Contents
Why compound semiconductors
Compound semiconductors such as Silicon Carbide and Gallium Nitride offer natural Moore’s Law like benefit over silicon in power semiconductor switching applications. They take less space, reduce power consumption, produce less heat and increase speed compared to silicon. Due to these inherent advantages they offer, they are fast replacing Silicon MOSFETs and IGBT in all kinds of semiconductor applications from low-power to high-power.
Market outlook to 2030
Both Silicon Carbide and Gallium Nitride market is estimated to grow very fast compared to other segments. The silicon Carbide’s market is estimated to reach US$ 70 billion by 2030 at a CAGR of 25% from 2023. The Gallium Nitride (GaN) market to reach a market of 2.8 billion dollars and estimated to grow at CAGR of 26% from 2022 to 2030. Typically Gallium Nitride is applied in a low-power and low voltage areas whereas silicon Carbide used in high-power and high voltage switching applications. Electric vehicles is big market for silicon Carbide whereas AC/DC adapters used in consumer and smart phones is big market for Gallium Nitride.
- Silicon Carbide market by 2030, at a CAGR of 25% from 2023
- US$ 70 bn
- Gallium Nitride market by 2030, at a CAGR of 26% from 2022
- US$ 2.8 bn
- Leading SiC vendors named: STMicroelectronics, On Semiconductor, Toshiba and Infineon
- 4
Leading vendors
The four leading vendors in Silicon Carbide market include STMicroelectronics, On Semiconductor, Toshiba and Infineon. In the Gallium Nitride market Transphorm, EPC, Qorvo are some of the leading vendors.
Silicon Carbide (SiC)
- STMicroelectronics
- On Semiconductor
- Toshiba
- Infineon
Gallium Nitride (GaN)
- Transphorm
- EPC
- Qorvo
Key trends
The key trends in this industry include:
- Material/wafer supply agreement
- End market agreements
- Consolidation of vendors
Request this report
For more details (content, cost, and sample) on this report email to nsr@emittsolutions.com