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.

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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.

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Global GaN and SiC Power Semiconductor Market Segmentation

By Product

SiC Power Module

GaN Power Module

Discrete SiC

Discrete GaN

By Application

Power Supplies

Industrial Motor Drives

Electric Vehicles

PV Inverters

Others

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

AGC Group

Alpha and Omega Semiconductor

Daco Semiconductor Co. Ltd.

Epiluvac AB

Fuji Electric Co. Ltd.

GeneSiC Semiconductor Inc.

Global Power Technologies Group, Inc.

Infineon Technologies AG

IQE PLC

Littelfuse Inc.

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