Dublin, Jan. 28, 2026 (GLOBE NEWSWIRE) — The “Wide Bandgap Semiconductors Market Report 2026” has been added to ResearchAndMarkets.com’s offering. This market analysis offers comprehensive insights into regional shares, competitor strategies, and emerging opportunities.
The wide bandgap semiconductors market has shown significant expansion, anticipated to grow from $2.39 billion in 2025 to $4.28 billion by 2030, with a 12.3% CAGR. This surge is driven by advances in high-efficiency power electronics, increasing electric vehicle adoption, and the expansion of smart grids. The rising demand for high-frequency devices and developments in next-generation power modules further fuel this market growth.
Electric vehicles (EVs) are a major contributor to the expansion of the wide bandgap semiconductors market. As concerns about environmental sustainability rise, the shift away from fossil fuels is accelerating. Wide bandgap semiconductors, including those made from silicon carbide and gallium nitride, enhance EV performance by improving charging speed and efficiency. According to the International Energy Agency, electric car sales in 2023 increased by 35% compared to 2022, further highlighting this growth trajectory.
Leading companies like Raytheon are pioneering innovations in ultra-wide bandgap semiconductors, employing diamond and aluminum nitride for superior thermal conductivity. These advancements enable high-power electronic applications, optimizing power delivery and thermal management, crucial for radar systems and communications technologies. In a related strategic move, Renesas Electronics Corporation enhanced its capabilities by acquiring Transphorm Inc. in June 2024, integrating gallium nitride technology to develop energy-efficient solutions.
Major players in this market, including Panasonic, Mitsubishi Electric, and Infineon Technologies, are driving innovation and expanding applications. The global landscape is dynamic, affected by trade relations and tariffs, notably impacting silicon carbide and gallium nitride segments. While Asia-Pacific faces challenges due to production restrictions, these factors have also prompted local manufacturing investments.
Wide bandgap semiconductors are pivotal for high-power and high-efficiency applications across automotive, telecommunications, and energy sectors. The market covers a range of components such as diodes, transistors, and modules. North America emerged as the largest market region in 2025, with Asia-Pacific expected to lead growth moving forward.
Comprehensive Market Analysis
The report examines the largest and fastest-growing segments within the wide bandgap semiconductors market. It scrutinizes related economic and demographic factors, technological advances, regulatory landscapes, and consumer trends. The comprehensive profile includes:
- Market characteristics: Detailing key products, brand differentiation, and innovation trends.
- Supply chain analysis: Offering a value chain overview, encompassing supplier analysis.
- Emerging technology trends: Highlighting digital transformation, automation, and AI enhancements.
- Regulatory landscape and investments: Overview of regulatory frameworks affecting the market and major funding directions.
- Market size analysis: Covering historical growth and future projections.
- Growth factors analysis: Addressing technological advancements, geopolitical factors, and economic shifts.
- Total addressable market (TAM): Offering insights into market potential and strategic growth avenues.
- Regional and country analyses: Breaking down market dynamics by geography with historical and forecast growth data.
- Competitive landscape: Describing market competition and recent financial developments.
- Company scoring matrix: Ranking leading companies by market share, product innovation, and strategic positioning.
Market Segmentation:
- By Component: Diodes, Transistors, Modules, Substrates
- By Material: Silicon Carbide (SiC), Gallium Nitride (GaN)
- By Application: Hybrid/Electric Vehicles, Photovoltaic Inverters, Railway Tractions, and more.
- By End-Use Industry: Automotive, Consumer Electronics, Telecommunications, Energy, Aerospace, and Defense.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026-2030 |
| Estimated Market Value (USD) in 2026 | $2.69 Billion |
| Forecasted Market Value (USD) by 2030 | $4.28 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
The companies featured in this Wide Bandgap Semiconductors market report include:
- Panasonic Corporation
- Navitas Semiconductor Corporation
- Mitsubishi Electric Corporation
- Toshiba Corporation
- Fujitsu Limited
- Texas Instrumennts Inc.
- STMicroelectronics N.V.
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Analog Devices Inc.
- Renesas Electronics Corporation
- Microchip Technology Incorporated
- Fuji Electric Co. Ltd.
- Skyworks Solutions Inc.
- Qorvo Inc.
- ROHM Co. Ltd.
- Vishay Intertechnology Inc.
- II-VI Incorporated
- Nexperia B.V.
- Wolfspeed Inc.
- GaN Systems Inc.
- Efficient Power Conversion Corporation.
For more information about this report visit https://www.researchandmarkets.com/r/wb7ys7
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Wide Bandgap Semiconductors Market
