Mosfet Relay Market Report

Market Insights

“The MOSFET relay market size was US$ 255.5 Million in 2023 and is likely to grow at an impressive CAGR of 9.3% in the long run to reach US$ 476.1 Million in 2030”.

Market Dynamics

Introduction

MOSFET relays are non-contact relays designed for switching and connecting signals. They serve as an alternative to mechanical relays, offering advantages such as compact size, extended operational lifespan, stable on-resistance, minimal input power consumption, and more. These relays are widely used in semiconductor inspection systems, measurement devices, security equipment, and other applications. These relays do not have any moving parts and are highly resistant to mechanical wear. They utilize the technology of metal-oxide-semiconductor field-effect transitions (MOSFET) for switching and connecting purposes. The basic structure consists of a gate (control terminal of the MOSFET), source (one of the terminals for current entering), and drain (terminal where current exits).

Market Drivers

There are multiple drivers in the MOFSET relay market. Some of the key drivers are – the high miniaturization of the components, demand for energy-efficient solutions, and growth in industrial automation of the market.

Market Challenges

There are some restraints in the MOFSET market due to the cost factor involved in the market. MOSFET relays require very high initial investments and high cost of these relays in the market when compared to traditional electromechanical relays.

Recent Market JVs and Acquisitions:

A limited number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:

• In May 2021, Standex Electronics acquired American Relays, Inc. has improved its portfolio of reeds relays in the test and measurement market. It will further bolster the market of Standex Electronics in the North American region. 

Recent Product Development:

The current focus is on higher energy efficiency and equipment downsizing. Here are some of the recent product developments in the market:

• In June 2024, Infineon Technologies introduced the new product 600 V CoolMOS S7TA superjunction MOSFET relays with temperature sensors for automotive power management applications.
• In Jan 2024, Omron Electronics Components Europe has expanded its current MOFSET relays products G3VM-63BR and G3VM-63ER adding to its list of already range up to 0.7A load current products.

Market Segments' Analysis

By Voltage Type

“Above 1kV voltage types are expected to remain dominant in the market during the forecast period.”

• The market is segmented into below 200V, 200-500V, 500V-1kV, and above 1kV.
• Above 1kV is expected to be a range of up to 7kV and used in high-voltage MOFSET relays. These are mainly found in industrial equipment which requires high currents.
• Above 1kV is also expected to have high growth owing to the increasing adoption of renewable energy. And with new technology advancements, demand for better high-performance equipment is expected to keep rising during the period.

By Application Type

“Industrial, Test & Measurement is expected to remain the dominant and grow at a strong rate in the market during the forecast period.”

• The market is segmented into industrial, test & measurement, mining, automotive, medical, renewables, and charging stations.
• Industrial, tests & measurements are key to this market with multiple equipment using MOSFET relays like oscilloscopes, signal generators, signal operators, and power meters.
• There is a growing demand for portable test & measurement equipment in the market which will be the key growth driver for the industrial, test & measurements segment.

Regional Analysis

“Asia-Pacific is expected to remain the largest market, whereas North America region is expected to grow at the fastest rate during the forecast period.”

• Asia-Pacific dominance is due to the large demand for MOSFET relays in the electronics industry which is highly dominated by this region. Also, the government policies in the region are highly favourable to the overall electronics industry in the region which will help in continued domination of the region in the market.
• The North America region's strong growth is mainly due to factors such as rapid demand for power MOSFET relays. There has been an increasing need for power modules in the automotive industry in the region.

Europe will also grow at a strong pace mainly due to it having significant portions of the automotive industry. The MOSFET relays are crucial in the present automotive electronics in applications like powertrain, lighting systems, and others.

Key Players

The market is highly fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the global MOSFET relay market. Some of the major players are providing a complete range of services including engine and airframe.

Here is the list of the Top Players (Based on Dominance)

• Broadcom
• Celduc
• Murata Manufacturing Corporation Ltd.
• Omron Corporation
• Relpol
• Schneider Electric
• Standex Electronics Inc.
• Susumu Corporation Ltd.
• TE Connectivity
• Toshiba
• Toward Relays
• Wago
• Yageo Corporation

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The global MOSFET relay market is segmented into the following categories. 

Global MOSFET Relay Market, by Voltage Type

• Below 200V (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 200-500V (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 500V-1kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Above 1kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Global MOSFET Relay Market, by Application Type

• Industrial, Test & Measurement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Renewables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Charging Stations (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Global MOSFET Relay Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s global MOSFET relay market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]