The global wide bandgap semiconductor market is estimated to be worth US$ 831.8 million by 2032, up from US$ 241.3 million in 2022, and to increase at a 13.2% CAGR during the forecast period. As manufacturers increasingly use Silicon Carbide (SiC) and Gallium Nitride (GaN) in radio frequency applications, the need for wide bandgap semiconductors is increasing.
Wide-bandgap semiconductors are semiconductor materials that allow devices to operate at substantially higher temperatures, voltages, and frequencies than traditional semiconductor materials such as gallium arsenide and silicon.
Blue and green LEDs and lasers are primarily made with wide-bandgap semiconductors. This type of semiconductor is also used in particular radio recurrence applications, such as very military radars. Furthermore, wide bandgap semiconductors are classified as cutting-edge semiconductors, and the included qualities make it suitable for a wide range of applications.
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Wide Bandgap Semiconductors Market: Drivers and Restraints
To extend the battery life and to improve the power efficiency in electronic and electrical gadgets such as portable media players, desktop computers, flat panel displays, notebooks, smartphones wide bandgap semiconductors are used. So increasing demand of above-mentioned goods is spurring the demand for wide bandgap semiconductors market during the forecast period.
To produce the ultraviolet LEDs with wavelengths ranging from 200–250 nm and to make blue LEDs and lasers wide bandgap semiconductors are used. So increasing demand of LED lights is influencing the growth of the wide bandgap semiconductors market. On the other hand, the high cost of manufacturing of wide bandgap semiconductor is the major challenge restraining the growth of the wide bandgap semiconductors market over the forthcoming years.
Wide Bandgap Semiconductors Market: Regional Outlook
North America dominated the wide bandgap semiconductors market was owing to increase in applied demand of wide bandgap semiconductors in automobile sectors. Therefore the demand for wide bandgap semiconductors in the respective region is expected to spur over the forecast period.
Asia Pacific countries such as India and China are expected to witness the fastest growth due to increasing demand of efficient semiconductors in various sectors such as automotive, computer, consumer goods and others.
Further lucrative business opportunities in India such as “Make In India” is encouraging investors to invest in the country owing to avail benefits of supportive government regulation and easy availability of cheap labors are the other factors influencing the growth of the Wide Bandgap Semiconductors market in the India.
Competitive Landscape
Who are some of the Key Market Players in the Wide Bandgap Semiconductors Market?
The major player operating in the wide bandgap semiconductors market are Efficient Power Conversion Corporation, Mersen S.A., Everlight Electronics Co, Avogy, Inc., Toshiba Corporation, Fujitsu Limited, Renesas Electronics Corporation, NXP Semiconductors N.V., and Cree Inc.
The other prominent vendors associated with the wide bandgap semiconductors market are Fairchild Semiconductor, GeneSiC Semiconductor, Inc., Infineon Technologies AG, Infineon Technologies AG, MicroGaN Gmbh, United Silicon Carbide Inc., Microsemi Corporation, Vishay Intertechnology, Inc. Mitsubishi Electric, Nitronix Nanotechnology Corporation, Powerex, ROHM Semiconductor, STMicroelectronics, Sanken Electric Co., Ltd, Semikron, Semisouth Laboratories, Inc., and Shindengen Electric.
These major players are continuously collaborating, upgrading, and making efforts for expanding the wide bandgap semiconductors market with high-frequency regulations for energy and power devices to boost sales of wide bandgap semiconductor.
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Key Developments in the Wide Bandgap Semiconductors Market
- ROHM Semiconductor is a leading manufacturer of wide band gap semiconductors (SiC and GaN). It has started a mass production of SiC power components, such as SiC Schottky diodes and SiC planer MOSFETs since 2010. In February 2019, the company announced plans to upgrade its existing production facility for WBG semiconductors with the help of advanced machines.
- In August 2019, ON Semiconductor announced the introduction of a wide band gap silicon-carbon MOSFET in its product line. The company expects that the new product would witness high demand in the next few years due to rise in demand for WBG semiconductors for use in applications such as automotive electric systems and electric vehicles.
Key Segments in the Wide Bandgap Semiconductors Market
By Material Type:
- Silicon Carbide
- Gallium Nitride
- Diamond
- Other (Zinc Oxide, ZnSe etc.)
By Application:
- Hybrid
- Vehicle
- PV Inverters
- Railway Traction
- Wind Turbines
- Power Supplies
- Motor Drives
- UPS
- Others
By End-Use Industry:
- Defense and Aerospace
- Information and Communication Technology
- Consumer Electronics
- Automotive
- Others
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