Wide Band Gap Semiconductor Market Influential Factors Determining the Trajectory of the Market 2019 – 2027

High Growth Potential of GaN Devices in Radio Frequency Applications

The introduction of silicon carbide (SiC) and gallium nitride (GaN) is slowing down the usage of silicon in radio frequency (RF) applications, LED (light emitting diodes) lighting, and optoelectronics. In the global wide band gap (WBG) semiconductor market, revenues of SiC- and GaN-based semiconductors are estimated to reach ~US$ 1.5 billion and ~US$ 1.2 billion, respectively, by 2027 – the highest amongst all materials.

Due to the high growth potential of SiC and GaN-based wide band gap semiconductors, manufacturers are increasing their usage in radio frequency applications. Manufacturers in the wide band gap semiconductor landscape are benefitting from the increased usage of smartphones and tablets.

New trends such as increased online streaming of videos has doubled the number of mobile device users, which has led to increased data usage. Hence, manufacturers are heavily using SiC and GaN based semiconductors in high-performance wireless and telecommunications systems to manage the increased load of traffic in data usage. GaN semiconductors devices are being increasingly used to support operational bandwidth, since they facilitate higher voltage operation and ease impedance matching.

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Incremental Opportunities in Optoelectronics and LED Lighting

The favorable growth projection of the LED lighting market is creating incremental opportunities for manufacturers in the wide band gap semiconductor (WBGS) ecosystem. Despite high initial cost to set up a business for LED lighting, stakeholders in the LED lighting landscape are using GaN-based wide band gap semiconductors to achieve high efficiency, durability, and environmental-friendliness in LED lighting. These key attributes help stakeholders in the LED lighting landscape efficiently recover earlier-invested initial costs, and serves as a win-win situation even for manufacturers in the wide band gap semiconductor market.

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Manufacturers in the WBGS landscape are also increasing their production capabilities for LED lighting. Efficacious energy savings and longer lifetimes of LED lighting serve as efficient options for consumers. This is why LED lighting sales are expected to surpass traditional filament-based incandescent lightings in the coming years. LED lighting also poses as a potential threat to CFL (compact fluorescent light) bulbs, as the former serves as a mercury-free alternative to the latter.

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