Wide-bandgap semiconductors are the key component used to make blue & green LEDs and lasers. This type of semiconductor is also utilized in some radio frequency applications, such as notably military radars. Moreover, the wide bandgap semiconductors are also classified under next-generation semiconductors, and the featured properties make it fit for the various range of roles.
MARKET SCOPE
The "Global Wide Band Gap Semiconductor Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the wide band gap semiconductor market with detailed market segmentation by material, application, end-use industry, and geography. The report provides key statistics on the market status of the leading wide band gap semiconductor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global wide band gap semiconductor market is segmented into silicon carbide (SiC), gallium nitride (GaN), diamond, and others.
- On the basis of application, the market is segmented into PV inverter, railway traction, wind turbines, power supplies, motor drives, UPS, hybrid/electric vehicle, and others.
- Based on end-use industry, the market is segmented into automotive, aerospace and defense, IT and consumer, energy and utility, and others.
MARKET DYNAMICS
Drivers:
- Increasing demand for the consumer electronics is fueling the demand for wide bandgap semiconductors, thereby increasing the growth of the wide bandgap semiconductor market.
- Increasing demand for LED lights is propelling the growth of the wide bandgap semiconductors.
Restraints
- High manufacturing cost hampering the growth of the wide bandgap semiconductors market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wide band gap semiconductor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wide band gap semiconductor market in these regions.
IMPACT OF COVID-19 ON WIDE BAND GAP SEMICONDUCTOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the wide band gap semiconductor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wide band gap semiconductor market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wide band gap semiconductor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Avago Technologies (Braodcom)
- Cree Inc.
- GeneSiC Semiconductor
- Infineon Technologies
- Panasonic Corporation
- ROHM Semiconductor
- Semiconductor Components Industries, LLC
- Semelab / TT electronics
- STMicroelectronics
- TriQuint Semiconductor
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.