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Global Wide-bandgap Power Semiconductor Devices Market 2019-2023| Rising Implementation of Signal Processing Applications Drives Growth| TechnavioThe global wide-bandgap power semiconductor devices market research report by Technavio predicts the market to post a CAGR of close to 39% during the period 2019-2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181205005507/en/ 
Technavio has released a new market research report on the global wide-bandgap (WBG) power semiconductor devices market for the period 2019-2023. (Graphic: Business Wire) A key driver for the global wide-bandgap power semiconductor devices market is the increasing demand for high-power density devices. There is an increasing focus on achieving higher efficiency in power systems. The demand for power electronics is high in the aerospace and defense industry as they offer benefits such as light weight, easy maintenance, better control, and fault detection intelligence. The aircraft and military manufacturers have been incorporating SiC and GaN power electronic systems to withstand high voltages and deliver high output. This global wide-bandgap power semiconductor devices market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing In this report, Technavio highlights the growing implementation of signal processing applications as one of the key trends in the global wide-bandgap power semiconductor devices market: Global wide-bandgap power semiconductor devices market: Growing implementation of signal processing applications The intensive signal processing applications such as radio detection and ranging (RADAR), sound navigation and ranging (SONAR), UAVs, and unmanned underwater vehicles (UUVs) in the aerospace and defense industry use processing power, which generates a tremendous amount of heat. The aerospace and defense sector requires durable and high-performance electronics so that products such as missile systems that may be stored for as long as 10 years function effectively when deployed for mission-critical applications. "To develop high-power semiconductors used in RADAR, SONAR, and unmanned aerial vehicles, there is an increase in the adoption of SiC and GaN. The SONAR systems are employed in military vessels in addition to UUVs and UAVs, to track enemy vessels and torpedoes," says a senior research analyst at Technavio. Global wide-bandgap power semiconductor devices market: Segmentation analysis This wide-bandgap power semiconductor devices market analysis report segments the market by application (UPS and PS systems, PV inverters, IMDs, EVs/HEVs, and others) and geography (the Americas, APAC, and EMEA). The UPS and PS systems segment held the largest wide-bandgap power semiconductor devices market share in 2018, accounting for around 41% of the market. This application segment is expected to dominate the global market throughout the forecast period. The APAC region led the market in 2018 with more than 43% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2019-2023. Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more. Some of the key topics covered in the report include: Market Landscape
Market Sizing
Five Forces Analysis Market Segmentation Geographical Segmentation
Market Drivers Market Challenges Market Trends Vendor Landscape
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected].
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