Insulated-gate bipolar transistors (IGBT) accounted for almost all of the global automotive inverter market in 2018. Between 2018 and 2029, however, the market for metal oxide semiconductor field effect transistors (MOSFET) automotive inverters is expected to grow rapidly from 121.6 million U.S. dollars worldwide to roughly 8.3 billion U.S. dollars. The market is mainly driven by the increasing use of electric vehicles, as battery electric vehicles require invertors for both charging and operation.
Global automotive inverter market size in 2018 and 2029, by technology
(in million U.S. dollars)
The abbreviation IGBT stands for insulated gate bipolar transistor and the abbreviation MOSFET stands for metal oxide semiconductor field effect transistor, according to the source.
In terms of value, the global automotive inverter market for MOSFET was valued $121.6 million in 2018 and is projected to reach $8.30 billion by 2029, registering a CAGR 47.05% during the forecast period 2019-2029.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
BIS Research. (June 7, 2019). Global automotive inverter market size in 2018 and 2029, by technology (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1086656/global-automotive-inverter-market-by-technology/
BIS Research. "Global automotive inverter market size in 2018 and 2029, by technology (in million U.S. dollars)." Chart. June 7, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1086656/global-automotive-inverter-market-by-technology/
BIS Research. (2019). Global automotive inverter market size in 2018 and 2029, by technology (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1086656/global-automotive-inverter-market-by-technology/
BIS Research. "Global Automotive Inverter Market Size in 2018 and 2029, by Technology (in Million U.S. Dollars)." Statista, Statista Inc., 7 Jun 2019, https://www.statista.com/statistics/1086656/global-automotive-inverter-market-by-technology/
BIS Research, Global automotive inverter market size in 2018 and 2029, by technology (in million U.S. dollars) Statista, https://www.statista.com/statistics/1086656/global-automotive-inverter-market-by-technology/ (last visited November 21, 2024)
Global automotive inverter market size in 2018 and 2029, by technology (in million U.S. dollars) [Graph], BIS Research, June 7, 2019. [Online]. Available: https://www.statista.com/statistics/1086656/global-automotive-inverter-market-by-technology/
