EV Semiconductor Devices Market expected to reach USD 50.680 billion by 2030

EV Semiconductor Devices Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the EV semiconductor devices market will expand from USD 25.250 billion in 2025 to USD 50.680 billion in 2030 at a CAGR of 14.95% during the forecast period.

Semiconductor devices for electric vehicles (EVs) are functionally important devices that supply power to EVs. They are used to manage the flow of electricity in electric motors and other electronic devices fitted in the vehicle. These include Silicon Carbide (SiC), which can withstand higher temperature ranges with minimal energy loss, and Gallium Nitride (GaN), which has a higher switching speed and power density. The operations of an EV are mainly managed by microcontrollers and microprocessors, which carry out functions such as battery management, motor control, infotainment, and safety systems. In addition, Analog integrated circuits are used to change the analog signals to a digital format for easier processing. The EV semiconductor devices are integrated into battery management systems, electric motor control, charging systems, information systems, and safety systems.

The market for EV semiconductor devices is witnessing strong expansion due to supportive government policies, self-driving vehicles and ADAS technologies, the development of charging facilities, and the incorporation of EVs into smart grids. The environmental threats posed by the enhancement of vehicle technology have increased the adoption of EVs. The ability of SiC and GaN semiconductors to restore higher efficiency and power density under an increased operating temperature range makes them suitable for numerous applications in EVs. EVs are becoming popular and they will demand high computational which will most likely be facilitated by advanced microprocessors and microcontrollers, leading to development in the market.

EV Semiconductor Devices Market Highlights

• The Battery Electric Vehicle (BEV) segment is expected to attain a major market share by 2030 in the vehicle type in the EV semiconductor devices market. It is expected that BEVs will have more positive effects on the EV semiconductor devices market as compared to PHEVs because of their market capture rate, regulatory support, improved technologies, and intricate semiconductor integration in the vehicles. BEV provides a zero-emission driving experience that resonates well with green policies and legislation. Besides, global enhancements in battery performance, after-treatment systems, and vehicle operational distance are also working in BEVs’ favor.
• The analog modules segment is estimated to hold the largest share in the component segment during the projected period. It is anticipated that analog modules will play a considerable part in the expansion of the EV semiconductor devices market for power electronics inverters and converters, battery management systems (BMS), temperature, current, and position sensors. Such elements are important in changing the direct current supplied from the battery to alternating current for use by the electric motor while maintaining efficiency and safety.
• The Silicon Carbide (SiC) is expected to hold a substantial share of the material type segment of the market, driven by the superior efficiency and performance of the material in high-power EV device applications, along with the supportive, stringent emission regulations favouring the segment growth.
• The medium (400-800 V) voltage range is the dominant segment in the EV semiconductor devices market due to growing alignment with the EV architecture, which promotes its application as it is ideal with range, efficiency, and cost.
• Based on the application, the EV semiconductor devices market is categorized into powertrain, chassis and safety, infotainment and telematics, body and convenience, and advanced driver assistance systems. The powertrain is predicted to greatly enhance the market for the semiconductor devices used in EVs due to its constituent elements, such as electric motors and battery management systems. More sophisticated semiconductor devices, such as inverters, converters, and motor controllers, are crucial for the efficiency of the motor and the motor control of the powertrain.
• The EV semiconductor devices market is expanding significantly in the Asia Pacific region due to various factors. The region of Asia Pacific is witnessing the growth of EV semiconductor devices because of the presence of major regional automotive markets in countries such as China, Japan, South Korea, and India. Along with this, the presence of cheap labor and production facilities in these regions, along with the advanced semiconductor industry in countries like Taiwan. Furthermore, there is a rising government subsidy and other initiatives for promoting EVs, along with the semiconductor industries being well established, which is contributing to the acceleration of the EV semiconductor devices market.

Report Coverage:

Report Metric	Details
EV Semiconductor Devices Market Size in 2025	USD 25.250 billion
EV Semiconductor Devices Market Size in 2030	USD 50.680 billion
Growth Rate	CAGR of 14.95%
Drivers	Rise in Adoption and Production of EVs Globally Growing Semiconductor Application per Vehicle
Restraints	Supply Chain Disruptions High Costs of Advanced Semiconductors
Segmentation	Vehicle Type Component Material Type Voltage Range Application Geography
List of Major Companies in the EV Semiconductor Devices Market	Taiwan Semiconductor Manufacturing Company Limited Infineon Technologies STMicroelectronics NXP Semiconductors Texas Instruments

EV Semiconductor Devices Market Growth Drivers and Restraints

Growth Drivers:

• Rise in Adoption and Production of EVs Globally: AI and the growing awareness of the advantages of EVs and subsidies on their purchase are promoting EV sales globally and are expected to account for about 17 million in 2024, as per IEA, with continuous acceleration in the years to come. This will propel the demand for semiconductor devices in these EVs to enhance their performance and efficiency.
• Growing Semiconductor Application per Vehicle: The advancement and modernization of EVs through the integration of high voltage architectures is also contributing to the advanced semiconductor devices for enhancing their operation. The increasing technological advancement, like AI-integrative predictive maintenance, is another attribute boosting the market expansion.

Restraints:

• Supply Chain Disruptions: The shortage in chips or the trade transition, like the China-USA trade issue, could lead to delays and an increase in their price, which will hinder the market growth.
• High Costs of Advanced Semiconductors: The increased cost of advanced semiconductors, which utilize materials like GaN and SiC, which are more expensive than silicon material due to their complex fabrication, could become a barrier for cost-sensitive consumers.

EV Semiconductor Devices Market Key Development

• Collaboration: In December 2024, ROHM announced the launch of strategic gallium nitride technology and power devices in collaboration with TSMC for the electric vehicle application.
• Product Launch: In August 2024, Power Master Semiconductor launched a 1200 V SiC MOSFET targeting EV applications. This is designed to upgrade power electronics. The automotive MOSFET has high efficiency, high power density, and high reliability. It is also bi-directional, allowing it to be used in several automotive applications such as an on-board charger, DC-DC converters, and e compressors, among others.

EV Semiconductor Devices Market Segmentation

Knowledge Sourcing Intelligence has segmented the EV Semiconductor Devices Market based on vehicle type, component, material type, voltage range, application, and region:

• EV Semiconductor Devices Market, By Vehicle Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)
• EV Semiconductor Devices Market, By Component
  • Analog
  • Memory Devices
  • Discrete Semiconductors
  • Sensors
  • Other Components
• EV Semiconductor Devices Market, By Material Type
  • Silicon Carbide (SiC)
  • Gallium Nitride (GaN)
  • Others
• EV Semiconductor Devices Market, By Voltage Range
  • Low Voltage (Below 400V)
  • Medium Voltage (400V-800V)
  • High Voltage (Above 800V)
• EV Semiconductor Devices Market, By Application
  • Powertrain
  • Chassis and Safety
  • Infotainment and Telematics
  • Body Electronics
  • Advanced Driver Assistance Systems
  • Battery Management Systems
• EV Semiconductor Devices Market, By Region
  • Americas
    • USA
  • Europe, the Middle East, and Africa
    • Germany
    • Netherlands
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Taiwan
    • Others

EV Semiconductor Devices Market Key Players

• Taiwan Semiconductor Manufacturing Company Limited
• Infineon Technologies
• STMicroelectronics
• NXP Semiconductors
• Texas Instruments
• Renesas Electronics
• Microchip Technology
• On Semiconductor Corporation
• Analog Devices Inc.
• ROHM Co., Ltd.
• Toshiba Corporation

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.