Automotive inverter market by technology 2018 & 2029
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.
