Gan and Sic Power Semiconductor Market, By Application (Power Supplies, Industrial Motor Drives, H/EV, PV Inverters, Traction, and Others), By Product (Sic Power Module, GaN Power Module, Discrete SiC, and Discrete GaN), By Region – Global Analysis Forecast Till 2030

The Global Gan and Sic Power Semiconductor Market size was estimated at USD 754 million in 2021 and is expected to hit around USD 6,954 million at a CAGR of 23.54% from 2022 to 2030.

The next-generation silicon replacement materials, silicon carbide (SiC) and gallium nitride (GaN), are getting much interest. Power semiconductors made of GaN and SiC are compact and dependable power sources that beat silicon-based ones in terms of efficiency. These GaN and SiC power semiconductors help to reduce volume, weight, and life cycle costs in a number of power applications, including automotive electronics, industrial motors, and PV inverters. It's simple to work with silicon. Although GaN is a mixture of gallium and nitrogen, SiC is a combination of carbon and silicon. Thus, semiconductors that employ these substances are referred to as "semiconductors in compound form. Because of their wider band gap than silicon, GaN and SiC are known as "Broad Band Gap Semiconductors.

Wide-bandgap semiconductors are recognised using the dielectric breakdown field strength. This enables the withstand voltage layer to be produced much thinner than that of silicon while still trying to achieve the same breakdown voltage.

Market Dynamics

Drivers:

Larger diameter wafers are becoming more commonly employed as a result of improvements in the SiC wafer substrate quality used in semiconductor materials. Thus, low-cost, high-current devices were developed and are now being employed in a range of machinery. Contrarily, a GaN wafer substrate is still expensive; as a result, the majority of individuals employ a horizontal configuration with a GaN active layer made on a cheap silicon substrate. Even though it can be difficult to produce high current products, GaN and Sic power semiconductor market is expected to be used in applications that require extremely high-speed switching operation.

Opportunity:

The pandemic issue has an enormous impact on the development of the GaN and Sic power semiconductor market in 2020. A lockdown was imposed by a number of nations, and as a result, several production facilities belonging to end-use OEMs and industry leaders, including producers of electric vehicles and solar components, were shut down. On the other hand, the lockout has accelerated the trend towards work-from-home projects and given local companies a chance to gain a significant competitive advantage in the UPS sector and other industries. Aside from that, the pandemic has prompted manufacturers of GaN and SiC power semiconductors to broaden their global reach and establish operations in other regions in order to reorganise their supply chains.

Key players:

• 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 and Omega Semiconductor

• Renesas Electronics

• SEMIKRON International GmbH

• Danfoss A/S

Market Segmentation:

By Product

• Sic Power Module

• GaN Power Module

• Discrete SiC

• Discrete GaN

By Application

• Power Supplies

• Industrial Motor Drives

• H/EV

• PV Inverters

• Traction

• Others

By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa (MEA)

Regional Analysis:

The North American GaN and SiC power semiconductor market is anticipated to grow quickly as a result of the rising number of solar power plant installations in the United States. The Solar Energy Industries Association released a press statement in December 2020 stating that in the third quarter of 2020,

GaN and Sic devices are gradually displacing silicon equivalents in various application areas, including consumer and business, telecommunications, automotive, and industrial, as they quickly increase their market share in the Asia Pacific region. China is the largest supplier of raw materials to the wide bandgap semiconductor industry both in terms of manufacturing and distribution.

Additionally, it is anticipated that this will indirectly benefit the expansion of the GaN and Sic power semiconductor market in the Asia Pacific area.

The GaN and Sic power semiconductor market in Europe is expanding at a fantastic rate as a result of the increased government efforts to encourage the usage of electric vehicles in the nation. For instance, in March 2021, the German government announced that it will finance the construction of EV charging stations. These supportive initiatives will benefit the businesses operating in the local market, accelerating their chances for growth.

Scope of the Report:

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