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SiC and GaN Power Device Market Heading Towards US$ 5,727.78 Million By 2030

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New York, July 13, 2023 (GLOBE NEWSWIRE) — According to the recent report “Global SiC and GaN Power Device Market” published by Consegic Business Intelligence stated that the market was worth USD 879.31 million in 2022 and is expected to reach over USD 5,727.78 million by the year 2030, registering at a CAGR of 27.3%.

SiC and GaN power devices are semiconductors used to lower the voltage or power of a machinery or appliance for converting higher frequencies to lower frequencies so as to provide protection to the machinery. High-power devices possess properties such as high critical field, high power density, high switching speed, and high thermal conductivity. Consequently, SiC and GaN semiconductors are widely used in electric vehicles and renewable energy systems.

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The increasing demand for high-performance semiconductors in automotive industry to improve the driving range of the vehicles is driving the growth of the market. High power devices are deployed in electric and hybrid electric vehicles to protect the machinery by providing faster switching speeds. For instance, in September 2022, Onsemi introduced silicon carbide-based power modules for application in on-board charging and high voltage (HV) DCDC conversion in electric vehicles.

The application of power devices in data centers to reduce energy consumption and improve efficiency is expected to present potential opportunities for the growth of SiC and GaN power devices market during the forecast period. However, complex packaging of SiC-based power devices is hindering the growth of the market.

Report Attributes Report Details
Market Size By 2030  USD 5,727.78 million
Forecast Period 2023-2030
CAGR (2023-2030) 27.3%
Base Year 2022
Study Timeline 2017-2030
Key Players ALPHA & OMEGA Semiconductor, Broadcom Limited, Cambridge Electronics, Cree, Inc., Mitsubishi Electric Corporation, GaN Systems, Microsemi, Qorvo, Denso Corporation, Navitas Semiconductor
By Material SiC and GaN
By Product Power MOSFET, Thyristor, Power Diode, IGBT, and Others
By Type GaN Power Module, SiC Power Module, Discrete SiC, and Discrete GaN
By Application Power Supplies, Power Storage, Wireless Charging, Hybrid and EV components, Motor Drives, PV Inverter, HEV Charging Equipment, and Others
By End-User Automotive, Aerospace & Defense, Industrial, Consumer Electronics, Healthcare, Energy & Power, and Others
Report Coverage Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more
By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

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SiC and GaN Power Device Market Growth Drivers:

  • The application of SiC and GaN power devices to improve EV efficiency, power density, and performance is driving the growth of the market.
  • The rising adoption of power devices in renewable energy systems for power generation is accelerating the growth of the market.
  • The increasing adoption of consumer electronic devices is driving the demand for SiC and GaN power device market.

Restraints

  • The complex packaging of SiC-based power devices is restraining the growth of the market.

Opportunities

  • The application of power devices in data centers to reduce energy consumption and improve efficiency is expected to present potential opportunities for the growth of SiC and GaN power devices market during the forecast period.

Global SiC and GaN Power Device Market Segmentation Details:

Based on Material, the SiC segment contributed the largest shares to the market growth in 2022. The SiC power devices offer lower conduction losses, high switching frequencies, and better efficiency compared to silicon devices. Moreover, SiC power devices possess high-temperature operation and high-voltage capabilities. Consequently, the application of SiC power devices in electric vehicles and renewable energy systems is driving the growth of the market.

Based on Product, the power MOSFET segment accounted for the maximum revenue share in the year 2022. The ability of power MOSFETs to handle high voltage ratings is propelling the growth of the market. Consequently, the application of power MOSFETs in power supplies, DC-to-DC converters, and low-voltage motor controllers is contributing to the growth of the market.

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Based on Type, the power modules segment accounted for the maximum revenue share in the year 2022. SiC power modules exhibit high electro-thermal conductivity and extremely fast switching for application in renewable energy systems and industrial automation. Subsequently, the increasing adoption of power modules in digital power supplies and three-phase inverters due to lower output capacitance is driving the growth of the market.

Based on Application, the hybrid and EV component contributed the largest shares to the market growth in 2022. The application of high-performance semiconductors in electric vehicles to improve energy-efficiency, increase power density, and extend the driving range of electric vehicles is contributing to the growth of the market. Thus, the deployment of power devices in onboard chargers, DC-DC converters, and motor drives for efficient supply of power to the vehicle is accelerating the growth of the market.

Based on End-User, the automotive segment accounted for the maximum revenue share in the year 2022. The increasing adoption of electric and hybrid electric vehicles among consumers is driving the growth of the market. SiC and GaN play a vital role in motor drives and power management systems in EVs. Consequently, the ability of power devices to offer conductive and wireless charging for EVs is accelerating the growth of the market.

Based on region, North America accounted for the largest revenue share in the year 2022. The rising government initiatives to promote the adoption of renewable energy systems are driving the growth of the market. Moreover, the presence of a large number of manufacturers in the region is contributing to the growth of the regional market.

Recent Developments

  • In September 2022, Aixtron launched the new G10-SiC system for manufacturing of SiC power devices on 150 and 200 mm SiC wafers to allow efficient operation of semiconductors at higher temperatures.
  • In April 2023, Nexperia introduced 650 V SiC Schottky diode offering high-performance and temperature-independent capacitive switching in power supplies, AC-DC and DC-DC converters, and battery-charging infrastructure.

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Key Market Highlights

  • The global SiC and GaN power device market size is estimated to reach USD 5,727.78 million by 2030 and grow at a CAGR of 27.3% during the forecast period (2023-2030).
  • Globally, SiC and GaN power device market is bifurcated based on material into SiC and GaN.
  • In the context of product, the market is segregated into power MOSFET, thyristor, power diode, IGBT, and others.
  • In the context of type, the market is separated into GaN power module, SiC power module, discrete SiC, and discrete GaN.
  • Based on the application, the market is segmented into power supplies, power storage, wireless charging, hybrid and EV components, motor drives, PV inverter, HEV charging equipment, and others.
  • Based on end-user, the market is separated into automotive, aerospace & defense, industrial, consumer electronics, healthcare, energy & power, and others.
  • The market is geographically divided into five regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
  • Asia-Pacific and North America are estimated to support the market growth during the forecast period in terms of the large presence of market players combined with high expenditures on technological advancements in SiC and GaN power device market.

List of Major Global SiC and GaN Power Device Market Players

The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —

• ALPHA & OMEGA Semiconductor

• Broadcom Limited

• Cambridge Electronics

• Cree, Inc.

• Mitsubishi Electric Corporation

• GaN Systems

• Microsemi

• Qorvo

• Denso Corporation

• Navitas Semiconductor

Global SiC and GaN Power Device Market Segmentation: 

  • By Material
  • By Product
  • Power MOSFET
  • Thyristor
  • Power Diode
  • IGBT
  • Others
  • By Type
    • GaN Power Module
    • SiC Power Module
    • Discrete SiC
    • Discrete GaN
  • By Application
    • Power Supplies
    • Power Storage
    • Wireless Charging
    • Hybrid and EV components
    • Motor Drives
    • PV Inverter
    • HEV Charging Equipment
    • Others
  • By End-User
    • Automotive
    • Aerospace & Defense
    • Industrial
    • Consumer Electronics
    • Healthcare
    • Energy & Power
    • Others

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Key Questions Covered in the SiC and GaN Power Device Market Report

  • What are SiC and GaN power devices?

– SiC and GaN power devices are wide-band gap semiconductors that provide high power density, high switching frequency, and reduced energy in high power applications.

  • What are some of the most important applications of SiC and GaN power device and how do they impact the industry’s growth potential?

– SiC and GaN power device are deployed in electric and hybrid electric vehicles for efficient conversion of power. Moreover, power devices are utilized in renewable energy systems for generation of electricity.

  • Based on current market trends and future predictions, which geographical region will have the largest impact on the SiC and GaN power device growth?

– North America accounted for the largest revenue share in the year 2022. The rising government initiatives for the adoption of renewable energy systems is driving the market growth.

  • Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030?

– Asia Pacific is anticipated to register the fastest CAGR growth during the forecast period. The increasing adoption of electric vehicles among consumers is driving the market growth.

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About Consegic Business Intelligence Pvt Ltd.

Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.

Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.

Press Releases:- https://www.consegicbusinessintelligence.com/press-release/sic-and-gan-power-device-market 

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Consegic Business intelligence Pvt Ltd.

Contact no.: (US) (505) 715-4344

Email: [email protected]

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Artificial Intelligence

Picus Security Launches Security Validation for Kubernetes

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Teams can eliminate container security exposures with the new enhancements in Picus’ platform for multi-cloud
SAN FRANCISCO, May 23, 2024 /PRNewswire/ — Picus Security, the Security Validation company, today announced security validation for Kubernetes. This new capability allows Security and DevOps teams to realize the benefits of containers securely by proactively measuring and optimizing the resilience of clusters. It is the latest innovative addition to the Picus Security Validation Platform, which empowers users to consistently validate their security posture and measure risk across on-premises and multi-cloud environments.

For organizations that want an agile way to deploy, run and scale applications, Kubernetes offers considerable benefits. However, security is often the biggest barrier to its adoption. The dynamic and complex nature of Kubernetes means that containers are often misconfigured due to human error. Without a hands-on approach to governance, security gaps can easily emerge over time, increasing the risk of incidents. This situation is exacerbated by the high level of expertise required to secure Kubernetes and the use of default settings which are inherently insecure. According to The State of Kubernetes Report, more than two-thirds of Kubernetes users (67%) have delayed deployments due to security concerns.* 
The addition of Kubernetes validation extends the Picus platform’s existing validation capabilities, which are powered by attack simulation and GenAI. It enables organizations to proactively identify and mitigate security misconfigurations, such as weak policies and settings that could allow containers to run with insecure privileges and facilitate lateral movement. Now security teams can automatically assess the security of their workloads wherever they are located – on-premises, in containers, and also in cloud platforms including Amazon Web Services, Google Cloud Platform, and Microsoft Azure.
“Cloud security is perhaps the biggest barrier of entry for organizations that want to take advantage of container orchestration,” said Volkan Erturk, Picus CTO and Co-Founder. “Kubernetes offers incredible opportunities for DevOps teams to deploy and scale new applications, but Security teams can struggle to keep pace.
“With the Picus Security Validation Platform, security concerns won’t slow down an organization’s digital transformation journey. This new offering will allow our users to consistently measure the security of their workloads and vastly reduce the effort needed to address exposures across growing IT environments.”
Additional Information
Read the Kubernetes validation announcement blog.Register for the upcoming webinar on July 11th 2024 at 10.00 EST/ 15.00 BST: Beyond Cloud Security Posture Management: Validating Cloud Effectiveness with Attack Simulation About Picus Security
Picus Security helps security teams consistently and accurately validate their security posture. Our Security Validation Platform simulates real-world threats to evaluate the effectiveness of security controls, identify high-risk attack paths to critical assets, and optimize threat prevention and detection capabilities.
As the pioneer of Breach and Attack Simulation, we specialize in delivering the actionable insights our customers need to be threat-centric and proactive. 
Picus is a Gartner® Peer Insights™ Customers’ Choice for 2024 in the BAS tools category†. The company is recognized as a leader by Frost & Sullivan^.
† Gartner, Voice of the Customer for Breach and Attack Simulation Tools, Peer Contributors, 30 January 2024 ^ Frost and Sullivan, 2022 Frost Radar™ report for the Global Breach and Attack Simulation Market
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Highlights from the Finale: Day Three of the London Blockchain Conference Unravelled

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As the London Blockchain Conference draws to a close, attendees heard from industry experts on Driving Innovation with Blockchain.
LONDON, May 23, 2024 /PRNewswire/ — Attendees at the London Blockchain Conference were in to witness the final day, which featured a line-up of informative and thought-provoking speakers. Throughout the day, there were exciting panels and presentations which featured cutting-edge ideas and insights.

Day 3 kickstarted with BSVA launching a new report focusing on the role of blockchain in safeguarding data and streamlining transactions.
Other sessions included:
The Intersection of Web3, AI, and Emerging Tech – Somi Aran, Founder of InPeak gave the opening keynote which explored the dynamic convergence of Web3, Artificial Intelligence, and emerging technologies. She delved into how these technologies are reshaping industries and redefining the boundaries of innovation and the potential impacts and opportunities these technologies present.
Bridging the gap: Making Web3 technologies user-friendly – Christine Leong, CIO, nChain – discussed some of the innovative strategies and practical solutions aimed at simplifying Web3 technologies. She also discussed how nChain is planning to transform Web3 from a domain exclusive to the tech-savvy, into a user-friendly ecosystem that empowers all users.
Is code law? – Rules applicable to blockchain networks – panel featuring Marcin Zarakowski, CEO of Token Recovery, Akber Datoo CEO of D2 Legal Technology, Jeffrey Golden, King’s Counsel (Hon) at 3 Hare Court Chambers, Andrei Kirilenko, Professor of Finance at Cambridge Judge Business School, Professor Sarah Green, Law Commissioner at Law Commission, where they discussed that rules apply to the nodes and validators which support the particular network and process its transactions. The group also discussed whether the blockchain protocols’ rules and software code are the only sources of regulation in blockchain networks.
An Introduction to nChain Identity – Thomas Moretti, Head of Product Development at nChain. He spoke about the Self Sovereignty Identity concept and showcased the latest project it is working on – nChain Identity.
Reimagining Roles: How regulated industry leaders are shaping the future of finance – a panel featuring, Andrew Mosson (Chief Commercial Officer of OneTrading, Néstor Palao, Head DLT & Corporate Clients at Sygnum Bank, Laurence Lewandowska, CFO/COO at BSV Association and Wojciech Kaszycki Chairman & Founder at Mobilum. The panel discussed how the new era of digital assets, traditional banking institutions, exchanges, and financial services are being reimagined in the context of emerging technologies such as blockchain and AI.
Please register here if you would like to listen to any of the sessions today. 
If you want to interview any speaker from today’s sessions, please email [email protected].
About the London Blockchain Conference NETWORK. LEARN. ENGAGE.  At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 

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Nord Anglia Education publishes new insights on the role of AI and metacognition in learning

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LONDON, May 23, 2024 /PRNewswire/ — INSIGHTS, the global publication from Nord Anglia Education, has published two new articles taking an in-depth look at AI in education and the role of metacognition in teaching and learning.

Exploring the role of AI in learning
https://www.nordangliaeducation.com/insights/2024/articles/the-generative-generationIn its ‘Generative Generation’ feature, INSIGHTS explores the role of artificial intelligence (AI) in education, and whether the technology is making it easier for children to learn. Speaking to Nord Anglia’s educators as well as leading experts from the world of academia, it also includes real-life examples of how Nord Anglia’s schools are using AI in the classroom.
For example, Nord Anglia’s British International School in Kuala Lumpur has adapted the technology to create an AI-powered teaching assistant that can personalise learning, guide students through content exploration, and deepen their understanding through interactive activities. Learners define the topic they want to explore and the course specification they are working to, and the AI explores the content with them in a conversational way, enabling them to ask questions as they go. 
Dr Bruce Geddes, Deputy Head of Secondary at the school, told INSIGHTS that AI represents “the biggest opportunity we’ve had in our lifetimes, for many, many spheres, but particularly in education”.
Avenues: The World School in New York, which became part of Nord Anglia in 2023, encourages its students to use AI in their work. As an example, in an app development project students use ChatGPT to generate the bulk of the coding, then review, correct and refine it. This saves them “hours of manual work by leveraging the appropriate tool in an academically appropriate way,” says Lia Muschellack, Director of Technology at the school.
The school also has its own generative AI chatbot, Savvy, built in 2019 and now powered by open AI technology. It can answer queries, provide information, and engage in “diverse discussions ranging from academic topics to casual conversations”.
“We understand that our students will be actively leveraging these tools throughout their academic and professional pathways, so we want to make sure they not only understand the potentials and limitations, but that they have tinkered and truly experienced them,” Muschellack explains.
Metacognition: a learning superpower
In its feature ‘Metacognition. Helping Kids Unlock the Power of ‘Thinking about Thinking’, INSIGHTS looks at how students can develop the important skill of metacognition.
“Metacognition is the ability to be aware of our cognitive or thought processes and to monitor, reflect on, and change those processes,” Dr Rose Luckin, Professor of Learner Centred Design at the University College London Knowledge Lab, told INSIGHTS.
Nord Anglia Education is working with Dr Luckin to develop its approach to metacognition and to help teachers introduce metacognitive strategies into classrooms. It has developed a metacognitive framework of six “Learner Ambitions” to help students develop the 6 Cs: to become critical, creative, committed, and curious learners, working compassionately and collaboratively in the classroom and beyond.
As the article explains, Nord Anglia’s deep dive into metacognition has many goals: developing student agency, boosting academic performance, and developing ‘future’ skills that employers want. The framework is being initially applied across 27 Nord Anglia schools around the world and its impact will be measured in independent research in partnership with Boston College, reporting in 2025.
Nord Anglia’s examination of metacognition also involves exploring personalised goals and thinking routines. For instance, students at Nord Anglia International School Hong Kong use the “Step In, Step Out, Step Back” routine to develop empathy and understanding in their studies. “It’s about asking the right questions; those really big questions that lead to even more questions,” says Raquel Thomson, the school’s Deputy Head of Primary. “Thinking strategies like this stay with students and serve a purpose whatever they do in their lives, whether they choose to be a scientist or a teacher or go into business.”
For media enquiries please contact: Francesca Milani Communications Manager, Digital Education Portfolio +44 20 7131 0000 [email protected] 
About Nord Anglia Education:
As the world’s leading international schools organisation, we’re shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life.  
Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible.  
No two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world’s top universities.  
To learn more or apply for a place for your child, go to nordangliaeducation.com.
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