Market Insights
Next-generation power semiconductors, as the name suggests are the most recent in innovation for use as power semiconductors in electrical and electronic gadgets utilized across different industry verticals. Thier improvement is relied upon to give exceptionally proficient power semiconductors to use in various end-use industry verticals over the figure time of 2017 to 2027, accordingly driving vigorous development for this market.
Market Research Future (MRFR) has played out an exhaustive investigation of the market to give a report which dependably demonstrates present patterns, future open doors and dangers that might influence market development. The requirement for more effective semiconductors to stay aware of propelling innovation in different end-use enterprises has driven appeal for next-generation power semiconductors market investigation. MRFR has anticipated that the market will develop at a high CAGR and a quick speed over the estimate time frame.
Numerous worldwide market pioneers have wound up at the front of innovative work of creative items, accordingly driving development and making the market exceptionally serious. The market is relied upon to esteem a few billion before the finish of 2027.
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Market Segmentation
The global Next-Generation Power Semiconductors Market Analysis has been segmented to provide a comprehensive view and understanding of the next-generation power semiconductors and their various components. Segmentation has been done by product material, device, application, and region.
By product material, the market has been segmented to include Gallium Nitride (GaN) and Silicon Carbide (SiC). Of these, GaN is expected to hold the largest share due to the growing preference for the material in semiconductors over SiC.
By device, the market has been segregated into diode, MOSFET/IPD, and IGBT/Power module.
By applications, the market has been segmented to include renewable energy, hybrid & electric vehicle, smart homes, LED lights and others.
By region, the global market has been divided into the North America, Europe, the Asia-Pacific (APAC) and the Rest of the World (Row)
Regional Analysis
North America, with its roaring car industry and popularity and utilization of individual gadgets like PCs, cell phones, and tablets, has caught the biggest market share worldwide. There are a few central participants in this district who are effectively growing new and productive next-generation semiconductor innovation as would be considered normal to help this market further.
In the interim, the Asia Pacific is projected to develop at the most noteworthy CAGR and a quick speed because of the monstrous shopper populace with rising dispensable livelihoods in the area. The interest for individual gadgets from the purchasers in this area are fuelling fast and hearty development for the next-generation power semiconductor market, and because of this, the locale is probably going to assume control over North America's lead before the finish of 2027. There is additionally a solid presence of innovation goliaths in nations like South Korea and Japan where progressing R&D is relied upon to additional market development.
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.
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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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