Zion Market Research, the market research group announced the analysis report titled "Wide Bandgap Semiconductors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024".
Sarasota, FL -- (SBWIRE) -- 11/13/2017 -- Wide Bandgap Semiconductors Market: Overview
The semiconductor material that offers the devices with the facility of operating in high voltages, high temperatures, and frequencies is known as wide-bandgap semiconductors. The wide-bandgap semiconductors are mainly used for making the blue & green LEDs and lasers.
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Wide Bandgap Semiconductors Market: Facts
The wide bandgap semiconductors are going beyond silicon in RF, power, optoelectronics, and LED lighting. In the power electronics, gallium nitride and silicon carbide which are both wide bandgap semiconductors have come out as a solution to slow-down the silicon in the high temperature and high power segments.
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Wide Bandgap Semiconductors Market: Segmentation
The wide bandgap semiconductors market is fragmented into its product type and application. On the basis of the type of the product, the global wide bandgap semiconductors market is segregated into aluminum nitride, boron nitride, silicon carbide, and gallium nitride. On the basis of application, the market is categorized into information and communication technology, automotive, defense and aerospace, consumer electronics, and others.
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Wide Bandgap Semiconductors Market: Growth Factors
The wide bandgap semiconductors are mainly utilized for extending the battery life of the electronic gadgets such as the desktop computers, notebooks, portable media players, flat panel displays, smartphones and it is also used for improving the power efficiency of the gadgets. As the demand for all these electronic devices is increasing at a rapid rate so is the demand for the wide bandgap semiconductors market. The other uses of the wide bandgap semiconductors are that they help in producing the ultraviolet LEDs that have the wavelength of 200–250 nm; it is also used for making blue lasers and LEDs. Thus the growing demand for the LED lights, in turn, increases the demand for the wide bandgap semiconductors market. The factor that is limiting the growth of the market is the increased manufacturing cost of the wide bandgap semiconductor.
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Wide Bandgap Semiconductors Market: Regional Analysis
The region that dominates the wide bandgap semiconductors market is the North America owing to the increased demand for the wide bandgap semiconductors from the automobile sector. Thus in the coming years also the region will dominate the wide bandgap semiconductors market owing to the expanding automobile industry. The region that is following the North America is Asia Pacific. In the developing countries such as China and India, the market will grow at a speedy rate due to the increased demand for the wide bandgap semiconductors in several sectors such as computer, automotive, consumer goods, and much more. The wide range of opportunities in the emerging nations is influencing the market players to invest in this region due to the government support and the availability of cheap man force.
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Wide Bandgap Semiconductors Market: Competitive Players
The key market players that are involved in the wide bandgap semiconductors market include Mersen S.A., Avogy, Inc., Fujitsu Limited, GaN Systems Inc., Cree Inc., Efficient Power Conversion Corporation, Everlight Electronics Co., Toshiba Corporation, Renesas Electronics Corporation, and NXP Semiconductors N.V.
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