Info
Info

Increasing Demand for Compound Semiconductors in Electric Military, Defense, and Aerospace Vehicles

News

The compound semiconductor market is expected to grow from USD 37.2 billion in 2019 to USD 53.0 billion by 2024, at a CAGR of 7.3%.

Info

The compound semiconductor market is driven by various factors, such as the increase in government and stakeholder funding, rise in demand and implementation of GaN and SiC in the semiconductor industry, and high use of compound semiconductors in LED applications. However, high material and fabrication costs associated with compound semiconductor can hinder the growth of the market.

Based on product, power electronics to witness growth at highest CAGR during forecast period

Power electronics possess high growth rate in the compound semiconductor market during the forecast period. This is mainly due to increasing demand for SiC and gallium nitride (GaN) power semiconductors in applications such as hybrid and electric vehicles, power supplies and photovoltaic (PV) inverters. The market is driven by increasing sales of hybrid and electric vehicles. China is among the potential country for this market with demand for Schottky barrier diodes, MOSFETs, junction gate field-effect transistors (JFETs), and other SiC discretes.

Increasing demand for both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) will increase significantly in the coming years as governments of various countries aim to reduce air pollution. China, India, France, and other countries have already announced plans to ban cars with internal combustion engines in the coming decades, replacing them with cleaner vehicles. It results in high growth potential for compound semiconductor-based power electronics.

Based on application, power supply and automotive are fastest growing applications

Power supply and automotive is expected to grow at a higher rate than other applications. This is mainly due to the increasing importance of GaN and SiC devices in the power electronics market. SiC-based power devices can operate at higher temperatures with higher thermal conductivity, the higher breakdown voltage at lower on-stage resistance, faster switching speed, lower conduction and switching on-state loss. GaN is also gaining importance in power electronics. Many players are taking efforts to introduced GaN devices.

For instance, PowerSphyr, and GaN Systems have entered a strategic agreement to bring GaN-based wireless power systems to market for high powered applications across consumer, industrial, and automotive sectors worldwide. Automotive is the fastest growing application for SiC power devices including growth for segments such as charging infrastructure and EV/HEV.

Increasing adoption of EV/EHV is driven by factors such as favorable government policies and subsidies, heavy investments from automakers in EVs, growing concern about environmental pollution, and increased vehicle range per charge. China is among the most important countries for the growth of the EV market. Hence, the growth of the EV market opens doors for GaN and SiC power electronics, which further provides opportunities for SiC and GaN players.

APAC to record highest growth rate during forecast period

APAC is the leading market for compound semiconductors. APAC has become a global focal point for large investments and business expansions, thereby providing opportunities for compound semiconductors in consumer devices, general lighting, and commercial applications. Growing adoption of compound semiconductor telecommunications and lighting devices in this region would lead to high demand for compound semiconductors.

From the industry perspective, APAC has high growth in industrial activities in terms of growing number of foundries, wafer, and fabrication, assembly, testing, and packaging facilities in several Asian countries such as China, Taiwan, and South Korea. Telecommunication and general lighting applications currently dominate the market in APAC; however, power supply and automotive are the fastest growing application for the compound semiconductor market in APAC.


The Latest News, Brought To You By
Increasing Demand for Compound Semiconductors in Electric Military, Defense, and Aerospace Vehicles
Modified on Monday 11th March 2019
Find all articles related to:
Increasing Demand for Compound Semiconductors in Electric Military, Defense, and Aerospace Vehicles
TaaS Technology Magazine


Tuesday 9th - Wednesday 10th July 2019 @ The National Motorcycle Museum

Transportation-as-a-Service (TaaS) Technology will evolve in 2019 from the inaugural conference which took place in 2018, into two co-located conferences plus a shared exhibition. As per 2018 TaaS Technology will cover Connected and Autonomous Vehicles (CAVs) and Future Mobility. The new co-located conference will look at 'Energising Future Mobility' and will focus on the key topics surrounding Electric Vehicles (EVs), Battery/Energy Technology and Infrastructure.

Places will be limited, so register your place today: https://taas.technology
Info
Kia Teams Up With Amazon To Provide One-stop EV Charging Solutions
Hyundai Mobis To Partner With Yandex For Developing AI Based Autonomous Vehicle Platform
ZF Acquires Mobility Provider 2getthere
Volkswagen Brand China And FAW-Volkswagen Establish New JV For Connected Services
Velodyne Demonstrates LiDAR Solution For Collecting Rich Perception Data On NVIDIA DRIVE Platform
Chinese Automotive Tier 1 VIE Licenses WiTricity Wireless EV Charging Technology
Endesa And Galp Jointly Inaugurate Five Quick Charge Points In Spain
Renault-Nissan-Mitsubishi Launches Alliance Intelligent Cloud On Microsoft Azure
BVRLA Members Are Delivering The Future Of Urban Mobility
Cognata Teams Up With NVIDIA For Autonomous Vehicle Simulation
Karma Automotive Teases The 2020 Revero Luxury EV
Toyota To Build Hydrogen Refuelling Station At Its Altona Plant In Australia
SoundHound Unveils Hybrid Voice AI And Natural Language Understanding System For Cars
AGC Opens An Anechoic Chamber In Belgium For Development Of Automotive On-glass Antennas
Velodyne CEO Wins Alliance Of Automobile Manufacturers’ Autos2050 Award
Car Sharing Platform Modo Adds Fuel Cell Powered Hyundai Nexo To Its Fleet
JLR Installs UK’s Largest Smart EV Charging Facility
Hyundai And Kia Invest $300 Million In Indian Ride Hailing Platform, Ola
Arcimoto Announces The Deliverator, A Three-wheel All Electric Delivery Vehicle
WeRide To Demonstrate Pre-commercial Level 4 Autonomous Driving Solutions
Škoda To Install Nearly 7,000 EV Charging Points At Its Czech Factories
Molex Joins Networking For Autonomous Vehicles (NAV) Alliance
Fortum Charge & Drive Completes The High-power Charging Corridor Between Helsinki, Stockholm And Oslo
Geotab To Roll Out Telematics Technology In Over 200,000 US Government Vehicles
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info