Product Code: ANV823
REPORT HIGHLIGHT
The global Next Generation Power Semiconductor market is estimated to be worth $40.6 million in 2021. Next Generation Power Semiconductor market is expected to expand at an 15.7% CAGR during the forecast period.
Market Introduction
A semiconductor device used as a rectifier in power electronics is known as a power semiconductor. Modern power electronic circuitry machinery and instruments rely on these devices as a key component. Wireless communication, enhanced control of electric motors, antennas, advanced computer systems, motion control & servo drives, propagation & satellite systems, and broadband wireless techniques are among the applications for these technologies. They are a necessary component of all electrical appliances, machines, and systems. Power Management Systems are always in charge of the electronic systems' reliability, performance, time, and breakage. Integrated circuits make up these systems, and the sort of semiconductor employed ultimately determines the load. GaN, a high-power semiconductor, is displacing traditional semiconductors in integrated circuits. They have a higher power density, a higher breakdown strength, a faster switching speed, a lower on resistance, and a higher level of reliability.
Market Dynamics
The global next generation power semiconductor market is expected to witness lucrative growth in the forecast period. In the IT & consumer electronics industry, automotive, power distribution, and rail transportation industries, the demand for more efficient power management and new safety features has expanded the adoption of power semiconductors. Companies have been able to adopt a collaborative strategy to produce industry-specific products as demand for compact items has grown. To extend their market presence, market participants have concentrated on the development of latest techniques such as silicon carbide-based devices. Moreover, the rising demand of electronics in Asia Pacific is expected to further provide opportunities for global next generation semiconductor market. Every year, millions of electronic products are produced for use in the Asia Pacific and export to other countries. This huge volume of electronic devices and components contributes significantly to the market share of the market under consideration. The increased demand for consumer electronics in India, for example, has aided the growth of the regional market. India's electronics consumption is expected to grow at a CAGR of 25% between 2012 and 2020, according to the Federation of Indian Chambers of Commerce and Industry (FICCI).
Segmentation Analysis
Next Generation Power Semiconductor Market is segmented By Component, Material, End User and Geography. Based on material, silicon carbide segment is expected to witness a lucrative growth of 6.5%. SiC semiconductors are well suited for applications such as inverters and onboard chargers in PHEVs and fully electric vehicles (EVs). This is because to its much superior energy efficiency than standard silicon. The vehicle's power electronics must be able to handle high temperatures in order for EVs to go long distances and charge in a reasonable amount of time. SiC semiconductors have a high energy efficiency of about 95%, which means that just 5% of the energy is lost during power conversion processes like recharging the vehicle at a high-power quick charger.
Moreover, the GaN segment will occupy a significant share of the market. Global electricity demand is expected to rise from 25,000 TWh today to 38,000 TWh in 2050, indicating that power demand is increasing in every market. At the industry level, 8 million data centres utilise 2% to 3% of global energy consumption, with that percentage predicted to climb to more than 5% by 2020. Industrial motors account for 30% of global energy use and rising; by 2040, electric vehicles will account for 5% of global energy consumption (source: GaN Systems). In all of these systems, GaN is preferred over other materials as it minimises losses significantly.
Competitive Landscape
Players compete and collaborate to achieve a significant market share in this fairly fragmented because of presence of large number of market players. The companies are focusing into initiatives such as expansions, product launch and product enhancement to gain a large portion of the Next Generation Power Semiconductor market. Avenir Telecom's Energizer brand launched a new line of GaN (Gallium Nitride) semiconductor-based Power Delivery wall chargers in 20W, 38W, 65W, and 90W in December 2020. This charger identifies devices from USB-C to Lightning connection, including tablets, laptops, gaming consoles, and smartphones. During the same year, ROHM and United Automotive Electronic System established a joint laboratory for silicon carbide (SiC) technology at in Shanghai, China.
Key features of the study:
This proposed research study on Next Generation Power Semiconductor market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Next Generation Power Semiconductor market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Next Generation Power Semiconductor market.
Impact of COVID-19 on Next Generation Power Semiconductor market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Next Generation Power Semiconductor market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Next Generation Power Semiconductor market, we have also included competitive landscape and key innovator analysis for the Next Generation Power Semiconductor market
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Next Generation Power Semiconductor market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Next Generation Power Semiconductor market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Global Next Generation Power Semiconductor Market Key Players
Infineon technologies AG
Texas instruments Inc.
United Silicon Carbide Inc.
ST Microelectronics NV
NXP semiconductor Inc.
ON Semiconductor Corporation
Renesas Electronic Corporation
Broadcom Inc.
Toshiba Corporation
Mitsubishi Electric Corporation
Fuji Electric Co. Ltd
Semikron Internationa
Global Next Generation Power Semiconductor Market by Component
Discrete
Module
Power Integrated Circuits
Global Next Generation Power Semiconductor Market by Material
Silicon/Germanium
Silicon Carbide
Gallium Nitride
Global Next Generation Power Semiconductor Market by End User
Automotive
Consumer Electronics
IT and Telecommunication
Military and Aerospace
Power
Industrial
Others
Global Next Generation Power Semiconductor Market by Region
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
TABLE OF CONTENT
1. Next Generation Power Semiconductor Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Component
- 2.1.2. Market Snippet by Material
- 2.1.3. Market Snippet by End user
- 2.1.4. Market Snippet by Country
- 2.1.5. Market Snippet by Region
- 2.2. Competitive Insights
3. Next Generation Power Semiconductor Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Next Generation Power Semiconductor Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Next Generation Power Semiconductor Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Next Generation Power Semiconductor Market Landscape
- 6.1. Market Share Analysis, 2020
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Next Generation Power Semiconductor Market - By Component
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Component, 2021 & 2028 (%)
- 7.1.2. Discrete
- 7.1.3. Module
- 7.1.4. Power Integrated Circuits
8. Next Generation Power Semiconductor Market - By Material
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Material, 2021 & 2028 (%)
- 8.1.2. Silicon/Germanium
- 8.1.3. Silicon Carbide
- 8.1.4. Gallium Nitride
9. Next Generation Power Semiconductor Market - By End user
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Component, 2021 & 2028 (%)
- 9.1.2. Automotive
- 9.1.3. Consumer Electronics
- 9.1.4. IT and Telecommunication
- 9.1.5. Military and Aerospace
- 9.1.6. Power
- 9.1.7. Industrial
- 9.1.8. Others
10. Next Generation Power Semiconductor Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2021 & 2028 (%)
- 10.2. North America
- 10.2.1. Overview
- 10.2.2. Key Manufacturers in North America
- 10.2.3. North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.2.4. North America Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.2.5. North America Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.2.6. North America Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.2.7. U.S.
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.2.7.3. U.S. Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.2.7.4. U.S. Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.2.7.5. U.S. Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.2.8. Canada
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 1.1.1.3. Canada Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.3. Europe
- 10.3.1. Overview
- 10.3.2. Key Manufacturers in Europe
- 10.3.3. Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.3.4. Europe Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.3.5. Europe Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.3.6. Europe Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.3.7. Germany
- 10.3.7.1. Overview
- 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.7.3. Germany Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.3.7.4. Germany Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.3.7.5. Germany Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.3.8. Italy
- 10.3.8.1. Overview
- 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.8.3. Italy Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.3.8.4. Italy Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.3.8.5. Italy Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.3.9. United Kingdom
- 10.3.9.1. Overview
- 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.9.3. United Kingdom Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.3.9.4. United Kingdom Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.3.9.5. United Kingdom Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.3.10. France
- 10.3.10.1. Overview
- 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.10.3. France Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.3.10.4. France Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.3.10.5. France Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.3.11. Rest of Europe
- 10.3.11.1. Overview
- 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.11.3. Rest of the Europe Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.3.11.4. Rest of the Europe Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.3.11.5. Rest of the Europe Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.4. Asia Pacific (APAC)
- 10.4.1. Overview
- 10.4.2. Key Manufacturers in Asia Pacific
- 10.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.4.4. Asia Pacific Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.4.5. Asia Pacific Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.4.6. Asia Pacific Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.4.7. India
- 10.4.7.1. Overview
- 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.7.3. India Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.4.7.4. India Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.4.7.5. India Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.4.8. China
- 10.4.8.1. Overview
- 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.8.3. China Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.4.8.4. China Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.4.8.5. China Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.4.9. Japan
- 10.4.9.1. Overview
- 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.9.3. Japan Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.4.9.4. Japan Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.4.9.5. Japan Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.4.10. South Korea
- 10.4.10.1. Overview
- 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.10.3. South Korea Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.4.10.4. South Korea Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.4.10.5. South Korea Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.4.11. Rest of APAC
- 10.4.11.1. Overview
- 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.11.3. Rest of APAC Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.4.11.4. Rest of APAC Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.4.11.5. Rest of APAC Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.5. Latin America
- 10.5.1. Overview
- 10.5.2. Key Manufacturers in Latin America
- 10.5.3. Latin America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.5.4. Latin America Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.5.5. Latin America Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.5.6. Latin America Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.5.7. Brazil
- 10.5.7.1. Overview
- 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.7.3. Brazil Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.5.7.4. Brazil Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.5.7.5. Brazil Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.5.8. Mexico
- 10.5.8.1. Overview
- 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.8.3. Mexico Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.5.8.4. Mexico Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.5.8.5. Mexico Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.5.9. Argentina
- 10.5.9.1. Overview
- 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.9.3. Argentina Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.5.9.4. Argentina Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.5.9.5. Argentina Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.5.10. Rest of LATAM
- 10.5.10.1. Overview
- 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.10.3. Rest of LATAM Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.5.10.4. Rest of LATAM Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.5.10.5. Rest of LATAM Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.6. Middle East and Africa
- 10.6.1. Overview
- 10.6.2. Key Manufacturers in Middle East and Africa
- 10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.6.4. Middle East and Africa Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.6.5. Middle East and Africa Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.6.6. Middle East and Africa Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.6.7. Saudi Arabia
- 10.6.7.1. Overview
- 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.6.7.3. Saudi Arabia Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.6.7.4. Saudi Arabia Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.6.7.5. Saudi Arabia Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 10.6.8. United Arab Emirates
- 10.6.8.1. Overview
- 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.6.8.3. United Arab Emirates Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 10.6.8.4. United Arab Emirates Market Size and Forecast, By Material, 2017 - 2028 (US$ Million)
- 10.6.8.5. United Arab Emirates Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
11. Key Vendor Analysis
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Infineon technologies AG
- 11.2.2. Texas instruments Inc.
- 11.2.3. United Silicon Carbide Inc.
- 11.2.4. ST Microelectronics NV
- 11.2.5. NXP Semiconductor Inc.
- 11.2.6. ON Semiconductor Corporation
- 11.2.7. Renesas Electronic Corporation
- 11.2.8. Broadcom Inc.
- 11.2.9. Toshiba Corporation
- 11.2.10. Mitsubishi Electric Corporation
- 11.2.11. Fuji Electric Co. Ltd
- 11.2.12. Semikron Internationa
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us