The report highlights the increasing demand for high-performance power devices in automotive industry for powering electric and hybrid electric vehicles. Consegic Business Intelligence provides an inclusive research report on the laser displacement sensor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
The report analyses significant segments such as material, application, end-user, and region, to identify emerging trends and potential opportunities. The material segment is expected to grow as SiC-based power devices are widely used for high-power and high-voltage applications, such as power transmission and electric vehicle charging. Moreover, GaN-based power devices are fabricated on smaller wafer sizes. As a result, GaN power devices are suitable for application in portable electronics, and data centers, resulting in the market growth.Get Free Sample
|Report Attributes||Report Details|
|By Material||Silicon Carbide, Diamond Substrate, Gallium Nitride, Zinc Oxide, and Others|
|By Application||Renewable Energy, Vehicle Electrification, Industrial Motor Drives, Uninterrupted Power Supply, 5G Communications, and Others|
|By End-User||Automotive, Energy and Utility, Industrial, Aerospace & Defense, and Others|
|By Region||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
The Global Wide Band Gap (WBG) Power Devices Market is highly competitive due to the presence of major players such as Navitas Semiconductor, Cree Inc., Infineon Technologies AG, Avago Technologies, Nexperia, ROHM Semiconductors, STMicroelectronics, Infineon Technologies AG operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in wide band gap power devices are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.