Global GaN and SiC Power Semiconductor Market, By Product (Sic Power Module, GaN Power Module, Discrete SiC, Dicrete GaN), Application (Power Supplies, Industrial Motor Drives, H/EV, PV Inverters, Traction, Others) - Industry Trends and Forecast to 2031.
GaN and SiC Power Semiconductor Market Analysis and Size
The rise in the growth in the semiconductor industry is a crucial factor accelerating the market growth. Also, the increase in the popularity of electric vehicles, the increase in the adoption of 5G technology, the rise in the investment in infrastructure development, the rise in the research and development in wide band gap semiconductors (WBG), rise in the use of power devices in renewable energy applications and rise in the growth of hybrid and electric vehicles market are the major factors among others boosting the GaN and SiC power semiconductor market.
Data Bridge Market Research analyzes that the global GaN and SiC power semiconductor market was valued at USD 596.06 million in 2023 and is expected to reach USD 3706.45 million in 2031, registering a CAGR of 30.05% during the forecast period of 2023-2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
GaN and SiC Power Semiconductor Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2024 to 2031 |
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Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD million, Volumes in Units, Pricing in USD |
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Segments Covered |
By Product (Sic Power Module, GaN Power Module, Discrete SiC, Dicrete GaN), Application (Power Supplies, Industrial Motor Drives, H/EV, PV Inverters, Traction, Others) |
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Countries Covered |
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of the Middle East & Africa |
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Market Players Covered |
Alpha and Omega Semiconductor (U.S.), Fuji Electric Co., Ltd (Japan), Infineon Technologies AG (Germany), Littelfuse, Inc. (U.S.), Microsemi (U.S.), Mitsubishi Electric Corporation (Japan), Renesas Electronics Corporation (Japan), ROHM SEMICONDUCTOR (Japan), SANKEN ELECTRIC CO., LTD. (Japan), STMicroelectronics (Switzerland/France), Epiluvac (Sweden), IQE PLC (U.K), Transphorm Inc. (U.S.), SweGaN (Sweden), Saint-Gobain (France), GeneSiC Semiconductor Inc. (U.S.), Sublime Technologies (U.S.), Global Power Technologies Group (U.S.), DACO SEMICONDUCTOR CO., LTD. (Taiwan), AGC Inc. (Japan), Dow (U.S.), WeEn Semiconductors (China) |
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Market Opportunities |
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Market Definition
GaN is defined as a material that are mainly used for the development of different semiconductor power devices, light emitting diodes and RF components. SiC or silicon carbide is a semiconductor which is made from silicon and carbide. These GaN and SiC power semiconductor are wide used in applications such as traction, industrial motor devices, PV inverters, power supplies and others.
Global GaN and SiC Power Semiconductor Market Dynamics
Drivers
- Energy Efficiency and Renewable Energy
GaN and SiC power semiconductors are known for their high energy efficiency and reduced power losses, making them crucial components in renewable energy systems such as solar inverters and wind power converters. With the growing focus on clean energy, the demand for GaN and SiC power semiconductors is increasing to enable more efficient and sustainable energy generation.
- Electric Vehicles (EVs)
The automotive industry is rapidly shifting toward electric vehicles to reduce emissions and dependence on fossil fuels. GaN and SiC power semiconductors are being used in EVs to enhance power conversion efficiency, reduce charging times, and extend the driving range. As the EV market continues to expand, the demand for these semiconductors is expected to rise.
Opportunities
- 5G and IoT Expansion
The deployment of 5G networks and the growth of the Internet of Things (IoT) have created opportunities for GaN and SiC power semiconductors. These semiconductors are well-suited for high-frequency, high-power applications, making them essential for the development of 5G infrastructure and advanced IoT devices.
- Military and Aerospace Applications
GaN and SiC power semiconductors are increasingly used in military and aerospace applications due to their high-power handling capabilities, reliability, and resilience to harsh environments. The ongoing modernization of defense systems and the expansion of space exploration projects present significant growth opportunities for these semiconductors.
Challenges/ Restraint
- High Manufacturing Costs
GaN and SiC power semiconductor devices are more expensive to manufacture compared to traditional silicon-based counterparts. This cost disparity can pose a challenge for widespread adoption, especially in price-sensitive markets like consumer electronics.
- Supply Chain and Material Availability
GaN and SiC materials are relatively new in the semiconductor industry, and there may be challenges related to the availability of high-quality materials and a well-established supply chain. This can impact production and lead times, potentially delaying product development and deployment.
Recent Developments
- In June 2023, Qorvo, Inc. announced the launch of QPB3810, a GaN-based power amplifier. It has integrated bias control for 5G massive multiple-input multiple-output (mMIMO) applications
- In March 2023, Infineon Technologies announced the plan to acquire GaN Systems for USD 830 million. This acquisition will strengthen the GaN portfolio and its position in the power system market
- In April 2022, ROHM Semiconductor and Delta Electronics collaborated to combine their technology and manufacturing expertise for the mass production of GaN-based power devices. This power system development initiative will enable the company to establish a strong presence in the global market
Global GaN and SiC Power Semiconductor Market Scope
The GaN and SiC power semiconductor market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Sic Power Module
- GaN Power Module
- Discrete SiC
- Dicrete GaN
Application
- Power Supplies
- Industrial Motor Drives
- H/EV
- PV Inverters
- Traction
- Others
GaN and SiC Power Semiconductor Market Country Analysis/Insights
The GaN and SiC power semiconductor market is analyzed and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.
North America is expected to dominate the market due to increase in the popularity of electric vehicles, increase in the adoption of 5G technology and rise in the investment of infrastructure development.
North America is expected to the fastest-growing region in the market due to escalating demand for electric vehicles, renewable energy systems, and industrial applications.
The country section of the GaN and SiC power semiconductor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data..
Competitive Landscape and Market Share Analysis
The GaN and SiC power semiconductor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to GaN and SiC power semiconductor market.
Some of the major players operating in GaN and SiC power semiconductor market are:
- Alpha and Omega Semiconductor (U.S.)
- Fuji Electric Co., Ltd (Japan)
- Infineon Technologies AG (Germany)
- Littelfuse, Inc. (U.S.)
- Microsemi (U.S.)
- Mitsubishi Electric Corporation (Japan)
- Renesas Electronics Corporation (Japan)
- ROHM SEMICONDUCTOR (Japan)
- SANKEN ELECTRIC CO., LTD. (Japan)
- STMicroelectronics (Switzerland/France)
- Epiluvac (Sweden)
- IQE PLC (U.K)
- Transphorm Inc. (U.S.)
- SweGaN (Sweden)
- Saint-Gobain (France)
- GeneSiC Semiconductor Inc. (U.S.)
- Sublime Technologies (U.S.)
- Global Power Technologies Group (U.S.)
- DACO SEMICONDUCTOR CO., LTD. (Taiwan)
- AGC Inc. (Japan)
- Dow (U.S.)
- WeEn Semiconductors (China)
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