GaN and SiC Power Semiconductor Market
Global GaN and SiC Power Semiconductor Market Size, Share & Trends Analysis Report by Product (SiC Power Module, GaN Power Module, Discrete SiC, and Discrete GaN), By Application (Power Supplies, Industrial Motor Drives, Electric Vehicles, PV Inverters, and Others), and Forecast 2019-2025
The global GaN and SiC power semiconductor market is estimated to exhibit a CAGR of over 25% during the forecast period. In power electronics, Si-based power devices have proven to be efficient in a wide range of applications. However, for higher power and higher frequency applications, more power is required, thus technologically advanced SiC along with GaN power devices are being introduced as an alternative of Si-based power devices for high power and high-efficiency applications. These SiC and GaN possess numerous benefits including high-operating electric field, high-switching frequency, high-breakdown voltage, high operating temperature, and low losses.
The factors that drive the growth of the market include the rapid technological advancements and growth in the semiconductor industry. As these devices are widely utilized in power applications for charging infrastructure, rail traction, and renewable power, among others, the adoption of these devices provide growth opportunities to the market. Moreover, the rise in the need for power efficiency in industrial applications along with automotive electronics is further fuelling the adoption of semiconductor materials & technologies, hence contributing to the growth of the GaN and SiC Power semiconductor market. However, higher costs, high defect density, limited wafer size, and shortage are some of the factors that act as a challenge in the market.
Segmental Outlook
The global GaN and SiC Power semiconductor market is segmented on the basis of products and applications. Based on the product the market is segmented as SiC Power Module, GaN Power Module, Discrete SiC, and Discrete GaN. SiC power modules segment is estimated to exhibit a remarkable growth rate during the forecast period. Based on the applications, the market is segmented into power supplies, industrial motor drives, electric vehicles, PV inverters, and others.
Global GaN and SiC Power Semiconductor Market by Application, 2018 (%)
Power Supply Segment to Hold the Significant Share in the Market During the Forecast Period
Based on the applications of the global GaN and SiC Power semiconductor market, the power supply segment holds the most considerable share in the market, attributing to increased energy demands from several end-user industries. As GaN and SiC Power semiconductors deliver higher switching frequencies, these are utilized in various power applications in consumer electronics and industrial applications, which in turn fuels the demands of the market. Besides, the industrial motors segment also holds a considerable share. As these devices play a vital role in driving motors and switching the motors from high to low and vice versa speeds. This is expected to provide growth opportunities for the market during the forecast period.
Apart from this, the bipolar junction transistors, field-effect transistors, and other active switching devices are some of the other applications that require GaN and SiC power semiconductor devices. Moreover, wide bandgap semiconductor offers very high capabilities for critical electric fields, that enables the semiconductor manufacturing companies to design and engineer devices with minimum losses by using SiC and GaN materials, thus positively affecting the market growth.
Regional Outlook
Based on the geographical viewpoint, the global GaN and SiC Power semiconductor market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to hold a significant share in the global GaN and SiC Power semiconductor market. The growth of the region is attributed to the increased demand for power supply equipment for several industrial applications in emerging countries such as India and China. Further, the availability of raw materials and cheap labor in the region creates growth opportunities for the GaN and SiC Power semiconductor market in the region.
Global GaN and SiC Power Semiconductor Market, by Region 2018 (%)
Market Player Outlook
Some of the prominent players operating in the global GaN and SiC Power semiconductor market include AGC Group, NXP Semiconductors N.V., Mitsubishi Electric Corp., Infineon Technologies AG, STMicroelectronics N.V., and Fuji Electric Co. Ltd., among others. These are the key companies adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment. For instance, in May 2018, Infineon Technologies AG announced the launch of 1200 V CoolSiC MOSFET devices. These devices are rated from 30 m? to 350 m? and implemented into TO247-3 and TO247-4 housings. This introduction of new devices will lead to increased demand for energy-efficient SiC solutions including battery charging infrastructure, energy storage solutions, among others.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global GaN and SiC Power semiconductor market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. NXP Semiconductors N.V.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Mitsubishi Electric Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Infineon Technologies AG
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. STMicroelectronics N.V.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Fuji Electric Co. Ltd.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global GaN and SiC Power Semiconductor Market by Product
5.1.1. SiC Power Module
5.1.2. GaN Power Module
5.1.3. Discrete SiC
5.1.4. Discrete GaN
5.2. Global GaN and SiC Power Semiconductor Market by Application
5.2.1. Power Supplies
5.2.2. Industrial Motor Drives
5.2.3. Electric Vehicles
5.2.4. PV Inverters
5.2.5. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AGC Group
7.2. Alpha and Omega Semiconductor
7.3. Daco Semiconductor Co. Ltd.
7.4. Epiluvac AB
7.5. Fuji Electric Co. Ltd.
7.6. GeneSiC Semiconductor Inc.
7.7. Global Power Technologies Group, Inc.
7.8. Infineon Technologies AG
7.9. IQE PLC
7.10. Littelfuse Inc.
7.11. Microsemi Corp.
7.12. Mitsubishi Electric Corp.
7.13. NXP Semiconductors N.V
7.14. Renesas Electronics Corp.
7.15. ROHM Co. Ltd.
7.16. Saint-Gobain Group
7.17. Sanken Electric Co. Ltd.
7.18. STMicroelectronics N.V.
7.19. Sublime Technologies
7.20. SweGaN AB
7.21. Transphorm Inc.
7.22. WeEn Semiconductors Co. Ltd.
7.23. Wolfspeed, a Cree Company
1. GLOBAL GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
2. GLOBAL SIC POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL GAN POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL DISCRETE SIC MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL DISCRETE GAN MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
7. GLOBAL GAN AND SIC POWER SEMICONDUCTOR FOR POWER SUPPLIES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL GAN AND SIC POWER SEMICONDUCTOR FOR INDUSTRIAL MOTOR DRIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL GAN AND SIC POWER SEMICONDUCTOR FOR ELECTRIC VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL GAN AND SIC POWER SEMICONDUCTOR FOR PV INVERTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL GAN AND SIC POWER SEMICONDUCTOR FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
13. NORTH AMERICAN GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
15. NORTH AMERICAN GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
16. EUROPEAN GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
17. EUROPEAN GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
18. EUROPEAN GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
19. ASIA-PACIFIC GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
20. ASIA-PACIFIC GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
22. REST OF THE WORLD GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
23. REST OF THE WORLD GAN AND SIC POWER SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. GLOBAL GAN AND SIC POWER SEMICONDUCTOR MARKET SHARE BY PRODUCT, 2018 VS 2025 (%)
2. GLOBAL GAN AND SIC POWER SEMICONDUCTOR MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL GAN AND SIC POWER SEMICONDUCTOR MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
4. US GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
5. CANADA GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
6. UK GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
7. FRANCE GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
8. GERMANY GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
9. ITALY GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
10. SPAIN GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
11. ROE GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
12. INDIA GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
13. CHINA GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
14. JAPAN GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
15. REST OF ASIA-PACIFIC GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF THE WORLD GAN AND SIC POWER SEMICONDUCTOR MARKET SIZE, 2018-2025 ($ MILLION)
