Global Wide Bandgap Semiconductor Growth Opportunities

Description

Transition of EVs to 800 V Battery Systems, 5G Deployments, Need for Higher Efficiency, and Focus on Sustainability Will Fuel Transformational Growth of Wide Bandgap Semiconductors through 2032

The global wide bandgap (WBG) semiconductor market is expected to witness unprecedented growth during the next 10 years as industries look for energy-efficient and high-performance electronics. This study focuses on SiC and GaN-based devices (SiC power, GaN power, and RF GaN semiconductor), which are gaining prominence across end-user industries due to their characteristics supporting high voltage, switching frequency, and efficiency. The report analyzes WBG semiconductor growth potential in each end-user industry. With transformative Mega Trends, such as electric mobility, 5G deployments, and renewable electricity, gaining full steam, the study showcases how WBG semiconductors will support these trends. In addition, it analyzes the industry reshaping with vertical integration and the impact of the ongoing geopolitical chaos.

The study identifies key growth opportunities and factors that will boost or restrain market growth. With 2022 as the base year, the report estimates market size and future growth prospects up to 2032. It follows a specific methodology that includes discussions with senior management of the WBG semiconductor ecosystem supported by secondary research.

The report analyzes the market based on end-user, material, component, voltage ratings, and geography. It offers an in-depth analysis with segmentation by end-users, including automotive, industrial, consumer electronics, communications & IT, and energy & utility. The segmentation by voltage ratings includes less than 650 V, 650 V to 1700 V, and more than 1700 V. Segmentation by materials covers silicon carbide (SiC) and gallium nitride (GaN), and component type analysis is done for discretes and modules.

The study offers a regional perspective of demand patterns in various advanced and emerging markets of:

Americas: Includes North America (US and Canada), Latin America (Brazil, Mexico, Argentina, and Central and South America), and others, such as Caribbean Islands

Europe, Middle East, and Africa (EMEA), including Russia

Asia-Pacific (APAC): Countries on the western border of the Pacific Ocean, including those on the Indo-Chinese Peninsula and the Pacific Islands, as well as Central Asia

A few driving factors of the WBG semiconductor market are rising green energy demand, transition of e-mobility from 400 V to 800 V battery systems, miniaturization trend, and the need for high speed, power, performance, and efficiency in modern-day electronic devices.

The study identifies crystal defects in WBG substrates, relatively less technological maturity, electromagnetic interference/electromagnetic compatibility (EMI/EMC) concerns with WBG, unfavorable geopolitical scenarios, and supply-demand imbalance as primary market restraints.

In addition, this report offers the following:

Analysis of pricing trends in the WBG semiconductor market

In-depth analysis of each end-user sector and WBG opportunity

SiC and GaN penetration of the global semiconductor landscape

Discussion of semiconductor wafer size evolution

Comparison of WBG semiconductors with silicon

Key market trend analysis includes vertical GaN development, evolution of transistor structure, green hydrogen economy, and emergence and potential of next-generation WBG technologies

Analysis of SiC and GaN manufacturing value chain

Key semiconductor initiatives worldwide and implications on the WBG semiconductor landscape

Competitive analysis of key player market shares

Product Code: K877-30

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the WBG Semiconductor Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
WBG Semiconductors-Definition and Significance of GaN and SiC
The Si Dilemma and the WBG Solution
Differentiation between Silicon and WBG Semiconductors
Differentiation between Silicon and WBG Semiconductors (continued)
Properties and the Impact of WBG Devices on System Performance
Composition of the WBG Semiconductor Market-2022 and 2032
Segmentation by End Users
Segmentation by Voltage Rating
Key Competitors
Growth Metrics
Distribution Channels
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Material
SiC and GaN Semiconductors-A Comparison
SiC Manufacturing Value Chain
GaN Manufacturing Value Chain
Revenue Forecast by End User
Emerging Applications Employing WBG Semiconductors
Penetration of SiC and GaN in the Global Semiconductor Landscape
Revenue Forecast by Region
Global Semiconductor-focused Policies and Initiatives
Revenue Forecast by Voltage Ratings
Revenue Forecast by Component
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Revenue Forecast Analysis (continued)
WBG Semiconductors Enable Cost Savings
Pricing Trends and Forecast Analysis
Pricing Trends and Forecast Analysis (continued)
Competitive Environment
Revenue Share
Revenue Share Analysis
Revenue Share Analysis (continued)
Competitiveness of Major Companies
Analysis of Competition
Analysis of Competition (continued)
Top Participants-Product and Application Highlights, 2022
Top Participants-Product and Application Highlights, 2022 (continued)

Market Trends

Trend 1: Semiconductor Wafer Size Evolution
Trend 1: Semiconductor Wafer Size Evolution (continued)
Trend 2: The Case of Diamond as a WBG Semiconductor
Trend 2: The Case of Diamond as a WBG Semiconductor (continued)
Trend 3: Vertical GaN (GaN-on-GaN)
Trend 4: Packaging Trends in WBG Semiconductors
Trend 4: Packaging Trends in WBG Semiconductors (continued)
Trend 5: Move from Planar to Trench SiC Transistor Structures for Higher Power Density and Lower Conduction Resistance

Indian WBG Semiconductor Ecosystem

Indian Electronics Ecosystem and the Demand for Chips
The Indian Semiconductor Policy
India WBG Semiconductor Ecosystem

Growth Opportunity Analysis-Automotive

Growth Metrics
Revenue Forecast
Revenue Forecast by Material
Revenue Forecast by Region
Revenue Forecast by Voltage Ratings
Revenue Forecast by Component
Forecast Analysis
Forecast Analysis (continued)
Forecast Analysis (continued)
Typical Automotive SiC Supply Chain
Automakers are Manufacturing and Designing Traction Inverters In-House
2023 Tesla Investor Day Presentation Takes the WBG Market by Storm
SiC Compared to Si in EV Powertrain
Competitive Environment
Revenue Share

Growth Opportunity Analysis-Industrial

Growth Metrics
Revenue Forecast
Revenue Forecast by Material
Revenue Forecast by Region
Revenue Forecast by Voltage Ratings
Revenue Forecast by Component
Forecast Analysis
Forecast Analysis (continued)
Competitive Environment
Revenue Share

Growth Opportunity Analysis-Consumer Electronics

Growth Metrics
Revenue Forecast
Revenue Forecast by Material
Revenue Forecast by Region
Revenue Forecast by Voltage Ratings
Revenue Forecast by Component
Forecast Analysis
Forecast Analysis (continued)
Competitive Environment

Growth Opportunity Analysis-Communication & IT

Growth Metrics
Revenue Forecast
Revenue Forecast by Material
Revenue Forecast by Region
Revenue Forecast by Voltage Ratings
Revenue Forecast by Component
Forecast Analysis
Forecast Analysis (continued)
5G Deployments-State of Affairs, 2022
Competitive Environment

Growth Opportunity Analysis-Energy & Utility

Growth Metrics
Revenue Forecast
Revenue Forecast by Material
Revenue Forecast by Region
Revenue Forecast by Voltage Ratings
Revenue Forecast by Component
Forecast Analysis
Forecast Analysis (continued)
WBG Semiconductors-Aiding in Enabling the Green Hydrogen Economy
Competitive Environment
Revenue Share

WBG Semiconductors and Sustainability

Top 5 Trends for Sustainability and the Circular Economy
Semiconductor Ecosystem Alignment with UN SDGs Critical to Paving the Path to Decarbonization
Semiconductor Ecosystem Alignment with UN SDGs Critical to Paving the Path to Decarbonization (continued)
UN Sustainable Development Goals
STMicroelectronics
Onsemi
Infineon Technologies
Navitas Semiconductor

Growth Opportunity Universe

Growth Opportunity 1: GaN Devices in Power Electronic Applications
Growth Opportunity 1: GaN Devices in Power Electronic Applications (continued)
Growth Opportunity 2: Digital Transformation
Growth Opportunity 2: Digital Transformation (continued)
Growth Opportunity 3: Boosting Profits through Sustainability
Growth Opportunity 3: Boosting Profits through Sustainability (continued)
Growth Opportunity 4: Next-Generation Inspection and Metrology Techniques
Growth Opportunity 4: Next-Generation Inspection and Metrology Techniques (continued)
Growth Opportunity 5: Quality and Supply Security with Vertical Integration
Growth Opportunity 5: Quality and Supply Security with Vertical Integration (continued)
Growth Opportunity 6: Power Efficiency Legislations Across End-user Industries
Growth Opportunity 6: Power Efficiency Legislations Across End-user Industries (continued)
Growth Opportunity 7: Industry 4.0 and Automation
Growth Opportunity 7: Industry 4.0 and Automation (continued)

Next Steps

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List of Exhibits
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