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Gallium Nitride (GaN) Semiconductor Devices Market Worth Around 2967.1 Million USD by 2024 | Robust CAGR 14.2% In International Market

Press release   •   Apr 12, 2019 07:06 EDT

Global Gallium Nitride (GaN) Semiconductor Devices Market is expected to reach USD 2,967.1 million in 2024, at a robust CAGR of 14.2%.

Factors driving the growth of the market are; increasing demand for power efficient electronic devices, rapid advancements in technology, growing application of semiconductor devices in various end-use industries, and rising investments in R&D by major semiconductor manufacturing companies. Moreover, rapid adoption of automated devices and increasing usage of the wireless charging are further propelling the market growth over the forecast period.

The years used for the assessment are as follows:

Historical year: 2014, 2015 and 2016
Base year: 2017
Forecast period: 2018 – 2024

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RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total gallium nitride (GaN) semiconductor devices market and it various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global gallium nitride (GaN) semiconductor devices market.
Finalizing the overall size and share for the global gallium nitride (GaN) semiconductor devices market

OBJECTIVES:

To classify the global gallium nitride (GaN) semiconductor devices market into segments on the basis of Product, wafer size, end-use, and region and analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with the global gallium nitride (GaN) semiconductor devices market
Profiling key companies operating in the global gallium nitride (GaN) semiconductor devices market
To study market response with respect to the mergers and acquisitions in the industry

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MARKET SCOPE

The research scope for global gallium nitride (GaN) semiconductor devices market is as follows:

By Product
Power Semiconductors
GaN Radio Frequency (RF) Devices
Opto-semiconductors

By Wafer Size
2 inch
4 inch
6 inch
8 inch

By End-Use:
Information and Communication Technology (ICT)
Automotive
Consumer Electronics
Aerospace and Defense
Energy and Power
Healthcare
Others

By Region:
North America
S
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Singapore
Rest of Asia-Pacific
Rest of the World (RoW)
Middle East and Africa
South America

FREE ANALYSIS

GaN is serving as a alternative material for silicon(Si) devices in various applications. Gallium Nitride is a material (compound semiconductor) which can be used for the production of many power semiconductor devices, RF devices, and light emitting diodes. GaN based semiconductor devices possess several properties such as high voltage breakdown, and high carrier mobility, thus increasing the demand in the market. Furthermore, adoption of GaN semiconductor devices has also led to the production of high power gain at high frequency. Moreover, the material exhibits enhanced electron mobility and high electric field strength, which has led to the usage of GaN for high frequency communications and photonic applications.

Gallium Nitride is anticipated to be the next generation power semiconductor. GaN-based semiconductor is playing a vital role in the power conversion applications, such as smart phones, battery chargers, servers, computers, lighting systems, automotive, and photovoltaic. Additionally, it offers a higher breakdown voltage than Si, which makes it an ideal material for advanced power electronics. Furthermore, owing to continuous advancements in compound semiconductor based devices, GaN has huge potential in optoelectronics industry, which has witnessed increasing adoption of lasers, LEDs, as well as RF devices for military applications and sensing.

North America is expected to dominate the global GaN semiconductor devices market during 2018-2024. The growth is attributed to rising government concerns for energy savings coupled with increasing capital investments in power electronics industry. Moreover, increasing usage of GaN transistors in defense is further boosting the market growth in the region. Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth in the region is attributed to the rapid industrialization and globalization. Additionally, the market growth is also driven by growing consumer electronics industry and the increasing demand for mobile devices.

Key players operating in the global GaN semiconductor devices market includes Cree, Inc.; NexgenPowerSystems; Efficient Power Conversion Corporation; Wolfspeed; GaN Systems, Inc.; Toshiba Corporation; NXP Semiconductors N.V.; Transphorm Inc.; Infineon Technologies AG; and Qorvo Corporation among others.

Table of Contents

Global Gallium Nitride (GaN) Semiconductor Devices Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Gallium Nitride Semiconductor Devices- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global gallium nitride semiconductor devices market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Increasing usage of GaN in 5G infrastructure

3.6. Market dynamics

3.6.1. Market driver analysis

3.6.1.1. Increasing demand for power efficient electronic devices

3.6.1.2. Rapid advancements in technology

3.6.1.3. Growing application of semiconductor devices in various end-use industries

3.6.1.4. Rising investments in R&D by major semiconductor manufacturing companies

3.6.2. Market restraint analysis

3.6.2.1. High production cost of GaN semiconductor devices

3.6.3. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive analyses

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Gallium Nitride (GaN) Semiconductor Devices Market Size and Forecast (2014 – 2024)

5.1. Global GaN Semiconductor Devices Market, By Product (USD Million)

5.1.1. Power Semiconductors

5.1.2. GaN Radio Frequency (RF) Devices

5.1.3. Opto-semiconductors

5.2. Global GaN Semiconductor Devices Market, By Wafer Size (USD Million)

5.2.1. 2 inch

5.2.2. 4 inch

5.2.3. 6 inch

5.2.4. 8 inch

5.3. Global GaN Semiconductor Devices Market, By End-Use (USD Million)

5.3.1. Information and Communication Technology (ICT)

5.3.2. Automotive

5.3.3. Consumer Electronics

5.3.4. Aerospace and Defense

5.3.5. Energy and Power

5.3.6. Healthcare

5.3.7. Others

CHAPTER 6. Global Regenerative Artificial Skin Market Size and Forecast, By Geography (2014-2024)

6.1. North America GaN Semiconductor Devices Market (USD Million)

6.1.1. North America GaN Semiconductor Devices Market, By Product (USD Million)

6.1.2. North America GaN Semiconductor Devices Market, By Wafer Size (USD Million)

6.1.3. North America GaN Semiconductor Devices Market, By End-Use (USD Million)

6.1.4. North America GaN Semiconductor Devices Market, By Country (USD Million)

6.1.4.1. US

6.1.4.2. Canada

6.1.4.3. Mexico

6.2. Europe GaN Semiconductor Devices Market (USD Million)

6.2.1. Europe GaN Semiconductor Devices Market, By Product (USD Million)

6.2.2. Europe GaN Semiconductor Devices Market, By Wafer Size (USD Million)

6.2.3. Europe GaN Semiconductor Devices Market, By End-Use (USD Million)

6.2.4. Europe GaN Semiconductor Devices Market, By Country (USD Million)

6.2.4.1. UK

6.2.4.2. Germany

6.2.4.3. France

6.2.4.4. Rest of Europe

6.3. Asia-Pacific GaN Semiconductor Devices Market (USD Million)

6.3.1. Asia-Pacific GaN Semiconductor Devices Market, By Product (USD Million)

6.3.2. Asia-Pacific GaN Semiconductor Devices Market, By Wafer Size (USD Million)

6.3.3. Asia-Pacific GaN Semiconductor Devices Market, By End-Use (USD Million)

6.3.4. Asia-Pacific GaN Semiconductor Devices Market, By Country (USD Million)

6.3.4.1. China

6.3.4.2. Japan

6.3.4.3. India

6.3.4.4. South Korea

6.3.4.5. Singapore

6.3.4.6. Rest of Asia-Pacific

6.4. Rest of the World (RoW) GaN Semiconductor Devices Market (USD Million)

6.4.1. RoW GaN Semiconductor Devices Market, By Material (USD Million)

6.4.2. RoW GaN Semiconductor Devices Market, By End-Use (USD Million)

6.4.3. RoW GaN Semiconductor Devices Market, By Country (USD Million)

6.4.3.1. Middle East and Africa

6.4.3.2. South America

CHAPTER 7. Key Players and Strategic Developments

7.1. Cree, Inc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. NexgenPowerSystems

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Efficient Power Conversion Corporation

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Wolfspeed

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. GaN Systems, Inc.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Toshiba Corporation

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. NXP Semiconductors N.V.

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Transphorm Inc.

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Infineon Technologies AG

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Qorvo Corporation

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

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