The wide bandgap semiconductor market was valued at $1.6 billion in 2022 and is estimated to reach $5.4 billion by 2032, exhibiting a CAGR of 13.17% from 2023 to 2032.
The range of materials known as wide bandgap semiconductors have a broad energy bandgap, or the energy difference between the lowest energy band that can accommodate electron movement in the conduction band and the highest energy band that is inhabited by electrons in the valence band. These materials differ from conventional semiconductors like silicon, which have narrower bandgaps, in that they have a broad bandgap.
The need for high-performance and energy-efficient electronic devices is driving revolutionary developments in the wide bandgap semiconductor industry. At the vanguard of innovation are silicon carbide (SiC) and gallium nitride (GaN), which have several uses in power electronics, electric cars, 5G infrastructure, and renewable energy systems. Around the world, wide bandgap semiconductors are becoming more and more popular as industries place a higher priority on sustainability and efficiency. The current trends include partnerships that promote technological integration, improvements in manufacturing techniques for increased yields, and a persistent drive to realise the whole potential of these semiconductors in transforming the field of contemporary electronics.
Gallium nitride (GaN) and silicon carbide (SiC) are common wide bandgap semiconductor materials. These materials are appropriate for applications that call for high-power and high-frequency electronic devices because of their larger bandgap, which allows them to function at greater temperatures and voltages. Applications for wide bandgap semiconductors include power electronics, radiofrequency (RF) equipment, LED lighting, electric cars, and renewable energy sources. Their special qualities support better performance, more energy efficiency, and technological growth in several application areas.
The wide bandgap semiconductor market is segmented into material, application, battery type, and region. By material, the market is classified into silicon carbide (SiC), gallium nitride (GaN), diamond, and others. By industry vertical, it is bifurcated into consumer electronics, automotive, aerospace and defense, IT and telecom, energy and utility, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
Region wise, the wide bandgap semiconductor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major global wide bandgap semiconductor market players that have been provided in the report include Infineon Technologies AG, Microsemi Corporation, STMicroelectronics, Maxell Ltd., ROHM Semiconductor, Texas Instruments Inc., Vishay Intertechnology Inc., Panasonic Corporation, Genesic semiconductor, Nexperia and Wolfspeed, Inc. The key strategies adopted by the major players of the wide bandgap semiconductor market are product launch.
The range of materials known as wide bandgap semiconductors have a broad energy bandgap, or the energy difference between the lowest energy band that can accommodate electron movement in the conduction band and the highest energy band that is inhabited by electrons in the valence band. These materials differ from conventional semiconductors like silicon, which have narrower bandgaps, in that they have a broad bandgap.
The need for high-performance and energy-efficient electronic devices is driving revolutionary developments in the wide bandgap semiconductor industry. At the vanguard of innovation are silicon carbide (SiC) and gallium nitride (GaN), which have several uses in power electronics, electric cars, 5G infrastructure, and renewable energy systems. Around the world, wide bandgap semiconductors are becoming more and more popular as industries place a higher priority on sustainability and efficiency. The current trends include partnerships that promote technological integration, improvements in manufacturing techniques for increased yields, and a persistent drive to realise the whole potential of these semiconductors in transforming the field of contemporary electronics.
Gallium nitride (GaN) and silicon carbide (SiC) are common wide bandgap semiconductor materials. These materials are appropriate for applications that call for high-power and high-frequency electronic devices because of their larger bandgap, which allows them to function at greater temperatures and voltages. Applications for wide bandgap semiconductors include power electronics, radiofrequency (RF) equipment, LED lighting, electric cars, and renewable energy sources. Their special qualities support better performance, more energy efficiency, and technological growth in several application areas.
The wide bandgap semiconductor market is segmented into material, application, battery type, and region. By material, the market is classified into silicon carbide (SiC), gallium nitride (GaN), diamond, and others. By industry vertical, it is bifurcated into consumer electronics, automotive, aerospace and defense, IT and telecom, energy and utility, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
Region wise, the wide bandgap semiconductor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major global wide bandgap semiconductor market players that have been provided in the report include Infineon Technologies AG, Microsemi Corporation, STMicroelectronics, Maxell Ltd., ROHM Semiconductor, Texas Instruments Inc., Vishay Intertechnology Inc., Panasonic Corporation, Genesic semiconductor, Nexperia and Wolfspeed, Inc. The key strategies adopted by the major players of the wide bandgap semiconductor market are product launch.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wide bandgap semiconductors market analysis from 2022 to 2032 to identify the prevailing wide bandgap semiconductors market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the wide bandgap semiconductors market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global wide bandgap semiconductors market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Material
- Gallium Nitride (GaN)
- Diamond
- Others
- Silicon Carbide (SiC)
By Industry Vertical
- Consumer Electronics
- Automotive
- Aerospace and Defense
- IT and Telecom
- Energy and Utility
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Europe
- UK
- Germany
- France
- Rest of Europe
- LAMEA
- Latin America
- Middle East
- Africa
- Infineon Technologies AG
- STMicroelectronics
- ROHM Semiconductor
- Vishay Intertechnology Inc.
- Nexperia
- Genesic Semiconductor
- Wolfspeed, Inc.
- Microsemi Corporation.
- Texas Instruments Inc.
- Panasonic Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WIDE BANDGAP SEMICONDUCTORS MARKET, BY MATERIAL
CHAPTER 5: WIDE BANDGAP SEMICONDUCTORS MARKET, BY INDUSTRY VERTICAL
CHAPTER 6: WIDE BANDGAP SEMICONDUCTORS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Infineon Technologies AG
- STMicroelectronics
- ROHM Semiconductor
- Vishay Intertechnology Inc.
- Nexperia
- Genesic Semiconductor
- Wolfspeed, Inc.
- Microsemi Corporation.
- Texas Instruments Inc.
- Panasonic Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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