SiC and GaN Power Semiconductor Market - By Processor (SiC power module, GaN power module, Discrete SiC, Discrete GaN), By Power range (Low-Power, Medium-Power, High-Power), By Vertical & Forecast, 2024 - 2032

SiC and GaN Power Semiconductor Market Size

SiC and GaN Power Semiconductor Market was valued at USD 2.24 billion in 2023 and is anticipated to grow at a CAGR of over 25% between 2024 and 2032. In the market, energy efficiency and reduced power loss are pivotal advantages driving adoption.
 

Silicon Carbide (SiC) and Gallium Nitride (GaN) semiconductors offer significantly lower resistance and switching losses compared to traditional silicon-based counterparts. This efficiency translates into reduced heat generation and enhanced performance across various applications, from industrial power supplies to renewable energy systems. By minimizing power losses during conversion and transmission, SiC and GaN semiconductors contribute to higher efficiency levels and lower operating costs over the long term. Their superior thermal conductivity and robustness enable higher operating temperatures and power densities, supporting compact designs and reliability in demanding environments like the automotive and aerospace sectors.
 

The market is witnessing increasing adoption of Electric Vehicles (EVs) due to their ability to improve efficiency and performance. SiC and GaN devices enable higher switching frequencies and lower losses in power electronics, enhancing the range and efficiency of electric vehicles. These semiconductors facilitate faster charging times, reduce energy losses during power conversion, and support the development of more compact and lightweight EV drivetrain systems. As automotive manufacturers strive to meet stringent emissions regulations and consumer demand for longer-range electric vehicles, the adoption of SiC and GaN power semiconductors is crucial for achieving these goals while improving overall vehicle performance and driving experience.
 

Widespread adoption in the SiC and GaN power semiconductor markets is seriously hampered by high manufacturing costs. Silicon Carbide (SiC) and Gallium Nitride (GaN) semiconductors are produced using sophisticated materials and fabrication techniques, which results in higher manufacturing costs than with conventional silicon-based technology. The main factors influencing these expenses are the requirement for specialized machinery, strict quality assurance protocols, and comparatively little economies of scale in production quantities. Consequently, semiconductor producers must bear greater startup costs and ongoing operating expenses, which may affect product costs and market competitiveness. Expanding the use of SiC and GaN power semiconductors in a variety of applications, from automotive and renewable energy to the industrial and consumer electronics industries, would require resolving these manufacturing cost issues.
 

SiC and GaN Power Semiconductor Market Trends

There is a growing trend towards the adoption of SiC and GaN power semiconductors in the automotive industry. These semiconductors offer benefits such as higher efficiency, reduced size and weight, and improved thermal management compared to traditional silicon-based components. This trend is driven by the automotive industry's shift towards electric and hybrid vehicles, where efficient power management and increased range are critical factors. Manufacturers are investing in developing automotive-grade SiC and GaN devices to meet the stringent reliability and performance requirements of automotive applications. For instance, in January 2023, Tesla, Volkswagen, and BMW, there has been a notable increase in the adoption of SiC and GaN power semiconductors in electric vehicles (EVs). It has been integrating these advanced semiconductors into their EV drivetrains to improve efficiency and performance
 

Another significant trend is the expansion of SiC and GaN power semiconductors in renewable energy applications, such as solar inverters and wind turbines. These semiconductors enable higher efficiency and reliability in power conversion systems, reducing energy losses and improving overall system performance. With the global push towards sustainable energy solutions, there is increasing demand for advanced power electronics that can handle higher frequencies and voltages efficiently. This trend underscores the role of SiC and GaN technologies in supporting the transition towards greener energy sources and enhancing the efficiency of renewable energy infrastructure worldwide. For instance, in April 2023, companies like Siemens Energy and Vestas announced the deployment of SiC and GaN power semiconductors in their solar and wind energy systems. These advancements are aimed at improving power conversion efficiency and enhancing the reliability of renewable energy infrastructure.
 

SiC and GaN Power Semiconductor Market Analysis

Based on the processor, the market is divided into SiC power module, GaN power module, discrete SiC, Discrete GaN. The discrete SiC power module segment dominates the market and is expected to reach over 7 billion by 2032.
 

• Discrete SiC semiconductors refer to individual components such as diodes, transistors, and modules made from Silicon Carbide material. These discrete devices offer higher voltage and current ratings compared to silicon-based counterparts, along with superior performance in terms of switching speed and efficiency.
   
• Discrete SiC components find applications in various industries including automotive, aerospace, telecommunications, and power electronics. They are utilized in power conversion systems, motor control, high-voltage rectification, and other applications requiring robust and reliable semiconductor solutions. Discrete SiC semiconductors enable engineers to optimize circuit designs for improved power management and energy efficiency while achieving compact and reliable electronic systems.
   

Based on the power range, the SiC and GaN power semiconductor market is divided into low power, medium power, and high power. The medium power segment is the fastest growing with a CAGR of over 28% between 2024 and 2032.
 

• bide) semiconductors typically operate in the range of several hundred watts to a few kilowatts. These devices are designed for applications that require higher efficiency, improved thermal management, and reduced size compared to traditional silicon-based semiconductors.
   
• Medium-power SiC devices are commonly used in power supplies, motor drives, industrial equipment, and renewable energy systems such as solar inverters and electric vehicle chargers. They offer advantages such as lower switching losses, higher operating temperatures, and enhanced reliability, making them ideal for demanding environments where efficiency and compactness are crucial factors in design and performance.
   

Asia Pacific dominated the global SiC and GaN power semiconductor market in 2023, accounting for a share of over 45%. China plays a significant role in the market as a major producer and consumer. The country is actively investing in semiconductor technologies to bolster its industrial capabilities and support sectors like electric vehicles (EVs), renewable energy, and telecommunications. Chinese companies are developing and manufacturing SiC and GaN power semiconductors to meet domestic demand and enhance technological self-sufficiency. Additionally, China's initiatives in renewable energy and electric mobility drive the adoption of these advanced semiconductors for efficient power management and improved performance in critical infrastructure projects. China's involvement underscores its strategic importance in shaping the global semiconductor industry landscape.
 

The US leads in the innovation and adoption of SiC and GaN power semiconductors, particularly in the aerospace, defence, and automotive industries. Companies like Cree and Infineon Technologies are prominent players, driving advancements in efficiency and performance.
 

Japan focuses on high-tech manufacturing and automotive sectors, integrating SiC and GaN technologies for energy-efficient solutions in electric vehicles and industrial applications. Companies like Mitsubishi Electric and ROHM Semiconductor lead in development and deployment.
 

South Korea emphasizes semiconductor technology in electronics and automotive sectors, with Samsung Electronics and LG Electronics leading in adoption of SiC and GaN for consumer electronics and automotive applications.
 

SiC and GaN Power Semiconductor Market Share

Alpha and Omega Semiconductor and Infineon Technologies hold a significant share in the SiC and GaN Power Semiconductor industry. Alpha and Omega Semiconductor (AOS) is a leading supplier of a wide range of power semiconductors, including SiC and GaN devices. This specializes in developing advanced power management solutions for applications in consumer electronics, automotive, industrial, and renewable energy sectors. The company focuses on innovation in power efficiency, reliability, and performance, catering to the evolving demands of global markets. AOS's product portfolio includes discrete semiconductors, integrated circuits, and power modules, supporting diverse applications where energy efficiency and compact design are crucial.
 

Infineon Technologies, based in Germany, is a global leader in semiconductor solutions, including SiC and GaN power semiconductors. The company leverages its expertise in power electronics to deliver advanced semiconductor technologies that enhance energy efficiency and reliability in automotive, industrial, and renewable energy applications. Infineon's SiC and GaN products enable higher power density, reduced system size, and improved thermal management, meeting the stringent requirements of modern electronic systems. With a strong focus on innovation and sustainability, Infineon plays a pivotal role in shaping the future of power semiconductor technology worldwide.
 

SiC and GaN Power Semiconductor Market Companies

Major players operating in the SiC and GaN power semiconductor industry are:

• Infineon Technologies AG
• ON Semiconductor Corporation
• STMicroelectronics N.V.
• ROHM CO., LTD.
• Mitsubishi Electric Corporation
• Wolfspeed
• Renesas Electronics Corporation
• Alpha & Omega Semiconductor
• Fuji Electric Co., Ltd
  
   

SiC and GaN Power Semiconductor Industry News

• In April 2023 ON Semiconductor launched the RSL10-Solar-Cell Multi-Sensor Platform and showcasing its dedication to sustainable IoT solutions. This innovative platform integrates environmental sensors with solar cell technology, enabling energy harvesting for IoT applications. By harnessing solar power, the platform enhances device autonomy and reduces reliance on external power sources, promoting environmental sustainability. ON Semiconductor's initiative underscores its commitment to advancing green technologies and addressing the growing demand for energy-efficient IoT solutions across various industries.
   
• In March 2023, Infineon Technologies AG revealed its acquisition of MERACON GmbH, a German company specializing in lidar and sensor technologies. This strategic move bolsters Infineon's presence in automotive and industrial sectors by expanding its portfolio of advanced sensing technologies. Lidar technology, known for its precision in distance measurement and object detection using laser pulses, aligns with Infineon's commitment to enhancing safety and efficiency in autonomous driving and industrial automation. The acquisition enables Infineon to integrate MERACON's expertise, reinforcing its capability to deliver innovative solutions that meet the evolving demands of autonomous vehicles and smart manufacturing environments.
   

The SiC and GaN Power semiconductor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Processor

• SiC power module
• GaN power module
• Discrete SiC
• Discrete GaN

Market, By Power range

• Low-Power
• Medium-Power
• High-Power

Market, By Vertical

• Power Supplies
• Industrial Motor Drives
• H/EV
• PV inverters
• Traction
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA