The recent emergence of electric vehicles has been driving up the demand for power MOSFET components. Utilized for operating electric vehicles, MOSFETs act to improve switching speeds and help avoid power loss within cars. Today, with the increased popularity of electric vehicles, the MOSFET market is experiencing a tight shortage with no relief in sight.
Because of both their energy efficient and environmentally friendly features, electric vehicles have continued to gain attention from consumers globally, thus largely contributing to the MOSFET shortage. Currently, the automotive electronics market considerably accounts for 40% of all MOSFET applications. As the supply and demand levels mature, automotive MOSFET components are expected to account for 22% of all MOSFET global shipments in 2022.
Entering 2019, electric vehicle OEM and EMS companies can expect to see the persistent shortage continue. While the main contributor to the increased MOSFET market growth is electric vehicles, industry experts forecast the shortage to remain in tight supply with room for price increases through the first half of the year. Manufacturers have been creating additional MOSFET capacity but are still experiencing short supply.
MOSFET manufacturer front runners include Infineon, Texas Instruments, ON Semiconductor, STMicroelectronics, NXP Semiconductor, Vishay and Toshiba, with Infineon attaining about 25% power MOSFET market share today. Despite holding a quarter of market share, Infineon is struggling with long lead-times and constrained capacity issues relating to MOSFET production.
These MOSFET manufacturers are also experiencing heavy lead times, as they are expected to remain lengthened into the beginning of 2019. STMicroelectronics’s power MOSFET lead times have reached a staggering 46 week wait. Some MOSFET components experiencing these extended lead times include Infineon’s IRLML6402PBF, IRLML6401PBF, and IRLML2502TRPBF as well as ON Semiconductor’s FDC640P, FDC2612 and FDC86244.
Considering the growing demand of MOSFETs, the power MOSFET market is predicted to be worth US $1.6 billion by 2026 with a compound annual growth rate (CAGR) of 7.8% between 2017 and 2026. By the end of 2026, over US $7 billion of MOSFET components could be sold in the Asia Pacific region as this region is expected to be the target location for the majority of MOSFET sales due to the increase of manufacturing electronic gadgets.
For over 40 years, Advanced MP Technology has continued to stay up-to-date on all the latest market conditions for various types of electronic components. Our experienced staff has the expertise and resources in place to successfully help customers through times of component shortages and oversupply situations.