The global wide-bandgap power semiconductor instrument market is expected to reach USD 3.36 Billion by 2028, according to a new report by Reports and Data. Wide bandgap semiconductors are those which have a wide bandgap between the valence band and the conduction band. With wide bandgap semiconductor instrument play a significant role in achieving high efficiency in high power density instrument. These semiconductors have approximately ten fold better conduction capability and switching property than silicon-based semiconductors. Wide bandgap materials are inherently suitable for power electronic instrument that provide fast response, and are comparatively smaller and more efficient, with capacity to endure higher input voltages and higher temperatures than their silicon-based counterparts. These characteristics, along with better longevity and greater reliability, place wide bandgap power semiconductor instrument as main drivers for key emerging applications like hybrid electric automobiles and renewable energy generation and hence, stimulate the market demand. These instrument also play a crucial role in enhancing the efficiency of existing applications.
As wide bandgap semiconductor power instrument are light weight, easy to maintain, provide enhanced control with fault detection capability, these instrument are intensively used in field of defense and aeronautics especially in applications like RADAR, SONAR, unmanned aerial vehicles, and unmanned underwater vehicles use intensive processing that generates an enormous quantity of heat and as a result want high performance and durable instrument to function efficiently and provide the desired output. The above mentioned uses of WBG power semiconductor instrument would further boost the market demand.
High cost involved in the production of wide bandgap power semiconductor instrument would result in higher price of such instrument in comparison to silicon based semiconductor instrument and thus may act as a restraining factor for this market.
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These characteristics make them highly suitable for applications in the defense and aeronautics industries, particularly in areas such as RADAR, SONAR, unmanned aerial vehicles (UAVs), and unmanned underwater vehicles (UUVs). These applications require intensive processing, which generates a significant amount of heat. Therefore, high-performance and durable instrument are essential for efficient operation and desired output.
The use of WBG power semiconductor instrument in the defense and aeronautics sectors is expected to further drive market demand. The Asia Pacific region, in particular, is projected to be the main revenue-generating region for WBG power semiconductor instrument throughout the forecast period. The market in this region is expected to grow at a compound annual growth rate (CAGR) of 23.1% during the forecast period, and it held a market share of around 44% in 2020.
The significant growth in the deployment of uninterrupted power supply instrument in data centers and the increasing investments in high signal processing equipment, especially in the military and aviation industries, contribute to the market's growth in the Asia Pacific region. As a result, the implementation of wide-bandgap power semiconductor instrument in this region is expected to experience a surge in demand during the forecast period.
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Key Regional Markets Covered in the Report:
Top 10 Companies Operating in the Global Wide-Bandgap (WBG) Power Microchip Instrument Market:
Transphorm, Infineon Technologies, Texas Instruments, GaN Systems, ST Microelectronics, Microsemi, Genesic Microchips, United Silicon Carbide, Exagon, and Monolith Microchip.
Further key findings from the report suggest
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