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.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global SiC & GaN Power Semiconductor market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the SiC & GaN Power Semiconductor market.
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Key findings of the SiC & GaN Power Semiconductor market study:
- Regional breakdown of the SiC & GaN Power Semiconductor market based on predefined taxonomy.
- Innovative manufacturing processes implemented by SiC & GaN Power Semiconductor vendors in detail.
- Region-wise and country-wise fragmentation of the SiC & GaN Power Semiconductor market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global SiC & GaN Power Semiconductor market.
Key Companies Profiled
- VisIC Technologies Ltd
- Panasonic Corporation
- NXP Semiconductors N.V.
- GaN Systems Inc.
- Exagan S.A.S
- Cambridge Electronics
- Avogy, Inc.
- Vincotech GmbH
- United Silicon Carbide Inc.
- STMicroelectronics N.V.
- Raytheon Company
- Genesic semiconductor Inc
- Transform, Inc.
- Alpha & Omega Semiconductor
- Renesas Electronics
- SEMIKRON International GmbH
Competitive Landscape
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.
SiC & GaN Power Semiconductor Market Key Segments
- By Material Type
- 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 and EV Components
- HEV Charging Equipment
- Motor Drives
- PV Inverter
- Traction Motor Components
- Others
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Queries addressed in the SiC & GaN Power Semiconductor market report:
- Why are the SiC & GaN Power Semiconductor market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global SiC & GaN Power Semiconductor market?
- Which regions are displaying the fastest growth in the SiC & GaN Power Semiconductor market?
- What are the underlying micro- macroeconomic factors affecting the global SiC & GaN Power Semiconductor market?
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