With the growing implementation of signal processing applications including radio detection and ranging (radar), UAVs, unmanned underwater vehicles (UUVs), sound navigation and ranging (SONAR), in the aerospace and defense sector, the adoption of wide-bandgap power semiconductor devices is likely to increase considerably resulting in the market to register a CAGR of close to 39% by 2023.
Market Overview
Increasing demand for high-power density devices
As the WBG semiconductors operate at much higher temperatures compared to conventional semiconductors, their adoption has significantly increased in manufacturing high-power density devices including EV batteries, motor drivers, military and industrial components.
High cost of WBG power semiconductor devices
Owing to the high material and substrate costs of SiC and GaN, the manufacturing costs of WBG power semiconductor devices also increases considerably, which in turn, hinders the growth of the market. The prices of these devices range between USD 1,800 to USD 2000 as compared to that of Si wafers costing as low as USD 19.02.
Competitive Landscape
The market appears to be concentrated with the presence of a few companies manufacturing WBG power semiconductor devices with high-quality and advanced features for catering the evolving needs of the consumers. This industry research report offers comprehensive analysis about the companies competing in the market for improving their shares in the market and retaining their market positions. It also offers key strategies followed by the companies to make informed decisions.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Preface
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
UPS and PS systems - Market size and forecast 2018-2023
PV inverters - Market size and forecast 2018-2023
IMDs - Market size and forecast 2018-2023
EVs/HEVs - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2018-2023
EMEA - Market size and forecast 2018-2023
Americas - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: TRENDS
Growing implementation of signal processing applications
Increasing number of foundry services for WBG power semiconductor devices
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