Next-Generation Power Semiconductors Market - Growth Drivers, Opportunities and Forecast Analysis to 2027

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Market Insights

Next-generation power semiconductors, as the name implies are the latest in technology for use as power semiconductors in electrical and electronic devices used across various industry verticals. Thier development is expected to provide highly efficient power semiconductors for use in different end-use industry verticals over the forecast period of 2017 to 2027, thus driving robust growth for this market.

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Market Research Future (MRFR) has performed a thorough analysis of the market to provide a report which reliably indicates present trends, future opportunities and threats that may affect market growth. The need for more efficient semiconductors to keep up with advancing technology in various end-use industries has driven high demand for next-generation power semiconductors. MRFR has predicted that the market will grow at a high CAGR and a rapid pace over the forecast period.

Many global market leaders have found themselves at the forefront of research and development of innovative products, thus driving growth and making the market highly competitive. The market is expected to value several billion by the end of 2027.

Market Segmentation

The global market has been segmented to provide a comprehensive view and understanding of the next-generation power semiconductors and their various components. Segmentation has been done by product material, device, application, and region.

By product material, the market has been segmented to include Gallium Nitride (GaN) and Silicon Carbide (SiC). Of these, GaN is expected to hold the largest share due to the growing preference for the material in semiconductors over SiC.

By device, the market has been segregated into diode, MOSFET/IPD, and IGBT/Power module.

By applications, the market has been segmented to include renewable energy, hybrid & electric vehicle, smart homes, LED lights and others.

By region, the global market has been divided into the North America, Europe, the Asia-Pacific (APAC) and the Rest of the World (Row)

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Regional Analysis

North America, with its booming automotive industry and high demand and consumption of personal devices such as laptops, smartphones, and tablets, has captured the largest market share globally. There are several key players in this region who are actively developing new and efficient next-generation semiconductor technology which is expected to boost this market further.

Meanwhile, the Asia Pacific is projected to grow at the highest CAGR and a rapid pace due to the massive consumer population with rising disposable incomes in the region. The demand for personal devices from the consumers in this region are fuelling rapid and robust growth for the next-generation power semiconductor market, and due to this, the region is likely to take over North America's lead by the end of 2027. There is also a strong presence of technology giants in countries such as South Korea and Japan where ongoing R&D is expected to further market growth.

Key Players

The analysis of the competitive landscape of the global next-generation power semi conducters include prominent players such as NXP Semiconductors, Fuji Electric, Infineon Technologies, STMicroelectronics, Mitsubishi Motors, Toshiba, Semikron, Fairchild, Vishay Intertechnology, Renesas Electronics and others.

Latest Industry News

AGC has decided to invest in a Japanese company which is in the process of successfully developing gallium oxide wafers for use in next-generation power semiconductors with a plan to commercialize by 2020. Novel Crystal Technology is located in Saitama, Japan.

Samsung has disclosed it's process technology roadmap at the annual Samsung Foundry Forum in the U.S. The company has plans to mass produce gate-all-around (GAA) transistors at the 3nm node. They plan to release 5LPE, 4LPE/LPP, 7LPP and 3GAA/GAAP by 2021 with the development set to be completed by 2019. Samsung's 7LPP will be the first ever semiconductor process technology to utilize EUV lithography solution. 

 

About Market Research Future:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

 

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