Global Wide Bandgap (WBG) Semiconductor Material Market Growth 2023-2029

Global Wide Bandgap (WBG) Semiconductor Material Market Growth 2023-2029

Wide band semiconductor materials are semiconductor materials with a band width of 2.3eV and above, typically silicon carbide (SiC) and gallium nitride (GaN). Broadband semiconductor materials generally have much higher critical avalanche breakdown electric field strength and carrier saturation drift rate, higher thermal conductivity and carrier mobility than silicon, therefore, power electronic devices based on broadband semiconductor materials (such as silicon carbide) will have much higher tolerance to high voltage, much lower through-state resistance, better thermal conductivity and thermal stability, and stronger resistance to high temperatures and radiation, and many aspects of performance are improved by orders of magnitude.

LPI (LP Information)' newest research report, the “Wide Bandgap (WBG) Semiconductor Material Industry Forecast” looks at past sales and reviews total world Wide Bandgap (WBG) Semiconductor Material sales in 2022, providing a comprehensive analysis by region and market sector of projected Wide Bandgap (WBG) Semiconductor Material sales for 2023 through 2029. With Wide Bandgap (WBG) Semiconductor Material sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wide Bandgap (WBG) Semiconductor Material industry.

This Insight Report provides a comprehensive analysis of the global Wide Bandgap (WBG) Semiconductor Material landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wide Bandgap (WBG) Semiconductor Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wide Bandgap (WBG) Semiconductor Material market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wide Bandgap (WBG) Semiconductor Material and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wide Bandgap (WBG) Semiconductor Material.

The global Wide Bandgap (WBG) Semiconductor Material market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Wide Bandgap (WBG) Semiconductor Material is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Wide Bandgap (WBG) Semiconductor Material is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Wide Bandgap (WBG) Semiconductor Material is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Wide Bandgap (WBG) Semiconductor Material players cover Toshiba, Texas Instruments, Saint Gobain, Sumitomo Electric Industries, Fujitsu, Mitsubishi, CREE WOLFSPEED, II-VI Incorporated and SINYO Co., Ltd., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Wide Bandgap (WBG) Semiconductor Material market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Gallium Nitride Substrates
Silicon Carbide Substrates

Segmentation by application
LED Lighting
Medical
Electronic
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toshiba
Texas Instruments
Saint Gobain
Sumitomo Electric Industries
Fujitsu
Mitsubishi
CREE WOLFSPEED
II-VI Incorporated
SINYO Co., Ltd.
TankeBlue Semiconductor
SICC Materials
Showa Denko
Beijing Cengol
Hebei Synlight
ROHM
SK Siltron
Koninklijke Philips

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wide Bandgap (WBG) Semiconductor Material market?

What factors are driving Wide Bandgap (WBG) Semiconductor Material market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wide Bandgap (WBG) Semiconductor Material market opportunities vary by end market size?

How does Wide Bandgap (WBG) Semiconductor Material break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.