Wide Band Gap Semiconductor Market: To Witness Exponential Growth By 2019 - 2027
Global Wide Band Gap Semiconductor Market: Overview According to a new research report pertaining to the wide band gap semiconductor market, published by Transparency Market Research the global wide band gap semiconductor market is expected to reach a value of US$ 3 Bn by 2027 , expanding at a CAGR of ~ 22% from 2019 to 2027 . According to the report, the global wide band gap semiconductor market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period. Rise in Demand for Power Semiconductor Devices to Drive Wide Band Gap Semiconductor Market The use of wide band gap (WBG) semiconductors makes power semiconductor devices smaller, quicker, and more reliable and efficient than other semiconductor materials available in the market. Advantages such as lightweight, longer life cycle, and greater energy band gap offered by wide band gap semiconductor materials make their...