Demand Of SiC & GaN Power Semiconductor Devices Is Forecast To Surpass The Market Value Of Us$ 6,954 Million By 2032

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of SiC Power Modules. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of SiC Power Modules Market across various industries and regions.

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Market Snapshot

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.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of SiC Power Modules market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of SiC Power Modules

This newly published and insightful report sheds light on Market Insights of SiC Power Modules, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of SiC Power Modules Market.

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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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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.

5 Forecast Highlights on Global SiC & GaN Power Semiconductor Market

1- Asia Pacific Excluding Japan (APEJ) to emerge as the dominating region in the global SiC & GaN power semiconductor market. By the end of 2026, APEJ is projected to bring in more than US$ 2,200 million revenue. Increasing demand for mobile devices, the presence of the key companies are some of the factors driving the demand for SiC & GaN to power semiconductor in the region.

2- Meanwhile, Japan followed by Europe are also likely to see the significant growth in the coming years. Technological advancements in the regions are driving the market growth.

3- SiC is expected to witness significant growth during the forecast period. By the end of 2026, SiC as a material to power semiconductor is projected to exceed US$ 2,400 million revenue.

4- Compared to the various components, discrete SiC power devices are anticipated to witness growth. Discrete SiC power devices are projected to reach the value of nearly US$ 2,000 million revenue towards the end of 2026.

5- SiC & GaN power semiconductor is expected to be used largely in power supplies during the forecast period 2017-2026. By the end of 2026, power supplies are projected to bring in more than US$ 800 million revenue.

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More Valuable Insights on SiC Power Modules Market

Fact.MR, in its new report, offers an unbiased Market Analysis of SiC Power Modules, Sales and Demand of SiC Power Modules, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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