
The global SiC and GaN Power Semiconductor market size was valued at US$ 860.9 million in 2023. With growing demand in downstream market, the SiC and GaN Power Semiconductor is forecast to a readjusted size of US$ 2634.2 million by 2030 with a CAGR of 17.3% during review period.
The research report highlights the growth potential of the global SiC and GaN Power Semiconductor market. SiC and GaN Power Semiconductor are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of SiC and GaN Power Semiconductor. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the SiC and GaN Power Semiconductor market.
Silicon carbide (SiC) and gallium nitride (GaN) are two leading-edge semiconductor materials with key benefits including higher voltage operation, wider temperature ranges and increased switching frequencies when compared to existing silicon (Si) technology. The solid benefits that SiC and GaN deliver include significant efficiency gains through miniaturization advancements, decreased cooling requirements and lower overall system costs by as much as 10-20% over traditional Si materials.A power semiconductor device is a semiconductor device used as a switch or rectifier in power electronics (for example in a switch-mode power supply). Such a device is also called a power device or, when used in an integrated circuit, a power IC.
According to our Semiconductor Research Center, in 2022, the global SiC wafer was valued at US$ 750 million, will grow rapidly in next six years, driven by the strong demand from electric vehicle (EV). Currently the 6 inch SiC substrates are dominating this market, and in next six years, more players will put into production the 8 inch SiC wafers. Currently the key players of SiC are mainly located headquartered United States, Europe, Japan and China, especially in China, more companies are entering the SiC market. It is predicted that, Chinese companies will play key roles in the SiC market in next ten years.
Key Features:
The report on SiC and GaN Power Semiconductor market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the SiC and GaN Power Semiconductor market. It may include historical data, market segmentation by Type (e.g., SiC, GaN), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the SiC and GaN Power Semiconductor market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the SiC and GaN Power Semiconductor market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the SiC and GaN Power Semiconductor industry. This include advancements in SiC and GaN Power Semiconductor technology, SiC and GaN Power Semiconductor new entrants, SiC and GaN Power Semiconductor new investment, and other innovations that are shaping the future of SiC and GaN Power Semiconductor.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the SiC and GaN Power Semiconductor market. It includes factors influencing customer ' purchasing decisions, preferences for SiC and GaN Power Semiconductor product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the SiC and GaN Power Semiconductor market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting SiC and GaN Power Semiconductor market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the SiC and GaN Power Semiconductor market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the SiC and GaN Power Semiconductor industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the SiC and GaN Power Semiconductor market.
Market Segmentation:
SiC and GaN Power Semiconductor market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
SiC
GaN
Segmentation by application
IT & Telecom
Aerospace & Defense
Energy & Power
Electronics
Automotive
Healthcare
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Infineon
CREE (Wolfspeed)
Roma Semiconductor Group
STMicroelectronics
ON Semiconductor
Mitsubishi Electric
Fuji Electric
Littelfuse
Global Power Technology Co., Ltd.
Shenzhen Basic Semiconductor Co., Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global SiC and GaN Power Semiconductor market?
What factors are driving SiC and GaN Power Semiconductor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SiC and GaN Power Semiconductor market opportunities vary by end market size?
How does SiC and GaN Power Semiconductor break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global SiC and GaN Power Semiconductor Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for SiC and GaN Power Semiconductor by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for SiC and GaN Power Semiconductor by Country/Region, 2019, 2023 & 2030
2.2 SiC and GaN Power Semiconductor Segment by Type
2.2.1 SiC
2.2.2 GaN
2.3 SiC and GaN Power Semiconductor Sales by Type
2.3.1 Global SiC and GaN Power Semiconductor Sales Market Share by Type (2019-2024)
2.3.2 Global SiC and GaN Power Semiconductor Revenue and Market Share by Type (2019-2024)
2.3.3 Global SiC and GaN Power Semiconductor Sale Price by Type (2019-2024)
2.4 SiC and GaN Power Semiconductor Segment by Application
2.4.1 IT & Telecom
2.4.2 Aerospace & Defense
2.4.3 Energy & Power
2.4.4 Electronics
2.4.5 Automotive
2.4.6 Healthcare
2.4.7 Others
2.5 SiC and GaN Power Semiconductor Sales by Application
2.5.1 Global SiC and GaN Power Semiconductor Sale Market Share by Application (2019-2024)
2.5.2 Global SiC and GaN Power Semiconductor Revenue and Market Share by Application (2019-2024)
2.5.3 Global SiC and GaN Power Semiconductor Sale Price by Application (2019-2024)
3 Global SiC and GaN Power Semiconductor by Company
3.1 Global SiC and GaN Power Semiconductor Breakdown Data by Company
3.1.1 Global SiC and GaN Power Semiconductor Annual Sales by Company (2019-2024)
3.1.2 Global SiC and GaN Power Semiconductor Sales Market Share by Company (2019-2024)
3.2 Global SiC and GaN Power Semiconductor Annual Revenue by Company (2019-2024)
3.2.1 Global SiC and GaN Power Semiconductor Revenue by Company (2019-2024)
3.2.2 Global SiC and GaN Power Semiconductor Revenue Market Share by Company (2019-2024)
3.3 Global SiC and GaN Power Semiconductor Sale Price by Company
3.4 Key Manufacturers SiC and GaN Power Semiconductor Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers SiC and GaN Power Semiconductor Product Location Distribution
3.4.2 Players SiC and GaN Power Semiconductor Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for SiC and GaN Power Semiconductor by Geographic Region
4.1 World Historic SiC and GaN Power Semiconductor Market Size by Geographic Region (2019-2024)
4.1.1 Global SiC and GaN Power Semiconductor Annual Sales by Geographic Region (2019-2024)
4.1.2 Global SiC and GaN Power Semiconductor Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic SiC and GaN Power Semiconductor Market Size by Country/Region (2019-2024)
4.2.1 Global SiC and GaN Power Semiconductor Annual Sales by Country/Region (2019-2024)
4.2.2 Global SiC and GaN Power Semiconductor Annual Revenue by Country/Region (2019-2024)
4.3 Americas SiC and GaN Power Semiconductor Sales Growth
4.4 APAC SiC and GaN Power Semiconductor Sales Growth
4.5 Europe SiC and GaN Power Semiconductor Sales Growth
4.6 Middle East & Africa SiC and GaN Power Semiconductor Sales Growth
5 Americas
5.1 Americas SiC and GaN Power Semiconductor Sales by Country
5.1.1 Americas SiC and GaN Power Semiconductor Sales by Country (2019-2024)
5.1.2 Americas SiC and GaN Power Semiconductor Revenue by Country (2019-2024)
5.2 Americas SiC and GaN Power Semiconductor Sales by Type
5.3 Americas SiC and GaN Power Semiconductor Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC SiC and GaN Power Semiconductor Sales by Region
6.1.1 APAC SiC and GaN Power Semiconductor Sales by Region (2019-2024)
6.1.2 APAC SiC and GaN Power Semiconductor Revenue by Region (2019-2024)
6.2 APAC SiC and GaN Power Semiconductor Sales by Type
6.3 APAC SiC and GaN Power Semiconductor Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe SiC and GaN Power Semiconductor by Country
7.1.1 Europe SiC and GaN Power Semiconductor Sales by Country (2019-2024)
7.1.2 Europe SiC and GaN Power Semiconductor Revenue by Country (2019-2024)
7.2 Europe SiC and GaN Power Semiconductor Sales by Type
7.3 Europe SiC and GaN Power Semiconductor Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa SiC and GaN Power Semiconductor by Country
8.1.1 Middle East & Africa SiC and GaN Power Semiconductor Sales by Country (2019-2024)
8.1.2 Middle East & Africa SiC and GaN Power Semiconductor Revenue by Country (2019-2024)
8.2 Middle East & Africa SiC and GaN Power Semiconductor Sales by Type
8.3 Middle East & Africa SiC and GaN Power Semiconductor Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of SiC and GaN Power Semiconductor
10.3 Manufacturing Process Analysis of SiC and GaN Power Semiconductor
10.4 Industry Chain Structure of SiC and GaN Power Semiconductor
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 SiC and GaN Power Semiconductor Distributors
11.3 SiC and GaN Power Semiconductor Customer
12 World Forecast Review for SiC and GaN Power Semiconductor by Geographic Region
12.1 Global SiC and GaN Power Semiconductor Market Size Forecast by Region
12.1.1 Global SiC and GaN Power Semiconductor Forecast by Region (2025-2030)
12.1.2 Global SiC and GaN Power Semiconductor Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global SiC and GaN Power Semiconductor Forecast by Type
12.7 Global SiC and GaN Power Semiconductor Forecast by Application
13 Key Players Analysis
13.1 Infineon
13.1.1 Infineon Company Information
13.1.2 Infineon SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.1.3 Infineon SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Infineon Main Business Overview
13.1.5 Infineon Latest Developments
13.2 CREE (Wolfspeed)
13.2.1 CREE (Wolfspeed) Company Information
13.2.2 CREE (Wolfspeed) SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.2.3 CREE (Wolfspeed) SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 CREE (Wolfspeed) Main Business Overview
13.2.5 CREE (Wolfspeed) Latest Developments
13.3 Roma Semiconductor Group
13.3.1 Roma Semiconductor Group Company Information
13.3.2 Roma Semiconductor Group SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.3.3 Roma Semiconductor Group SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Roma Semiconductor Group Main Business Overview
13.3.5 Roma Semiconductor Group Latest Developments
13.4 STMicroelectronics
13.4.1 STMicroelectronics Company Information
13.4.2 STMicroelectronics SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.4.3 STMicroelectronics SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 STMicroelectronics Main Business Overview
13.4.5 STMicroelectronics Latest Developments
13.5 ON Semiconductor
13.5.1 ON Semiconductor Company Information
13.5.2 ON Semiconductor SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.5.3 ON Semiconductor SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 ON Semiconductor Main Business Overview
13.5.5 ON Semiconductor Latest Developments
13.6 Mitsubishi Electric
13.6.1 Mitsubishi Electric Company Information
13.6.2 Mitsubishi Electric SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.6.3 Mitsubishi Electric SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Mitsubishi Electric Main Business Overview
13.6.5 Mitsubishi Electric Latest Developments
13.7 Fuji Electric
13.7.1 Fuji Electric Company Information
13.7.2 Fuji Electric SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.7.3 Fuji Electric SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Fuji Electric Main Business Overview
13.7.5 Fuji Electric Latest Developments
13.8 Littelfuse
13.8.1 Littelfuse Company Information
13.8.2 Littelfuse SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.8.3 Littelfuse SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Littelfuse Main Business Overview
13.8.5 Littelfuse Latest Developments
13.9 Global Power Technology Co., Ltd.
13.9.1 Global Power Technology Co., Ltd. Company Information
13.9.2 Global Power Technology Co., Ltd. SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.9.3 Global Power Technology Co., Ltd. SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Global Power Technology Co., Ltd. Main Business Overview
13.9.5 Global Power Technology Co., Ltd. Latest Developments
13.10 Shenzhen Basic Semiconductor Co., Ltd.
13.10.1 Shenzhen Basic Semiconductor Co., Ltd. Company Information
13.10.2 Shenzhen Basic Semiconductor Co., Ltd. SiC and GaN Power Semiconductor Product Portfolios and Specifications
13.10.3 Shenzhen Basic Semiconductor Co., Ltd. SiC and GaN Power Semiconductor Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Shenzhen Basic Semiconductor Co., Ltd. Main Business Overview
13.10.5 Shenzhen Basic Semiconductor Co., Ltd. Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
