NuAxiSemiconductor trade intelligence

xEV PMIC market to double to $14.5bn by 2031

What happened

Yole forecasts the xEV power-device market to reach $14.5 billion by 2031, with SiC MOSFETs growing at a 21.5% CAGR. Driven by 800V architectures and Chinese BEV demand, SiC and GaN adoption is accelerating, though SiC manufacturers face overcapacity risks.

Impact and signal

High impactImpact score: 85/100

Affected components and suppliers

SiC MOSFETsGaN HEMTsPower ModulesTraction InvertersxEV Power Devices

YoleBoschRenesasRohm

Electric VehiclePower ElectronicsSiCGaN800V

Source and time

Source: Electronics Weekly · 8/13/2026 · View original source

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xEV PMIC market to double to $14.5bn by 2031

What happened

Impact and signal

Affected components and suppliers

Source and time

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