Global Wide-Bandgap (WBG) Power Semiconductor Devices Market 2019-2023

LONDON, Dec. 10, 2018 /PRNewswire/ --

About this market

With the growing implementation of signal processing applications including radio detection and ranging (radar), UAVs, unmanned underwater vehicles (UUVs), sound navigation and ranging (SONAR), in the aerospace and defense sector, the adoption of wide-bandgap power semiconductor devices is likely to increase considerably resulting in the market to register a CAGR of close to 39% by 2023.

Download the full report: https://www.reportbuyer.com/product/5647266

Market Overview
Increasing demand for high-power density devices
As the WBG semiconductors operate at much higher temperatures compared to conventional semiconductors, their adoption has significantly increased in manufacturing high-power density devices including EV batteries, motor drivers, military and industrial components.
High cost of WBG power semiconductor devices
Owing to the high material and substrate costs of SiC and GaN, the manufacturing costs of WBG power semiconductor devices also increases considerably, which in turn, hinders the growth of the market. The prices of these devices range between USD 1,800 to USD 2000 as compared to that of Si wafers costing as low as USD 19.02.
For the detailed list of factors that will drive and challenge the growth of the wide-bandgap power semiconductor devices market during the 2019-2023, view our report.

Competitive Landscape
The market appears to be concentrated with the presence of a few companies manufacturing WBG power semiconductor devices with high-quality and advanced features for catering the evolving needs of the consumers. This industry research report offers comprehensive analysis about the companies competing in the market for improving their shares in the market and retaining their market positions. It also offers key strategies followed by the companies to make informed decisions.

Download the full report: https://www.reportbuyer.com/product/5647266

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com

SOURCE ReportBuyer

Related Links

http://www.reportbuyer.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED