Global SiC & GaN Power Semiconductor Market Rising Demand Leads to Sustained Growth during the Period 2017-2026

Silicon Carbide (SiC) and Gallium Nitride (GaN) are vital sources to power semiconductor devices that are used in mobile devices and electric cars. SiC have been used for a long time, however, GaN has recently emerged in the market offering similar performance benefits to SiC but with reduced cost. Hence, the adoption of GaN is increasing as compared to SiC as it offers both price and performance benefits. This report, compiled by Fact.MR, provides in-depth analysis of the global SiC & GaN power semiconductor market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.

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The report offers an overview of the global SiC & GaN power semiconductor market. This section includes definition of the product – SiC & GaN power semiconductor, along with insights on dynamics contributing towards growth of the market. The overview also throws light on year-on-year growth and market value defining the future progress and decline of the global SiC & GaN power semiconductor. Statistics on the year-on-year growth provides readers with a broader view on expected progress patterns reshaping growth over the forecast period.

In the succeeding section, the report offers insights on major trends, retrains and drivers from demand, supply and macro-economic perspectives. The report also focuses on impact analysis of key drivers and restraints that offers better decision-making insights to clients.

The report further provides the readers with information on the leading technology and advancements traced in the global SiC & GaN power semiconductor market. Up-to-date information and latest advancements regarding growth opportunities can benefit the leading manufacturers of SiC & GaN power semiconductor. With continuous evolution and advancements in technology, tracking the latest trends and developments is fundamental for SiC & GaN power semiconductor manufacturers to formulate key business strategies. Detailed insights regarding the supply chain, list of distributors, raw material sourcing, cost structure, and pricing analysis are provided in this section.

Highlights on Global SiC & GaN Power Semiconductor Market

1) 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.
2) 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.
3) 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.
4) 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.
5) 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.

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.

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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.

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