The use of wide bandgap power semiconductor devices such as SiC and GaN is still in the early stages of market development. Howerver, the potential that these market dynamics will change is highly likely. This market insight evaluates the current market status of SiC and GaN devices and their technological developments. Further, it discusses key market dynamics, identifies market drivers and restraints, and explains applications for power conversion devices. The base year is 2012, and the forecast period is 2013 to 2020.