The Global Gallium Nitride Semiconductor device market size is expected to reach USD 24.5 billion by 2027 at a CAGR of 5.9% during the forecast period 2020 to 2027.
The major factors that are expected to be driving the market are the vast addressable market for gallium nitride in consumer electronics and automotive, wide bandgap property of gallium nitride material encouraging innovative applications, success of gallium nitride in RF power electronics, and increasing adoption of gallium nitride RF semiconductor device in military, defense, and aerospace application.
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Gallium nitride (GaN) is a semiconductor compound used to make devices that provide high output power with small physical volume, and high efficiency at ultra-high and microwave radio frequencies. Power devices are being optimized since energy saving is becoming a top priority due to the depletion of oil sources and with limited sources of energy. Two major contributors for losses in power devices are conduction losses and switching losses; however, these losses are being minimized using (GaN) gallium nitride devices which possess high breakdown voltage and low conduction resistance characteristics, thus driving its demand. Also, it has led to the growth of gallium nitride semiconductor devices especially for high efficiency power supplies in server and other IT equipment and in the rapidly expanding hybrid electric vehicles and electric vehicles. The process of manufacturing gallium nitride semiconductor devices involve growing a GaN crystal or wafer on which transistors and integrated circuits (ICs) can be fabricated.
The major driver for growth of the gallium nitride semiconductor device market includes growing demand for low costs and power consumption in consumer electronics and automotive markets, wide variety of properties associated with GaN material is encouraging innovative applications, also realization of GaN in RF Power electronics, and growing demand of gallium nitride (GaN) RF semiconductor devices especially in defense, military, and aerospace applications. However the major restraint affecting the growth of the gallium nitride semiconductor device market is high costs associated with it and growing opposition from silicon carbide (SiC) devices in high voltage semiconductor applications. Also, the growing interest in implementation of 5G infrastructure and demand for electric and hybrid vehicles globally is creating considerable opportunities for the global gallium nitride semiconductor device market.
The global gallium nitride semiconductor device market can be categorized on the basis of device type, application, wafer size, end use industry, and region. In terms of device, the market can be classified into opto-semiconductor device, power semiconductor device, RF semiconductor device and others. On the basis of wafer size, the market can be categorized into 2-Inch wafer, 4-Inch wafer, 6-Inch wafer and others. On the basis of application, the market can be categorized into power drives, light detection and ranging, radio frequency, lighting & laser and others. On the basis of end use industry, the market can be categorized into IT and telecom, industrial, automotive, military and defense, and others. On the basis of geography, the global gallium nitride semiconductor device market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The growth of the gallium nitride semiconductor device market for opto semiconductor device type is mainly due to wide adoption in the consumer and enterprise sector, industrial, and automotive industry. Light emitting diodes (LEDs) manufactured from gallium nitride are widely being used in televisions and monitor displays, mobile displays, laptop and notebook displays, signs, projectors, and large video displays, and many more. Apart from this, LEDs manufactured from gallium nitride are also used in the automotive industry for lighting including fog lights, stop lights, car interior lighting, headlights and signal lights, dome lights, and many more.
Major players in the global gallium nitride semiconductor device market are Efficient Power Conversion (EPC), Macom, Cree, Infineon, Northrop Grumman Corporation, Qorvo, Panasonic, Microsemi, Mitsubishi Electric, Dialog Semiconductor, Texas Instruments, Epistar, Sumitomo Electric, GaN Systems, Nichia, Samsung, and Exagan among others.
The GaN Semiconductor Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of GaN Semiconductor Devices market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global GaN Semiconductor Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the GaN Semiconductor Devices market development in United States, Europe and China.
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It is pertinent to consider that in a volatile global economy, we haven’t just conducted GaN Semiconductor Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the GaN Semiconductor Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of GaN Semiconductor Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global GaN Semiconductor Devices market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major GaN Semiconductor Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of GaN Semiconductor Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the GaN Semiconductor Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
GaN Semiconductor Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to GaN Semiconductor Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of GaN Semiconductor Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new GaN Semiconductor Devices market. These factors have benefited the growth of the global market for GaN Semiconductor Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for GaN Semiconductor Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
By Device Type
- Power Semiconductor
- RF Semiconductor
By Wafer Size
- 6-inch and Above
- Power IC
- Power Drivers
- Supply and Inverter
- Radio Frequency
- Lighting and Laser
By Industry Vertical
- Consumer and Enterprise
- Military, Defense, and Aerospace
- North America
- Asia Pacific (APAC)
- Rest of the World (RoW)
In this study, the years considered to estimate the market size of GaN Semiconductor Devices are as follows:
- History Year: 2016-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year 2020 to 2027
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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