Surging requirement to achieve high efficiency in high power density devices is projected to boost the demand. 

The global wide-bandgap power microprocessor devices market is expected to reach USD 3.36 Billion by 2028, according to a new report by Reports and Data. Wide bandgap microprocessors are those which have a wide bandgap between the valence band and the conduction band. With wide bandgap microprocessor devices play a significant role in achieving high efficiency in high power density devices. These microprocessors have approximately ten fold better conduction capability and switching property than silicon-based microprocessors. Wide bandgap materials are inherently suitable for power electronic devices that provide fast response, and are comparatively smaller and more efficient, with capacity to endure higher input voltages and higher temperatures than their silicon-based counterparts. These characteristics, along with better longevity and greater reliability, place wide bandgap power microprocessor devices as main drivers for key emerging applications like hybrid electric automobiles and renewable energy generation and hence, stimulate the market demand. These devices also play a crucial role in enhancing the efficiency of existing applications.

 Major factors providing impetus to revenue growth of the global ICT market are increasing penetration of mobile devices such as smartphones, tablets, and smart watches, increased affordability and accessibility of the Internet for people worldwide, and rapid digitalization across various industrial sectors including banking finance, telecommunications, education, healthcare, automotive, buildings construction, agriculture, power energy, and oil gas. Other key factors expected to contribute to the global market revenue growth are rapid adoption of emerging technologies such as AI, machine learning, big data analytics, Internet of Things (IoT), and cloud computing in a wide range of industries, emergence of the 5G technology, rising demand for advanced Wi-Fi systems, increasing need for faster Internet services, and growing concerns about user data safety and privacy.  

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Table of Contents:

Chapter 1. Methodology Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

       1.4.1. Primary Sources

       1.4.2. Secondary Sources

       1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. Global Pharma Healthcare Market Segmentation 

4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis

4.2. Industrial Outlook

       4.2.1. Market indicators analysis

       4.2.2. Market drivers’ analysis

       4.2.3. Market restraints analysis

 4.3. Technological Insights

 4.4. Porter’s Five Forces Analysis

 4.5. Regulatory Framework

 4.6. Price trend Analysis

 4.7. Competitive Metric Space Analysis

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Key Regional Markets Covered in the Report:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Top 10 Companies Operating in the Global Wide-Bandgap (WBG) Power Microprocessor Devices Market:

Transphorm, Infineon Technologies, Texas Instruments, GaN Systems, ST Microelectronics, Microsemi, Genesic Microprocessors, United Silicon Carbide, Exagon, and Monolith Microprocessor.

Further key findings from the report suggest

• Silicon Carbide occupies the largest market share in the year 2020 registering a growth rate of CAGR 22.9% during the forecast period.
• Silicon Carbide is more cost-intensive to manufacture than the silicon counterparts and thus has led to the development of cost-effective manufacturing of Gallium Nitride for use wide bandgap power microprocessor devices. GaN is projected to grow at highest growth rate of 23.3% during the forecast period.
• The market for wide bandgap microprocessors in uninterrupted power supply applications occupies the largest market share comprising 40% of the market with a growth rate of CAGR 22.9% during the forecast period. An Uninterruptible Power Supply finds application to safeguard important devices from mains supply issues, including spikes, voltage drops and fluctuations as well as total power failures using a dedicated battery unit. A UPS system may also be used to bridge the power gap while a standby generator is started and synchronized. These applications of UPS is expected create a surge in demand and in turn, will the demand for wide bandgap power microprocessor devices.
• Asia Pacific is projected to be the main revenue generating region throughout the forecast period. The market is projected to grow at a CAGR of 23.1% in the forecast period and occupies a market share of around 44% in the year 2020. This can be attributed to factors such as the surging deployment of the uninterrupted power supply devices in the significantly increasing number of data centers in the region and huge investments made in advancement of high signal processing equipment particularly in military and aviation industry. The implementation for wide-bandgap power microprocessor devices in this region is highly likely to surge during the forecast period.

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