Future Growth Potential of Semiconductor Industry With Growing Powertrain Electrification to Improve Power Density and Efficiency
The increasing use of electric vehicles (EVs) worldwide boosts power semiconductor demand. Government laws and subsidies, original equipment manufacturers' (OEMs') dedication to net zero emissions, and sustainability goals accelerate EV penetration in the vehicle industry. This study focuses on wide bandgap (WBG) semiconductors for the North American EV market. Silicon carbide (SiC) and gallium-nitride (GaN) are the 2 WBG technologies that overcome the limitations of silicon in EVs. The semiconductor content of an EV is 2 to 3 times higher than conventional ICE, and almost 75% of this comes from power semiconductors.
The author estimates the EV market will continue double-digit growth until the decade's end. The WBG semiconductor market is sizable, expanding, and highly fragmented, providing a significant opportunity for new competitors. High-voltage, high-performance power semiconductors will continue to be vital for EVs and a growing part of the semiconductor segment in the forecast period.
The study aims to understand the impact of new regional policies, Chips Act 2022, highlights drivers and restraints, performance differences of WBG semiconductor materials, patent landscape, and key vendors in the ecosystem. The automotive EV components covered are main inverters, onboard chargers, and DC-DC converters. Based on the analysis, WBG semiconductor content will rise 2 times in EVs, from 2026 to 2027, due to OEM adoption of 800 V electrical architecture.
This report provides an outlook on the WBG semiconductor device market for EVs, focusing on North American automotive OEM demand. The key North American OEMs identified are Tesla, GM, Ford, Lucid, and Rivian, adopting WBG or compound semiconductor technology. The report forecasts the demand for WBG based on upcoming EVs till 2030. In addition, a few North American supplier profiles discussed are Wolfspeed, onsemi, Odyssey Semiconductor, Qorvo, Navitas Semiconductor, and GaN Systems.
KEY ISSUES ADDRESSED
- What are the market dynamics that drive WBG semiconductor demand in North America?
- What are the different WBG semiconductor technologies available in North America?
- What is the North American market potential (revenue) of WBG semiconductors in EVs?
- What are the preferences of North American OEMs and suppliers in adopting these WBG semiconductor technologies, and what is their outlook for the future?
- How will technologies evolve during the next decade with different automotive OEMs?
- Who are the key market players of WBG semiconductors for EVs?
Table of Contents
1. Strategic Imperatives
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on Wide Bandgap EV Semiconductor Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
2. Growth Opportunity Analysis
- Scope of Analysis
- EV Market Segmentation by Region
- EV Market Segmentation by Powertrain Type
- EV Market Segmentation by Material Type
- Regional Policies of Semiconductor Chips
- EV Semiconductor Value Chain: Process
- EV Semiconductor Value Chain: Reshuffled and Rebuilding
- WBG Semiconductor Classifications
- EV WBG Semiconductor Materials: Performance
- SiC Semiconductor Wafer Development Timeline
- WBG Semiconductor Patent Landscape
- Merger and Acquisition in Semiconductor Ecosystem
- Key Players: WBG Semiconductor EV Power Ecosystem
- OEM 800 V Electrification Plan: Technology Trends
- EV Semiconductor Applications by Components
- Growth Metrics
- Growth Drivers
- Growth Drivers Analysis
- Growth Restraints
- Growth Restraints Analysis
- Forecast Assumptions
- Revenue Forecast by Scenario
- Revenue Forecast by Segment: Optimistic Scenario
- Revenue Forecast by Segment: Publisher Scenario
- Revenue Forecast by Segment, Conservative Scenario
- Revenue Forecast by EV Components: Optimistic Scenario
- Revenue Forecast by EV Components: Publisher Scenario
- Revenue Forecast by EV Components: Conservative Scenario
- Revenue Forecast Analysis
- Competitive Environment
3. Growth Opportunity Analysis: SiC Semiconductor
- Growth Metrics
- Revenue Forecast by Scenario
- Revenue Forecast by EV Components: Optimistic Scenario
- Revenue Forecast by EV Components: Publisher Scenario
- Revenue Forecast by EV Components: Conservative Scenario
4. Growth Opportunity Analysis: GaN Semiconductor
- Growth Metrics
- Revenue Forecast by Scenario
- Revenue Forecast by EV Components: Optimistic Scenario
- Revenue Forecast by EV Components: Publisher Scenario
- Revenue Forecast by EV Components: Conservative Scenario
5. OEM Profiles
- Tesla: WBG Adoption
- GM: WBG Adoption
- Ford: WBG Adoption
- Lucid: WBG Adoption
- Rivian: WBG Adoption
6. Supplier Profiles
- Infineon: WBG Adoption
- onsemi: WBG Adoption
- Wolfspeed: WBG Adoption
- Navitas Semiconductor: WBG Adoption
- Qorvo: WBG Adoption
- Odyssey Semiconductor: WBG Adoption
7. Growth Opportunity Universe
- Growth Opportunity 1: Increasing SiC and GaN WBG Semiconductor Adoption
- Growth Opportunity 2: Strategic Partnerships Between SiC and GaN Semiconductor Suppliers
- Growth Opportunity 3: WBG Semiconductor Manufacturing Facility Development
8. Next Steps
- Your Next Steps
- List of Exhibits
- Legal Disclaimer
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ford
- GM
- Infineon
- Lucid
- Navitas Semiconductor
- Odyssey Semiconductor
- onsemi
- Qorvo
- Rivian
- Tesla
- Wolfspeed
