Wide Band Gap Semiconductor Market Overview:
The introduction of silicon carbide (SiC) and gallium nitride (GaN) has slowed silicon’s use in radio frequency (RF) applications, LED (light emitting diode) lighting, and optoelectronics. SiC- and GaN-based semiconductors are expected to reach the highest revenues in the global wide band gap (WBG) semiconductor market. Broad band gap semiconductors based on SiC and GaN have high growth potential, which is why manufacturers are utilizing them more in radio frequency applications. Smartphones and tablets are benefiting wide band gap semiconductor manufacturers. Online video streaming has led to a doubled number of mobile device users, which has led to an increase in data usage. In high-performance wireless and telecommunications systems, SiC and GaN based semiconductors are heavily used to handle the increased load of data traffic. As GaN semiconductors facilitate higher voltage operation and ease impedance matching, they are increasingly used to support operational bandwidth.
LED lighting’s favorable growth prospects provide manufacturers in the wide band gap semiconductor (WBGS) ecosystem with incremental opportunities. Wide band gap semiconductors based on GaN are being used in LED lighting despite their high initial costs to set up a business. GaN wideband semiconductors offer high efficiency, durability, and environmental friendliness. LED lighting manufacturers benefit from these key attributes because they enable them to efficiently recover earlier-invested initial costs, as well as serve as a win-win situation for wide-band gap semiconductor manufacturers.
LED lighting is also becoming increasingly available to manufacturers in the WBGS industry. In addition to saving energy, LED lighting has a longer lifespan and is a valuable choice for consumers. Thus, incandescent lighting will be replaced in the coming years by LED lighting. As a mercury-free alternative to CFL (compact fluorescent light) bulbs, LED lighting also poses a threat to the latter.
Data is currently the most valuable asset in the world. With many global-level organizations collecting huge volumes of data, electronic devices comprising of high computing power are used for processing and managing such data. As per the Semiconductor Industry Association, the memory segment is the largest growing segment of the semiconductor industry with sales of DRAM and NAND flash products on a rise along with the sales of microprocessors which shall assist in the further proliferation of the semiconductor industry. The introduction of 5G technology has opened new avenues for the growth of this industry considering its utilization in developing an IoT-friendly infrastructure in tech-based applications. With advancements in chip designing technologies per Moore's law has further aided in the fragmentation of the global semiconductor industry.
The assessment of the Wide Band Gap Semiconductor Market is performed based on factors, like for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, the revenue, financial, and opportunity analysis of important market players. The Wide Band Gap Semiconductor Market is also analyzed based on the regional segmentation, product type or technique, end-user spectrum, etc. This research will be conducted with the implementation of advanced market research techniques which shall help organizations evaluate the overall market scenario and strategize accordingly.
Major players included in the Wide Band Gap Semiconductor Market:
• Cree Inc.
• GeneSiC Semiconductor
• Infineon Technologies
• Panasonic Corporation
• ON semiconductor
• ROHM Semiconductor
• Semelab / TT electronics
• STMicroelectronics
• TriQuint Semiconductor
• Avago Technologies
• OSRAM Opto Semiconductors
(Note: The list of the major players will be updated with the latest market scenario and trends)
Wide Band Gap Semiconductor Market Segmentation:
By Material
• Silicon Carbide (SiC)
• Gallium Nitride (GaN)
• Diamond
• Others
By Application
• Hybrid/Electric Vehicle
• PV Inverter
• Railway Traction
• Wind Turbines
• Power Supplies
• Motor Drives
• UPS
• Others
By End-use Industry
• Automotive
• Aerospace & Defense
• IT & Consumer
• Energy & Utility
• Other
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Wide Band Gap Semiconductor Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Wide Band Gap Semiconductor Market by material, by application, by end-use industry and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
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