SiC & GaN Power Semiconductor Market
SiC & GaN Power Semiconductor Market Study by SiC Power Modules, GaN Power Modules, Discrete SiC Power Devices, and Discrete GaN Power Devices from 2024 to 2034
Analysis of SiC & GaN Power Semiconductor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
SiC & GaN Power Semiconductor Market Outlook (2024 to 2034)
The global SiC & GaN power semiconductor market is estimated to reach a size of US$ 1.41 billion in 2024. Worldwide sales of SiC & GaN power semiconductors are projected to increase at a CAGR of 22.9% and reach US$ 11.08 billion by 2034-end.
Following the present market scenario of global semiconductors, silicon carbide (SiC) and gallium nitride (GaN) power semiconductor demand is calculated to increase at a significant pace during the next 10 years, states Fact.MR, a market research and competitive intelligence provider. SiC & GaN transistors and diodes have indispensable functions in electric vehicles. Applications of SiC & GaN power semiconductors in electric vehicle components are significantly high. In addition, swelled-up demand for commercial and non-commercial electric vehicles (EVs) across the world is set to result in multiplied sales of SiC and GaN products.
The pricing scenario of SiC & GaN power semiconductors completely depends on the production of silicon carbide and gallium nitride on a global level. Factors maintaining a cut-throat competition for SiC & GaN components are due to the increasing demand for germanium semiconductors.
Demand for SiC & GaN semiconductors is increasing due to their extensive implementation in leading power modules, motor drivers, power supplies, and PV inverters across the globe. An increasing number of solar device installations is set to uplift the consumption of SiC & GaN power semiconductors in the Asia Pacific region. Advancements in solar-based energy production are acting as a boon for manufacturers in this business space.
- The North American SiC & GaN power semiconductor market is forecast to reach US$ 2.69 billion by 2034.
- East Asia is estimated to account for 22.4% of the global SiC & GaN power semiconductor market share in 2024.
| Report Attribute | Detail |
|---|---|
| SiC & GaN Power Semiconductor Market Size (2024E) | US$ 1.41 Billion |
| Forecasted Market Value (2034F) | US$ 11.08 Billion |
| Global Market Growth Rate (2024 to 2034) | 22.9% CAGR |
| South Korea Market Value (2034F) | US$ 591.2 Million |
| SiC Demand Growth (2024 to 2034) | 22.6% CAGR |
| Key Companies Profiled | VisIC Technologies Ltd; Transform, Inc.; Alpha & Omega Semiconductor; Renesas Electronics; Panasonic Corporation; Danfoss A/S; Microsemi Corporation; Wolfspeed, Inc.; ROHM Semiconductor; NXP Semiconductors N.V.; GaN Systems Inc.; Exagan S.A.S; STMicroelectronics N.V.; Raytheon Company; Genesic Semiconductor Inc.; Avogy, Inc.; Vincotech GmbH; United Silicon Carbide Inc.; Fuji Electric Systems Co., Ltd; Infineon Technologies; SEMIKRON International GmbH; Global Power Technologies Group; Cambridge Electronics. |
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Growth Factors Driving SiC & GaN Power Semiconductor Market
- Global sales of semiconductors are increasing subsequently with the rise in consumer electronics demand. Semiconductors make up a significant part of modern electronics, including laptops, smartphones, and PCs. With the inclusion of many electronic devices into our daily lives, it won’t be wrong to state that semiconductors have central importance.
- Through the use of a thinner drift layer and a higher impurity concentration, SiC's 10x greater breakdown electric field strength than silicon allows for the configuration of power devices operating at high voltages (600 volts to thousands of volts). These semiconductors are highly preferable in power solutions operating at high voltage. The lower on-resistance makes these semiconductors an ideal choice for greater withstand voltages.
- Wide band gap semiconductors are characterized by high electrical breakdown and field strength. This allows the breakdown of the voltage, which is similar to silicon with a V layer much thinner than SiC.
- GaN wafers are more expensive than SiC as they have a horizontal structure with an active layer. This makes it useful in various applications where extremely fast switching is required.
Which Aspects are Positively Influencing Sales of SiC and GaN Power Semiconductors?
“Energy Efficiency Driving Use of SiC and GaN Power Devices in Wireless Communication Systems”
Rising demand for wireless communication systems, including 5G network technology, is creating profitable opportunities for SiC and GaN power semiconductor manufacturers. The high efficiency of SiC and GaN power semiconductors is increasing their use in industrial device manufacturing.
One of the notable SiC and GaN power semiconductor market trends is the growing demand for compact and miniature consumer electronics. SiC and GaN power semiconductors are also widely used in automotive systems to increase their energy efficiency.
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Which Market Dynamics are Impacting Demand for GaN and SiC Power Semiconductors?
“High Manufacturing and Installation Costs”
Compared to traditional silicon-based components the price of GaN and SiC power semiconductors is high. GaN and SiC power semiconductors have potential for long-term benefits, however, high initial investment is hampering their adoption to some extent. Furthermore, the production process of GaN and SiC power semiconductors is also complex, which influences its overall production cost.
Start-up Ecosystem
- United States-based start-up Mivium offers gallium nitride (GaN) and aluminum gallium nitride (AlGaN) semiconductors. The neuromorphic computing technology used by the company enhances the performance and energy efficiency of semiconductors.
- Freschfield is a United States-based start-up that designs and builds microgrids. iSkin, an energy-producing cladding system developed by Freschfield, uses quantum semiconductor technology to generate a high amount of power.
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Competitive landscape highlights only certain players
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Country-wise Analysis
How Will SiC & GaN Power Semiconductor Suppliers Fare in the United States?
“American Automobiles Manufactured Using Energy Efficient SiC & GaN Power Semiconductors”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 149.9 Million |
| Growth Rate (2024 to 2034) | 23.4% CAGR |
| Projected Value (2034F) | US$ 1.22 Billion |
SiC & GaN power semiconductors are widely used in automotive manufacturing in the United States. The strict regulations related to vehicle safety and greenhouse gas emissions are driving automakers' attention toward the adoption of fuel-efficient components in automobile manufacturing. SiC & GaN power semiconductors are widely used in automotive system production. Their high energy efficiency contributes to the performance of electric vehicle power trains.
Will China be a Profit Pool for SiC & GaN Power Semiconductor Manufacturers?
“Prime Use of SiC & GaN Power Semiconductors in China-Made Consumer Electronics”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 154.4 Million |
| Growth Rate (2024 to 2034) | 22.9% CAGR |
| Projected Value (2034F) | US$ 1.21 Billion |
China is a hub of semiconductor manufacturing. The high production and export of consumer electronics are driving the sales of SiC & GaN power semiconductors. Rising popularity of renewable energy sources such as solar panels and distribution energy storage systems is increasing the use of SiC & GaN power semiconductors in the production of these renewable energy systems. The rising trend of industrial automation is further driving the SiC & GaN power semiconductor market growth in China.
Category-wise Analysis
Why is Demand for GaN Power Semiconductors Higher?
“GaN Power Semiconductors Finding Increasing Applications in 5G Networks and Automobiles”
| Attribute | GaN Power Semiconductors |
|---|---|
| Segment Value (2024E) | US$ 715.9 Million |
| Growth Rate (2024 to 2034) | 23.2% CAGR |
| Projected Value (2034F) | US$ 5.77 Billion |
GaN power semiconductors are used by EV automakers as their energy efficiency aid in increasing power density, reducing vehicle charging time, and enhancing cost-efficiency. GaN power semiconductors are also used in the production of 5G multi-chip modules. GaN semiconductors are leading the way for energy-efficient mobile networks.
- In 2021, NXP Semiconductors announced the introduction of GaN technology into its multi-chip module platform. NCP’s GaN-based multi-chip modules are believed to increase the efficiency of 5G networks by 8%.
The growing need for automation in the manufacturing process is driving the use of GaN semiconductors in motion control and robotics. Thus, GaN power semiconductors are set to hold a leading share of the global market throughout the forecast period.
Which Component is Finding Extensive Application?
“Demand for SiC Power Module Technologies to Remain High”
| Attribute | SiC Power Modules |
|---|---|
| Segment Value (2024E) | US$ 476.3 Million |
| Growth Rate (2024 to 2034) | 22.6% CAGR |
| Projected Value (2034F) | US$ 3.64 Billion |
Considering the group of materials used in power module semiconductors, silicon carbide comes under the most used material. This fact is valued by SiC’s ability to lose only a minimum amount of energy when implemented in any power conversion process. The aforementioned benefit reduces the cost of expensive cooling systems, which attracts more semiconductor buyers toward SiC semiconductors.
This trend helps determine that the demand for SiC power modules is set to increase at a rapid pace during the next 10 years. Another prominent advantage of using a SiC power module is its extremely low switching loss while operating in applications such as metal-oxide-semiconductor field-effect transistors (MOSFETs), EV chargers, and solar inverters. This technical dominance is further benefiting SiC power module manufacturers as they expand their product reach.
Competitive Landscape
Key players in the SiC & GaN power semiconductor industries are mainly opting for growth-oriented strategies that include the establishment of SiC and GaN-related value chains. In addition, branding and continuous technical advancements in manufacturing technology hit the top position on their priority list. These strategies are helping the industry giants expand their regional footprint and garner high market share, thus providing a competitive advantage.
- In September 2023, Navitas Semiconductor announced the launch of GaNSafe™, a next-generation, high-performance wide bandgap power platform.
- In 2019, Infineon Technologies bought Cypress Semiconductor Company with a deal closure value of US$ 10 billion.
Fact.MR provides detailed information about the price points of key producers of SiC & GaN power semiconductors positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Key Segments SiC & GaN Power Semiconductor Market Research
-
By Material :
- SiC
- GaN
-
By Component :
- SiC Power Modules
- GaN Power Modules
- Discrete SiC Power Devices
- Discrete GaN Power Devices
-
By Application :
- Power Supplies
- Wireless Charging
- Power Storage
- Hybrid & EV Components
- HEV Charging Equipment
- Motor Drives
- PV Inverters
- Traction Motor Components
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Material 6.2. Component 6.3. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Material 7.1. SiC 7.2. GaN 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Component 8.1. SiC Power Modules 8.2. GaN Power Modules 8.3. Discrete SiC Power Devices 8.4. Discrete GaN Power Devices 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 9.1. Power Supplies 9.2. Wireless Charging 9.3. Power Storage 9.4. Hybrid & EV Components 9.5. HEV Charging Equipment 9.6. Motor Drives 9.7. PV Inverters 9.8. Traction Motor Components 9.9. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Material, Component, Application, and Region for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. VisIC Technologies Ltd 20.2. Transform, Inc. 20.3. Alpha & Omega Semiconductor 20.4. Renesas Electronics 20.5. Panasonic Corporation 20.6. Danfoss A/S 20.7. Microsemi Corporation 20.8. Wolfspeed, Inc. 20.9. ROHM Semiconductor 20.10. NXP Semiconductors N.V. 20.11. GaN Systems Inc. 20.12. Exagan S.A.S 20.13. STMicroelectronics N.V. 20.14. Raytheon Company 20.15. Genesic Semiconductor Inc. 20.16. Avogy, Inc. 20.17. Vincotech GmbH 20.18. United Silicon Carbide Inc. 20.19. Fuji Electric Systems Co., Ltd 20.20. Infineon Technologies 20.21. SEMIKRON International GmbH 20.22. Global Power Technologies Group 20.23. Cambridge Electronics 21. Assumptions and Acronyms Materiald 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Material, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Material, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Component, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Component, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Material, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Material, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Material, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Material, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Component, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Material, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Material, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Component, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Material, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Material, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Component, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Component, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Material, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Material, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Component, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Component, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Material, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Material, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Component, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Component, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
How big is the market for SiC & GaN power semiconductors in 2024?
The global SiC & GaN power semiconductor market is expected to reach US$ 1.41 billion in 2024.
What are the projected sales of SiC & GaN power semiconductors by 2034?
The market for SiC & GaN power semiconductors is forecasted to climb to US$ 11.08 billion by 2034.
What is the demand outlook for SiC & GaN power semiconductors?
Sales of SiC & GaN power semiconductors are calculated to rise at a CAGR of 22.9% through 2034.
What value is the market in North America projected to reach by 2034?
The North American market is projected to reach US$ 2.69 billion by 2034.
At what rate are the sales of SiC & GaN power semiconductors expected to increase in South Korea?
The South Korea market is calculated to register a CAGR of 23.8% through 2034.
Which component is most widely demanded?
SiC power modules are set to hold 32.9% of the global market share by 2034.
Who are the top producers of SiC & GaN power semiconductors?
Leading market players are Alpha & Omega Semiconductor, Panasonic Corporation, Renesas Electronics, Danfoss A/S, and Microsemi Corporation.
SiC & GaN Power Semiconductor Market