GaN and SiC Power Semiconductor Market Share, Revenue, Price, Growth Rate Ranking Analysis Report 2025-2031

GaN and SiC Power Semiconductor Market Summary

This report studies the GaN Power Devices and SiC Power Devices. In terms of market size, currently, GaN power devices are about one-tenth of SiC power devices. Gallium nitride (GaN) is used as the wide band gap material for next generation power semiconductors and high frequency devices. SiC (silicon carbide) is a compound semiconductor composed of silicon and carbide. SiC provides a number of advantages over silicon, including 10x the breakdown electric field strength, 3x the band gap, and enabling a wider range of p- and n-type control required for device construction.

According to the new market research report “Global GaN and SiC Power Semiconductor Market Report 2025-2031”, published by LP Information, the global GaN and SiC Power Semiconductor market size is projected to reach USD 21.06 billion by 2031, at a CAGR of 21.0% during the forecast period.

 

Global GaN and SiC Power Semiconductor MarketSize(US$ Million), 2020-2031

 

Above data is based on report from LP Information Semiconductor Research Center: Global GaN and SiC Power Semiconductor Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact LP Information.

Global MarketSize: GaN Power Semiconductor VS SiC Power Semiconductor(US$ Million), 2020-2031

 

Above data is based on report from LP Information Semiconductor Research Center: Global GaN and SiC Power Semiconductor Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact LP Information.

 

Global GaN and SiC Power Semiconductor Top40Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

 

Above data is based on report from LP Information Semiconductor Research Center: Global GaN and SiC Power Semiconductor Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact LP Information.

According to LP Information, the global key manufacturers of GaN and SiC Power Semiconductor include onsemi, STMicroelectronics, Infineon (GaN Systems), Wolfspeed, BYD Semiconductor, Bosch, United Nova Technology, Innoscience, Navitas (GeneSiC), Guangdong AccoPower Semiconductor, etc. In 2024, the global top 10 players had a share approximately 84.0% in terms of revenue.

 

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For more information, please refer to "2025 Global Market GaN and SiC Power Semiconductor , Major Manufacturers, Major Regions, Products and Application Segmentation Research Report - LP Information". This report analyzes the supply and demand situation, development status, and industry development changes of this industry. The current development status of the industry, how to face the development challenges of the industry, development suggestions for the industry, industry competitiveness, as well as investment analysis and trend prediction of the industry were analyzed emphatically. The report also comprehensively summarizes the overall development trends of the industry, including the impact of the latest US tariffs on the global supply chain, an analysis of the supply relationship in the industrial chain, and provides reference suggestions and specific solutions for the industry in terms of products.

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