The Market for Power Devices Continues to Expand and Grow
Advances in manufacturing processes as well as material and packaging technologies, plus the emergence of new application areas, are creating a resurgence of sorts for wide-bandgap devices. According to industry research firm Yole Développement, electronics manufacturing is growing at a steady rate above U.S. GDP in part due to power electronics (Fig. 1). Power devices have found their way into high-value products across different market segments such as information technology, electric motor drives, grid infrastructure, automotive, and aerospace. While the first three are mature markets, electric aerospace and automotive are developing.
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