📊Executive Summary

The electric vehicle power electronics market is projected to reach $42 billion by 2036, driven by advancements in silicon carbide (SiC) and gallium nitride (GaN) technologies. Despite a slowdown in EV sales growth, major automotive manufacturers like Toyota and Schaeffler are adopting SiC MOSFETs in their drivetrains, indicating a shift towards these technologies. The article highlights the competitive landscape among wafer suppliers, with Infineon and Wolfspeed leading in 200mm SiC production, which is expected to reduce costs significantly. GaN technology is also emerging in high-voltage applications, with companies like Navitas and NXP developing new power semiconductors. This transformation in power electronics is crucial for procurement teams to monitor as it impacts sourcing strategies and component availability....