The thriving electric vehicle (EV) market is propelling a substantial surge in the demand for high - performance power semiconductors. The market size for these semiconductors is anticipated to soar to US$42 billion by 2036.

Among the various technologies, silicon carbide (SiC) stands out as a well - established option. Its technology has reached a mature stage and has already been extensively integrated into a diverse range of vehicle models. On the other hand, gallium nitride (GaN) technology is emerging as a highly promising alternative. It holds great potential in significantly boosting charging efficiency.

Looking ahead, hybrid configurations of power semiconductors are poised to become a prevailing trend in the industry. In this evolving landscape, SiC is expected to take the lead in driving market growth. As technological progress continues to make strides, it will further elevate the performance of EVs. However, this advancement also means that market competition will become increasingly fierce.