Global Wide-Bandgap (WBG) Power Semiconductor Devices Market 2020-2024

Global Wide-Bandgap Power Semiconductor Devices Market 2020-2024

Technavio has been monitoring the wide-bandgap power semiconductor devices market and it is poised to grow by USD 2.86 bn during 2020-2024 progressing at a CAGR of 36% during the forecast period. Our reports on wide-bandgap power semiconductor devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the demand for high-power density devices and government initiatives supporting the development of WBG power semiconductors. In addition, demand for high-power density devices is anticipated to boost the growth of the market as well.

The wide-bandgap power semiconductor devices market analysis includes application segment and geographical landscapes

Technavio's wide-bandgap power semiconductor devices market is segmented as below:

By Application

  • UPS and PS systems
  • PV inverters
  • IMDs
  • EVs/HEVs
  • Others
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • MEA
This study identifies strategic collaborations among market participants as one of the prime reasons driving the wide-bandgap power semiconductor devices market growth during the next few years. strategic collaborations among market participants will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our wide-bandgap power semiconductor devices market covers the following areas:
  • Wide-bandgap power semiconductor devices market sizing
  • Wide-bandgap power semiconductor devices market forecast
  • Wide-bandgap power semiconductor devices market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wide-bandgap power semiconductor devices market vendors that include Cree Inc., Hitachi Ltd., Infineon Technologies AG, Microchip Technology Inc., ON Semiconductor Corp., ROHM Co. Ltd., STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., and Transphorm Inc.. Also, the wide-bandgap power semiconductor devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis – Semiconductor equipment
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Service
      • Support activities
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global WBG power semiconductor device market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Increasing focus on renewable energy sources
      • Growing focus of semiconductor players on development of WBG power semiconductors
      • Developments in next-generation telecommunication standards
        • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • UPS and PS systems - Market size and forecast 2019-2024
      • Table UPS and PS systems - Market size and forecast 2019-2024 ($ million)
      • Table UPS and PS systems segment of global WBG power semiconductor device market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table UPS and PS systems - Year-over-year growth 2019-2024 (%)
    • PV inverters - Market size and forecast 2019- 2024
      • Table PV inverters - Market size and forecast 2019-2024 ($ million)
      • Table PV inverters segment of global WBG power semiconductor device market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table PV inverters - Year-over-year growth 2019-2024 (%)
    • IMDs - Market size and forecast 2019-2024
      • Table IMDs - Market size and forecast 2019-2024 ($ million)
      • Table IMDs segment of global WBG power semiconductor device market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table IMDs - Year-over-year growth 2019-2024 (%)
    • EVs/HEVs - Market size and forecast 2019-2024
      • Table EVs/HEVs - Market size and forecast 2019-2024 ($ million)
      • Table EVs/HEVs segment of global WBG power semiconductor device market 2019- 2024 ($ million), exclusive of COVID-19 impact
      • Table EVs/HEVs - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others segment of global WBG power semiconductor device market 2019- 2024 ($ million), exclusive of COVID-19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table WBG power semiconductor device market in APAC 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table WBG power semiconductor device market in Europe 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table WBG power semiconductor device market in North America 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table WBG power semiconductor device market in South America 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table WBG power semiconductor device market in MEA 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing demand for high-power density devices
      • Strategic collaborations among market participants
      • Government initiatives supporting the development of WBG power semiconductors
    • Market challenges
      • High cost of WBG power semiconductor devices
      • Material defects in WBG power semiconductor devices
      • High capital investments
        • Table Impact of drivers and challenges
    • Market trends
      • Growing implementation of signal processing applications
      • Increasing number of foundry services for WBG power semiconductor devices
      • Focus on moving toward larger wafers
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cree Inc.
      • Table Cree Inc. - Overview
      • Table Cree Inc. - Business segments
      • Table Cree Inc. - Key news
      • Table Cree Inc. - Key offerings
      • Table Cree Inc. - Segment focus
    • Hitachi Ltd.
      • Table Hitachi Ltd. - Overview
      • Table Hitachi Ltd. - Business segments
      • Table Hitachi Ltd. - Key news
      • Table Hitachi Ltd. - Key offerings
      • Table Hitachi Ltd. - Segment focus
    • Infineon Technologies AG
      • Table Infineon Technologies AG - Overview
      • Table Infineon Technologies AG - Business segments
      • Table Infineon Technologies AG - Key news
      • Table Infineon Technologies AG - Key offerings
      • Table Infineon Technologies AG - Segment focus
    • Microchip Technology Inc.
      • Table Microchip Technology Inc. - Overview
      • Table Microchip Technology Inc. - Business segments
      • Table Microchip Technology Inc. - Key news
      • Table Microchip Technology Inc. - Key offerings
      • Table Microchip Technology Inc. - Segment focus
    • ON Semiconductor Corp.
      • Table ON Semiconductor Corp. - Overview
      • Table ON Semiconductor Corp. - Business segments
      • Table ON Semiconductor Corp. - Key news
      • Table ON Semiconductor Corp. - Key offerings
      • Table ON Semiconductor Corp. - Segment focus
    • ROHM Co. Ltd.
      • Table ROHM Co. Ltd. - Overview
      • Table ROHM Co. Ltd. - Business segments
      • Table ROHM Co. Ltd. - Key news
      • Table ROHM Co. Ltd. - Key offerings
      • Table ROHM Co. Ltd. - Segment focus
    • STMicroelectronics NV
      • Table STMicroelectronics NV - Overview
      • Table STMicroelectronics NV - Business segments
      • Table STMicroelectronics NV - Key news
      • Table STMicroelectronics NV - Key offerings
      • Table STMicroelectronics NV - Segment focus
    • Texas Instruments Inc.
      • Table Texas Instruments Inc. - Overview
      • Table Texas Instruments Inc. - Business segments
      • Table Texas Instruments Inc.- Key news
      • Table Texas Instruments Inc. - Key offerings
      • Table Texas Instruments Inc. - Segment focus
    • Toshiba Corp.
      • Table Toshiba Corp. - Overview
      • Table Toshiba Corp. - Business segments
      • Table TOSHIBA Corp. - Key news
      • Table Toshiba Corp. - Key offerings
      • Table Toshiba Corp. - Segment focus
    • Transphorm Inc.
      • Table Transphorm Inc. - Overview
      • Table Transphorm Inc. - Product and service
      • Table Transphorm Inc. - Key news
      • Table Transphorm Inc. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook