The global GaN semiconductor devices market is growing rapidly. The market growth attributes to the surging demand for GaN semiconductor devices in military and space applications. Considerable stability in the radiation environment, GaN devices demonstrate many benefits space, and military applications offer favorable characteristics to terahertz (THz) devices. Besides, greater stability in radiation surroundings possessed by GaN semiconductors fosters its use in the automotive and aerospace sectors to drive the growth of the market.
Also, rising usages of gallium nitride semiconductor devices in different industrial sectors such as telecommunications, consumer electronics, and medical industries escalate the market growth to furthered height. According to Market Research Future (MRFR), the global GaN semiconductor devices market valuation is expected to reach 27 BN by 2023, growing at 8?GR during the assessment period (2017 – 2023). The low production cost of GaN-based devices acts as a tailwind to the market growth.
Additionally, factors such as the spurting growth in industries such as automotive, aerospace, ICT, telecommunication, healthcare, and consumer electronics substantiate market growth. Furthermore, technological advances and the augmenting demand for the extra bandwidth from the end-user of electronic devices push the growth of the market. Conversely, the high manufacturing costs of these devices are the major factors expected to obstruct market growth.
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Global GaN Semiconductor Devices Market – Segmentations
The report is segmented into four segments;
By Type: Opto-Semiconductor, Power Semiconductor, RF Semiconductor, and others.
By Wafer Size: 2 inches, 4 inches, 6 inches, and above.
By End User: Automotive, Aerospace & Defense, Consumer Electronics, Telecommunication, Medical, and others.
By Regions: Americas, Europe, APAC, and the Rest-of-the-World.
Global GaN Semiconductor Devices Market – Geographical Analysis
North America leads the global GaN semiconductor devices market. The largest market growth attributes to the rising demand for semiconductor devices in military, offshore oil & gas exploration, and emergency medical service providers. Besides, the presence of many notable players and well-developed aerospace sectors in the region drives the regional market growth.
Moreover, the growing consumer electronics market fosters the growth of the GaN semiconductor devices industry in the region. The US accounts for the leading share in the regional market owing to the rapid development in the aerospace sector. The North American GaN semiconductor devices market is estimated to retain its dominance over the global market throughout the review market.
Europe stands second in the GaN semiconductor devices market. The market is driven by the burgeoning end-user industries such as the automobile and consumer electronics industries. Moreover, rising adoption of gallium nitride semiconductor devices in the well-developed sectors such as defense & aerospace, information & communication technology, and healthcare contribute to the regional market growth.
Simultaneously, the fast-paced and high-quality lifestyle and the increasing demand for consumer goods such as television, computers, laptops, and gaming devices, foster the market growth in the region. The European Space Agency (ESA) acknowledges GaN as key enabling technology, which substantiates the adoption of these devices. The European GaN semiconductor devices market is projected to create a substantial revenue pocket.
The GaN semiconductor devices market in the Asia Pacific region is emerging as the most promising space. Factors such as the emergence of many novel innovations such as GREAT2 (GaN reliability enhancement and technology transfer) and the rapidly growing well-established automotive and aerospace sectors provide impetus to the regional market growth. The region is witnessing constant economic growth, especially in countries such as India and China, which positively impacts the regional market growth.
Among other APAC countries, India is increasingly becoming a hub for technology, automotive, and aerospace developments, with a steady flow from foreign investors. Owing to the raw material advantages and the availability of cost-competitive labor force, substantiate the GaN semiconductor devices industry in the region. The APAC GaN semiconductor devices market is expected to grow at an impressive CAGR during the assessment period.
Global GaN Semiconductor Devices Market – Competitive Landscape
Highly competitive, the GaN semiconductor devices market appears fragmented due to the presence of several well-established players. Industry players adopt strategies such as collaboration, mergers & acquisitions, expansion, and product/ technology launch to gain a competitive share. Significant investments are transpired in the R&D to upgrade technology and product developments & applications across the industries.
Major Players:
Players leading the GaN semiconductor devices include Panasonic Semiconductors (Japan), Fujitsu Ltd (Japan), Texas Instruments (US), Osram Opto-semiconductors (Germany), RF Micro Devices Corporation (US), Cree Incorporated (US), Aixtron SE (Germany), Toshiba (Japan), Infineon Technologies (Germany), ROHM Company Limited (Japan), Gallia Semiconductor (Belgium), NXP Semiconductors (US), Nichia Corporation (Japan), Koninklijke Philips N.V. (Netherlands), and Qorvo (US), among others.
Industry/Innovation/Related News:
July 21, 2020 —- Cambridge GaN Devices Ltd. (CGD – the UK), leading GaN power transistor maker, announced that it would lead a €10.3MN (USD 1, 21, 52,764) European project GaNext to develop fast-switching intelligent GaN power modules. All GaN power transistors produced commercially so far are hemts (high electron mobility transistors).
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GaN Semiconductor Devices Market Research Report: by Type (Opto-Semiconductor, Power Semiconductor, and RF Semiconductor), by Wafer Size (2 inches, 4 inches and 6 inches and above) by Device and by End User – Forecast till 2027
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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