GaN And SiC Power Semiconductor Market 2023 : Trends, Business Growth And Major Driving Factors | NXP Semiconductors N.V., Alpha & Omega Semiconductor Limited (AOS), Fuji Electric Systems Co. Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

GaN And SiC Power Semiconductor Market Size, Growth Rate, And Forecast
The global GaN and SiC power semiconductor market size is expected to grow from $0.98 billion in 2022 to $1.18 billion in 2023 at a compound annual growth rate (CAGR) of 20.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global GaN and SiC power semiconductor market size is expected to grow to $2.45 billion in 2027 at a CAGR of 20.1%.

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GaN And SiC Power Semiconductor Market Drivers
The rising penetration of electric vehicles is expected to propel the growth of the GaN and SiC power semiconductor market going forward. An electric vehicle refers to a vehicle that has an electric motor that takes power from a battery and can be charged externally. Gallium nitride power semiconductors are used in electric vehicles for high-efficiency power transistors and integrated circuits. SiC power semiconductors provide a number of advantages over silicon, including 10x the breakdown electric field strength, and 3x the band gap in electric vehicles.

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GaN And SiC Power Semiconductor Market Segments
1) By Product: SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN
2) By Application: Power Supplies, Industry Motor Drives, Hybrid/Electric Vehicles (H/EVs), Photovoltaic Inverters, Traction, Other Applications
3) By Distribution channel: Direct, Indirect

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the GaN And SiC Power Semiconductor market.

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GaN And SiC Power Semiconductor Market Key Players
Major players in the gan and sic power semiconductor market are NXP Semiconductors N.V., Alpha & Omega Semiconductor Limited (AOS), Fuji Electric Systems Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics N.V., Transphorm Inc., GeneSiC Semiconductor Inc., Wolfspeed Inc., VisIC Technologies Ltd., Panasonic Holdings Corporation, GaN Systems Inc., SEMIKRON International GmbH., Sanken Electric Co. Ltd., Epiluvac AB, IQE Plc., SweGaN AB, and Compagnie de Saint-Gobain S.A.

The Business Research Company's "Global GaN And SiC Power Semiconductor Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The GaN And SiC Power Semiconductor Market Include:
1. Executive Summary
2. GaN And SiC Power Semiconductor Market Characteristics
3. GaN And SiC Power Semiconductor Market Trends And Strategies
4. GaN And SiC Power Semiconductor Market - Macro Economic Scenario
5. GaN And SiC Power Semiconductor Market Size And Growth
……
27. GaN And SiC Power Semiconductor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The GaN And SiC Power Semiconductor Market
29. GaN And SiC Power Semiconductor Market Future Outlook and Potential Analysis
30. Appendix

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