Report Content
Chapter 1 Methodology & Scope
1.1 Scope and definition
1.2 Methodology & forecast parameters
1.3 COVID-19 impact
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Data Sources
1.4.1 Secondary
1.4.1.1 Paid sources
1.4.1.2 Public sources
1.4.2 Primary
1.5 Industry Glossary
Chapter 2 Executive Summary
2.1 GaN & SiC power semiconductor industry 3600 snapshots, 2018-2032
2.2 Business trends
2.2.1 TAM, 2023 - 2032
2.3 Regional trends
2.4 Product trends
2.5 Application trends
Chapter 3 GaN & SiC Power Semiconductor Industry Insights
3.1 Introduction
3.2 COVID-19 impact
3.2.1 Global impact
3.2.2 Impact by region
3.2.2.1 North America
3.2.2.2 Europe
3.2.2.3 Asia Pacific
3.2.2.4 Latin America
3.2.2.5 MEA
3.2.3 Impact by value chain
3.2.3.1 Research & development
3.2.3.2 Manufacturing
3.2.3.3 Marketing
3.2.3.4 Supply
3.2.4 Impact by competitive landscape
3.2.4.1 Strategy
3.2.4.2 Distribution network
3.2.4.3 Business growth
3.3 Russia-Ukraine war impact
3.4 GaN & SiC power semiconductor industry ecosystem analysis
3.4.1 Raw material suppliers
3.4.2 Manufacturers
3.4.3 Distribution channel analysis
3.4.4 Applications
3.4.5 Vendor matrix
3.4.5.1 Raw material suppliers
3.4.5.2 Manufacturers
3.4.5.3 Distribution channel analysis
3.4.5.4 Applications
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent landscape
3.8 Key initiative & news
3.9 Regulatory landscape
3.9.1 International
3.9.2 North America
3.9.3 Europe
3.9.4 Asia Pacific
3.9.5 Latin America
3.9.6 MEA
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Stronger capabilities of SiC and GaN over Silicon
3.10.1.2 Rising penitration of hybrid and electric vehicles across globally
3.10.1.3 High adoption of power device in renewable energy applications
3.10.1.4 Rising investment in research and development for Wide Band Gap Semiconductors
3.10.1.5 Surge in the investment for infrastructure development and proliferation of 5G technology
3.10.2 Industry pitfalls & challenges
3.10.2.1 High use of conventional silicon materials for manufacturing
3.10.2.2 High cost of manufacturing
3.11 Investment portfolio
3.12 Growth potential analysis
3.13 Porter’s analysis
3.13.1 Threat of new entrant
3.13.2 Bargaining power of supplier
3.13.3 Bargaining power of buyer
3.13.4 Threat of substitution
3.13.5 Competitive rivalry
3.14 PESTEL analysis
3.14.1 Political
3.14.2 Economical
3.14.3 Social
3.14.4 Technological
3.14.5 Legal
3.14.6 Environmental
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Completive analysis of key market players, 2022
4.3.1 Infineon Technologies AG
4.3.2 ON Semiconductor Corporation
4.3.3 STMicroelectronics N.V.
4.3.4 ROHM CO., LTD.
4.3.5 Mitsubishi Electric Corporation
4.3.6 Wolfspeed
4.3.7 Renesas Electronics Corporation
4.4 Completive analysis of innovative players, 2022
4.4.1 Fuji Electric Co., Ltd.
4.4.2 Microsemi Corporation
4.4.3 Nexperia
4.4.4 Toshiba Electronic Devices & Storage Corporation
4.4.5 Alpha & Omega Semiconductor
4.5 Vendor adoption matrix
4.6 Strategic outlook matrix
Chapter 5 GaN & SiC Power Semiconductor Market, By Product
5.1 Key trends, by product
5.2 SiC power module
5.2.1 Market estimates and forecast, 2018-2032
5.3 GaN power module
5.3.1 Market estimates and forecast, 2018-2032
5.4 Discrete SiC
5.4.1 Market estimates and forecast, 2018-2032
5.5 Discrete GaN
5.5.1 Market estimates and forecast, 2018-2032
Chapter 6 GaN & SiC Power Semiconductor Market, By Application
6.1 Key trends, by application
6.2 Power supplies
6.2.1 Market estimates and forecast, 2018-2032
6.3 Industrial motor drives
6.3.1 Market estimates and forecast, 2018-2032
6.4 Hybrid/Electric Vehicles (H/EVs)
6.4.1 Market estimates and forecast, 2018-2032
6.5 Photovoltaic inverters
6.5.1 Market estimates and forecast, 2018-2032
6.6 Traction
6.6.1 Market estimates and forecast, 2018-2032
6.7 Others
6.7.1 Market estimates and forecast, 2018-2032
Chapter 7 GaN & SiC Power Semiconductor Market, By Region
7.1 Key trends, by region
7.2 North America
7.2.1 Market estimates and forecast, 2018-2032
7.2.2 Market estimates and forecast, by product, 2018-2032
7.2.3 Market estimates and forecast, by application, 2018-2032
7.2.4 U.S.
7.2.4.1 Market estimates and forecast, 2018-2032
7.2.4.2 Market estimates and forecast, by product, 2018-2032
7.2.4.3 Market estimates and forecast, by application, 2018-2032
7.2.5 Canada
7.2.5.1 Market estimates and forecast, 2018-2032
7.2.5.2 Market estimates and forecast, by product, 2018-2032
7.2.5.3 Market estimates and forecast, by application, 2018-2032
7.3 Europe
7.3.1 Market estimates and forecast, 2018-2032
7.3.2 Market estimates and forecast, by product, 2018-2032
7.3.3 Market estimates and forecast, by application, 2018-2032
7.3.4 UK
7.3.4.1 Market estimates and forecast, 2018-2032
7.3.4.2 Market estimates and forecast, by product, 2018-2032
7.3.4.3 Market estimates and forecast, by application, 2018-2032
7.3.5 Germany
7.3.5.1 Market estimates and forecast, 2018-2032
7.3.5.2 Market estimates and forecast, by product, 2018-2032
7.3.5.3 Market estimates and forecast, by application, 2018-2032
7.3.6 France
7.3.6.1 Market estimates and forecast, 2018-2032
7.3.6.2 Market estimates and forecast, by product, 2018-2032
7.3.6.3 Market estimates and forecast, by application, 2018-2032
7.3.7 Italy
7.3.7.1 Market estimates and forecast, 2018-2032
7.3.7.2 Market estimates and forecast, by product, 2018-2032
7.3.7.3 Market estimates and forecast, by application, 2018-2032
7.3.8 Spain
7.3.8.1 Market estimates and forecast, 2018-2032
7.3.8.2 Market estimates and forecast, by product, 2018-2032
7.3.8.3 Market estimates and forecast, by application, 2018-2032
7.3.9 Russia
7.3.9.1 Market estimates and forecast, 2018-2032
7.3.9.2 Market estimates and forecast, by product, 2018-2032
7.3.9.3 Market estimates and forecast, by application, 2018-2032
7.4 Asia Pacific
7.4.1 Market estimates and forecast, 2018-2032
7.4.2 Market estimates and forecast, by product, 2018-2032
7.4.3 Market estimates and forecast, by application, 2018-2032
7.4.4 China
7.4.4.1 Market estimates and forecast, 2018-2032
7.4.4.2 Market estimates and forecast, by product, 2018-2032
7.4.4.3 Market estimates and forecast, by application, 2018-2032
7.4.5 India
7.4.5.1 Market estimates and forecast, 2018-2032
7.4.5.2 Market estimates and forecast, by product, 2018-2032
7.4.5.3 Market estimates and forecast, by application, 2018-2032
7.4.6 Japan
7.4.6.1 Market estimates and forecast, 2018-2032
7.4.6.2 Market estimates and forecast, by product, 2018-2032
7.4.6.3 Market estimates and forecast, by application, 2018-2032
7.4.7 South Korea
7.4.7.1 Market estimates and forecast, 2018-2032
7.4.7.2 Market estimates and forecast, by product, 2018-2032
7.4.7.3 Market estimates and forecast, by application, 2018-2032
7.4.8 Taiwan
7.4.8.1 Market estimates and forecast, 2018-2032
7.4.8.2 Market estimates and forecast, by product, 2018-2032
7.4.8.3 Market estimates and forecast, by application, 2018-2032
7.5 Latin America
7.5.1 Market estimates and forecast, 2018-2032
7.5.2 Market estimates and forecast, by product, 2018-2032
7.5.3 Market estimates and forecast, by application, 2018-2032
7.5.4 Brazil
7.5.4.1 Market estimates and forecast, 2018-2032
7.5.4.2 Market estimates and forecast, by product, 2018-2032
7.5.4.3 Market estimates and forecast, by application, 2018-2032
7.5.5 Mexico
7.5.5.1 Market estimates and forecast, 2018-2032
7.5.5.2 Market estimates and forecast, by product, 2018-2032
7.5.5.3 Market estimates and forecast, by application, 2018-2032
7.6 MEA
7.6.1 Market estimates and forecast, 2018-2032
7.6.2 Market estimates and forecast, by product, 2018-2032
7.6.3 Market estimates and forecast, by application, 2018-2032
Chapter 8 Company Profiles
8.1 Alpha & Omega Semiconductor
8.1.1 Business Overview
8.1.2 Financial Data
8.1.3 Product Landscape
8.1.4 Strategic Outlook
8.1.5 SWOT Analysis
8.2 CISSOID
8.2.1 Business Overview
8.2.2 Financial Data
8.2.3 Product Landscape
8.2.4 Strategic Outlook
8.2.5 SWOT Analysis
8.3 Diodes Incorporated
8.3.1 Business Overview
8.3.2 Financial Data
8.3.3 Product Landscape
8.3.4 Strategic Outlook
8.3.5 SWOT Analysis
8.4 Fuji Electric Co., Ltd.
8.4.1 Business Overview
8.4.2 Financial Data
8.4.3 Product Landscape
8.4.4 Strategic Outlook
8.4.5 SWOT Analysis
8.5 Infineon Technologies AG
8.5.1 Business Overview
8.5.2 Financial Data
8.5.3 Product Landscape
8.5.4 Strategic Outlook
8.5.5 SWOT Analysis
8.6 Littlefuse, Inc.
8.6.1 Business Overview
8.6.2 Financial Data
8.6.3 Product Landscape
8.6.4 Strategic Outlook
8.6.5 SWOT Analysis
8.7 Microsemi Corporation
8.7.1 Business Overview
8.7.2 Financial Data
8.7.3 Product Landscape
8.7.4 Strategic Outlook
8.7.5 SWOT Analysis
8.8 Mitsubishi Electric Corporation
8.8.1 Business Overview
8.8.2 Financial Data
8.8.3 Product Landscape
8.8.4 Strategic Outlook
8.8.5 SWOT Analysis
8.9 Nexperia
8.9.1 Business Overview
8.9.2 Financial Data
8.9.3 Product Landscape
8.9.4 Strategic Outlook
8.9.5 SWOT Analysis
8.10 ON Semiconductor Corporation
8.10.1 Business Overview
8.10.2 Financial Data
8.10.3 Product Landscape
8.10.4 Strategic Outlook
8.10.5 SWOT Analysis
8.11 Renesas Electronic Corporation
8.11.1 Business Overview
8.11.2 Financial Data
8.11.3 Product Landscape
8.11.4 Strategic Outlook
8.11.5 SWOT Analysis
8.12 ROHM Co.,Ltd.
8.12.1 Business Overview
8.12.2 Financial Data
8.12.3 Product Landscape
8.12.4 Strategic Outlook
8.12.5 SWOT Analysis
8.13 SEMIKRON
8.13.1 Business Overview
8.13.2 Financial Data
8.13.3 Product Landscape
8.13.4 Strategic Outlook
8.13.5 SWOT Analysis
8.14 Sensitron Semiconductor
8.14.1 Business Overview
8.14.2 Financial Data
8.14.3 Product Landscape
8.14.4 Strategic Outlook
8.14.5 SWOT Analysis
8.15 STMicroelectronics N.V.
8.15.1 Business Overview
8.15.2 Financial Data
8.15.3 Product Landscape
8.15.4 Strategic Outlook
8.15.5 SWOT Analysis
8.16 TOSHIBA ELECTRONICS DEVICES & STORAGE CORPORATION
8.16.1 Business Overview
8.16.2 Financial Data
8.16.3 Product Landscape
8.16.4 Strategic Outlook
8.16.5 SWOT Analysis
8.17 Vishay Intertechnology
8.17.1 Business Overview
8.17.2 Financial Data
8.17.3 Product Landscape
8.17.4 Strategic Outlook
8.17.5 SWOT Analysis
8.18 Wolfspeed
8.18.1 Business Overview
8.18.2 Financial Data
8.18.3 Product Landscape
8.18.4 Strategic Outlook
8.18.5 SWOT Analysis
GaN & SiC Power Semiconductor Market Size
GaN & SiC Power Semiconductor Market size surpassed USD 1 billion in 2022 and is poised to depict 25% CAGR from 2023 to 2032. The rapid advancements in robotics and automation in industrial applications will further boost the industry growth.
Electric motor drives, the workhorses of the global industry, can become highly efficient through the incorporation of power semiconductors. The requirement for motor drives is accelerating, given the rising acceptance of robotics and industrial automation solutions. This automation trend can be attributed to government initiatives targeted toward bolstering the adoption of Industry 4.0. Moreover, the implementation of innovative technologies including cloud computing and IIoT is fueling the motor drive demand. These factors will amplify the usage of GaN and SiC power semiconductor equipment to power these drives.
Despite the growth trajectory, high complexity in power discrete component manufacturing may act as a hindrance to steady industry development. However, government bodies have been undertaking key measures to curb carbon emissions by accelerating the development of renewable energy sources. Initiatives such as these will augment the use of gallium nitride and silicon carbide power electronics in the renewable energy sector, generating lucrative opportunities for GaN & SiC power semiconductor market expansion.
GaN & SiC Power Semiconductor Market Analysis
The discrete SiC product segment is anticipated to attain over 20% gains through 2032. The product’s ability to withstand high temperatures is promoting discrete SiC semiconductor use in power electronic cooling systems. The high preference for this semiconductor in electric vehicle inverter applications will thus bolster the market outlook by 2032.
GaN & SiC power semiconductor market revenues from the hybrid/electric vehicle segment will reach USD 3 billion by 2032. The advancement of automotive technologies and the strong awareness of the detriments of vehicle emissions are key reasons for the integration of SiC and GaN semiconductors. As the high operating temperature attribute can help reduce the requirements of cooling systems, the component demand will surge in hybrid-electric and full-electric vehicles.
The Europe GaN & SiC power semiconductor market size is slated to witness 20% growth rate through 2032, considering the popularity of robotics and rapid factory automation. For example, in October 2021, OMRON’s automation center in Europe received a redesign. This updated center was intended to allow customers to experience the benefits of an automated and intelligent factory. To gain a competitive advantage, OEMs have also been targeting to modernize facilities through the integration of industrial robots, augmenting the utilization of GaN and SiC power semiconductors in the region.
Asia Pacific held nearly 40% of the market share in 2022, on account of the strong demand for power supply equipment in countries such as China and India. Rapid innovation in automotive electronics is also emerging as a key trend. These factors are anticipated to promote the supply of power semiconductors for automotive electronics applications in the region.
GaN & SiC Power Semiconductor Market Share
and Wolfspeedic are some of the key players operating in the GaN & SiC power semiconductor market. These companies are implementing strategies such as acquisitions and collaborations to strengthen their foothold in the industry.
For instance, 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.
Impact of COVID-19 Pandemic
Supply chain disruptions during the COVID-19 pandemic posed a profound impact on industry verticals including renewable energy. Supply challenges resulted in a spike in solar panel component prices worldwide. Challenges such as these will hinder the production of semiconductors for use as switching components in PV inverter circuits and other clean energy applications. However, with the steady economic recovery, the GaN & SiC power semiconductor market will likely experience gradual growth during 2023-2032.
This market research report on GaN & SiC power semiconductor includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
Market, by Product
Market, by Application
The above information is provided on a regional and country basis for the following:
North America
Europe
Asia Pacific
Latin America
MEA