Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

SiC and GaN Power Semiconductor Market Outlook from 2024 to 2034

Future Market Insight (FMI), in its latest report, estimates the global SiC & GaN power semiconductor market size to reach US$ 2,170.8 million in 2024. Sales are predicted to soar at an impressive CAGR of 27.1%, courtesy of which the global market valuation will total a staggering US$ 23,718.0 million by 2034.

SiC and GaN Power Semiconductor Market Insights

Attributes Key Insights
Base Market Value in 2023 US$ 1,747.3 million
Market Size in 2024 US$ 2,170.8 million
Market Value in 2034 US$ 23,718.0 million
Value CAGR (2024 to 2034) 27.1%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

SiC and GaN Power Semiconductor Market Dynamics

With trends like electric vehicle revolution, industrial automation, and renewable energy integration gaining momentum, the importance of power semiconductors increases significantly. These electronic devices are mainly used as switches and find applications in power electronics, including automobiles and mobile devices, etc., that need controlled and stabilized power supply.

Compound semiconductors, including gallium nitride (GaN) and silicon carbide (SiC), offer numerous benefits over traditional silicone-based semiconductors. They work more efficiently at high temperatures, high power densities, higher voltages, and higher frequencies. As a result, their demand is rising rapidly.

GaN and SiC power semiconductors are increasingly adopted in applications such as industrial PV inverters, motor devices, power supplies, and others. High adoption of these applications will provide the impetus for the growth of the SiC & GaN power semiconductor market through 2034.

The rise of renewable energy sector is ushering a new life into SiC and GaN power semiconductor industry. Several governments and regulatory bodies globally are launching new initiatives to facilitate the adoption of eco-friendly energy sources.

For instance, in 2021, the European Commission introduced the European Solar Initiative to scale up Europe's solar PV industrial ecosystem. Such initiatives are anticipated to generate high demand for power semiconductors like SiC and GaN through 2034.

Key Factors Propelling Demand for SiC & GaN Power Semiconductors

Escalating demand for energy-efficient electronic devices and systems is set to boost sales growth. SiC and GaN power semiconductors offer excellent performance when it comes to lower energy loss, making them suitable where efficiency is paramount.

High preference for silicon carbide (sic) power devices over conventional silicon semiconductors due to their multiple advantages will fuel their demand. Similarly, the shift towards renewable energy sources and surging adoption of hybrid and electrified vehicles are predicted to propel SiC & GaN power semiconductor demand.

Sudip Saha
Sudip Saha

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Factors Limiting SiC and GaN Power Semiconductor Market Growth

Lack of formalized testing and qualification processes can hamper market growth. Complexity of designing an efficient and reliable circuit with SiC & GaN components can be difficult. High initial investment and construction costs can deter adoption. Similarly, supply chain disruptions and shortages can hinder SiC and GaN production.

Opportunities for the SiC and GaN Power Semiconductor Industry

Growth of 5G network technology is set to create growth opportunities for SiC and GaN power semiconductors manufacturers. The high efficiency of SiC power devices is fueling their adoption in industrial device applications.

Another key factor creating growth prospects for the market is the escalating demand for compact and efficient power electronics in consumer electronics. Subsequently, increased focus on energy efficiency in automotive systems is leading to the adoption of SiC and GaN devices.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Latest SiC & GaN Power Semiconductor Market

A key trend observed in the silicon carbide and gallium nitride power devices industry is a collaboration between semiconductor manufacturers to accelerate innovation and market movement. Increased availability of gallium nitride (GaN) in RF microwave applications due to its high-frequency capabilities will propel demand.

Advances in packaging technology are increasing thermal efficiency and reliability of power semiconductors. This will positively impact the SiC and GaN power electronics market during the projection period.

Historical Performance Vs. Future SiC and GaN Power Semiconductor Demand Outlook

From 2019 to 2023, global sales of SiC & GaN power semiconductors grew at a CAGR of 9.4%, reaching a market size of US$ 1,747.3 million in 2023. This growth was fueled by increased demand for power semiconductors in electric vehicles (EVs), power storage devices, and other applications.

Future Forecast for SiC and GaN Power Semiconductor Market

Over the forecast period, the global SiC & GaN power semiconductor industry is poised to rise at a CAGR of 27.1%. Total valuation at the end of 2034 is predicted to reach US$ 23,718.0 million, spurred by rising popularity of electric vehicles and adoption of industrial automation.

The transition toward renewable energy resources is acting as a catalyst triggering SiC and GaN power semiconductor sales. This is because these power semiconductors are increasingly used in renewable energy systems to enhance their efficiency and performance.

As technology continues to evolve, manufacturers are focusing on developing novel solutions with high performance and improved efficiency. This will bode well for the market during the assessment period.

Overview of Adjacent Markets

The section comprehensively evaluates three interrelated markets: the global SiC & GaN power semiconductor market, the automotive semiconductor industry, and the wide bandgap semiconductor sector. It provides distinctive characteristics of each market, including their CAGRs, while delving into the pivotal factors that influence their growth trajectories.

Global SiC & GaN Power Semiconductor Market Analysis:

Attributes Analysis of Silicon Carbide and Gallium Nitride Power Device Industry Outlook
CAGR (2024 to 2034) 27.1%
Growth Factor Escalating demand for SiC & GaN power semiconductors in automotive and industrial applications is boosting growth of SiC and GaN power semiconductor market.
Key Trends in the SiC & GaN Power Semiconductor Market High adoption of automation and robotics and the rise of electric vehicles are growth-shaping trends.

Global Automotive Semiconductor Market Analysis:

Attributes Global Automotive Semiconductor Demand Outlook
CAGR (2024 to 2034) 7.1%
Growth Factor With auto sector embracing electrification, demand for automotive semiconductors is set to rise rapidly.
Key Trends in Automotive Semiconductor Market Growing popularity of autonomous vehicles and integration of advanced technologies like ADAS will further boost market growth.

Wide Bandgap Semiconductor Market Outlook:

Attributes Wide Bandgap Semiconductor Sales Forecast
CAGR (2024 to 2034) 1.3.1%
Growth Factor High adoption of wide bandgap semiconductors across industries like consumer electronics, defense, and automotive is fueling sales growth.
Key Trends in the Wide Bandgap Semiconductor Market Escalating popularity of electric and hybrid vehicles is set to propel demand for wide bandgap (WBG) semiconductors like gallium nitride (GaN) and silicon carbide (SiC).

Country-wise Insights

The section below sheds light on nations leading the global industry. The United States, Japan, Korea, and China are set to remain leading end-users of SiC & GaN power devices owing to the booming semiconductor industry and the rise of electric vehicles.

Countries CAGR (2024 to 2034)
United States 27.6%
Canada 29%
Germany 26%
United Kingdom 24%
China 31.1%
Japan 28.5%
South Korea 29.6%

Electric and Hybrid Vehicle Adoption Propelling Demand in the United States

The United States SiC & GaN power semiconductor market value is forecast to grow significantly, tolating US$ 3,804 million by 2034. Demand for SiC & GaN power semiconductors in the nation will surge at an impressive CAGR of 27.6% over the next ten years.

Growing adoption of electric vehicles (EVs) is a prominent factor fueling demand for high-performance energy semiconductors such as SiC and GaN in the United States. This is because these semiconductors are essential to increase the performance and energy efficiency of the EV powertrain.

Escalating popularity of renewable energy systems such as solar and wind energy in the United States is creating the need for capable advanced power electronics, where SiC and GaN semiconductors excel. These semiconductors enhance the efficiency of renewable energy systems.

The surging trend towards industrial automation in various industries is anticipated to uplift demand for SiC and GaN power semiconductors in the United States. This is because these powerful semiconductors offer high efficiency, low switching losses, and improved thermal performance in automation systems.

Growth of EV and Renewable Energy Sectors Boosting Sales in China

Future Market Insights’ latest analysis predicts China SiC & GaN power semiconductor market to thrive at a staggering 31.1% CAGR during the forecast period. Sales of SiC and GaN power semiconductors in the country will total around US$ 6,019.2 million by 2034.

China is emerging as a key player in the electric vehicle sector due to growing environmental concerns and favorable government support. This, in turn, is positively impacting SiC & GaN power semiconductor sales.

SiC and GaN power semiconductors are widely used in motor drives, powertrains, lighting systems, LiDAR autonomous control, and other automotive applications. Thus, growing popularity of electric vehicles in China will boost sales growth through 2034.

There is also a surge in demand for high-performance semiconductors as adoption of renewable energy systems such as solar and wind energy continues to increase. SiC and GaN power semiconductors can handle the high power requirements of these systems and improve their performance.

Category-wise Insights

The section below sheds some light on leading segments along with their projected growth rates. Companies can use this information to offer demanding products to solidify their positions in the global industry.

By material type, the SiC segment will retain its market dominance, holding a share of 78.3% by 2034. Based on component, the transistors segment will thrive at a robust CAGR of 28%. By application, the automotive segment is set to account for a revenue share of 74.0% in 2034.

Demand Remains High for Silicon Carbide (SiC) Power Semiconductors

Market Growth Outlook by Material Type

By Material Type Value CAGR
SiC 26.6%
GaN 29.1%

The latest analysis predicts the SiC power semiconductor segment to grow at 26.6% CAGR during the next decade. It will total a valuation of US$ 18,564 million by 2034, holding around 78.3% of the global SiC & GaN power semiconductor market share.

Growing usage of SiC in electric vehicles and renewable energy systems like solar inverters is boosting segment growth. SiC semiconductor’s ability to handle high voltages and temperatures makes them popular in these high-power applications.

Silicon carbide (SiC) has become the most important resource to be used when dealing with new wide-bandgap, which allows less losses and more switching speed. SiC semiconductors offer higher efficiency than silicon, mainly due to significantly lower energy loss and reverse charge. This leads to more switching power and less energy required in the switch-on and switch-off phase.

GaN segment, however, is catching up and is set to rise at a higher CAGR of 29.1% through 2034. This can be attributed to GaN’s high-frequency capabilities and other advantages.

Transistors Category Witnessing Impressive Growth Owing to Wide Applications

Market Growth Outlook By Component

Component Value CAGR
Diodes 26.2%
Transistor 28.0%
Power Module 27.7%
Hybrid Devices 25.9%

As per the latest report, transistor segment is poised to grow at a staggering CAGR of 28.0% through 2034. This is attributable to escalating adoption of transistors, especially metal-oxide-semiconductor field-effect transistors (MOSFETs), for a wide range of applications in power electronics.

Silicon carbide transistors are increasingly used in high-voltage power converters as they can meet the stringent requirements regarding size, weight, and/or efficiency of these applications. The excellent properties of silicon carbide (SiC) enable the design of fast-switching unipolar devices as opposed to IGBT (Insulated Gate Bipolar Transistor) switches.

WBG transistors have the tendency to switch faster and can work at higher frequencies than silicon. The unique combination of these features makes these transistors attractive for demanding circuits used in automotive applications, especially electric vehicles and hybrid electric vehicles (HEVs).

SiC and GaN Power Device Usage Remains High in Automotive Applications

Market Growth Outlook By Application

Application Value CAGR
Automotive 26.9%
Industrial 27.6%

When it comes to SiC & GaN power semiconductor usage, the automotive industry leads from the forefront. The target segment is set to thrive at 26.9% CAGR during the assessment period, accounting for a revenue share of 74.0% in 2034.

The use of semiconductors within automobiles continues to increase. The increased semiconductor value in cars comes from chips used in advanced driver-assistance systems for safety and autonomous-driving features, as well as in the electrification of engine drive systems as the world moves toward a more carbon-neutral environment.

Silicon carbide and gallium nitride are capable of operating at higher frequencies, voltages, and temperatures. This is making them more efficient and ideal for high-performance automotive applications.

The escalating demand for EVs and the recognized benefits of power semiconductors are encouraging major investments in SiC and GaN technologies in automotive industries. As the major players continue to invest heavily in research and development, the market is set to witness the introduction of more and more semiconductors for automotive applications.

Competition Landscape

Key players are focusing on providing tailored SiC & GaN power semiconductor solutions to meet the specific needs of their clients. They are constantly looking to develop advanced power semiconductors for novel applications.

Various companies are employing strategies like partnerships, distribution agreements, and collaborations to stay ahead of the competition. For instance, recently, Vitesco Technologies entered into a strategic partnership with Canada-based GaN Systems Inc., a leading developer of Gallium Nitride power transistors.

The market is also witnessing mergers and acquisitions as companies look to strengthen their presence in attractive regions. For instance, recently, Transphorm, Inc., a prominent leader in manufacturing wide bandgap gallium nitride (GaN) semiconductor technologies, was acquired by Renesas Electronics Corporation.

Key Players in the SiC & GaN Power Semiconductor Market

  • STMicroelectronics N.V.
  • Infineon Technologies
  • Wolfspeed, Inc.
  • ROHM Semiconductor
  • On Semiconductor Corp
  • NXP Semiconductors N.V.
  • Microsemi Corporation
  • Qorvo (United Silicon Carbide Inc.)
  • IQE PLC
  • AGC Inc.
  • Genesic Semiconductor Inc.
  • Panasonic Corporation
  • Semikron Danfoss
  • DACO SEMICONDUCTOR CO., LTD.

Key Developments in the SiC & GaN Power Semiconductor Market

  • In January 2023, Japan-based Fuji Electric Co., Ltd. introduced the MICREX-VieW FOCUS Evolution for monitoring and control systems.
  • In 2021, ON Semiconductor, a leading American semiconductor supplier, introduced novel silicon carbide MOSFET module solutions for charging electric and hybrid vehicles.
  • In February 2022, STMicroelectronics, headquartered in Switzerland, released different automotive High Side Drivers in a popular PowerSSO-16 package style.
  • In February 2023, Wolfspeed, Inc., a prominent manufacturer of wide-bandgap semiconductors, and ZF announced partnered to develop a joint innovation lab to advance in Silicon Carbide systems and devices.

Key Coverage in Global SiC and GaN Power Semiconductor Market Research Report

  • Adjacent Study on Global SiC and GaN Power IC Market, SiC and GaN Power Transistors Market, and SiC and GaN Power Module Market
  • Top Players in Wide Bandgap Power Semiconductor Market
  • Scope of High-voltage SiC and GaN Devices Market in India
  • Emerging Trends in SiC and GaN Power Switching Devices Market
  • Market Dynamics of Market Dynamics of SiC and GaN Power Electronics in Developed and Developing Regions
  • Overview of Wide Bandgap Power Semiconductor Market in the United Kingdom
  • Latest Trends in SiC and GaN Power Transistors
  • Future Outlook for High-voltage SiC and GaN Devices Globally
  • Challenges and Opportunities in SiC and GaN Power Switching Devices Industry

SiC and GaN Power Semiconductor Market Segmentation

By Material Type:

  • SiC
  • GaN

By Component:

  • Diodes
  • Transistor
  • Power Module
  • Hybrid Devices

By Application:

  • Automotive
    • Powertrain
    • On-board Charger
    • Fast & Wireless Charging
    • On-board DC/DC Converter
    • Motor Drive
    • xEV Components
    • Traction Inverters
    • Lighting System
    • LiDAR Autonomous Control
    • Others
  • Industrial
    • Power Supplies
    • Charging Equipment
    • Power Storage
    • Motor Drives
    • PV Inverter
    • Traction Motor Components
    • Communication Equipment
    • Lighting System
    • Robotics Control System
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East and Africa

Frequently Asked Questions

How big is the SiC & GaN power semiconductor market?

The global market is set to hit a value of US$ 2,170.8 million by 2024.

What is the demand outlook for SiC & GaN power semiconductors?

Global demand is predicted to rise at 27.1% CAGR through 2034.

What is the projected market size for 2034?

The SiC & GaN power semiconductor market size is set to reach US$ 23,718.0 million by 2034.

Which application segment dominates the market?

With a 75.1% share in 2024, the automotive segment will retain its market dominance.

Who are the key manufacturers of SiC & GaN power semiconductors?

STMicroelectronics N.V., Infineon Technologies, and ROHM Semiconductor.

What is the market share of SiC power devices?

The SIC power semiconductor segment held a market share of 81.3% in 2023.

What is SiC in semiconductor industry?

A compound semiconductor composed of carbide and silicon.

Which is better, GaN or SiC?

GaN is generally considered better than SiC due to its multiple advantages.

What companies are SiC and GaN makers?

Infineon Technologies, Fujitsu Limited, NXP Semiconductors N.V., and Maxim Integrated.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Pricing Models

    3.1. Pricing Analysis, By Material Type

    3.2. Regional/Country Average Pricing Model Analysis

4. Market Background

    4.1. Macro-Economic Factors

    4.2. Forecast Factors - Relevance & Impact

    4.3. Value Chain

    4.4. COVID-19 Crisis - Impact Assessment

        4.4.1. Current Statistics

        4.4.2. Short-Mid-Long Term Outlook

        4.4.3. Likely Rebound

    4.5. Market Dynamics

        4.5.1. Drivers

        4.5.2. Restraints

        4.5.3. Opportunity Analysis

5. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034

    5.1. Historical Market Value (US$ million) Analysis, 2019 to 2023

    5.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034

    6.1. Historical Market Shipments (‘000 Units) Analysis, 2019 to 2023

    6.2. Current and Future Market Shipments (‘000 Units) Projections, 2024 to 2034

        6.2.1. Y-o-Y Growth Trend Analysis

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Material Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ million) Analysis By Material Type, 2019 to 2023

    7.3. Current and Future Market Size (US$ million) Analysis and Forecast By Material Type, 2024 to 2034

        7.3.1. SiC

        7.3.2. GaN

    7.4. Market Attractiveness Analysis By Material Type

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Component

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ million) Analysis By Application, 2019 to 2023

    8.3. Current and Future Market Size (US$ million) Analysis and Forecast By Component, 2024 to 2034

        8.3.1. Diodes

        8.3.2. Transistor

        8.3.3. Power Module

        8.3.4. Hybrid Devices

    8.4. Market Attractiveness Analysis By Component

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) Analysis By Application, 2019 to 2023

    9.3. Current and Future Market Size (US$ million) Analysis and Forecast By Application, 2024 to 2034

        9.3.1. Automotive

            9.3.1.1. Powertrain

            9.3.1.2. On-board Charger

            9.3.1.3. Fast & Wireless Charging

            9.3.1.4. On-board DC/DC Converter

            9.3.1.5. Motor Drive

            9.3.1.6. xEV Components

            9.3.1.7. Traction Inverters

            9.3.1.8. Lighting Systems

            9.3.1.9. LiDAR Autonomous Control

            9.3.1.10. Other

        9.3.2. Industrial

            9.3.2.1. Power Supplies

            9.3.2.2. Charging Equipment

            9.3.2.3. Power Storage

            9.3.2.4. Motor Drives

            9.3.2.5. PV Inverter

            9.3.2.6. Traction Motor Components

            9.3.2.7. Communication Equipment

            9.3.2.8. Lighting System

            9.3.2.9. Robotics Control System

            9.3.2.10. Others

    9.4. Market Attractiveness Analysis By Application

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region

    10.1. Introduction

    10.2. Historical Market Size (US$ million), 2019 to 2023

    10.3. Current and Future Market Size (US$ million) Analysis and Forecast By Region, 2024 to 2034

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia

        10.3.5. South Asia and Oceania

        10.3.6. Middle East and Africa

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    11.1. Introduction

    11.2. Historical Market Size (US$ million) Analysis By Market Taxonomy, 2019 to 2023

    11.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034

        11.3.1. By Country

            11.3.1.1. United States

            11.3.1.2. Canada

        11.3.2. By Material Type

        11.3.3. By Component

        11.3.4. By Application

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Material Type

        11.4.3. By Component

        11.4.4. By Application

12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    12.1. Introduction

    12.2. Historical Market Size (US$ million) Analysis By Market Taxonomy, 2019 to 2023

    12.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034

        12.3.1. By Country

            12.3.1.1. Mexico

            12.3.1.2. Brazil

            12.3.1.3. Rest of Latin America

        12.3.2. By Material Type

        12.3.3. By Component

        12.3.4. By Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Material Type

        12.4.3. By Component

        12.4.4. By Application

13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    13.1. Introduction

    13.2. Historical Market Size (US$ million) Analysis By Market Taxonomy, 2019 to 2023

    13.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034

        13.3.1. By Country

            13.3.1.1. China

            13.3.1.2. Japan

            13.3.1.3. South Korea

        13.3.2. By Material Type

        13.3.3. By Component

        13.3.4. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Material Type

        13.4.3. By Component

        13.4.4. By Application

14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    14.1. Introduction

    14.2. Historical Market Size (US$ million) Analysis By Market Taxonomy, 2019 to 2023

    14.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034

        14.3.1. By Country

            14.3.1.1. Germany

            14.3.1.2. United Kingdom

            14.3.1.3. France

            14.3.1.4. Spain

            14.3.1.5. Italy

            14.3.1.6. BENELUX

            14.3.1.7. Nordics

            14.3.1.8. Russia

            14.3.1.9. Rest of Europe

        14.3.2. By Material Type

        14.3.3. By Component

        14.3.4. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Material Type

        14.4.3. By Component

        14.4.4. By Application

15. South Asia & Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    15.1. Introduction

    15.2. Historical Market Size (US$ million) Analysis By Market Taxonomy, 2019 to 2023

    15.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034

        15.3.1. By Country

            15.3.1.1. India

            15.3.1.2. Indonesia

            15.3.1.3. Thailand

            15.3.1.4. Malaysia

            15.3.1.5. Australia & New Zealand

            15.3.1.6. Rest of South Asia & Pacific

        15.3.2. By Material Type

        15.3.3. By Component

        15.3.4. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Material Type

        15.4.3. By Component

        15.4.4. By Application

16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    16.1. Introduction

    16.2. Historical Market Size (US$ million) Analysis By Market Taxonomy, 2019 to 2023

    16.3. Current and Future Market Size (US$ million) Forecast By Market Taxonomy, 2024 to 2034

        16.3.1. By Country

            16.3.1.1. GCC Countries

            16.3.1.2. Turkiye

            16.3.1.3. Egypt

            16.3.1.4. South Africa

            16.3.1.5. Rest of Middle East and Africa

        16.3.2. By Material Type

        16.3.3. By Component

        16.3.4. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Material Type

        16.4.3. By Component

        16.4.4. By Application

17. Country-wise Market Analysis

    17.1. United States Market Analysis

        17.1.1. By Material Type

        17.1.2. By Component

        17.1.3. By Application

    17.2. Canada Market Analysis

        17.2.1. By Material Type

        17.2.2. By Component

        17.2.3. By Application

    17.3. Mexico Market Analysis

        17.3.1. By Material Type

        17.3.2. By Component

        17.3.3. By Application

    17.4. Brazil Market Analysis

        17.4.1. By Material Type

        17.4.2. By Component

        17.4.3. By Application

    17.5. Germany Market Analysis

        17.5.1. By Material Type

        17.5.2. By Component

        17.5.3. By Application

    17.6. Italy Market Analysis

        17.6.1. By Material Type

        17.6.2. By Component

        17.6.3. By Application

    17.7. France Market Analysis

        17.7.1. By Material Type

        17.7.2. By Component

        17.7.3. By Application

    17.8. United Kingdom Market Analysis

        17.8.1. By Material Type

        17.8.2. By Component

        17.8.3. By Application

    17.9. Spain Market Analysis

        17.9.1. By Material Type

        17.9.2. By Component

        17.9.3. By Application

    17.10. Russia Market Analysis

        17.10.1. By Material Type

        17.10.2. By Component

        17.10.3. By Application

    17.11. China Market Analysis

        17.11.1. By Material Type

        17.11.2. By Component

        17.11.3. By Application

    17.12. Japan Market Analysis

        17.12.1. By Material Type

        17.12.2. By Component

        17.12.3. By Application

    17.13. South Korea Market Analysis

        17.13.1. By Material Type

        17.13.2. By Component

        17.13.3. By Application

    17.14. India Market Analysis

        17.14.1. By Material Type

        17.14.2. By Component

        17.14.3. By Application

    17.15. Indonesia Market Analysis

        17.15.1. By Material Type

        17.15.2. By Component

        17.15.3. By Application

    17.16. Australia & New Zealand Market Analysis

        17.16.1. By Material Type

        17.16.2. By Component

        17.16.3. By Application

    17.17. GCC Countries Market Analysis

        17.17.1. By Material Type

        17.17.2. By Component

        17.17.3. By Application

    17.18. Turikye Market Analysis

        17.18.1. By Material Type

        17.18.2. By Component

        17.18.3. By Application

    17.19. South Africa Market Analysis

        17.19.1. By Material Type

        17.19.2. By Component

        17.19.3. By Application

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies

    18.2. Market Share Analysis of Key Players

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Deep Dive

        19.2.1. STMicroelectronics N

            19.2.1.1. Business Overview

            19.2.1.2. Component Material Type Portfolio and Strengths

            19.2.1.3. Key Financials

            19.2.1.4. Go-to-Market Approach & Strategies

            19.2.1.5. Recent Developments (Partnerships, Mergers etc.)

        19.2.2. Infineon Technologies

        19.2.3. Wolfspeed, Inc

        19.2.4. ROHM Semiconductor

        19.2.5. ON Semiconductor Corp

        19.2.6. NXP Semiconductors N

        19.2.7. Microsemi Corporation

        19.2.8. Qorvo (UnitedSiC)

        19.2.9. Alpha and Omega Semiconductor

        19.2.10. Littlefuse

        19.2.11. Vincotech GmbH ( Mitsubishi Electric)

        19.2.12. Epiluvac AB (Veeco)

        19.2.13. Renesas Electronics

        19.2.14. Fuji Electric Systems Co

        19.2.15. Toshiba

        19.2.16. Raytheon (RTX Corporation)

        19.2.17. IQE PLC

        19.2.18. AGC Inc.

        19.2.19. Genesic semiconductor Inc

        19.2.20. Panasonic Corporation

        19.2.21. Semikron Danfoss

        19.2.22. DACO SEMICONDUCTOR CO.,LTD.

        19.2.23. SemiQ Inc

        19.2.24. VisIC Technologies

        19.2.25. SK Powertech

20. Assumptions and Acronyms Used

21. Research Methodology

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

List of Tables

Table 1: Global Market Value (US$ million) Analysis (2019 to 2023) By Component

Table 2: Global Market Value (US$ million) Forecast (2024 to 2034) By Component

Table 3: Global Market Value (US$ million) Analysis (2019 to 2023) by Application

Table 4: Global Market Value (US$ million) Forecast (2024 to 2034) by Application

Table 5: Global Market Value (US$ million) Analysis (2019 to 2023) by Material Type

Table 6: Global Market Value (US$ million) Forecast (2024 to 2034) by Material Type

Table 7: Global Market Value (US$ million) Analysis (2019 to 2023) By Region

Table 8: Global Market Value (US$ million) Forecast (2024 to 2034) By Region

Table 9: North America Market Value (US$ million) Analysis (2019 to 2023) By Component

Table 10: North America Market Value (US$ million) Forecast (2024 to 2034) By Component

Table 11: North America Market Value (US$ million) Analysis (2019 to 2023) by Application

Table 12: North America Market Value (US$ million) Forecast (2024 to 2034) by Application

Table 13: North America Market Value (US$ million) Analysis (2019 to 2023) by Material Type

Table 14: North America Market Value (US$ million) Forecast (2024 to 2034) by Material Type

Table 15: North America Market Value (US$ million) Analysis (2019 to 2023) by Country

Table 16: North America Market Value (US$ million) Forecast (2024 to 2034) by Country

Table 17: Latin America Market Value (US$ million) Analysis (2019 to 2023) By Component

Table 18: Latin America Market Value (US$ million) Forecast (2024 to 2034) By Component

Table 19: Latin America Market Value (US$ million) Analysis (2019 to 2023) by Application

Table 20: Latin America Market Value (US$ million) Forecast (2024 to 2034) by Application

Table 21: Latin America Market Value (US$ million) Analysis (2019 to 2023) by Material Type

Table 22: Latin America Market Value (US$ million) Forecast (2024 to 2034) by Material Type

Table 23: Latin America Market Value (US$ million) Analysis (2019 to 2023) by Country

Table 24: Latin America Market Value (US$ million) Forecast (2024 to 2034) by Country

Table 25: Europe Market Value (US$ million) Analysis (2019 to 2023) By Component

Table 26: Europe Market Value (US$ million) Forecast (2024 to 2034) By Component

Table 27: Europe Market Value (US$ million) Analysis (2019 to 2023) by Application

Table 28: Europe Market Value (US$ million) Forecast (2024 to 2034) by Application

Table 29: Europe Market Value (US$ million) Analysis (2019 to 2023) by Material Type

Table 30: Europe Market Value (US$ million) Forecast (2024 to 2034) by Material Type

Table 31: Europe Market Value (US$ million) Analysis (2019 to 2023) by Country

Table 32: Europe Market Value (US$ million) Forecast (2024 to 2034) by Country

Table 33: South Asia & Oceania Market Value (US$ million) Analysis (2019 to 2023) By Component

Table 34: South Asia & Oceania Market Value (US$ million) Forecast (2024 to 2034) By Component

Table 35: South Asia & Oceania Market Value (US$ million) Analysis (2019 to 2023) by Application

Table 36: South Asia & Oceania Market Value (US$ million) Forecast (2024 to 2034) by Application

Table 37: South Asia & Oceania Market Value (US$ million) Analysis (2019 to 2023) by Material Type

Table 38: South Asia & Oceania Market Value (US$ million) Forecast (2024 to 2034) by Material Type

Table 39: South Asia & Oceania Market Value (US$ million) Analysis (2019 to 2023) by Country

Table 40: South Asia & Oceania Market Value (US$ million) Forecast (2024 to 2034) by Country

Table 41: East Asia Market Value (US$ million) Analysis (2019 to 2023) By Component

Table 42: East Asia Market Value (US$ million) Forecast (2024 to 2034) By Component

Table 43: East Asia Market Value (US$ million) Analysis (2019 to 2023) by Application

Table 44: East Asia Market Value (US$ million) Forecast (2024 to 2034) by Application

Table 45: East Asia Market Value (US$ million) Analysis (2019 to 2023) by Material Type

Table 46: East Asia Market Value (US$ million) Forecast (2024 to 2034) by Material Type

Table 47: East Asia Market Value (US$ million) Analysis (2019 to 2023) by Country

Table 48: East Asia Market Value (US$ million) Forecast (2024 to 2034) by Country

Table 49: Middle East and Africa Market Value (US$ million) Analysis (2019 to 2023) By Component

Table 50: Middle East and Africa Market Value (US$ million) Forecast (2024 to 2034) By Component

Table 51: Middle East and Africa Market Value (US$ million) Analysis (2019 to 2023) by Application

Table 52: Middle East and Africa Market Value (US$ million) Forecast (2024 to 2034) by Application

Table 53: Middle East and Africa Market Value (US$ million) Analysis (2019 to 2023) by Material Type

Table 54: Middle East and Africa Market Value (US$ million) Forecast (2024 to 2034) by Material Type

Table 55: Middle East and Africa Market Value (US$ million) Analysis (2019 to 2023) by Country

Table 56: Middle East and Africa Market Value (US$ million) Forecast (2024 to 2034) by Country
Sudip Saha
Sudip Saha

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

List of Charts

Figure 1: Global Market Value (US$ million), 2019 to 2023

Figure 2: Global Market Value (US$ million), 2024 to 2034

Figure 3: Global Market Size (US$ million) and Y-o-Y Growth Rate from 2024 to 2034

Figure 4: Global Market Size and Y-o-Y Growth Rate from 2024 to 2034

Figure 5: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Component

Figure 6: Global Market Value Share Analysis (2024 to 2034) by Component

Figure 7: Global Market Attractiveness by Component

Figure 8: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Material Type

Figure 9: Global Market Value Share Analysis (2024 to 2034) by Material Type

Figure 10: Global Market Attractiveness by Material Type

Figure 11: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Application

Figure 12: Global Market Value Share Analysis (2024 to 2034) by Application

Figure 13: Global Market Attractiveness by Application

Figure 14: Global Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Region

Figure 15: Global Market Value Share Analysis (2024 to 2034) by Region

Figure 16: Global Market Attractiveness by Region

Figure 17: North America Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 18: Latin America Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 19: Europe Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 20: East Asia Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 21: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 22: Middle East & Africa Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 23: North America Market Value (US$ million), 2019 to 2023

Figure 24: North America Market Value (US$ million), 2024 to 2034

Figure 25: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Component

Figure 26: North America Market Value Share Analysis (2024 to 2034) by Component

Figure 27: North America Market Attractiveness by Component

Figure 28: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Material Type

Figure 29: North America Market Value Share Analysis (2024 to 2034) by Material Type

Figure 30: North America Market Attractiveness by Material Type

Figure 31: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Application

Figure 32: North America Market Value Share Analysis (2024 to 2034) by Application

Figure 33: North America Market Attractiveness by Application

Figure 34: North America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Country

Figure 35: North America Market Value Share Analysis (2024 to 2034) by Country

Figure 36: North America Market Attractiveness by Country

Figure 37: United States Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 38: Canada Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 39: Latin America Market Value (US$ million), 2019 to 2023

Figure 40: Latin America Market Value (US$ million), 2024 to 2034

Figure 41: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Component

Figure 42: Latin America Market Value Share Analysis (2024 to 2034) by Component

Figure 43: Latin America Market Attractiveness by Component

Figure 44: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Material Type

Figure 45: Latin America Market Value Share Analysis (2024 to 2034) by Material Type

Figure 46: Latin America Market Attractiveness by Material Type

Figure 47: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Application

Figure 48: Latin America Market Value Share Analysis (2024 to 2034) by Application

Figure 49: Latin America Market Attractiveness by Application

Figure 50: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Country

Figure 51: Latin America Market Value Share Analysis (2024 to 2034) by Country

Figure 52: Latin America Market Attractiveness by Country

Figure 53: Brazil Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 54: Mexico Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 55: Rest of Latin America Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 56: Europe Market Value (US$ million), 2019 to 2023

Figure 57: Europe Market Value (US$ million), 2024 to 2034

Figure 58: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Component

Figure 59: Europe Market Value Share Analysis (2024 to 2034) by Component

Figure 60: Europe Market Attractiveness by Component

Figure 61: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Material Type

Figure 62: Europe Market Value Share Analysis (2024 to 2034) by Material Type

Figure 63: Europe Market Attractiveness by Material Type

Figure 64: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Application

Figure 65: Europe Market Value Share Analysis (2024 to 2034) by Application

Figure 66: Europe Market Attractiveness by Application

Figure 67: Europe Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Country

Figure 68: Europe Market Value Share Analysis (2024 to 2034) by Country

Figure 69: Europe Market Attractiveness by Country

Figure 70: Germany Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 71: Italy Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 72: France Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 73: United Kingdom Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 74: Spain Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 75: BENELUX Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 76: Russia Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 77: Nordics Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 78: Rest of Europe Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 79: East Asia Market Value (US$ million), 2019 to 2023

Figure 80: East Asia Market Value (US$ million), 2024 to 2034

Figure 81: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Component

Figure 82: East Asia Market Value Share Analysis (2024 to 2034) by Component

Figure 83: East Asia Market Attractiveness by Component

Figure 84: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Material Type

Figure 85: East Asia Market Value Share Analysis (2024 to 2034) by Material Type

Figure 86: East Asia Market Attractiveness by Material Type

Figure 87: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Application

Figure 88: East Asia Market Value Share Analysis (2024 to 2034) by Application

Figure 89: East Asia Market Attractiveness by Application

Figure 90: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Country

Figure 91: East Asia Market Value Share Analysis (2024 to 2034) by Country

Figure 92: East Asia Market Attractiveness by Country

Figure 93: China Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 94: Japan Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 95: South Korea Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 96: South Asia & Oceania Market Value (US$ million), 2019 to 2023

Figure 97: South Asia & Oceania Market Value (US$ million), 2024 to 2034

Figure 98: South Asia & Oceania Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Component

Figure 99: South Asia & Oceania Market Value Share Analysis (2024 to 2034) by Component

Figure 100: South Asia & Oceania Market Attractiveness by Component

Figure 101: South Asia & Oceania Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Material Type

Figure 102: South Asia & Oceania Market Value Share Analysis (2024 to 2034) by Material Type

Figure 103: South Asia & Oceania Market Attractiveness by Material Type

Figure 104: South Asia & Oceania Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Application

Figure 105: South Asia & Oceania Market Value Share Analysis (2024 to 2034) by Application

Figure 106: South Asia & Oceania Market Attractiveness by Application

Figure 107: South Asia & Oceania Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Country

Figure 108: South Asia & Oceania Market Value Share Analysis (2024 to 2034) by Country

Figure 109: South Asia & Oceania Market Attractiveness by Country

Figure 110: India Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 111: Indonesia Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 112: Thailand Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 113: Malaysia Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 114: Australia & New Zealand Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 115: Rest of South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 116: Middle East & Africa Market Value (US$ million), 2019 to 2023

Figure 117: Middle East & Africa Market Value (US$ million), 2024 to 2034

Figure 118: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Component

Figure 119: Middle East & Africa Market Value Share Analysis (2024 to 2034) by Component

Figure 120: Middle East & Africa Market Attractiveness by Component

Figure 121: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Material Type

Figure 122: Middle East & Africa Market Value Share Analysis (2024 to 2034) by Material Type

Figure 123: Middle East & Africa Market Attractiveness by Material Type

Figure 124: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Application

Figure 125: Middle East & Africa Market Value Share Analysis (2024 to 2034) by Application

Figure 126: Middle East & Africa Market Attractiveness by Application

Figure 127: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Country

Figure 128: Middle East & Africa Market Value Share Analysis (2024 to 2034) by Country

Figure 129: Middle East & Africa Market Attractiveness by Country

Figure 130: Egypt Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 131: GCC Countries Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 132: Turkiye Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 133: South Africa Market Absolute $ Opportunity (US$ million), 2019 to 2034

Figure 134: Rest of Middle East & Africa Market Absolute $ Opportunity (US$ million), 2019 to 2034

Recommendations

Technology

Semiconductor Assembly and Testing Service Market

Published : March 2024

Technology

Automotive Semiconductor Market

Published : February 2023

Technology

Wide Bandgap Semiconductors Market

Published : July 2022

Technology

RF Power Semiconductor Market

Published : November 2018

Explore Technology Insights

View Reports

SiC and GaN Power Semiconductor Market