Market Insights
Next-generation power semiconductors, as the name implies are the latest in technology for use as power semiconductors in electrical and electronic devices used across various industry verticals. Thier development is expected to provide highly efficient power semiconductors for use in different end-use industry verticals over the forecast period of 2017 to 2027, thus driving robust growth for this market.
Market Research Future (MRFR) has performed a thorough analysis of the market to provide a report which reliably indicates present trends, future opportunities and threats that may affect market growth. The need for more efficient semiconductors to keep up with advancing technology in various end-use industries has driven high demand for next-generation power semiconductors market size.MRFR has predicted that the market will grow at a high CAGR and a rapid pace over the forecast period.
Many global market leaders have found themselves at the forefront of research and development of innovative products, thus driving growth and making the market highly competitive. The market is expected to value several billion by the end of 2027.
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Segmentation:
The global next-generation power semiconductors market is segmented on the basis of product material, device, application, and region.
By product material, the global next-generation power semiconductors market is segmented into GaN (gallium nitride) and SiC (silicon carbide).
By device, the global next-generation power semiconductors market is segmented into diodes, MOSFET/IPD, and IGBT/power module.
By application, the global next-generation power semiconductors market is segmented into renewable energy, hybrid and electric vehicles, smart homes, LED lights, and others.
Regional Analysis:
North America is the leading regional market for next-generation power semiconductors and is likely to retain its position over the forecast period due to the growing demand for next-generation power semiconductors from the automotive industry in the region. The automotive industry in North America has shown strong support to electric vehicles in recent years, with many manufacturers producing electric versions of their popular cars, as well as new electric models. Consumers in North America have also emerged as major consumers of electric vehicles due to the growing awareness among them about the benefits of electric vehicles. The strong presence of semiconductor manufacturers in North America is also a major driver for the global next-generation power semiconductors market.
Key Players
The analysis of the competitive landscape of the global next-generation power semi conducters include prominent players such as NXP Semiconductors, Fuji Electric, Infineon Technologies, STMicroelectronics, Mitsubishi Motors, Toshiba, Semikron, Fairchild, Vishay Intertechnology, Renesas Electronics and others.
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Latest Industry News
AGC has decided to invest in a Japanese company which is in the process of successfully developing gallium oxide wafers for use in next-generation power semiconductors with a plan to commercialize by 2020. Novel Crystal Technology is located in Saitama, Japan.
Samsung has disclosed it's process technology roadmap at the annual Samsung Foundry Forum in the U.S. The company has plans to mass produce gate-all-around (GAA) transistors at the 3nm node. They plan to release 5LPE, 4LPE/LPP, 7LPP and 3GAA/GAAP by 2021 with the development set to be completed by 2019. Samsung's 7LPP will be the first ever semiconductor process technology to utilize EUV lithography solution.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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