Growth Predictions on Global SiC & GaN Power Semiconductor Market Through 2026 Presented in New Forecast Research

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Rockville, US, 2018-Nov-06 — /EPR Network/ — 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.

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As per the latest study by Fact.MR, the global market for SiC & GaN power semiconductor 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.

As per the report by Fact.MR, the global SiC & GaN power semiconductor market is expected to witness robust growth, increasing at a CAGR of 24.7%. The global SiC & GaN power semiconductor market is also projected to reach US$ 2,986.3 million revenue by the end of 2026. Increasing adoption of mobile devices and other electronic devices is driving the need of semiconductors, this, in turn, is resulting in the increasing use of SiC & GaN to power semiconductor devices and at the same time offering various advantages. Following are the insights showing how the global SiC & GaN power semiconductor market will perform in the coming years.

5 Forecast Highlights on Global SiC & GaN Power Semiconductor Market

  • Asia Pacific Excluding Japan (APEJ) to emerge as the dominating region in the global SiC & GaN power semiconductor market. By the end of 2026, APEJ is projected to bring in more than US$ 2,200 million revenue. Increasing demand for mobile devices, the presence of the key companies are some of the factors driving the demand for SiC & GaN to power semiconductor in the region.
  • Meanwhile, Japan followed by Europe are also likely to see the significant growth in the coming years. Technological advancements in the regions are driving the market growth.
  • SiC is expected to witness significant growth during the forecast period. By the end of 2026, SiC as a material to power semiconductor is projected to exceed US$ 2,400 million revenue.
  • Compared to the various components, discrete SiC power devices are anticipated to witness growth. Discrete SiC power devices are projected to reach the value of nearly US$ 2,000 million revenue towards the end of 2026.
  • SiC & GaN power semiconductor is expected to be used largely in power supplies during the forecast period 2017-2026. By the end of 2026, power supplies are projected to bring in more than US$ 800 million revenue.

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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.

Competition Tracking

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, and Infineon Technologies.

Table of Content:

  1. Global Economic Outlook
  2. Global SiC & GaN Power Semiconductor Market – Executive Summary
  3. Global SiC & GaN Power Semiconductor Market Overview
    3.1. Introduction
    3.1.1. Global SiC & GaN Power Semiconductor Market Taxonomy
    3.1.2. Global SiC & GaN Power Semiconductor Market Definition
    3.2. Global SiC & GaN Power Semiconductor Market Size (US$ Mn) and Forecast, 2012-2026
    3.2.1. Global SiC & GaN Power Semiconductor Market Y-o-Y Growth
    3.3. Global SiC & GaN Power Semiconductor Market Dynamics
    3.4. Supply Chain
    3.5. Cost Structure
    3.6. PESTLE Analysis
    3.7. Product Lifecycle
    3.8. List of Distributors
    3.9. Key Participants Market Presence (Intensity Map) By Region
  4. Global SiC & GaN Power Semiconductor Market Analysis and Forecast 2012-2026
    4.1. Global SiC & GaN Power Semiconductor Market Size and Forecast By Material Type, 2012-2026
    4.1.1. SiC Market Size and Forecast, 2012-2026
    4.1.1.1. Revenue (US$ Mn) Comparison, By Region
    4.1.1.2. Market Share Comparison, By Region
    4.1.1.3. Y-o-Y growth Comparison, By Region
    4.1.2. GaN Market Size and Forecast, 2012-2026
    4.1.2.1. Revenue (US$ Mn) Comparison, By Region
    4.1.2.2. Market Share Comparison, By Region
    4.1.2.3. Y-o-Y growth Comparison, By Region
    4.2. Global SiC & GaN Power Semiconductor Market Size and Forecast By Component, 2012-2026
    4.2.1. SiC Power Modules Market Size and Forecast, 2012-2026
    4.2.1.1. Revenue (US$ Mn) Comparison, By Region

Continued……………..

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