Gallium Oxide Market Size 2024-2028

The gallium oxide market size is estimated to grow by USD 119,344.7 a CAGR of 43.61% between 2023 and 2028. Market growth relies on various factors, including the escalating demand for high-power-density devices, swift advancements in electric vehicle technology, and expanding applications of gas sensors. These elements collectively shape the trajectory of market expansion, reflecting a convergence of technological innovation and industrial trends. The increasing demand for high-power-density devices underscores the need for compact and efficient solutions in various sectors, such as electronics and automotive. Simultaneously, the rapid development of electric vehicles signifies the transition towards sustainable transportation and the demand for associated components and infrastructure. Additionally, the expanding applications of gas sensors highlight their critical role in environmental monitoring, safety, and industrial processes. Thus, the interplay of these factors delineates the landscape for the anticipated growth of the market, driven by evolving technological needs and market demands.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, Request Free Sample

Market Segmentation

By Type 

The beta-gallium oxide segment is estimated to witness significant growth during the forecast period. One of the best forms of gallium oxide is beta-gallium oxide which is the most thermodynamically stable phase of gallium oxide. There is a significant increase in the development of beta-gallium oxide material and device technologies due to its superior material properties based on the very large bandgap of over 4.5 eV. 

Get a glance at the market contribution of various segments View the PDF Sample

The beta-gallium oxide segment was the largest segment and was valued at USD 6,142.10 in 2018. This segment is often widely used for power-switching device applications due to its extremely large breakdown electrical field and the availability of large-diameter, high-quality wafers that are manufactured from melt-grown bulk single crystals. Gallium oxide-based power devices have wide applications in data centers, electric vehicles (EVs), and power electronics due to their higher efficiency, higher power density, and faster switching speeds. It is expected to have a significant adoption of gallium oxide over silicon silicon-based devices as more advanced technologies are emerging, which can significantly reduce the cost of manufacturing gallium-based devices. Hence, such factors are expected to drive the growth of the segment which in turn will drive the market growth during the forecast period.

By Application

The adoption of gallium oxide in power and high-voltage devices for electric vehicles (EVs) and EV charging stations is gaining traction. Compared to silicon, SiC, and GaN, gallium oxide offers superior temperature resistance without breakdown. The automotive industry's focus on sustainable technologies and increased investments in EVs and hybrid electric vehicles (HEVs) drive the demand for compound semiconductors, including gallium oxide. Its high-performance characteristics, such as faster switching speed, low switching losses, and high thermal conductivity, enhance the electrical efficiency and mileage of EV powertrains, converters, and charging systems. As electrification in the automotive sector expands, the demand for power and high-voltage devices will grow, supporting market growth throughout the forecast period.

By Region

APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions Download PDF Sample now!

Some of the main factors for the significant growth of the global Ga2O3 market in APAC are the increasing adoption of uninterruptible power supply (UPS) products in a growing number of data centers, rising demand for industrial motor drives due to rapid industrialization, the use of PV inverters in solar power plants, and the increasing adoption of EVs/HEVs. Additionally, the rising investments in renewable energy sources in APAC is also significantly contributing to the market growth. Furthermore, several prominent automobile manufacturers in APAC, such as Toyota Motor, Nissan Motor, and Mitsubishi Motors, are fuelling the high demand for gallium oxide as these companies use gallium oxide power semiconductor devices for high power and efficiency in EVs/HEVs. Hence, such factors are expected to drive the growth of the market growth in the region during the forecast period.

Market Dynamics and Customer Landscape

The market plays a pivotal role in the semiconductor industry, providing essential materials for various applications. Gallium oxide (Ga2O3), with its unique properties and molecular formula, is extensively utilized in semiconductor manufacturing processes. Its use extends to phosphors, cathodes, and sputtering targets, among others, driving advancements in power electronic devices, memory chips, and microprocessors. With techniques like Molecular Beam Epitaxy, Chemical Vapor Deposition, and Thermal Vaporization and Sublimation, gallium oxide's significance in the electronics industry is further emphasized. As demand grows for solar-blind photodetectors and complex systems on a chip, the market continues to expand, offering solutions for diverse technological needs. Chemical vapour deposition is utilized in the production of commodity integrated circuits and power & high voltage devices, where GGG (gallium gadolinium garnets) crystals play a significant role due to their chemical compound composition, often requiring specific treatments to resist alkalies. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

One of the key factors driving the market growth is the increasing applications of gas sensors. There is an increasing application of gallium oxide as an ultrawide bandgap semiconductor in a variety of device applications due to its superior qualities. Gas sensors are widely used across different industries such as petrochemicals, automotive, and others as gas detection plays a crucial role in the safety of workers, assets, and plants.

Furthermore, the rising investments in oil and gas refining plants and storage tanks in several countries, such as India, Iran, Malaysia, Brazil, Nigeria, Indonesia, the UAE, and China are expected to drive the demand for gas sensors which, in turn, will significantly contribute to the global Ga2O3 market growth. Hence, such factors are expected to drive market growth during the forecast period.

Significant Market Trends

A key factor shaping the market growth is the increasing production of gallium oxide. They has emerged as a highly viable semiconductor material due to the several advantages of ultrawide-bandgap and rich material systems. One of the main reasons for the high demand is that can be grown efficiently at a low cost, making them highly competitive when compared to single crystals and the epitaxial growth of other wide-bandgap semiconductors.

For example, in late 2022, Flosfia started the mass production of corundum-structured gallium oxide power semiconductor devices for automotive applications. The main application of gallium oxide devices in automotive is that they can reduce the power consumption in EVs and increase their cruising range by about 10% when compared with silicon carbide power devices. Hence, such applications are expected to drive market growth during the forecast period.

Major Market Challenge

The high production cost of gallium oxide-based semiconductors is one of the key challenges hindering market growth.  Gallium oxide are compound semiconductor material more expensive when compared to silicon. Another significant challenge is the manufacturing of gallium-based materials which is much more complex when compared to silicon-based power devices which require low investment.

Furthermore, silicon can be a potential alternative to gallium oxide as it is widely available and it is comparatively less expensive than gallium. The manufacturing of gallium requires high investments as it requires the installation of high-end equipment, the complexity of the procedures involved, and the need for advanced technologies to manufacture gallium oxide semiconductor devices. Hence, such factors are expected to hinder the market growth during the forecast period. This report extensively covers market segmentation by Type (beta-gallium oxide and alpha-gallium oxide), Application (power and high voltage devices, electroluminescent devices, gas sensors, and others), and Geography (APAC, North America, Europe, South America, and the Middle East and Africa). 

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Key Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

American Elements: The company offers gallium oxide such as American Elements GA-OX-03 Gallium oxide.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

AGC Inc.,  Anhui Fitech Materials Co. Ltd., Ascensus Specialties LLC, Central Drug House Pvt. Ltd., DISCO Corp., FLOSFIA Inc., Fomos Materials, Kyma Technologies, MATRIX SOLUTION, Merck KGaA, Neo Performance Materials Inc., Novel Crystal Technology Inc., Otto Chemie Pvt. Ltd., Shanghai Xinglu Chemical Technology Co. Ltd., Sino Santech Materials Technology Co. Ltd., Thermo Fisher Scientific Inc., Ultrananotech Pvt. Ltd., UrbanMines Tech Ltd., and Vital Materials Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Thousand" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Type Outlook
  • Beta-gallium oxide
  • Alpha-gallium oxide
• Application Outlook 
  • Power and high-voltage devices
  • Electroluminescent devices
  • Gas sensors
  • Others
• Geography Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

You may also interested in below market reports:

Semiconductor Foundry Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Taiwan, China, South Korea, Germany - Size and Forecast

Atomic Layer Deposition (ALD) Market by Type, Application, and Geography - Forecast and Analysis

Smartphone RF Power Amplifier Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Japan, South Korea - Size and Forecast

Market Analyst Overview

The market is witnessing robust growth driven by its diverse applications in the semiconductor and electronics industries. Gallium gadolinium garnets (GGG) and piezoelectric crystals are integral components in opto-semiconductor devices and RF semiconductor devices, enhancing their performance. With chemical vapor deposition and chemical synthesis techniques from companies like Strem Chemicals, Dow Chemical, and BASF, production processes are optimized. Ga2O3's unique properties, including its band gap and resistance feature, make it ideal for fast switches and multi-kilovolt-class power transistors. Its applications span across automotive electronics, solar power devices, and defense systems, while advancements in Gallium oxide transistor technology promise innovation in electric vehicle charging stations and photovoltaic solar systems. Despite limited production, Ga2O3 remains pivotal in driving technological advancements.

Furthermore, the market is witnessing significant growth driven by the demand for Ga2O3 (Gallium Oxide) in the semiconductor market. With the emergence of Ga2O3-device technology, including multi-kilovolt-class power transistors and MOSFETs, the market is experiencing a surge in applications across various sectors like industrial machinery, aerospace, and consumer electronics products such as smartphones and LED lamps. As FETs become a critical component in power semiconductor devices and RF semiconductor devices, substrates and epitaxial wafers are pivotal for their fabrication. Despite challenges like limited production of gallium, the global gallium oxide in semiconductor market is poised for robust growth, particularly in power distribution systems and high-voltage rectifiers.

View PDF Sample

What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2028.
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch