“Global Gallium Nitride Semiconductor Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global gallium nitride semiconductor devices market report has been segmented on the basis of product type, devices, end-use industry, and region.
Global Gallium Nitride Semiconductor Devices Market: Overview
Gallium nitride is a binary III-V direct bandgap semiconductor compound made of gallium and nitride with a Wurtzite crystal structure. Gallium nitride is widely used in optoelectronics, high frequency and high power owing to its wide bandgap of 3.4 eV. Gallium nitride is used for manufacturing of semiconductor devices such as light-emitting diodes, high electron mobility transistor, etc. In addition, GaN is used for active electronically scanned array radars in military electronics and for power transmission utilities in energy sector.
Global Gallium Nitride Semiconductor Devices Market: Dynamics
Increasing demand for gallium nitride semiconductor devices owing to high voltage, high frequency, high electron mobility, high temperature, and others is a major factor expected to fuel growth of the target market in the next coming years. In addition, growing demand for GaN semiconductor devices in power drives owing to save energy by possessing low conduction resistance and high breakdown voltage characteristics is another factor projected to support growth of the global gallium nitride semiconductor devices market. Furthermore, growing population, high spending capacity, increasing digitalization and growing demand for the product in various industries such as consumer electronics, automotive, and others are among the other factors expected to drive growth of the gallium nitride semiconductor devices market in the next 10 years.
However, high cost of gallium nitride semiconductor devices is a major factor which may hamper growth of the gallium nitride semiconductor devices market.
Implementation of 5G infrastructure and increasing funding in R&D and advancements in technology in various industries such as aerospace, automotive and electronics are factors expected to create revenue opportunity for manufacturers operating in the target market.
Global Gallium Nitride Semiconductor Devices Market: Segment Analysis
Among the product type segments, the opto-semiconductor segment is expected to register highest revenue share in the target market in the next 10 years.
Among the devices segments, the lighting and laser segment is expected to account for moderate revenue share in the target market in the next coming years.
Among the end-use industry segments, the consumer electronics segment is projected to register significant revenue share in the target market.
Global Gallium Nitride Semiconductor Devices Market: Region Analysis
The gallium nitride semiconductor devices market in North America is estimated to account for major revenue share in the target market. This is attributed to increasing use for gallium nitride semiconductor devices in electronics and aerospace industries. The market in Asia Pacific is projected to register highest CAGR in the target market in the next 10 years, owing to rapid urbanization, coupled with increasing disposable income, growing demand for GaN semiconductor devices in countries in the region. China is expected to register significant revenue share in the Asia Pacific market. The Europe market is expected to account for moderate growth in terms of revenue in the global gallium nitride semiconductor devices market.
Global Gallium Nitride Semiconductor Devices Market Segmentation:
Segmentation on the Basis of Product Type:
- Power Semiconductor
- RF Semiconductor
Segmentation on the Basis of Devices:
- Power Drivers
- Radio Frequency
- Lighting & Laser
- Switching Systems
- Others (transistors, diode, rectifier, power ICs)
Segmentation on the Basis of End-use Industry:
- Consumer Electronics
- Aerospace and Defense
- IT and Telecom
- Others (Industrial and Medical)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Texas Instruments Incorporated
- GaN Systems Inc.
- Toshiba Corporation
- Efficient Power Conversion Corporation
- NexGen Power Systems, Inc.
- NXP Semiconductors N.V.
- Cree Inc.
- Panasonic Semiconductors
- Infineon Technologies AG
- Qorvo, Inc.
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