The gan and sic power semiconductor market size has grown exponentially in recent years. It will grow from $1.85 billion in 2025 to $2.31 billion in 2026 at a compound annual growth rate (CAGR) of 24.3%. The growth in the historic period can be attributed to growth in early power electronics adoption, expansion of industrial motor drives, increased use in renewable energy inverters, reliance on silicon-based switching devices, initial adoption in hybrid vehicles.
The gan and sic power semiconductor market size is expected to see exponential growth in the next few years. It will grow to $5.45 billion in 2030 at a compound annual growth rate (CAGR) of 24%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, rising deployment of fast-charging infrastructure, expansion of high-efficiency photovoltaic inverters, growth in industrial automation power modules, development of next-generation wide bandgap semiconductor materials. Major trends in the forecast period include adoption of high-efficiency wide bandgap power devices, expansion of intelligent power conversion platforms, development of IoT-enabled semiconductor monitoring, advancement of AI-assisted power management systems, integration of cloud-connected power electronics.
The increasing adoption of electric vehicles is anticipated to drive the growth of the GaN and SiC power semiconductor market in the future. An electric vehicle is defined as a vehicle powered by an electric motor that draws energy from a rechargeable battery. Gallium nitride power semiconductors are utilized in electric vehicles for high-efficiency power transistors and integrated circuits. SiC power semiconductors offer several advantages over silicon, such as a breakdown electric field strength that is 10 times greater and a band gap that is 3 times wider, making them suitable for electric vehicles. For example, in June 2024, a report by the International Energy Agency (IEA), a France-based intergovernmental organization, noted that energy efficiency investments increased by 16% to USD 600 billion in 2022, spurred by government stimulus programs. Global heat pump sales also rose over 10%, with nearly 40% growth in Europe, while electric vehicles represented 14% of global car sales, with projections to reach 18% in 2023. Consequently, the rising penetration of electric vehicles is fueling demand for the GaN and SiC power semiconductor market.
Leading innovators in the GaN and SiC power semiconductor market are focusing on developing technological advancements such as integrated GaN-based bidirectional power ICs to improve power conversion efficiency, enable compact system design, and support high-frequency operation in electric vehicles (EVs), renewable energy systems, and data centers. Integrated GaN power ICs combine high-electron-mobility transistor (HEMT) structures and driver circuitry within a single package - allowing higher breakdown voltages, ultra-fast switching speeds, lower energy losses, and smaller form factors compared to traditional silicon-based MOSFETs or IGBTs. For instance, in April 2025, Navitas Semiconductor Corporation, a US-based power semiconductor company, launched the 650 V Bi-Directional GaNFast Power ICs designed for next-generation EV on-board chargers, solar inverters, and motor drives. The product integrates GaN power switches and gate drivers into a single chip, supports bidirectional power flow for both charging and discharging, and enables higher power density and system efficiency while reducing size, weight, and thermal losses.
In October 2023, Infineon Technologies AG, a leading German semiconductor manufacturer, completed the acquisition of GaN Systems Inc. for a significant $830 million. This acquisition marks a substantial leap in Infineon's GaN roadmap, solidifying its position as a prominent player in the GaN landscape. By integrating GaN Systems Inc., a Canada-based company specializing in gallium nitride (GaN) power semiconductors, Infineon gains access to an extensive array of GaN-based power conversion technologies and cutting-edge application expertise. This strategic move not only reinforces Infineon's standing as an industry leader in power semiconductors but also accelerates time-to-market for innovative solutions.
Major companies operating in the gan and sic power semiconductor market are NXP Semiconductors N.V., Alpha & Omega Semiconductor Limited, Fuji Electric Systems Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Incorporated, Mitsubishi Electric Corporation, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics N.V., Transphorm Inc., GeneSiC Semiconductor Inc., Wolfspeed Inc., VisIC Technologies Ltd., Panasonic Holdings Corporation, GaN Systems Inc., SEMIKRON International GmbH, Sanken Electric Co. Ltd., Epiluvac AB, IQE Plc, SweGaN AB, ON Semiconductor Corporation, Efficient Power Conversion Corporation, Navitas Semiconductor Corporation, Power Integrations Inc., Resonac Co. Ltd., SICC Semiconductor Corporation, Sumitomo Electric Industries Ltd., Showa Denko K.K.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the GaN and SiC power semiconductor market by increasing costs for imported wafers, substrates, epitaxy materials, packaging components, and process equipment. Automotive, renewable energy, power electronics, and industrial sectors in North America, Europe, and Asia-Pacific are facing higher production costs and delayed supply cycles. Nevertheless, tariffs are driving investment in domestic semiconductor fabrication, encouraging localized supply chains, and accelerating innovation in cost-optimized wide bandgap devices, strengthening long-term market stability.
The GaN and SiC power semiconductors market research report is one of a series of new reports that provides GaN and SiC power semiconductors market statistics, including GaN and SiC power semiconductors industry global market size, regional shares, competitors with a GaN and SiC power semiconductors market share, detailed GaN and SiC power semiconductors market segments, market trends and opportunities, and any further data you may need to thrive in the GaN and SiC power semiconductors industry. This GaN and SiC power semiconductors market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
GaN (Gallium Nitride) and SiC (Silicon Carbide) power semiconductors are types of semiconductors composed differently from silicon, with SiC being a composite of silicon and carbon, and GaN being a compound of gallium and nitrogen. Moreover, SiC and GaN possess wider bandgaps compared to silicon.
The primary products within the GaN and SiC power semiconductor category comprise SiC power modules, GaN power modules, discrete SiC components, and discrete GaN components. SiC power modules are specifically designed with silicon carbide semiconductors as switches. These components find application across various sectors, including power supplies, industrial motor drives, hybrid or electric vehicles (H/EVs), photovoltaic inverters, traction systems, among others, and are distributed through both direct and indirect channels in the market.Asia-Pacific was the largest region in the GaN and SiC power semiconductor market in 2025. The regions covered in the gan and sic power semiconductor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gan and sic power semiconductor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
GaN and SiC power semiconductor market consists of sales of GaN and SiC power semiconductors made with RF components, and light-emitting diodes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The gan and sic power semiconductor market size is expected to see exponential growth in the next few years. It will grow to $5.45 billion in 2030 at a compound annual growth rate (CAGR) of 24%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, rising deployment of fast-charging infrastructure, expansion of high-efficiency photovoltaic inverters, growth in industrial automation power modules, development of next-generation wide bandgap semiconductor materials. Major trends in the forecast period include adoption of high-efficiency wide bandgap power devices, expansion of intelligent power conversion platforms, development of IoT-enabled semiconductor monitoring, advancement of AI-assisted power management systems, integration of cloud-connected power electronics.
The increasing adoption of electric vehicles is anticipated to drive the growth of the GaN and SiC power semiconductor market in the future. An electric vehicle is defined as a vehicle powered by an electric motor that draws energy from a rechargeable battery. Gallium nitride power semiconductors are utilized in electric vehicles for high-efficiency power transistors and integrated circuits. SiC power semiconductors offer several advantages over silicon, such as a breakdown electric field strength that is 10 times greater and a band gap that is 3 times wider, making them suitable for electric vehicles. For example, in June 2024, a report by the International Energy Agency (IEA), a France-based intergovernmental organization, noted that energy efficiency investments increased by 16% to USD 600 billion in 2022, spurred by government stimulus programs. Global heat pump sales also rose over 10%, with nearly 40% growth in Europe, while electric vehicles represented 14% of global car sales, with projections to reach 18% in 2023. Consequently, the rising penetration of electric vehicles is fueling demand for the GaN and SiC power semiconductor market.
Leading innovators in the GaN and SiC power semiconductor market are focusing on developing technological advancements such as integrated GaN-based bidirectional power ICs to improve power conversion efficiency, enable compact system design, and support high-frequency operation in electric vehicles (EVs), renewable energy systems, and data centers. Integrated GaN power ICs combine high-electron-mobility transistor (HEMT) structures and driver circuitry within a single package - allowing higher breakdown voltages, ultra-fast switching speeds, lower energy losses, and smaller form factors compared to traditional silicon-based MOSFETs or IGBTs. For instance, in April 2025, Navitas Semiconductor Corporation, a US-based power semiconductor company, launched the 650 V Bi-Directional GaNFast Power ICs designed for next-generation EV on-board chargers, solar inverters, and motor drives. The product integrates GaN power switches and gate drivers into a single chip, supports bidirectional power flow for both charging and discharging, and enables higher power density and system efficiency while reducing size, weight, and thermal losses.
In October 2023, Infineon Technologies AG, a leading German semiconductor manufacturer, completed the acquisition of GaN Systems Inc. for a significant $830 million. This acquisition marks a substantial leap in Infineon's GaN roadmap, solidifying its position as a prominent player in the GaN landscape. By integrating GaN Systems Inc., a Canada-based company specializing in gallium nitride (GaN) power semiconductors, Infineon gains access to an extensive array of GaN-based power conversion technologies and cutting-edge application expertise. This strategic move not only reinforces Infineon's standing as an industry leader in power semiconductors but also accelerates time-to-market for innovative solutions.
Major companies operating in the gan and sic power semiconductor market are NXP Semiconductors N.V., Alpha & Omega Semiconductor Limited, Fuji Electric Systems Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Incorporated, Mitsubishi Electric Corporation, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics N.V., Transphorm Inc., GeneSiC Semiconductor Inc., Wolfspeed Inc., VisIC Technologies Ltd., Panasonic Holdings Corporation, GaN Systems Inc., SEMIKRON International GmbH, Sanken Electric Co. Ltd., Epiluvac AB, IQE Plc, SweGaN AB, ON Semiconductor Corporation, Efficient Power Conversion Corporation, Navitas Semiconductor Corporation, Power Integrations Inc., Resonac Co. Ltd., SICC Semiconductor Corporation, Sumitomo Electric Industries Ltd., Showa Denko K.K.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the GaN and SiC power semiconductor market by increasing costs for imported wafers, substrates, epitaxy materials, packaging components, and process equipment. Automotive, renewable energy, power electronics, and industrial sectors in North America, Europe, and Asia-Pacific are facing higher production costs and delayed supply cycles. Nevertheless, tariffs are driving investment in domestic semiconductor fabrication, encouraging localized supply chains, and accelerating innovation in cost-optimized wide bandgap devices, strengthening long-term market stability.
The GaN and SiC power semiconductors market research report is one of a series of new reports that provides GaN and SiC power semiconductors market statistics, including GaN and SiC power semiconductors industry global market size, regional shares, competitors with a GaN and SiC power semiconductors market share, detailed GaN and SiC power semiconductors market segments, market trends and opportunities, and any further data you may need to thrive in the GaN and SiC power semiconductors industry. This GaN and SiC power semiconductors market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
GaN (Gallium Nitride) and SiC (Silicon Carbide) power semiconductors are types of semiconductors composed differently from silicon, with SiC being a composite of silicon and carbon, and GaN being a compound of gallium and nitrogen. Moreover, SiC and GaN possess wider bandgaps compared to silicon.
The primary products within the GaN and SiC power semiconductor category comprise SiC power modules, GaN power modules, discrete SiC components, and discrete GaN components. SiC power modules are specifically designed with silicon carbide semiconductors as switches. These components find application across various sectors, including power supplies, industrial motor drives, hybrid or electric vehicles (H/EVs), photovoltaic inverters, traction systems, among others, and are distributed through both direct and indirect channels in the market.Asia-Pacific was the largest region in the GaN and SiC power semiconductor market in 2025. The regions covered in the gan and sic power semiconductor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gan and sic power semiconductor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
GaN and SiC power semiconductor market consists of sales of GaN and SiC power semiconductors made with RF components, and light-emitting diodes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. GaN and SiC Power Semiconductor Market Characteristics
3. GaN and SiC Power Semiconductor Market Supply Chain Analysis
4. Global GaN and SiC Power Semiconductor Market Trends and Strategies
5. GaN and SiC Power Semiconductor Market Analysis of End Use Industries
7. Global GaN and SiC Power Semiconductor Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global GaN and SiC Power Semiconductor Total Addressable Market (TAM) Analysis for the Market
9. GaN and SiC Power Semiconductor Market Segmentation
10. GaN and SiC Power Semiconductor Market Regional and Country Analysis
11. Asia-Pacific GaN and SiC Power Semiconductor Market
12. China GaN and SiC Power Semiconductor Market
13. India GaN and SiC Power Semiconductor Market
14. Japan GaN and SiC Power Semiconductor Market
15. Australia GaN and SiC Power Semiconductor Market
16. Indonesia GaN and SiC Power Semiconductor Market
17. South Korea GaN and SiC Power Semiconductor Market
18. Taiwan GaN and SiC Power Semiconductor Market
19. South East Asia GaN and SiC Power Semiconductor Market
20. Western Europe GaN and SiC Power Semiconductor Market
21. UK GaN and SiC Power Semiconductor Market
22. Germany GaN and SiC Power Semiconductor Market
23. France GaN and SiC Power Semiconductor Market
24. Italy GaN and SiC Power Semiconductor Market
25. Spain GaN and SiC Power Semiconductor Market
26. Eastern Europe GaN and SiC Power Semiconductor Market
27. Russia GaN and SiC Power Semiconductor Market
28. North America GaN and SiC Power Semiconductor Market
29. USA GaN and SiC Power Semiconductor Market
30. Canada GaN and SiC Power Semiconductor Market
31. South America GaN and SiC Power Semiconductor Market
32. Brazil GaN and SiC Power Semiconductor Market
33. Middle East GaN and SiC Power Semiconductor Market
34. Africa GaN and SiC Power Semiconductor Market
36. GaN and SiC Power Semiconductor Market Competitive Landscape and Company Profiles
37. GaN and SiC Power Semiconductor Market Other Major and Innovative Companies
40. GaN and SiC Power Semiconductor Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
GaN And SiC Power Semiconductor Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses gan and sic power semiconductor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for gan and sic power semiconductor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The gan and sic power semiconductor market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Scope
Markets Covered:
1) By Product: SiC Power Module; GaN Power Module; Discrete SiC; Discrete GaN2) By Application: Power Supplies; Industry Motor Drives; Hybrid Or Electric Vehicles (H Or EVs); Photovoltaic Inverters; Traction; Other Applications
3) By Distribution Channel: Direct; Indirect
Subsegments:
1) By SiC Power Module: Half-Bridge Modules; Full-Bridge Modules; Multilevel Modules2) By GaN Power Module: Integrated Power Modules; High-Frequency Modules
3) By Discrete SiC: SiC MOSFETs; SiC Schottky Diodes; SiC JFETs
4) By Discrete GaN: GaN HEMTs; GaN FETs
Companies Mentioned: NXP Semiconductors N.V.; Alpha & Omega Semiconductor Limited; Fuji Electric Systems Co. Ltd.; Infineon Technologies AG; Littelfuse Inc.; Microchip Technology Incorporated; Mitsubishi Electric Corporation; Renesas Electronics Corporation; ROHM Co. Ltd.; STMicroelectronics N.V.; Transphorm Inc.; GeneSiC Semiconductor Inc.; Wolfspeed Inc.; VisIC Technologies Ltd.; Panasonic Holdings Corporation; GaN Systems Inc.; SEMIKRON International GmbH; Sanken Electric Co. Ltd.; Epiluvac AB; IQE Plc; SweGaN AB; ON Semiconductor Corporation; Efficient Power Conversion Corporation; Navitas Semiconductor Corporation; Power Integrations Inc.; Resonac Co. Ltd.; SICC Semiconductor Corporation; Sumitomo Electric Industries Ltd.; Showa Denko K.K.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this GaN and SiC Power Semiconductor market report include:- NXP Semiconductors N.V.
- Alpha & Omega Semiconductor Limited
- Fuji Electric Systems Co. Ltd.
- Infineon Technologies AG
- Littelfuse Inc.
- Microchip Technology Incorporated
- Mitsubishi Electric Corporation
- Renesas Electronics Corporation
- ROHM Co. Ltd.
- STMicroelectronics N.V.
- Transphorm Inc.
- GeneSiC Semiconductor Inc.
- Wolfspeed Inc.
- VisIC Technologies Ltd.
- Panasonic Holdings Corporation
- GaN Systems Inc.
- SEMIKRON International GmbH
- Sanken Electric Co. Ltd.
- Epiluvac AB
- IQE Plc
- SweGaN AB
- ON Semiconductor Corporation
- Efficient Power Conversion Corporation
- Navitas Semiconductor Corporation
- Power Integrations Inc.
- Resonac Co. Ltd.
- SICC Semiconductor Corporation
- Sumitomo Electric Industries Ltd.
- Showa Denko K.K.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 2.31 Billion |
| Forecasted Market Value ( USD | $ 5.45 Billion |
| Compound Annual Growth Rate | 24.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
