Demand Of SiC & GaN Power Semiconductor Devices Is Forecast To Surpass The Market Value Of US$ 6,954 Million By 2032
SiC & GaN Power Semiconductor Market Outlook
The global SiC & GaN power semiconductor market is estimated at US$ 884 million in 2022. Demand of SiC & GaN power semiconductor devices is forecast to surpass the market value of US$ 6,954 million by 2032. Stupendous growth rate of 22.9% is projected for the demand of these electronic discrete components during the forecast period of 2022-32.
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SiC & GaN Power Semiconductor Market Key Segments
By Material Type
- SiC Power Modules
- GaN Power Modules
- Discrete SiC Power Devices
- Discrete GaN Power Devices
- Power Supplies
- Wireless Charging
- Power Storage
- Hybrid and EV Components
- HEV Charging Equipment
- Motor Drives
- PV Inverter
- Traction Motor Components
Competition landscape: Top Companies of SiC & GaN Power Semiconductor Market
Market players in SiC & GaN power semiconductor business have mainly opted for growth oriented strategies which includes establishment of SiC and GaN related value chains. In addition, branding and continuous technical advancements in the manufacturing technology hits the top position in their priority list. These strategies are helping the global players to expand their regional footprint and garner maximum market share thus providing competitive advantage.
Fact.MR has provided detailed information about price points of top manufacturers of SiC & GaN power semiconductor positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
- In 2019, Infineon Technologies bought California-based Cypress Semiconductor Company with a deal closure value between 9 to 10 US$ billion.
- Vincotech GmbH, a leading power semiconductor manufacturer stepped up its production line in May 2019 in Europe.
Similar, recent developments related to companies offering in big data analytics technology have been tracked by the team at Fact.MR, which are available in the full report.