Global Gallium Nitride Semiconductor Device Market, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, RF Semiconductor Device), Wafer Size (2-Inch Wafer, 4-Inch Wafer, 6-Inch and Above Wafer), Component (Transistor, Diode, Rectifier, Power IC, Other), Application (Power Drives, Light Detection and Ranging, Radio Frequency, Lighting and Laser), Vertical (Telecommunications, Industrial, Automotive, Renewables, Consumer and Enterprise, Military, Defence, and Aerospace, Medical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2029.
Market Analysis and Insights of Gallium Nitride Semiconductor Device Market
The gallium nitride semiconductor device market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the gallium nitride semiconductor device market to exhibit a CAGR of 6.10% for the forecast period of 2022 to 2029.
Gallium nitride (GaN) is basically a semiconductor compound which is generally designed to create devices with high output power in a small physical volume and high efficiency at ultra-high and microwave radio frequencies. The gallium nitride semiconductor device is widely used across the various end-use industries such as telecommunications, industrial, automotive, renewables, consumer and enterprise, military, defense, aerospace, and medical.
The increasing growth of the automotive market coupled with the rising applications regarding wide bandgap property will emerge as the major factor driving market growth. The adoption of gallium nitride in RF power electronics, surging demand from defense, military, and aerospace sectors are estimated to boost the market's overall growth for the forecast period of 2022 to 2029. In addition to this, the factors such as the heightened demand from consumer and enterprises and automotive verticals for power electronic devices and the continuous emergence of technologies in GAN ecosystem will further aggravate the market value for the forecast period of 2022 to 2029. On the other hand, the increasing competition in high voltage semiconductor application along with the higher efficacy of alternative such as silicon carbide for high-voltage semiconductor act as a restraint for the market. The high material and fabrication costs is expected to hamper the market’s growth.
In addition to this, the introduction of 5G infrastructure and surging applications in hybrid electric and electric applications are estimated to create new opportunities for growing the market within the forecast period. On the flip side, the complexities associated with designing the electrical layout of GAN devices result in a challenge for the market for the forecast period of 2022 to 2029.
This gallium nitride semiconductor device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on gallium nitride semiconductor device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Gallium Nitride Semiconductor Device Market Scope and Market Size
The gallium nitride semiconductor device market is segmented on the basis of device type, wafer size, component, application and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Gallium nitride semiconductor device market on the basis of device type has been segmented as opto-semiconductor device, power semiconductor device and RF semiconductor device. Power semiconductor device has been further segmented into discrete power semiconductor device and integrated power semiconductor device. RF semiconductor device has been further segmented into discrete RF semiconductor device and integrated RF semiconductor device.
- Based on wafer size, the gallium nitride semiconductor device market has been segmented into 2-inch wafer, 4-inch wafer and 6-inch and above wafer.
- On the basis of component, the gallium nitride semiconductor device market has been segmented into transistor, diode, rectifier, power IC and other.
- On the basis of application, the gallium nitride semiconductor device market has been segmented into power drives, light detection and ranging, radio frequency, lighting and laser. Power drives have been further segmented into EV drives and industrial drives. Light detection and ranging have been further segmented into supply and inverter, switch-mode power supply, inverter, wireless charging and Ev charging. Radio frequency has been further segmented into radio frequency front-end module, repeater/booster/das, radar and satellite.
- Gallium nitride semiconductor device has also been segmented on the basis of vertical into telecommunications, industrial, automotive, renewables, consumer and enterprise, military, defense, and aerospace and medical.
Gallium Nitride Semiconductor Device Market Country Level Analysis
The gallium nitride semiconductor device market is segmented on the basis of device type, wafer size, component, application and vertical.
The countries covered in the gallium nitride semiconductor device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the gallium nitride semiconductor device market due to the well-established electronic industry within the region for the forecast period of 2022 to 2029. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the increasing demand of electronic products within the region.
The country section of the gallium nitride semiconductor device market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Gallium Nitride Semiconductor Device Market Share Analysis
The gallium nitride semiconductor device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gallium nitride semiconductor device market.
Some of the major players operating in the gallium nitride semiconductor device market report are WOLFSPEED, INC., Infineon Technologies AG, MACOM, Microsemi, Mitsubishi Electric Corporation, Efficient Power Conversion Corporation., GaN Systems, Exagan., VisIC Technologies, Integra Technologies, Inc., Navitas Semi, SAMSUNG, Analog Devices, Inc., Panasonic Corporation, Texas Instruments Incorporated., Ampleon, SUMITOMO ELECTRIC DEVICE INNOVATIONS USA, INC., Northrop Grumman., and Dialog Semiconductor, among others.
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