Global Gallium Nitride (GaN) Semiconductor Devices Market is valued USD 17.01 billion in 2016 is anticipated to grow USD 29.2 billion with the compounded annual growth of 6.2% over the forecast period 2018-2025.
New York 11 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Gallium Nitride (GaN) Semiconductor Devices market industry is poised to raise USD 29.2 billion by 2025. Rapidly growing electronic devices market, increasing demand of radio frequency semiconductors, requirement of power efficiency and low cost in electronic appliances, and rising use of electric vehicles are the driving factors in the growth of Global Gallium Nitride (GaN) Semiconductor Devices Market. Gallium nitride (GaN) is a semiconductor that is used in production of devices that offers high efficiency, low size, high output and fulfil the demand for radio frequency. The Gallium Nitride semiconductor has low switching loss, low power resistance, high breakdown voltage and low conduction loss than silicon-based semiconductor and hence the GaN semiconductor is replacing silicon-based technology. It is being used in diodes, transistors, inverters and amplifiers. The GaN also finds its applications in smartphones, TVs and laptops, LEDs, laser, solar cells and in automotive sector, it finds its attribution in switching system and decorative lightning. The rising use of gallium nitride in aerospace application, defence, solar power, electric and hybrid vehicle are setting new prospects for the growth of Global Gallium Nitride (GaN) Semiconductor Devices Market. However, the high manufacturing cost of gallium nitride and some health-related issues such as skin and eye irritation and that causes the use of expensive outfit for the protection, and that restraints the growth of the GaN market.
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Global Gallium Nitride (GaN) Semiconductor Device Market Size study, by Device Type (Opto, Power, RF), by Wafer Size, by Application (Power Drives, Supply and Inverter, RF, Lighting and Laser), by Vertical (Telecommunication, Consumer, Automotive) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Cree, Samsung, Infineon, Qorvo, MACOM, Microsemi Corporation, Analog Devices, Mitsubishi Electric, Efficient Power Conversion, GaN Systems, Exagan, VisIC Technologies, Integra Technologies, Transphorm, Navitas Semiconductor, Nichia, Panasonic, Texas Instruments, Ampleon, Sumitomo Electric, Northrop Grumman Corporation, Dialog Semiconductor, Epistar, RF Micro Devices Corporation, Osram Opto-semiconductors, Aixtron SE, Gallia Semiconductor, ROHM Company Limited and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
By Device Type:
By Wafer Size:
- 2 – Inch
- 4 – Inch
- 6 – Inch and above
- Power Drives
- Supply and Inverter
- Lighting and Laser
- North America
- Asia Pacific
- Latin America
- Rest of the World