Market
Size – USD 69.3 Million in 2019, Market Growth - CAGR of 20.8%, Market Trends –
The rising adoption of electric vehicles
Gallium nitride (GaN) is a wide
bandgap semiconductor that finds extensive usage in blue light-emitting diodes
(LEDs), integrated circuits, and high-efficiency power transistors. The superior
characteristics of gallium nitride, such as higher switching speed and robust
resistance to extreme temperatures, make it the most suitable replacement for other
conventional semiconductors. The use of GaN semiconductors significantly
enhances the performance of specific electronic components. Moreover, gallium
nitride offers numerous advantages over other semiconductor materials, such as
Silicon, Aluminum, and Silicon Carbide.
Revenue
from the global gallium nitride market is projected to register a substantial
growth rate over the forecast period. The global market growth is mainly
attributed to the extensive usage of gallium nitride in consumer electronic
devices, the rapidly expanding consumer electronics industry, and the increasing
use of gallium nitride in fast chargers for smart mobile devices, such as
laptops, smartphones, and tablets. The rising demand for reduced power consumption
for laptops and smartphones has prompted companies like Samsung, Anker, Lenovo,
Belkin, and Oppo to mass-produce fast and highly efficient chargers. The
GaN-based chargers offer up to three times faster charging than the silicon-based
chargers. The growing usage of gallium nitride in RF power electronics,
electric vehicle batteries, and optoelectronic devices is a significant factor
inducing the growth of the global gallium nitride market.
Hence,
the surging demand for RF semiconductor devices and LEDs across the automotive,
aerospace, and military & defense industries is another key factor boosting
the market growth. The increasing industrial applications of GaN, such as smart
grid power systems, heavy industrial
machinery and control systems, and electromechanical computer systems,
high-voltage direct current (HVDC), and hybrid electric vehicles, create
greater prospects for the global market growth in the future.
Read
more@ https://www.emergenresearch.com/industry-report/gallium-nitride-market
Key
Highlights of the Report:
·
In terms of application, the optoelectronics sub-segment
dominates the global gallium nitride market,
accounting for the largest market share. The growing deployment
of optoelectronic devices, such as LEDs, photodiodes, solar cells, and lasers,
in the automotive sector, increasing demand for advanced consumer electronics,
and the surging use of GaN in indoor and outdoor lighting solutions propel the
growth of this segment.
·
Among the key regional markets, the North
American gallium nitride market is expected to account for the most significant
revenue share over the projected period. Increasing applications of GaN
semiconductors in the consumer electronics,
automotive, aerospace, healthcare, and military & defense sectors of the
region boost the growth of the market in North America.
·
The leading market players include Mitsubishi
Chemical Corporation, DOWA Electronics Materials Co. Ltd., Infineon
Technologies, American Elements, IQE PLC, Cree Inc., Soitec, Furukawa Co. Ltd.,
Kyma Technologies Inc., and Nitride Semiconductors Co. Ltd.
·
In November 2020, Baseus, a renowned
consumer electronics brand in Germany, introduced its all-new
GaN series 120W charging heads. The
high-power charging plugs are specifically designed for charging
laptops of around 100W 20V/5A and are highly compatible with MacBook, HP, Dell,
and Lenovo laptops.
Emergen
Research has segmented the global gallium nitride market based on substrate
type, application, distribution channel, and region:
By Substrate Type (Revenue, USD
Billion; 2017-2027)
o GaN-on-Si
o GaN-on-SiC
o GaN-on-Sapphire
o Others
By Application (Revenue, USD
Billion; 2017-2027)
o Radio Frequency Devices
- Wireless Infrastructure
- Military & Defense
- Satellite Communication
- Others
o Power Electronics
- Electric Vehicles
- Power Supply
- Wireless Power
- LiDAR
- Envelope Tracking
- Servers & Data Centers
- Solar Photovoltaic Technology
- Others
o Optoelectronics
- LED
- LASER
- Others
By Distribution Channel (Revenue,
USD Billion; 2017-2027)
o Online
o Offline
By Region (Revenue,
USD Billion; 2017-2027)
o
North America
•
U.S.
•
Canada
o
Europe
•
Germany
•
U.K.
•
France
•
BENELUX
•
Rest of Europe
o
Asia Pacific
•
China
•
Japan
•
South Korea
•
Rest of Asia Pacific
o
Latin America
•
Brazil
•
Rest of Latin America
o
Middle East & Africa
•
Saudi Arabia
•
U.A.E.
•
Rest of Middle East & Africa
