Silicon semiconductor products have evolved over time, with the creation of high precision semiconductor manufacturing equipments and the optimization of device configuration and wafer process. This contributed to the development of miniaturized and high performance electronic products which have become a major part in our daily lives.
In recent years, GaN (gallium nitride) and SiC (silicon Carbide) based semiconductors called the "Next Generation Power Semiconductors"have been receiving much attention. Compared to silicon, GaN and SiC have a wider band gap (Si:1.1, SiC:3.3, GaN:3.4), and therefore it is also called "Wide Band Gap Semiconductors". Comparing the material properties, the figure of merit of SiC is 440 times greater, and GaN is 1130 times than that of Silicon. To fully utilize this material, development in the area of peripheral technology is currently underway. A more compact and highly efficient equipment can be created, by replacing conventional Si(Silicon) semiconductors with a GaN or SiC based new generation power semiconductor. The next generation power semiconductors are expected to open up a new field of opportunities for electronic equipments.

In 2021, the global Next-Generation Power Semiconductors market size will be US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027.
This report focuses on the global Next-Generation Power Semiconductors status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Next-Generation Power Semiconductors development in North America, Europe, Japan, China, Southeast Asia, India, etc.

Global Next-Generation Power Semiconductors Scope and Market Size
Next-Generation Power Semiconductors market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Next-Generation Power Semiconductors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
GaN
SiC

Segment by Application
Renewable Energy
Hybrid & Electric Vehicle
Smart Homes
Others

By Region
North America
Europe
Japan
China
Southeast Asia
India

By Company
Cisco Systems
Fortinet
Barracuda Networks
Juniper Networks
Palo Alto Networks
Forcepoint
Zscaler
Watchguard Technologies
Sophos Group
Check Point Software Technologies