Onsemi forecasts a significant rise in silicon carbide (SiC) device demand for electric vehicles (EVs) by 2025. This surge stems from the increasing adoption of 800-volt (V) charging systems. SiC’s superior energy density, efficiency, and lighter weight make it ideal for EV components like traction inverters, on-board chargers (OBCs), and DC-DC converters. With the automotive industry’s shift to 800V architectures, SiC devices will enhance EV performance by reducing charging times. Onsemi highlights the prevalence of SiC-based 800V designs at the 2024 Beijing Auto Show, indicating strong market momentum.
Onsemi Maintains Optimistic SiC Outlook Amid Broader Market Challenges
While Onsemi’s Q3 2024 earnings reflected lower-than-expected semiconductor demand, SiC demand in the automotive sector remains robust. Despite a year-on-year decline in overall EV sales, Onsemi’s automotive revenue increased by 5%, reaching $951 million. The company remains positive about SiC’s future in the automotive market, particularly in China’s rapidly growing EV sector. Industrial markets tied to EVs, aerospace, and utility-scale solar will also drive long-term SiC demand. SuperMetalPrice notes the critical role of SiC in advancing EV technology.
Strategic Focus on SiC Positions Onsemi for Long-Term Growth
Onsemi’s strategic focus on SiC technology ensures it benefits from the continued rise in EV adoption and the shift to 800V charging. The company anticipates SiC becoming even more integral in future EV designs. Onsemi expects SiC device demand to outpace the overall automotive market, with adoption increasing across China, the US, and Europe. Despite short-term fluctuations, Onsemi believes SiC is crucial for future EV efficiency and performance, ensuring its importance through 2025 and beyond.
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