Published: 17 August 2023
A growing emphasis on energy efficiency and power density is driving the demand for wide-bandgap semiconductor devices in electric vehicles, 5G infrastructure and power converters. These trends will drive the wide-bandgap market to reach $11.5 billion by 2027 at a CAGR of 29% from 2022 to 2027.
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Consumer convenience from faster, compact and multipurpose chargers for battery-powered electronics will surge gallium nitride (GaN)-based chargers’ share from 2% in 2022 to 12% by 2027.
Driven by consumer needs for faster charging with a longer driving range, penetration of silicon carbide (SiC) in battery electric vehicle inverters will increase from 18% in 2022 to 24% by 2027, resulting in a four-fold increase in the number of SiC-enabled vehicles.
Increasing bandwidth requirements for wireless communications will drive the penetration of radio frequency (RF) GaN transistors in medium frequency 5G remote radio heads to 26% by 2027, up from 10% in
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