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MOSFET industry: China race to enlarge their market shares

Chinese companies want to grow their market share by increasing investment and improving device performance.

OUTLINE:

  • Market forecasts:

With US$9.4 billion by 2026, the MOSFET[1] market will get a 3.8% CAGR[2] between 2020 and 2026.

COVID-19 pandemic strongly impacted the MOSFET market, especially the consumer segment with a US$2.8 billion market in 2020.

EV[3] and EV charging applications are expected to grow with a high CAGR, pushed by the different governments.

  • Technology trends:

MOSFET devices are mature silicon components with high reliability. They are manufactured at high volumes with high manufacturing yield. Chinese manufacturers have advanced technologically in the last few years.

Advanced gate MOSFET components start to be more appealing in >200V applications and might even compete with SJ MOSFETs.

  • Supply chain:

Leading MOSFET manufacturers are based in Europe, United-States and Japan, whit a big push from China.

The ranking of top players has not evolved significantly since 2019 as 2020 MOSFET market was affected by COVID-19 crisis.

Main MOSFET players are also involved in other power electronics technologies, such as IGBT[4], GaN[5] or SiC[6].

“Silicon MOSFETs are key components in a very wide range of low and mid-power applications”, asserts Ana Villamor, PhD. Technology & Market Analyst, Power Electronics & Compound Semiconductors at Yole Développement (Yole). “In 2020, the silicon MOSFET market was worth US$7.5 billion. At Yole, we expect a 3.8% CAGR[7] from 2020-2026, with most revenue coming from consumer and automotive markets.”

In general, 2021 has been an impressive year for MOSFETs with a huge recovery from COVID-19 thanks to the high demand for computing and consumer electronics.

Today the consumer market contributes 37% of silicon MOSFET revenues, making it the largest sector. Yole’s analysts are expecting this to fall in coming years due to lower end system demand after COVID-19 lockdowns, which have been very good for computing and consumer electronics, resulting in a US$2.8 billion market by 2020.

Automotive, including EV, will boost the demand for silicon power MOSFETs due to increasing adoption of auxiliary systems and electrification. Auxiliary motor drives boost low voltage MOSFETs, while electrification boosts high voltage MOSFETs that are included in DC/DC converter or on-board charger systems. The two segments together are today 21% of the MOSFET market. They will increase to 32% by 2026.

“Indeed, new environmental regulations targeting carbon neutrality by 2050 by some governments play in favor of faster vehicle electrification”, explains Amine Allouche, Technology & Cost Analyst at System Plus Consulting. “And power electronics is a key technology for this transition. Silicon MOSFETs benefit from mature infrastructure and processes. Meanwhile, new device generations are coming to the market. In addition to performance improvements, silicon MOSFET die costs will be further reduced thanks to a 12-inch silicon wafer transition that will make their cost increasingly competitive.”

And of course, MOSFETs play an important role in many any other applications…

Released today, the Silicon MOSFET Market & Technology Trends report from Yole, contributes to the understanding of the overall power electronics ecosystem, its latest innovations and the strategy of leading companies. Including market trends and forecasts, supply chain, technology trends, technical insights, and market segmentations, take away and outlook… This study delivers an impressive overview of the power electronics industry with a special focus on MOSFET market segment.

Yole’s partner, System Plus Consulting also contributed to this understanding of the MOSFET market and technologies evolution. The reverse engineering and costing company delivers a dedicated report to deep dive into the MOSFET technologies and the strategy of the components’ manufacturers: Automotive Low-Voltage Si MOSFET Comparison 2021 report.

In this report, System Plus Consulting is offering a comprehensive overview and comparison of the silicon MOSFET dedicated to automotive applications and the technical choices made by the power electronics players.

In this ecosystem, Infineon Technologies keeps its leading position thanks to its large MOSFET portfolio and its well-known CoolMOS technology. In the MOSFET ranking, onsemi reaches the 2nd position, with 13% market share[8], with leadership in low-voltage automotive market segment.

And what about the Chinese players?

Indeed, they are not very visible in the MOSFET market, since it is highly technologically driven,” However, at Yole, we start to see players such as Jilin Sino Microelectronics, Silan Microelectronics or CRMicro with quite a few MOSFET products in their portfolio…

As detailed in Yole’s silicon MOSFET report, China accounts for 38% of silicon MOSFET sales. As well as growing demand for silicon MOSFETs for different applications, the Chinese government is pushing for domestic manufacturing.

“It is therefore not surprising that Chinese players are investing in manufacturing capabilities,” asserts Milan Rosina, PhD. Principal Analyst, Power Electronics & Batteries at Yole. “Foundries like HHGrace and CanSemi have invested in 300mm facilities to cope with higher production of MOSFETs and other power components and have started production in them.”

 However, this is not the end of Chinese push for 300mm. SiEn is building a 300mm fab, as well as CRMicro and Nexperia. In fact, CRMicro recently raised money through an IPO[9], and has already expanded its 200mm line.

Other companies like Jiejie Microelectronics and SMIC are following the same pattern. All of them want to invest the money raised into manufacturing capacity.

However, it is not all about investments in manufacturing sites…

Chinese companies are also gaining market share via acquisitions. Deals by Chinese-owned companies are not straightforward since the China-US trade war started. See for example the Nexperia–Newport, UK, Wafer Fab or Magnachip-Wise Road Capital acquisitions. Chinese manufacturers are also investing in technology knowledge.

Five years back, Chinese products were believed to be lower performance than Europe, Japan, or American manufacturers for high-end components like super junction MOSFETs. However, this is changing. Some Chinese companies can achieve similar performances to key MOSFET players.

All in all, Chinese manufacturers are racing to capture a big portion of the MOSFET market.

All year long, Yole and System Plus Consulting publish numerous power electronics and compound semiconductor reports. Yole has also developed a dedicated compound semiconductor monitor to get a deep understanding of the market evolution and follow the strategy of leading industrials. quarter by quarter.

In addition, analysts realize various key presentations and organize key conferences. Do not miss the next conference, the 23rd European Conference on Power Electronics and Applications with Milan Rosina, PhD. Principal Analyst, Power Electronics & Batteries at Yole Développement. Get more information on i-Micronews today!

Make sure to be aware of the latest news coming from the industry and get an overview of our activities, including interviews with leading companies and more on i-Micronews. Stay tuned!


[1] MOSFET: Metal Oxide Semiconductor Field-Effect Transistor.

[2] CAGR: Compound Annual Growth Rate

[3] EV: Electric Vehicle

[4] IGBT: Insulated Gate Bipolar Transistor

[5] GaN: Gallium Nitride

[6] SiC: Silicon Carbide

[7] CAGR: Compound Annual Growth Rate

[8] Including all MOSFETs

[9] IPO : Initial Public Offering

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