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Wide Bandgap Semiconductors Market Share

Report ID: GMI11705
Published Date: Oct 2024
Report Format: PDF

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Wide Bandgap Semiconductors Market Share

Infineon Technologies AG and Renesas Electronics Corporation hold a significant share of the wide bandgap semiconductors industry. Infineon is a leader in SiC technology, offering solutions that enhance energy efficiency in EVs, renewable energy systems, and industrial applications. Its strategic acquisitions and continuous investment in R&D have positioned it as a key player in the market, driving innovation in high-performance semiconductors.

Renesas Electronics Corporation has established a robust presence in the market by focusing on GaN technology. Renesas leverages GaN's capabilities for high-frequency switching and power-efficient applications, particularly in telecommunications and data centers. Its solutions enable faster, smaller, and more efficient devices, contributing to the growing demand for advanced power electronics. Both companies' strong global reach and technological advancements have cemented their dominance in the market.

Wide Bandgap Semiconductors Market Companies

Major players operating in the wide bandgap semiconductors industry are:

Infineon Technologies
Rohm
STMicroelectronics
Wolfspeed
Renesas Electronics
Vishay Intertechnology
Texas Instruments

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for wide bandgap semiconductors was valued at USD 1.94 billion in 2023 and is expected to grow at a CAGR of over 10% from 2024 to 2032, driven by the increasing demand for energy-efficient electronic devices.

The automotive segment is expected to dominate the global market with revenues exceeding USD 1.5 billion by 2032, driven by the growing electric vehicle (EV) industry.

North America accounted for over 35% of the global wide bandgap semiconductors industry in 2023, due to its strong presence in advanced industries such as EVs, aerospace, and renewable energy.

Key players in the market include Infineon Technologies, Rohm, STMicroelectronics, Wolfspeed, Renesas Electronics, Vishay Intertechnology, and Texas Instruments.