Gallium Nitride Semiconductor Devices Market
Gallium Nitride Semiconductor Devices Market Forecasts to 2028 - Global Analysis By Product Type (Opto-Semiconductors, Radiofrequency Devices and Other Product Types), Component (Transistor, Diode, Rectifier, Power IC and Other Components), Wafer Size (1 & 2 Inch, 4 Inch, 6 Inch, 8 Inch and Other Wafer Sizes ), Application (Defense Communication Devices, Telecom & Datacom Server, Chargers & Adapters, Wireless Charging, Battery Test System and Other Applications), End User (IT & Telecommunication, Consumer Electronics, Automotive & Transportation, Aerospace & Defense & Other End User) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $2.33 BN |
|
Projected Year Value (2028) |
US $8.66 BN |
|
CAGR (2022 - 2028) |
24.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Gallium Nitride Semiconductor Devices Market is accounted for $2.33 billion in 2022 and is expected to reach $8.66 billion by 2028 growing at a CAGR of 24.4% during the forecast period. The growth of the gallium nitride semiconductor devices market can be recognized to the advantages offered by GaN semiconductor devices over silicon devices. Silicon materials have been used for manufacturing electronic devices such as smart phones, computers, cameras, and televisions. However, the slowdown in potential innovative properties of silicon created an opportunity for GaN semiconductor devices, which are 100 times faster than silicon. The advantages offered by GaN over silicon devices include higher energy efficiency, lower costs, and faster device speed, among others are propelling the market growth.
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Market Dynamics:
Driver:
Increasing Demand in energy and power applications
The increasing demand for gallium nitride semiconductor devices in energy and power applications is because LEDs, private home battery chargers, and other modern active devices are becoming more connected. Wireless communications and high bandwidth speeds are in high demand. Many telecommunications companies are dispatching 5G infrastructure to support and backup the industry. GaN semiconductors are excellent for use in power switches. MACOM and Qorvo are developing GaN-on-Si semiconductors to meet the demand for different kinds of energy-efficient devices are driving the gallium nitride semiconductor devices market.
Restraint:
Availability of higher efficacy alternatives
Silicon carbide is an alternative which offers superior power efficiency and advanced power handling capacity for several power functions, including power rectification, power amplification, and power transmission and is perfect replacement material for silicon for high voltage power applications as it offers advanced features such as power efficiency at high voltages, high reliability in power rectification etc. However gallium nitride semiconductors offer various advantages including its extensive power efficiency; it does not possess the capacity to deliver advanced performance as that of silicon carbide in case of high voltage. Hence silicon carbide is preferred as better option for high voltage semiconductors than that of the gallium nitride are hampering the growth of the market.
Opportunity:
Sustainability of gallium nitride in RF applications
There has been a massive demand for RF semiconductor device industry which is driving the gallium nitride semiconductors market. As the RF factor is closely related to the communication sector and requires electronic devices to operate at a wide spectrum of communication frequency ranges as the application. They provide an ability to deliver high power amplification at very high frequency ranges. Moreover recent advancements in the technology of the gallium nitride are further enhancing the market growth.
Threat:
High cost of producing pure gallium nitride
The cost of producing pure gallium nitride, which has been popular semiconductor material used in high-voltage power electronics for a decade, is greater than that of silicon carbide, which is one of the key inhibitors of the worldwide market for GaN semiconductor devices. GaN device manufacturing involves a number of expenses, including those for the substrate, fabrication, packaging, support electronics, and research. Therefore, their high cost are hindering the market growth.
Covid-19 Impact
The COVID-19 global epidemic has had a negative impact on the growth of GaN manufacturers due to the blackout of larger manufacturing units. Furthermore, the pandemic has momentarily reduced demand for the electronics and automotive sectors as it severely limits the spread of the disease and has impacted the market's future opportunities. The GaN Semiconductor Devices Market is expected to be affected by various trade conflicts and relationships between countries thereby hindering the market growth.
The Opto-Semiconductors segment is expected to be the largest during the forecast period
The Opto-Semiconductors segment is estimated to have a lucrative growth, due to its viable technology implementation, opto semiconductors have standardised autonomous vehicles. Optical semiconductors have become essential to the economy's operation and the national security of data. The growing demand for opto semiconductors is introducing previously inaccessible operations into the range of possibilities. Several industrial sectors prefer outsourcing electronics manufacturing services (EMS) because it provides original and high-quality products at low costs, allowing manufacturers to gain a competitive advantage and propel the market growth.
The Transistor segment is expected to have the highest CAGR during the forecast period
The transistor segment is anticipated to witness the fastest CAGR growth during the forecast period, due to rising transistors in various electronic devices such as computer memory chips, solid-state multimedia storage devices for electronic games, cameras, MP3 players, and microprocessors, the market is witnessing demand, In addition, the manufacturers are focusing on developing more power-efficient devices with better functioning to meet the customers' demand and have a competitive edge over others. The advancement in technology for these transistors is evolving by building them with 2-D layers of tungsten diselenide (WSe2) and tin diselenide (SnSe2) are accelerating the growth of the market.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to Because of rapid changes in technology, there is an exponential growth for efficient and high-performance RF components. China and Japan are among the region's leading manufacturer of consumer devices, including LED display devices, smart phones, and gaming consoles. This is a crucial factor pushing regional market growth. The increased demand for strong communication devices in countries such as China, India, and South Korea is expected to drive demand for GaN-based RF devices. The significant increase in wireless electronic device adoption and the expansion of telecommunication infrastructure in the Asia Pacific region are driving the market in this region even further.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to its advanced and modern technological infrastructure, and the existence of many large numbers of manufacturers’s financially rewarding presence of key players as well as the easy availability of raw materials. Furthermore, increased 5G network adoption in Europe is expected to contribute to market growth during the forecast period. The market in Europe is being driven by the increased adoption of advanced technology in the telecom and automotive sectors are boosting the market growth in European region.
Key players in the market
Some of the key players profiled in the Gallium Nitride Semiconductor Devices Market include Efficient Power Conversion Corporation, Analog Devices, Inc,CGD Cambridge GaN Devices, Cree Inc., Fujitsu, GaN Systems, NXP Semiconductor, NexgenPowerSystems, Toshiba Corporation, Texas Instruments Incorporated, RF Micro Devices Incorporated, Infineon Technologies AG, Aixtron SE, Koninklijke Philips N.V and Epigan NV
Key Developments:
In Dec 2022, EPC introduces two new 80 V AEC-Q101 qualified GaN FETs, offering designers significantly smaller and more efficient solutions than silicon MOSFETs for automotive 48 V- 12 V DC-DC conversion, infotainment, and lidar for autonomous driving, efficient Power Conversion Corporation, the world’s leader in enhancement-mode gallium nitride (eGaN®) FETs and ICs.
In Nov 2022, EPC Launches a New Generation of eGaN Technology that Doubles Performance Efficient Power Conversion (EPC) introduces the 80 V, 4 mOhm EPC2619 GaN FET in tiny 1.5 mm x 2.5 mm footprint, offering higher performance and smaller solution size than traditional MOSFETs for high power density applications, including DC-DC conversion, motor drives, and synchronous rectification for 12 V – 20 V.
In Nov 2022, Analog Devices Announces World’s First Long-Reach, Single-pair Power over Ethernet (SPoE) Solutions for Smart Building and Factory Automation to help customers drive greater levels of intelligence into smart buildings, factory automation, and other applications at the edge of traditional networks.
Product Types Covered:
• Opto-Semiconductors
• Radiofrequency Devices
• Power Semiconductors
• Other Product Types
Components Covered:
• Transistor
• Diode
• Rectifier
• Power IC
• Controller
• Other Components
Wafer Sizes Covered:
• 1 & 2 Inch
• 4 Inch
• 6 Inch
• 8 Inch
• 12 Inch
• Other Wafer Sizes
Applications Covered:
• Defense Communication Devices
• Telecom & Datacom Server
• Chargers & Adapters
• Wireless Charging
• Battery Test System
• Energy Storage System
• HVAC
• Electronic Device
• Other Applications
End Users Covered:
• IT & Telecommunication
• Consumer Electronics
• Automotive & Transportation
• Aerospace & Defense
• Energy & Utility
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Gallium Nitride Semiconductor Devices Market, By Product Type
5.1 Introduction
5.2 Opto-Semiconductors
5.3 Radiofrequency Devices
5.4 Power Semiconductors
5.5 Other Product Types
6 Global Gallium Nitride Semiconductor Devices Market, By Component
6.1 Introduction
6.2 Transistor
6.3 Diode
6.4 Rectifier
6.5 Power IC
6.6 Controller
6.7 Other Components
7 Global Gallium Nitride Semiconductor Devices Market, By Wafer Size
7.1 Introduction
7.2 1 & 2 Inch
7.3 4 Inch
7.4 6 Inch
7.5 8 Inch
7.6 12 Inch
7.7 Other Wafer Sizes
8 Global Gallium Nitride Semiconductor Devices Market, By Application
8.1 Introduction
8.2 Defense Communication Devices
8.3 Telecom & Datacom Server
8.4 Chargers & Adapters
8.5 Wireless Charging
8.6 Battery Test System
8.7 Energy Storage System
8.8 HVAC
8.9 Electronic Device
8.10 Other Applications
9 Global Gallium Nitride Semiconductor Devices Market, By End Users
9.1 Introduction
9.2 IT & Telecommunication
9.3 Consumer Electronics
9.4 Automotive & Transportation
9.5 Aerospace & Defense
9.6 Energy & Utility
9.7 Industrial
9.8 Other End Users
10 Global Gallium Nitride Semiconductor Devices Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Efficient Power Conversion Corporation
12.2 Analog Devices, Inc.
12.3 CGD Cambridge GaN Devices
12.4 Cree Inc.
12.5 Fujitsu
12.6 GaN Systems
12.7 NXP Semiconductor
12.8 NexgenPowerSystems
12.9 Toshiba Corporation
12.10 Texas Instruments Incorporated
12.12 RF Micro Devices Incorporated
12.13 Infineon Technologies AG
12.14 Aixtron SE
12.15 Koninklijke Philips N.V.
12.16 Epigan NV
List of Tables
1 Global Gallium Nitride Semiconductor Devices Market Outlook, By Region (2020-2028) ($MN)
2 Global Gallium Nitride Semiconductor Devices Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Gallium Nitride Semiconductor Devices Market Outlook, By Introduction (2020-2028) ($MN)
4 Global Gallium Nitride Semiconductor Devices Market Outlook, By Opto-Semiconductors (2020-2028) ($MN)
5 Global Gallium Nitride Semiconductor Devices Market Outlook, By Radiofrequency Devices (2020-2028) ($MN)
6 Global Gallium Nitride Semiconductor Devices Market Outlook, By Power Semiconductors (2020-2028) ($MN)
7 Global Gallium Nitride Semiconductor Devices Market Outlook, By Other Product Types (2020-2028) ($MN)
8 Global Gallium Nitride Semiconductor Devices Market Outlook, By Component (2020-2028) ($MN)
9 Global Gallium Nitride Semiconductor Devices Market Outlook, By Introduction (2020-2028) ($MN)
10 Global Gallium Nitride Semiconductor Devices Market Outlook, By Transistor (2020-2028) ($MN)
11 Global Gallium Nitride Semiconductor Devices Market Outlook, By Diode (2020-2028) ($MN)
12 Global Gallium Nitride Semiconductor Devices Market Outlook, By Rectifier (2020-2028) ($MN)
13 Global Gallium Nitride Semiconductor Devices Market Outlook, By Power IC (2020-2028) ($MN)
14 Global Gallium Nitride Semiconductor Devices Market Outlook, By Controller (2020-2028) ($MN)
15 Global Gallium Nitride Semiconductor Devices Market Outlook, By Other Components (2020-2028) ($MN)
16 Global Gallium Nitride Semiconductor Devices Market Outlook, By Wafer Size (2020-2028) ($MN)
17 Global Gallium Nitride Semiconductor Devices Market Outlook, By Introduction (2020-2028) ($MN)
18 Global Gallium Nitride Semiconductor Devices Market Outlook, By 1 & 2 Inch (2020-2028) ($MN)
19 Global Gallium Nitride Semiconductor Devices Market Outlook, By 4 Inch (2020-2028) ($MN)
20 Global Gallium Nitride Semiconductor Devices Market Outlook, By 6 Inch (2020-2028) ($MN)
21 Global Gallium Nitride Semiconductor Devices Market Outlook, By 8 Inch (2020-2028) ($MN)
22 Global Gallium Nitride Semiconductor Devices Market Outlook, By 12 Inch (2020-2028) ($MN)
23 Global Gallium Nitride Semiconductor Devices Market Outlook, By Other Wafer Sizes (2020-2028) ($MN)
24 Global Gallium Nitride Semiconductor Devices Market Outlook, By Application (2020-2028) ($MN)
25 Global Gallium Nitride Semiconductor Devices Market Outlook, By Introduction (2020-2028) ($MN)
26 Global Gallium Nitride Semiconductor Devices Market Outlook, By Defense Communication Devices (2020-2028) ($MN)
27 Global Gallium Nitride Semiconductor Devices Market Outlook, By Telecom & Datacom Server (2020-2028) ($MN)
28 Global Gallium Nitride Semiconductor Devices Market Outlook, By Chargers & Adapters (2020-2028) ($MN)
29 Global Gallium Nitride Semiconductor Devices Market Outlook, By Wireless Charging (2020-2028) ($MN)
30 Global Gallium Nitride Semiconductor Devices Market Outlook, By Battery Test System (2020-2028) ($MN)
31 Global Gallium Nitride Semiconductor Devices Market Outlook, By Energy Storage System (2020-2028) ($MN)
32 Global Gallium Nitride Semiconductor Devices Market Outlook, By HVAC (2020-2028) ($MN)
33 Global Gallium Nitride Semiconductor Devices Market Outlook, By Electronic Device (2020-2028) ($MN)
34 Global Gallium Nitride Semiconductor Devices Market Outlook, By Other Applications (2020-2028) ($MN)
35 Global Gallium Nitride Semiconductor Devices Market Outlook, By End Users (2020-2028) ($MN)
36 Global Gallium Nitride Semiconductor Devices Market Outlook, By Introduction (2020-2028) ($MN)
37 Global Gallium Nitride Semiconductor Devices Market Outlook, By IT & Telecommunication (2020-2028) ($MN)
38 Global Gallium Nitride Semiconductor Devices Market Outlook, By Consumer Electronics (2020-2028) ($MN)
39 Global Gallium Nitride Semiconductor Devices Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
40 Global Gallium Nitride Semiconductor Devices Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
41 Global Gallium Nitride Semiconductor Devices Market Outlook, By Energy & Utility (2020-2028) ($MN)
42 Global Gallium Nitride Semiconductor Devices Market Outlook, By Industrial (2020-2028) ($MN)
43 Global Gallium Nitride Semiconductor Devices Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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