According to this study, the global Wide Bandgap Semiconductor market size will reach US$ 2119 million by 2031.

Wide band semiconductor materials are semiconductor materials with a band width of 2.3eV and above, typically silicon carbide (SiC) and gallium nitride (GaN). Wideband 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.

Following a strong growth of 26.2 percent in the year 2021, WSTS revised it down to a single digit growth for the worldwide semiconductor market in 2022 with a total size of US$580 billion, up 4.4 percent. WSTS lowered growth estimation as inflation rises and end markets seeing weaker demand, especially those exposed to consumer spending. While some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.8 percent, Sensors with 16.3 percent, and Logic with 14.5 percent growth. Memory declined with 12.6 percent year over year. In 2022, all geographical regions showed double-digit growth except Asia Pacific. The largest region, Asia Pacific, declined 2.0 percent. Sales in the Americas were US$142.1 billion, up 17.0% year-on-year, sales in Europe were US$53.8 billion, up 12.6% year-on-year, and sales in Japan were US$48.1 billion, up 10.0% year-on-year. However, sales in the largest Asia-Pacific region were US$336.2 billion, down 2.0% year-on-year.

LPI (LP Information) newest research report, the Wide Bandgap Semiconductor Industry Forecast looks at past sales and reviews total world Wide Bandgap Semiconductor sales in 2024, providing a comprehensive analysis by region and market sector of projected Wide Bandgap Semiconductor sales for 2025 through 2031. With Wide Bandgap Semiconductor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wide Bandgap Semiconductor industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wide Bandgap Semiconductor 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 Semiconductor.

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

Segmentation by Type:

    Silicon Carbide (SiC) Substrate
    Gallium Nitride (GaN) Substrate
    Aluminum Nitride (AIN) Substrate
    Others

Segmentation by Application:

    Power Discrete Devices
    RF Devices
    Optoelectronic Devices

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 companys coverage, product portfolio, its market penetration.

    Wolfspeed
    Coherent
    TankeBlue Semiconductor
    SICC Materials
    Beijing Cengol Semiconductor
    Resonac
    Hebei Synlight Crystal
    Norstel
    ROHM Group (SiCrystal)
    SK Siltron
    Sanan Optoelectronics
    CETC
    Mitsubishi Chemical
    SUMITOMO ELECTRIC
    Kyma Technologies
    Element Six
    Akash Systems
    Qorvo
    RFHIC Corporation
    Maruwa
    Toshiba Materials
    CeramTec
    Denka
    TD Power Materials
    Kyocera
    CoorsTek
    LEATEC Fine Ceramics
    Fujian Huaqing Electronic Material Technology
    Wuxi Hygood New Technology
    Zhuzhou Ascendus New Material Technology
    Shengda Tech
    Chaozhou Three-Circle (Group)
    Sinoceram Technology (zhengzhou) Co., Ltd
    Zhejiang Zhengtian New Materials
    SiChuan Liufang Yucheng Electronic Technology
    Fujian ZINGIN New Material Technology
    Shandong Sinocera Functional Material
    Hebei Sinopack Electronic Technology
    Chengdu Xuci New Material
    Zhejiang Xinna Ceramic New Material