Global Wide Bandgap Semiconductor Growth Opportunities

Global Wide Bandgap Semiconductor Growth Opportunities

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

RELEASE DATE
03-Apr-2023
REGION
Global
Research Code: K877-01-00-00-00
SKU: TM00725-GL-MT_27540
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Description

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

Author: Navdeep Saboo

Table of Contents

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™

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)

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 Electronics Ecosystem and the Demand for Chips

The Indian Semiconductor Policy

India WBG Semiconductor Ecosystem

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 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 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 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 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

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 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)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

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 Author: Navdeep Saboo
More Information
Author Navdeep Saboo
Industries Test and Measurement Instrumentation
No Index No
Is Prebook No
Keyword 1 Wide Bandgap Semiconductors
Keyword 2 Semiconductor Industry Outlook
Keyword 3 Semiconductor Outlook
Podcast No
WIP Number K877-01-00-00-00