onsemi targets $213 billion market opportunity by 2030 with platform-based power and sensing strategy
ON•Power and sensing platforms
The strategy centers on lifting power density via three platforms: high-voltage silicon, SiC, GaN including vGaN; Treo; and the Embedded Power Platform.
onsemi said it is positioned for AI growth at the edge, aiming to combine power, sensing, control, and connected compute for physical-world machines.
Long-term growth strategy and market target
onsemi set a long-term growth strategy to address power constraints tied to AI, electrification, and automation.
The company said it targets a $213 billion total addressable market by 2030 across automotive, industrial, AI data center, and emerging applications. It plans to scale a platform-based model to sell higher-value solutions and system architectures, reducing reliance on any single end market.
