The worldwide wide bandgap semiconductor market is guage to be esteemed at US$ 831.8 million by 2032, up from US$ 241.3 million of every 2022, progressing at a CAGR of 13.2% during the figure time frame. The interest for wide bandgap semiconductors is ascending as makers are exceptionally utilizing Silicon Carbide (SiC) and Gallium Nitride (GaN) in radio recurrence applications.
Wide-bandgap semiconductors are semiconductor materials which permits gadgets to work at much high temperatures, voltages, and frequencies thinking about that of customary semiconductor materials like gallium arsenide and silicon.
Wide-bandgap semiconductors are the principal part used to make blue and green LEDs and lasers. This sort of semiconductors is additionally utilized in specific radio recurrence applications like quite military radars. Further, the wide bandgap semiconductors are likewise ordered under cutting edge semiconductors, and the included properties make it reasonable for the different scope of jobs
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Wide Bandgap Semiconductors Market: Drivers and Restraints
To extend the battery life and to improve the power efficiency in electronic and electrical gadgets such as portable media players, desktop computers, flat panel displays, notebooks, smartphones wide bandgap semiconductors are used. So increasing demand of above-mentioned goods is spurring the demand for wide bandgap semiconductors market during the forecast period.
To produce the ultraviolet LEDs with wavelengths ranging from 200–250 nm and to make blue LEDs and lasers wide bandgap semiconductors are used. So increasing demand of LED lights is influencing the growth of the wide bandgap semiconductors market. On the other hand, the high cost of manufacturing of wide bandgap semiconductor is the major challenge restraining the growth of the wide bandgap semiconductors market over the forthcoming years.
Wide Bandgap Semiconductors Market: Regional Outlook
North America dominated the wide bandgap semiconductors market was owing to increase in applied demand of wide bandgap semiconductors in automobile sectors. Therefore the demand for wide bandgap semiconductors in the respective region is expected to spur over the forecast period.
Asia Pacific countries such as India and China are expected to witness the fastest growth due to increasing demand of efficient semiconductors in various sectors such as automotive, computer, consumer goods and others. Further lucrative business opportunities in India such as “Make In India” is encouraging investors to invest in the country owing to avail benefits of supportive government regulation and easy availability of cheap labors are the other factors influencing the growth of the Wide Bandgap Semiconductors market in the India.
Key Developments in the Wide Bandgap Semiconductors Market
Some key developments in the wide bandgap semiconductors market are:
- ROHM Semiconductor is a leading manufacturer of wide band gap semiconductors (SiC and GaN). It has started a mass production of SiC power components, such as SiC Schottky diodes and SiC planer MOSFETs since 2010. In February 2019, the company announced plans to upgrade its existing production facility for WBG semiconductors with the help of advanced machines.
- In August 2019, ON Semiconductor announced the introduction of a wide band gap silicon-carbon MOSFET in its product line. The company expects that the new product would witness high demand in the next few years due to rise in demand for WBG semiconductors for use in applications such as automotive electric systems and electric vehicles.
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Competitive Landscape
Who are some of the Key Market Players in the Wide Bandgap Semiconductors Market?
The major player operating in the wide bandgap semiconductors market are Efficient Power Conversion Corporation, Mersen S.A., Everlight Electronics Co, Avogy, Inc., Toshiba Corporation, Fujitsu Limited, Renesas Electronics Corporation, NXP Semiconductors N.V., and Cree Inc.
The other prominent vendors associated with the wide bandgap semiconductors market are Fairchild Semiconductor, GeneSiC Semiconductor, Inc., Infineon Technologies AG, Infineon Technologies AG, MicroGaN Gmbh, United Silicon Carbide Inc., Microsemi Corporation, Vishay Intertechnology, Inc. Mitsubishi Electric, Nitronix Nanotechnology Corporation, Powerex, ROHM Semiconductor, STMicroelectronics, Sanken Electric Co., Ltd, Semikron, Semisouth Laboratories, Inc., and Shindengen Electric.
These major players are continuously collaborating, upgrading, and making efforts for expanding the wide bandgap semiconductors market with high-frequency regulations for energy and power devices to boost sales of wide bandgap semiconductor.
Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
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Key Segments in the Wide Bandgap Semiconductors Market
By Material Type:
- Silicon Carbide
- Gallium Nitride
- Diamond
- Other (Zinc Oxide, ZnSe etc.)
By Application:
- Hybrid
- Vehicle
- PV Inverters
- Railway Traction
- Wind Turbines
- Power Supplies
- Motor Drives
- UPS
- Others
By End-Use Industry:
- Defense and Aerospace
- Information and Communication Technology
- Consumer Electronics
- Automotive
- Others
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