Market for GaN and SiC Power Semiconductors to Rise By Factor of 18 from 2012 to 2022, According to IMS Research

IMS Research predicts that the market for Silicon Carbide (SiC) and Gallium
Nitride (GaN) power semiconductors will grow to 18 times its current size
during the next ten years fueled by demand from power supplies, photovoltaic
(PV) inverters and industrial motor drives. Worldwide revenue from sales of SiC
and GaN power semiconductors is projected to rise to $2.8 billion in 2022, up
from just $143 million in 2012, according to a new report from IMS Research,
now part of IHS. The company predicts double digit growth annually for the next
ten years.

SiC Schottky diode are the best selling SiC or GaN devices currently with
revenue exceeded $100 million in 2012, IHS says. IHS predicts that SiC Schottky
diode revenue will grow until 2015, but will decline when lower-priced 600-V
GaN diodes become available. Then, revenue for SiC will recover to approach
$200 million by 2022, with sales concentrated at 1200V and above. GaN power
technology is just appearing on the market and can be grown on silicon
substrates for potentially lower costs compared to SiC.