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The gallium nitride semiconductor devices market size is forecast to increase by USD 8.22 billion, accelerating at a CAGR of 29.08% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for GaN devices in various applications. GaN semiconductors offer several advantages over traditional silicon-based devices, including higher efficiency of power electronics, faster switching speeds, and better power handling capabilities. One of the major trends in the market is the increasing adoption of RF GaN in 5G infrastructure developments due to its ability to support high power and high frequency applications. However, market growth is challenged by the high material and fabrication costs associated with semiconductor capital equipment.
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The gallium nitride semiconductor devices market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The opto semiconductors segment is the leading segment dominating the market. The opto semiconductors segment was valued at USD 1.60 billion in 2018 and continued to grow until 2022. LED lights are eco-friendly due to their low power consumption, extended lifespan, and lack of harmful substances like mercury. GaN-based opto semiconductors, used in high-resolution displays, offer brighter, more vibrant colors for applications like gaming and virtual reality. GaN-based solar cells, with higher efficiency and durability compared to traditional silicon-based cells, are gaining importance with the growing demand for renewable energy sources. GaN-based semiconductors are also essential in optical communication systems, enabling high-speed light generation and detection for high-data-rate communication systems. These factors are expected to drive growth in the market's opto semiconductor segment in the coming years. Hence, these factors will fuel the growth of this segment during the forecast period.
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APAC is estimated to contribute 68% to the growth of the global market during the forecast period. APAC plays a vital role in the global GaN semiconductor devices market due to its strong economy. Factors such as industrialization, technological advancements, and the demand for energy-efficient devices are driving market growth in the region.
Consumer electronics, including smartphones and laptops, benefit from GaN technology's high performance and energy efficiency. Additionally, the renewable energy sector adopts GaN technology in solar inverters and wind turbines, enhancing efficiency. In the automotive industry, APAC's prominence as a producer and consumer drives the adoption of GaN-based devices in electric and hybrid vehicles. Furthermore, GaN semiconductor devices find applications in power semiconductors and high-performance computing systems in data centers and telecom infrastructure, catering to the growing demands of cloud computing and IoT. These factors are set to drive regional gallium nitride semiconductor devices market growth in the forecast period.
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The market is witnessing significant growth driven by the demand for higher efficiency across various sectors. GaN semiconductor devices offer superior performance compared to traditional silicon-based devices, making them ideal for applications such as smart grid systems, electric vehicles, communication devices, and consumer electronics. The GaN semiconductor devices market is driven further by the increasing adoption of GaN devices in the automotive, aerospace, and military sectors, as well as in healthcare for applications like MRI scanning equipment. With continuous new product launches and advancements in GaN technology, the market is poised for substantial growth, catering to diverse applications across commercial and defense sectors.
An increase in demand for GAN semiconductor devices is a key factor driving gallium nitride semiconductor devices market growth. GaN, a semiconductor material known for its superior electrical properties, has replaced traditional materials like silicon and gallium arsenide in applications such as analog semiconductors and power electronics and RF components. The growing demand for GaN semiconductor devices is driven by several factors. Firstly, the need for high-speed data transfer and high-frequency RF communication has boosted GaN's popularity due to its ability to operate efficiently at high frequencies.
Secondly, there's a growing demand for energy-efficient power electronics in areas like EVs, solar inverters, and data centers, where GaN-based solutions offer higher efficiency and compact size. Moreover, the proliferation of portable devices like smartphones and laptops is increasing the demand for GaN-based power management devices, known for their high power densities and cost effectiveness. In the medical field, GaN-based laser diodes are gaining traction due to their brightness and efficiency in applications like photodynamic therapy and diagnosis. Lastly, the military and aerospace sectors are embracing GaN-based devices for their reliability in harsh environments. These factors are expected to drive gallium nitride semiconductor devices market growth during the forecast period.
The market is fragmented in nature. Some significant players include Efficient Power Conversion Corp., Infineon Technologies AG, MACOM Technology Solutions Holdings Inc., Microchip Technology Inc.
The gallium nitride semiconductor devices market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Fujitsu Ltd: The company offers high gallium nitride called high electron mobility transistor HEMT power amplifier.
Mitsubishi Electric Corp., Nexgen Power Systems Inc., Nichia Corp., Nippon Telegraph and Telephone Corp., Northrop Grumman Systems Corp., NXP Semiconductors NV, OSRAM GmbH, Panasonic Holdings Corp., Texas Instruments Inc., Toshiba Corp., Wolfspeed Inc., Qorvo Inc., and Transphorm Inc.
Gallium nitride (GaN) semiconductor devices are revolutionizing the electronics industry with their wide bandgap property, enabling higher efficiency and superior performance in various applications. GaN semiconductors offer saturation velocities much higher than silicon devices, making them ideal for high voltage breakdown applications in switching devices and communication devices. GaN semiconductors find extensive use in smart grids, inverters, electric vehicles, and consumer electronics. GaN semiconductors are gaining popularity in the automotive industry due to their ability to handle high power and high voltage requirements.
In the military sector, GaN semiconductors are used in defense systems, radar, and communications applications. GaN semiconductors also find applications in LiDAR, 5G multi-chip modules, opto-semiconductors, pulsed lasers, and other advanced technologies. The global GaN semiconductor devices market is expected to grow significantly due to the increasing demand for energy-efficient and high-performance electronic devices. The market is driven by the growing adoption of GaN semiconductors in electric vehicles, consumer electronics, and industrial applications. The global supply chains for GaN semiconductor devices are evolving to meet the increasing demand, with companies investing in research and development to expand their product offerings and improve manufacturing processes.
The GaN semiconductor industry is advancing rapidly, driven by its superior band gap, carrier density, and low resistance properties. These attributes make GaN ideal for applications requiring high speed and capacitance, such as in optoelectronics and electrification systems. The GaN semiconductor devices market is expanding with growing use in electric vehicles (EVs), including onboard chargers, DC-DC converters, and power inverters. In robotics and wireless communication, GaN is crucial for high-frequency operation and RF applications. Defense communication and radar systems benefit from GaN's performance in electronic warfare and satellite communication. Despite the high initial investments required for wafer processing and device packaging, GaN provides exceptional power density, thermal conductivity, and thermal stability compared to silicon carbide (SiC). GaN-on-silicon and GaN-on-diamond technologies are enhancing power IC performance in battery charging systems and power supply units. This progress is also driving improvements in 5G networks, broadband internet, and digital communication networks.
Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 29.08% |
Market growth 2024-2028 |
USD 8.22 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
22.6 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 68% |
Key countries |
China, US, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Efficient Power Conversion Corp., Fujitsu Ltd., Infineon Technologies AG, MACOM Technology Solutions Inc., Microchip Technology Inc., Mitsubishi Electric Corp., Nexgen Power Systems Inc., Nichia Corp., Nippon Telegraph and Telephone Corp., Northrop Grumman Corp., NXP Semiconductors NV, OSRAM Licht AG, Panasonic Holdings Corp., Qorvo Inc., Texas Instruments Inc., Toshiba Corp., Transphorm Inc, and Wolfspeed Inc. |
Market dynamics |
Parent market analysis, Market forecasting, market growth and trends, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our gallium nitride semiconductor devices market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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