GaN And SiC Power Semiconductor Market Set to Witness Explosive Growth by 2030

The global GaN and SiC power semiconductor market is projected to grow from USD 1.02 Billion in 2017 to USD 3.06 Billion by 2030, at a CAGR of 15.1% from 2017 to 2030.

Gallium Nitride (GaN) and Silicon Carbide (SiC) are two materials that are very effective in power semiconductor applications. GaN has higher electron mobility than silicon, which allows for faster switching speeds and reduced power losses. SiC has a higher thermal conductivity than silicon, which leads to lower junction temperatures and improved reliability. These materials are being increasingly used in high-power applications such as electric vehicles, renewable energy systems, and data centres.

The GaN and SiC power semiconductor market is rapidly growing particularly in high power and high-temperature applications such as automotive, aircraft, and deep extraction of oil or gas. The oil & gas extraction applications need power devices to run continuously at high temperatures requiring high reliability. Field effect transistors, bipolar junction transistors, and other active switching devices implemented with these materials are the other major application areas in the GaN and SiC power semiconductor market. Wide bandgap semiconductor provides very high capabilities for critical electric fields. These field strengths are enabling semiconductor manufacturers to design devices with minimum losses by using SiC and GaN materials.

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Global GaN and SiC Power Semiconductor Market: Major Players
NXP Semiconductors
Hiwafer
Infineon Technologies AG
Dynax-semi
MACOM
Cree
ROHM Semiconductor
Ampleon
Mitsubishi Electric Corporation
Innoscience
Alpha and Omega Semiconductor
Sumitomo Electric DeviceInnovations
Fuji Electric Co., Ltd
Qorvo

Global GaN and SiC Power Semiconductor Market: By Types
SiC Power Module
GaN Power Module
Discrete SiC
Discrete GaN

Global GaN and SiC Power Semiconductor Market: By Applications
5g Infrastructure
RF Device
Power Electronics
Others

Global GaN and SiC Power Semiconductor Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global GaN and SiC Power Semiconductor market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Reasons to Purchase the GaN and SiC Power Semiconductor Market Report:

The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period

Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.

Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.

The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

Key Questions Answered in the Report:

What will be the expected revenue growth of the GaN and SiC Power Semiconductor Market?

What key factors are expected to drive revenue growth of the market?

What are the key drivers, restraints, opportunities, threats, and challenges the market will face in the coming years?

Which segment and region are expected to account for largest share in the market in the forecast period?

Which companies are operating in the GaN and SiC Power Semiconductor Market?

What are the key outcomes of SWOT analysis and Porter's Five Forces analysis?

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