Published: Dec-2022|  Format: PDF | MBI Research |  Number of pages: 140 | Code: MBI-3930636

Gallium Nitride Semiconductor Devices Market Size, Share, Growth & Demand Analysis Report By Component (Power IC, Diode, Rectifier, Transistor, and Others) By Device Type (Opto-semiconductor, Power Semiconductor, and RF Semiconductor devices) By Application (Power drives, Light Detection & Ranging, Radiofrequency, Lighting & Laser) By End-User (Telecommunications, Renewables, Automotive, Industrial, and Medical) Forecast Period 2022-2030

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Market Introduction:

The Global Gallium Nitride Semiconductor Devices Market size was valued at USD 19.2 billion in 2021 and is projected to reach a value of USD 26.1 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period (2022-2030).

Compared to silicon, GaN shows higher electric field strength, has a much faster switching speed, and has a higher-end performance. Gallium nitride is rapidly replacing silicon in power-switching technology as it happens to meet increasing power density and environmental regulation protocols. Due to the low cost and high efficiency of gallium nitride, semiconductors are poised to meet the requirements of new power equipment. The market is set to witness high demand from various industries.

The market consists of sales of semiconductor device products by entities (institutions, sole traders and partnerships) that refer to the manufacture of semiconductor devices such as transistors and diodes using gallium nitride material to convert energy into energy. Gallium nitride semiconductor devices have dynamic electrical and chemical properties that are used to develop electronic power devices that are mechanically stable, very rigid, with high frequency and high voltage. Gallium nitride semiconductors are increasingly being used as a replacement for silicon-based semiconductors because they can meet the growing demands for improved power system performance, efficiency, and system cost.

Driving Factors:

The growing demand for consumer electronics is expected to drive the growth of the Gallium Nitride Semiconductor Devices market. Gallium nitride is 1,000 times faster than silicon in terms of mobility. It is less expensive to produce than regular semiconductors, so it is more widely used in consumer electronics.

The growing demand for energy-efficient GaN devices and power semiconductors in wired communications is expected to drive market growth. This growth is attributed to the expansion of the telecommunications domain as various Internet service providers are majorly focusing on providing high-capacity, universal connectivity and low-latency networks with optical cable wiring.

Restraints:

SiC provides improved power efficiency and advanced power handling capability for many power functions, including power rectification, power factor correction, power amplification, and power transmission. SiC is the perfect replacement material for silicon for high-voltage power applications because it offers power efficiency at high reliability, high voltage, and advanced features such as flexibility in power factor correction, power rectification, and power amplification, surpassing pure silicon by several leagues.

Key Players:

The global gallium nitride semiconductor devices business is highly concentrated, with many large-scale vendors dominating the majority of the gallium nitride semiconductor devices market. The number of companies are involved in mergers and acquisitions so as to gain a competitive advantage and reach across various regions of the world.

  • Qorvo, Infineon
  • Samsung
  • Mitsubishi Electric
  • Efficient Power Conversion (EPC)
  • Cree
  • Microsemi
  • Analog Devices
  • Macom
  • Panasonic
  • Sumitomo Electric
  • Texas Instruments
  • GaN Systems
  • Nichia
  • Northrop Grumman Corporation
  • Dialog Semiconductor
  • Epistar.

Market Segmentation:

The global gallium nitride semiconductor devices market is segmented by component, by device type, by application, by end-use, and region.

By Component

On the basis of components, the market is segmented into power IC, diode, rectifier, transistors, and others.

The transistor segment will show an upward growth path in this market due to its significant reverse recovery feature.

By Device type

On the basis of device type, the market is segmented into, Opto-semiconductor, power semiconductor, and RF semiconductor devices.

RF semiconductor devices will have a huge hold in the market due to their high-end applications and usage.

By Application

On the basis of application, the market is segmented into power drives, light detection & ranging, radiofrequency, lighting & laser.

The radiofrequency segment will show an upward trend in this market. These devices are currently and extensively used in defense and customer electronics.

By End-User

On the basis of end-user, the market is segmented into telecommunications, renewables, automotive, industrial, and medical.

The automotive segment will grow rapidly in this market. The increasing demand for Iidar, Camera, Radar, and Ultrasonic cameras creates a greater demand for GaN devices.

Regional Analysis:

The global gallium nitride semiconductor devices market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

North America will account for a major market share as the region is accompanied by large market players and increasing global demand for standardized products. Due to rapid technological advancements fueling the demand for efficient and high-performance RF components, the Asia Pacific regional market is projected to emerge as the fastest-growing regional market during the forecast period, booming at a CAGR of 18%.

Report Coverage: 

Market Segmentation:

By Component

  • Power IC
  • Diode
  • Rectifier
  • Transistor
  • Other

By Device

  • Opto-semiconductor
  • Power semiconductor
  • RF semiconductor devices

By Application

  • Power drives
  • Light detection & ranging
  • Radiofrequency
  • Lighting & laser

By End-User

  • Contract Research Organizations
  • Pharmaceutical and Biopharmaceutical Companies
  • Biotechnology Companies
  • Academic and Research Institutes

By Region

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



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