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

The market for wide bandgap semiconductor materials and devices has grown at a compound annual growth rate (CAGR) of 10.9% from $10.14bn in 2025 to a projected $11.24bn by 2026, driven mainly by 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, according to The Business Research Company’s ‘Wide Bandgap Semiconductor Material And Devices Market Report 2026 – Market Size, Trends, And Global Forecast 2026–2035’...