The market for the gallium nitride (GaN) stands for high growth and is characterized by the changing trends and which shows the rising importance of this component in the industrial world. Recently, a new material called GaN, has become important in the electronics and power semiconductor industry. It is the semiconductor that has a bandgap that is wider than what has been used before. Market trends are driven by some factors like demand of higher performance electronic devices that consume less power and lost in heating. GaN has been selected due to its outstanding properties e.g. high level of electron mobility and heat stability which have become requirements for specific applications such as amplifiers, radio frequency devices and high frequency transistors among others.
The main trend that is likely to push the growth of the market for the gallium nitride is its use in the production of power electronics. GaN power devices are beneficial modules as compared to conventional silicon devices, for they have lower on-state resistance and less switching losses. This leads to industry sectors including automotive, telecommunication and power conversion applications in renewable energy to use GaN technology. Automotive sector, specifically, has reported remarkable growth in GaN utilization for electric vehicles and drive assistance systems, which represents one more aspect supporting the market expansion.
Not only that, throughout the world, the telecommunications sector has been influenced by the efficiency of GaN. The deployment of GaN based radio-frequency systems has given rise to higher system performance in communication systems, more leading to fast data transmission and quality interface signal. The incessant progress of 5G networks has stimulated the requirement for GaN technology as it can cope with the top bands that help fast and reliable data transmission on high speed.
Consumer electronics market is one more sphere with the prominent positioning of the GaN technologies. The need for compact diodes with greater performance and less power consumption caused manufacturers to include GaN devices in the products like chargers and power adapters. With its capacity to manage high powers at a reduced form factor, GaN has led to faster charging and eco-friendly electronics as the consumer population tends to go for speedy charging and sustainability.
Moreover, research and development projects have become a focal point for the Gnn market. What is more, adoptions of GaN are extra driven by the development of the technology and the highlights of the performance of the GaN devices. With this specific research-driven approach techniques for producing GaN materials, manufacture processes and device designs are coming up; as a result the market is growing and getting to be more competitive.
Global Gallium Nitride Market Share, by End-Use Industry (%)
The gallium nitride market is segmented into five key regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
North America is leading the global GaN market followed by Europe and rest of the world. Countries like the U.S. and Canada contribute majorly to the market growth owing to the fast-paced and sophisticated lifestyle. The increasing demand for LEDs in consumer goods such as television, computers, laptops, and gaming devices has propelled the market growth to some extent.
Europe is also expected to witness the strong market growth of GaN devices in the forecast period. GaN is identified as ‘key enabling technology’ by the European Space Agency (ESA) for space and founded GREAT2 (GaN reliability enhancement and technology transfer) for technological innovations.
Asia Pacific is expected to emerge as the fastest growing market for gallium nitride due to the growing demand for efficient, high performance, cheap RF electronics, and availability of raw material suppliers. Countries such as China, India, and Japan have high sales and revenue, which, in turn, increase the market growth. South Korea, Taiwan, and Australia also consume a significant amount of GaN owing to the growing end-user industries in this region.
The global gallium nitride market is segmented on the basis of type, end-use industry, and region.
Based on the type, the market is further segmented into p-type and n-type.
The end use industry is segregated into automotive, consumer electronics, defense and aerospace, healthcare, information and communication technology, and others.
Geographically, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Some of the prominent players in the global GaN market are Cree Inc. (the U.S), GaN systems (Canada), FUJITSU (Japan), Efficient Power Conversion Corporation (the U.S), IQE plc (U.K), Koninklijke Philips N.V. (the Netherlands), Infineon Technologies Ag (Germany), Mitsubishi Chemical Corporation (Japan), ON Semiconductor (the U.S), Taiwan Semiconductor Manufacturing Company (Taiwan), Panasonic Corporation (Japan), Texas Instruments Incorporated (the U.S), TOSHIBA CORPORATION (Japan), VisIC (Israel), and Nippon Telegraph and Telephone Corporation (Japan).
Recent Development
Intended Audience
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)