Press release
SiC Traction Modules Market in the U.S. Accelerates with Mitsubishi Electric Targeting USD 22.8 Billion by 2036
Get Detailed Market Forecasts, Competitive Benchmarking, and Pricing Trends: https://www.factmr.com/connectus/sample?flag=S&rep_id=14113
SiC traction modules are becoming an essential part of modern electric drivetrains. Compared with conventional silicon-based devices, SiC technology delivers lower switching losses, higher power density, improved thermal performance, and better energy efficiency. These benefits help automakers increase vehicle range, reduce cooling requirements, and support faster charging. As global automakers introduce more premium and high-performance EV platforms, demand for SiC-based power modules is expected to grow steadily throughout the forecast period.
The market is also benefiting from continuous innovation across the semiconductor industry. Wolfspeed introduced its fourth-generation 1200V SiC traction modules and announced production of the world's first 300mm silicon carbide wafer in January 2026. Onsemi continues to strengthen its automotive portfolio through collaborations with Volkswagen Group while expanding its intelligent power module offerings. Japanese companies such as ROHM and Denso are also developing advanced double-sided cooling technologies that increase power density while reducing inverter size and weight.
Industry organizations also recognize the growing importance of wide-bandgap semiconductors in electric mobility. The International Energy Agency (IEA) reported in 2024 that advanced power electronics are becoming increasingly important for improving electric vehicle efficiency and reducing energy losses. Similarly, the National Renewable Energy Laboratory (NREL) highlighted that silicon carbide semiconductors enable higher-efficiency power conversion, supporting the next generation of electric vehicles.
Key Market Numbers
According to Fact.MR:
Market value in 2026: USD 5.5 Billion
Projected market value by 2036: USD 22.8 Billion
Forecast period: 2026-2036
CAGR: 15.3%
Leading module type: Half-Bridge and Full-Bridge Modules (48.0% market share)
Leading voltage class: ≤800 V Modules (46.0% market share)
Market Segmentation
By Module Type
Half-Bridge and Full-Bridge modules account for 48.0% of the global market. These modules remain the preferred choice for mainstream traction inverter applications because they offer excellent switching performance, efficient thermal management, and reliable operation for passenger and commercial electric vehicles.
By Voltage Class
Modules rated at 800 volts and below represent 46.0% of total market demand. This voltage category offers an ideal balance between charging performance, manufacturing cost, and system efficiency, making it widely adopted across current-generation electric vehicles.
Country Growth Outlook
Fact.MR projects strong growth across major automotive manufacturing regions:
China: 16.2% CAGR
Brazil: 15.8% CAGR
United States: 15.0% CAGR
United Kingdom: 14.9% CAGR
Germany: 14.6% CAGR
South Korea: 14.2% CAGR
Competitive Landscape
The SiC traction modules market remains highly competitive as semiconductor manufacturers invest heavily in manufacturing capacity, advanced wafer technologies, and integrated power solutions. Companies are expanding production while focusing on higher power density, improved thermal performance, and better reliability for next-generation electric vehicles.
Major companies featured in the Fact.MR report include:
Infineon Technologies
Wolfspeed
STMicroelectronics
onsemi
Mitsubishi Electric
ROHM
Hitachi Astemo
Fuji Electric
Semikron Danfoss
CRRC Power
Browse full Report: https://www.factmr.com/report/sic-traction-modules-market
Note: The Fact.MR report identifies the leading companies but does not publish individual company market share percentages.
Analyst Perspective
Jochen Hanebeck, CEO of Infineon Technologies, stated:
"In the 2026 fiscal year we are expecting moderate growth in a still mixed market environment. Decisive success factors for us are our innovative strength, development speed, manufacturing excellence, and our broad customer base."
This statement reflects the industry's continued focus on innovation, manufacturing excellence, and long-term investment in silicon carbide technologies.
Frequently Asked Questions
What is the size of the SiC Traction Modules Market in 2026?
Fact.MR estimates the market at USD 5.5 billion in 2026.
How large will the market become by 2036?
The market is projected to reach USD 22.8 billion by 2036.
What is the expected CAGR during the forecast period?
The market is forecast to expand at a 15.3% CAGR from 2026 to 2036.
Which module type leads the market?
Half-Bridge and Full-Bridge modules lead the market with a 48.0% share.
Which voltage class dominates the market?
Modules rated at 800V and below account for 46.0% of total market demand.
Explore More Related Studies Published by Fact.MR Research:
Traction Inverter Market:https://www.factmr.com/report/traction-inverter-market
EV Traction Motor Market: https://www.factmr.com/report/336/ev-traction-motor-market
Railway Traction Motors Market: https://www.factmr.com/report/railway-traction-motors-market
Automotive Traction Bar Market: https://www.factmr.com/report/3868/automotive-traction-bar-market
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About Fact.MR
Fact.MR is a global market research and consulting firm, trusted by Fortune 500 companies and emerging businesses for reliable insights and strategic intelligence. With a presence across the U.S., UK, India, and Dubai, we deliver data-driven research and tailored consulting solutions across 30+ industries and 1,000+ markets. Backed by deep expertise and advanced analytics, Fact.MR helps organizations uncover opportunities, reduce risks, and make informed decisions for sustainable growth.
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