Technology & Telecommunications

According to a market report by Lucintel, the future of the wide bandgap semiconductor market looks promising with opportunities in the automotive & transportation, consumer electronics, aerospace & defense, IT & telecom, and energy & utility industries. The global wide bandgap semiconductor market is expected to reach an estimated $1.8 billion by 2028 with a CAGR of 18.1% from 2023 to 2028. The major drivers for this market are growing demand for enhanced power efficiency in electrical and electronic gadgets along with rise in demand for batteries with extended battery life.



In this market, silicon carbide (SiC), gallium nitride (GaN), diamond, and others are different material types of wide bandgap semiconductor. Lucintel forecast that silicon carbide will remain the largest material type segment over the forecast period as it ensures enhanced thermal conductivity and thermal stability across diverse wide bandgap semiconductor applications.

Within this market, consumer electronics segment is projected to record the highest growth due to increase in number of communication networks and services, which will drive the demand for telecommunication equipment and electric vehicles.



North American is expected to witness the highest growth during the forecast period due to increased adoption of smart devices and rapidly growing automobile industry in this region.

Fujitsu Limited, Mersen S.A., Everlight Electronics Co, Toshiba Corporation, Efficient Power Conversion Corporation, Avogy, Inc., Renesas Electronics Corporation, GaN Systems Inc., and NXP Semiconductors N.V., are the major suppliers in the global wide bandgap semiconductor market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global wide bandgap semiconductor market by material type, application, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Wide Bandgap Semiconductor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global wide bandgap semiconductor market by material type, application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global wide bandgap semiconductor market by material type (silicon carbide (SiC), gallium nitride (GaN), diamond, and others), application (hybrid/electric vehicles, PV inverters, railway tractions, wind turbines, power supplies, motor drives, servers, and others), end use industry (automotive & transportation), consumer electronics, aerospace & defense, IT & telecom, energy & utility, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?