The global GaN and SiC power semiconductor market is estimated to exhibit a CAGR of over 25% during the forecast period. In power electronics, Si-based power devices have proven to be efficient in a wide range of applications. However, for higher power and higher frequency applications, more power is required, thus technologically advanced SiC along with GaN power devices are being introduced as an alternative of Si-based power devices for high power and high-efficiency applications. These SiC and GaN possess numerous benefits including high-operating electric field, high-switching frequency, high-breakdown voltage, high operating temperature, and low losses.
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The factors that drive the growth of the market include the rapid technological advancements and growth in the semiconductor industry. As these devices are widely utilized in power applications for charging infrastructure, rail traction, and renewable power, among others, the adoption of these devices provide growth opportunities to the market. Moreover, the rise in the need for power efficiency in industrial applications along with automotive electronics is further fuelling the adoption of semiconductor materials & technologies, hence contributing to the growth of the GaN and SiC Power semiconductor market. However, higher costs, high defect density, limited wafer size, and shortage are some of the factors that act as a challenge in the market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global GaN and SiC Power Semiconductor Market by Product
- SiC Power Module
- GaN Power Module
- Discrete SiC
- Discrete GaN
Global GaN and SiC Power Semiconductor Market by Application
- Power Supplies
- Industrial Motor Drives
- Electric Vehicles
- PV Inverters
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AGC Group
- Alpha and Omega Semiconductor
- Daco Semiconductor Co. Ltd.
- Epiluvac AB
- Fuji Electric Co. Ltd.
- GeneSiC Semiconductor Inc.
- Global Power Technologies Group, Inc.
- Infineon Technologies AG
- IQE PLC
- Littelfuse Inc.
- Microsemi Corp.
- Mitsubishi Electric Corp.
- NXP Semiconductors N.V
- Renesas Electronics Corp.
- ROHM Co. Ltd.
- Saint-Gobain Group
- Sanken Electric Co. Ltd.
- STMicroelectronics N.V.
- Sublime Technologies
- SweGaN AB
- Transphorm Inc.
- WeEn Semiconductors Co. Ltd.
- Wolfspeed, a Cree Company
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global GaN and SiC Power semiconductor market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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