Introduction of 5G mobile communication globally is one of the key factors driving the global market for SiC & GaN power semiconductor. Moreover, power semiconductors especially Radio Frequency type is required in mobile communication.
Also, companies are focusing to introduce GaN-based power amplifier with high speed. Meanwhile, automotive electronics also accounts for heavy consumption of power semiconductors.
With the rise in electric vehicles, the deployment of SiC & GaN power semiconductor in cars has also increased.
As per the latest study by Fact.MR, the global SiC & GaN power semiconductor market is likely to experience strong growth during 2017-2026. The global market for SiC & GaN power semiconductor is also estimated to bring in US$ 2,986.3 million revenue.
Introduction of technically advanced devices with better power capacity is driving the market for SiC & GaN power semiconductor.
SiC to Emerge as the Highly Preferred Material for Semiconductor
Compared to Gallium Nitride (GaN), silicon carbide (SiC) is likely to emerge as the highly preferred material. By 2026 end, SiC is estimated to surpass US$ 2,400 million revenue.
Silicon Carbide is helping devices to achieve high energy conversion function, power consumption, and fast charging. SiC power semiconductor devices are being used in devices with high power capacity. Whereas, GaN is used in medium to low power capacity.
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Discrete SiC Power Devices to Gain Maximum Traction in the Market
On the basis of components, discrete SiC power devices are likely to gain traction in the market from 2017 to 2026. Discrete SiC power devices are estimated to surpass US$ 1,900 million revenue towards 2026 end.
Meanwhile, SiC power modules are also likely to achieve strong growth through 2026. SiC power devices is emerging as the most viable option for next-generation semiconductor elements due to its high frequency, high voltage performance and high temperature.
SiC & GaN power semiconductor to Find Largest Application in Power Supplies
SiC & GaN power semiconductor is likely to find the largest application in Power supplies between 2017 and 2026. Power supplies are estimated to create an incremental opportunity above US$ 700 million between the forecast period from 2017 to 2026.
Increasing demand renewable energy is resulting in the development of power semiconductor devices.
Moreover, Silicon Carbide and Gallium Nitride are considered suitable for power semiconductor devices as it helps in reducing on-state resistance and miniaturizing the size of power devices.
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The report also profiles companies that are expected to remain active in the expansion of global SiC & GaN power semiconductor market through 2026, which include
- VisIC Technologies Ltd
- Panasonic Corporation
- NXP Semiconductors N.V.
- GaN Systems Inc.
- Exagan S.A.S
- Cambridge Electronics
- Avogy, Inc.
- Vincotech GmbH
- United Silicon Carbide Inc.
- STMicroelectronics N.V.
- Raytheon Company
- Monolith Semiconductor Inc.
- Genesic semiconductor Inc
- Transform, Inc.
- Alpha & Omega Semiconductor
- Renesas Electronics
- SEMIKRON International GmbH
- Danfoss A/S
- Microsemi Corporation
- Wolfspeed, Inc.
- ROHM Semiconductor
- Global Power Technologies Group
- Fuji Electric Systems Co., Ltd
- Fairchild Semiconductor
- Infineon Technologies.
SiC & GaN Power Semiconductor Market Scope Of The Report
Silicon Carbide (SiC) and Gallium Nitride (GaN) are vital sources to power semiconductor devices that are used in mobile devices and electric cars.
SiC have been used for a long time, however, GaN has recently emerged in the market offering similar performance benefits to SiC but with reduced cost.
Hence, the adoption of GaN is increasing as compared to SiC as it offers both price and performance benefits.
This report, compiled by Fact.MR, provides in-depth analysis of the global SiC & GaN power semiconductor market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
The scope of the Fact.MR’s report is to analyze the global SiC & GaN power semiconductor market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers.
SiC & GaN power semiconductor suppliers, stakeholders and manufacturers in the global information and communication technology industry can benefit from the analysis offered in this report.
Comprehensive analysis regarding the impact of technological advancements such as cloud computing, internet of things (IoT), big data and artificial intelligence is detailed in this report.
The comprehensive study throws light on various trends, dynamics and restrains shaping future of the market, which can serve as a platform of further study, interest and understanding for the leading industries, journals and trade magazines pertaining to global SiC & GaN power semiconductor market.
The report commences with introducing the current market scenario for SiC & GaN power semiconductor.
The executive summary section of the report offers insights to users regarding the future scope of the global SiC & GaN power semiconductor market. Brief information on the crucial aspects, statistics and facts on the global SiC & GaN power semiconductor keyword market is highlighted in this section.
The next section offers an overview of the global SiC & GaN power semiconductor market. This section includes definition of the product – SiC & GaN power semiconductor, along with insights on dynamics contributing towards growth of the market.
The overview also throws light on year-on-year growth and market value defining the future progress and decline of the global SiC & GaN power semiconductor.
Statistics on the year-on-year growth provides readers with a broader view on expected progress patterns reshaping growth over the forecast period.
In the succeeding section, the report offers insights on major trends, retrains and drivers from demand, supply and macro-economic perspectives. The report also focuses on impact analysis of key drivers and restraints that offers better decision-making insights to clients.
The report further provides the readers with information on the leading technology and advancements traced in the global SiC & GaN power semiconductor market.
Up-to-date information and latest advancements regarding growth opportunities can benefit the leading manufacturers of SiC & GaN power semiconductor.
With continuous evolution and advancements in technology, tracking the latest trends and developments is fundamental for SiC & GaN power semiconductor manufacturers to formulate key business strategies.
Detailed insights regarding the supply chain, list of distributors, raw material sourcing, cost structure, and pricing analysis are provided in this section.
Considering the broad scope of the global SiC & GaN power semiconductor market report by Fact.MR provides key insights and segment-wise analysis and forecast.
The global SiC & GaN power semiconductor market is segmented on the basis of material type, component, application, and region. This market segmentation also consists region-wise and country-wise analysis considering all the major parameters of the market.
In the last section, the report provides information regarding the competitive landscape, along with a dashboard view of the market players and company analysis.
This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global SiC & GaN power semiconductor market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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