Wide-bandgap materials and devices market to grow at 10.5% CAGR from $11.24bn in 2026 to $16.75bn by 2030

What happened

According to The Business Research Company's 'Wide Bandgap Semiconductor Material And Devices Market Report 2026 – Market Size, Trends, And Global Forecast 2026–2035', the market for wide bandgap semiconductor materials and devices grew at a compound annual growth rate (CAGR) of 10.9% from $10.14bn in 2025 to a projected $11.24bn by 2026, and is projected to grow at a 10.5% CAGR from $11.24bn in 2026 to $16.75bn by 2030. The stated drivers are increasing demand for power electronics with enhanced efficiency, wider use of silicon carbide (SiC) materials, growing requirements for semiconductor devices capable of operating at high temperatures, the need for higher breakdown voltages, and the expansion of gallium nitride (GaN) device fabrication. The 2026 and 2030 figures are projections, not achieved results.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 11/6/2026 · View original source