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SiC and GaN Power Semiconductor Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Market Report I 2024-07-24 I 210 Pages I Global Market Insights
SiC and GaN power semiconductor market size is anticipated to grow at over 25% CAGR between 2024 and 2032 fueled by the rising demand for efficient power conversion and energy savings across diverse industries. SiC and GaN semiconductors outshine traditional silicon-based devices, boasting features like heightened voltage tolerance, superior thermal conductivity, and faster switching speeds. For instance, in June 2024, SK keyfoundry unveiled its 650V GaN High Electron Mobility Transistor (HEMT) specifications.
The automotive sector is also rapidly integrating these semiconductors, boosting the efficiency of power electronics in electric drivetrains and charging systems. Moreover, advancements in cost-effective manufacturing processes and expanded production capabilities for SiC and GaN devices are propelling market growth.
The overall industry is divided into processor, power range, vertical, and region.
Based on processor, the SiC and GaN power semiconductor market value from the discrete GaN segment is poised to grow between 2024 and 2032 due to its ability to offer significant performance improvements in power electronics. Discrete GaN devices provide high-efficiency, fast switching capabilities, and superior thermal management compared to traditional silicon-based semiconductors. These advantages make them ideal for applications requiring high power density and efficiency, such as electric vehicles, industrial power supplies, and advanced telecommunications.
In terms of vertical, the SiC and GaN power semiconductor market from the power supplies segment is set to witness a significant CAGR from 2024 to 2032. This uptick is driven by the quest for enhanced efficiency and performance in power conversion systems. With their rapid switching speeds, reduced conduction losses, and superior thermal management, SiC and GaN semiconductors play a pivotal role in boosting the efficiency and reliability of power supplies.
North America SiC and GaN power semiconductor industry is expected to accrue notable expansion from 2024 to 2032. This is led by the emphasis on technological innovation and the increasing demand for high-performance, energy-efficient power solutions. The region with its robust industrial base and advanced research capabilities, has emerged as a leader in adopting cutting-edge technologies across sectors, such as automotive, aerospace, and renewable energy.
Report Content
Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Energy efficiency and reduced power loss
3.8.1.2 Increasing adoption in electric vehicles (EVs)
3.8.1.3 Demand for faster switching speeds
3.8.1.4 Expansion in renewable energy applications
3.8.1.5 High power density and miniaturization demands
3.8.2 Industry pitfalls and challenges
3.8.2.1 High manufacturing costs
3.8.2.2 Integration challenges
3.9 Growth potential analysis
3.10 Porter's analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Processor, 2021 - 2032 (USD Million)
5.1 SiC power module
5.2 GaN power module
5.3 Discrete SiC
5.4 Discrete GaN
Chapter 6 Market Estimates and Forecast, By Power range, 2021 - 2032 (USD Million)
6.1 Low-power
6.2 Medium-power
6.3 High-power
Chapter 7 Market Estimates and Forecast, By Vertical, 2021 - 2032 (USD Million)
7.1 Power supplies
7.2 Industrial motor drives
7.3 H/EV
7.4 PV inverters
7.5 Traction
7.6 Others
Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 ANZ
8.4.6 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Rest of Latin America
8.6 MEA
8.6.1 UAE
8.6.2 South Africa
8.6.3 Saudi Arabia
8.6.4 Rest of MEA
Chapter 9 Company Profiles
9.1 Alpha and Omega Semiconductor
9.2 CISSOID
9.3 Diodes Incorporated
9.4 Fuji Electric Co., Ltd.
9.5 Infineon Technologies AG
9.6 Littelfuse, Inc.
9.7 Microsemi Corporation
9.8 Mitsubishi Electric Corporation
9.9 Nexperia
9.10 ON Semiconductor Corporation
9.11 Panasonic Corporation
9.12 Renesas Electronics Corporation
9.13 ROHM CO., LTD.
9.14 SANKEN ELECTRIC CO., LTD.
9.15 SEMIKRON
9.16 Sensitron Semiconductor
9.17 STMicroelectronics N.V.
9.18 TOSHIBA ELECTRONIC DEVICES and STORAGE CORPORATION
9.19 Vishay IntertechnologyInc.
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