The Global Gallium Nitride Semiconductor Device Market was valued at USD 16.68 billion in 2016 and is projected to reach USD 25.33 billion by 2025, growing at a CAGR of 4.75% from 2017 to 2025.
Gallium nitride (GaN) is a binary III/V direct bandgap semiconductor commonly used in light-emitting diodes. GaN has the potential to reduce energy loss of the power devices; it possesses high breakdown voltage and low conduction resistance characteristics that enable high-speed switching and miniaturization. GaN semiconductor devices possesses low resistance giving lower conductance losses, faster device yielding less switching losses, less capacitance, less power needed to drive the current, and is cost efficient.
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1. Market Drivers
1.1 Increasing use of GaN in 5G infrastructure
1.2 Application in electric and hybrid electric vehicle
1.3 Rising adoption of GaN in RF-power electronics
1.4 Increasing adoption of GaN RF semiconductors in various industries
1.5 Rising GaN power semiconductor revenue due to consumer electronics and automotive market
2. Market Restraints
2.1 High material and fabrication cost
2.2 Design complexities for better efficiency
2.3 Availability of SiC in high-voltage semiconductor applications
The Global Gallium Nitride Semiconductor Device Market is segmented on the device type, wafer size, application, vertical, and region.
1. Device Type:
1.1 Power Semiconductor
1.2 RF Semiconductor
1.3 Opto Semiconductor
2. By Wafer Size:
2.1 2 Inch
2.2 4 Inch
2.3 6-Inch and Above
3. By Application:
3.1 Radio Frequency
3.2 Power Drivers, Lighting and Laser
3.3 Supply and Inverter
4. By Vertical:
4.1 Military, Defense, and Aerospace
4.3 Consumer and Enterprise
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
4. Mitsubishi Electric
5. Efficient Power Conversion (EPC)
8. Analog Devices
11. Sumitomo Electric
12. Texas Instruments
13. GaN Systems
15. Northrop Grumman Corporation
16. Dialog Semiconductor
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Gallium Nitride Semiconductor Device Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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