The global GaN Semiconductor Devices market size is expected to be worth around US$ 5.86 billion by 2028, according to a new report by Vision Research Reports.
The global GaN Semiconductor Devices market size was valued at US$ 1.46 billion in 2020 and is anticipated to grow at a CAGR of 19.10% during forecast period 2021 to 2028.
Growth Factors
The market growth can be attributed to the increasing applications of gallium nitride (GaN) in a wide range of semiconductor devices. Additionally, rapid technological advancements in GaN-based semiconductors are also anticipated to promote market growth. The demand for wireless communication devices, primarily in defense communication, is expected to drive the demand. Gallium nitride technology is being widely implemented in the development of amplifiers used in such as Class E, Class F, and Class C power amplifiers.
Aerospace and defense technology companies such as L3Harris Technologies, Inc.; Northrop Grumman Corporation; and BAE Systems are collaborating with government agencies for incorporating gallium nitride semiconductors in the military and radar applications. For instance, in February 2012, Northrop Grumman Corporation opened its Advanced Technology Laboratory for developing gallium nitride semiconductors for critical military programs. The company, along with the U.S. government, has invested over USD 300 million for developing and integrating GaN semiconductors in military systems for enhancing the capabilities of space, aircraft, and ground defense communication systems. These factors are expected to drive the demand for GaN semiconductors across wireless applications.
Report Highlights
The Opto-semiconductors segment dominated the market in 2020 with a revenue share of over 35%. The segment is expected to witness considerable growth over the forecast period. This can be largely attributed to the application of opto-semiconductors in devices such as LEDs, solar cells, photodiodes, lasers, and optoelectronics. The automotive sector is increasingly utilizing opto-semiconductors in automotive lights, indoor and outdoor lighting, and pulse-powered laser. This is subsequently propelling the adoption of opto-semiconductors in the automotive and consumer electronics industries. Furthermore, opto-semiconductors are also being widely used in applications such as Light Detection and Ranging (LiDAR) and pulsed laser, which bodes well for the segment growth.
The GaN radio frequency devices segment is expected to register a high CAGR over the forecast period. The growth of the segment can be attributed to the increasing use of Gallium nitride radio frequency devices in a wide variety of applications across sectors such as consumer electronics and defense, which are the early adopters in the market. These devices are also used in Improvised Explosive Devices (IEDs) as they offer high performance at moderate costs.
The transistor segment dominated the market in 2020 with a revenue share of over 25%. In recent years, the growing adoption of 4G technology-enabled devices has resulted in the increasing demand for high power GaN-based transistors for base stations used in the telecommunication sector. Compared to silicon-based transistors, GaN-based transistors are more efficient and function at higher power density and switch frequency.
The transistor segment dominated the market in 2020 with a revenue share of over 25%. In recent years, the growing adoption of 4G technology-enabled devices has resulted in the increasing demand for high power GaN-based transistors for base stations used in the telecommunication sector.
The power IC segment is anticipated to record a significant CAGR over the forecast period on account of the increasing use of GaN-based power ICs, which offer features such as efficient navigation, collision avoidance, and real-time air traffic control. Furthermore, the segment growth is propelled by the focus of companies such as Fujitsu Ltd.; Qorvo, Inc.; and Toshiba Corporation on the development of power ICs for telecom applications.
The 4-inch segment dominated the market in 2020 with a market share of over 35.01%. The growth can be attributable to the fact that 4-inch wafers are moderate in size and facilitate the large-scale production of semiconductor devices. The implementation of 4-inch wafers is rapidly increasing as they overcome the limitations of 2-inch wafers and find a wide range of applications in semiconductor product-based industries. Furthermore, the increasing demand for gallium nitride devices with 4-inch wafers in high-power amplifiers, optoelectronics devices, telecom frontends, and high-temperature devices is driving the segment growth. The suitability of a 4-inch substrate for space communication applications, owing to its radiation-hardened properties, is anticipated to be a key factor influencing the market growth.
The 6-inch segment is estimated to expand at a significant CAGR over the forecast period owing to benefits such as uniform voltage supply and precise current control offered by 6-inch wafers. It has wide applications in defense equipment and consumer electronics owing to benefits such as high breakdown voltage and low current leakage. The increasing adoption in commercial applications such as Monolithic Microwave Integrated-Circuit (MMIC) power amplifiers for wireless cellular base stations and automotive collision-avoidance systems bodes well for the segment growth.
The Information and Communication Technology (ICT) segment dominated the market in 2020 with a market share of over 20.01%. The segment growth can be primarily attributed to the increasing adoption of the Internet-of-Things (IoT) technology. IoT devices demand efficient and cost-effective components that facilitate a constant exchange of information. GaN-based semiconductors are expected to suffice low power consumption and high-efficiency requirements for the proper functioning of IoT-enabled products.
The growing use of GaN devices in the defense and aerospace sector can be attributed to the rising need for increased bandwidth and performance reliability in communications, electronic warfare, and radars, among others. The ICs used in radar boards incorporate GaN to enable efficient navigation, facilitate collision avoidance, and enable real-time air traffic control. Additionally, the higher operating frequencies provided by GaN semiconductors makes them suitable for use in radar communication, terrestrial radios, and military jammers. The increasing use of wideband GaN power transistors in amplifiers for software-defined radios is a major factor responsible for the segment growth.
North America dominated the market in 2020 with a market share of over 33%. The growth can be attributed to the increasing investments by the defense and aerospace sector in research and development. The North American government is promoting the adoption of energy-efficient devices and providing contracts to various companies operating in the region. For instance, in March 2015, the U.S. government awarded Raytheon Integrated Defense Systems a contract worth USD 50.9 million to enhance GaN semiconductor manufacturing. The ICT sector in the region has been increasingly adopting GaN semiconductors in radio frequency devices, which bodes well for market growth.
Asia Pacific is expected to emerge as the fastest-growing market over the forecast period, owing to rapid technological advancements that are leading to the increased demand for efficient and high-performance RF components. Countries such as China and Japan are some of the largest manufacturers of consumer electronics, such as LED display devices, smartphones, and gaming consoles. This acts as a key factor in boosting the growth of the regional market.
Key Players
Cree, Inc.
Efficient Power Conversion Corporation
Fujitsu Ltd.
GaN Systems
Infineon Technologies AG
NexGen Power Systems
NXP Semiconductor
Qorvo, Inc.
Texas Instruments Incorporated
Toshiba Corporation
Market Segmentation
Product Outlook
GaN Radio Frequency Devices
Opto-semiconductors
Power Semiconductors
Component Outlook
Transistor
Diode
Rectifier
Power IC
Others
Wafer Size Outlook
2-inch
4-inch
6-inch
8-inch
End-use Outlook
Automotive
Consumer Electronics
Defense & Aerospace
Healthcare
Information & Communication Technology
Industrial & Power
Others
Regional Outlook
North America
U.S.
Canada
Europe
U.K.
Germany
Asia Pacific
India
China
Japan
Latin America
Brazil
Middle East & Africa
The GaN Semiconductor Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of GaN Semiconductor Devices market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global GaN Semiconductor Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the GaN Semiconductor Devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted GaN Semiconductor Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the GaN Semiconductor Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of GaN Semiconductor Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global GaN Semiconductor Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major GaN Semiconductor Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of GaN Semiconductor Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the GaN Semiconductor Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The GaN Semiconductor Devices 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 GaN Semiconductor Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of GaN Semiconductor Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new GaN Semiconductor Devices market. These factors have benefited the growth of the global market for GaN Semiconductor Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for GaN Semiconductor Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of GaN Semiconductor Devices are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers