Gallium Nitride Market is expected to reach at a steady CAGR by 2023Posted by Harish Somani on September 18th, 2018 Market Overview: Gallium nitride (GaN) is a crystalline material, used in the production of semiconductors, radio frequency (RF) components, and light emitting devices (LEDs). It exhibits various properties such as high thermal and heat capacity. The properties of high breakdown voltage, low conduction resistance, large electric field, and high-speed switching add advantage to the selection of GaN over Si conductors. It has a wide band gap, which is highly recommended for optoelectronic, high frequency, and high-speed devices. It is used for power amplifiers manufacturing in microwave frequencies due to its capacity to operate at a high temperature and voltage. Furthermore, they have a considerable stability in radiation environment, which benefits the space and military applications. Moreover, GaN transistors offer favorable characteristics to terahertz (THz) devices. The production cost of GaN-based devices is much lower than the traditional silicon-based devices. Additionally, the above-mentioned properties combined with low cost of production, increases the demand for GaN devices in the market. Unlike silicon devices which have larger chips, the smaller sizes of GaN devices favors the market growth. The end-user industries such as automotive, defense and aerospace, and healthcare contribute to the growth of the global gallium nitride (GaN) market. Intended Audience:
Segmentation: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. Regional Analysis: The Global Gallium Market is segmented into five major regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia Pacific is expected to witness a healthy market growth during the forecast period due to the availability of raw materials and the increasing demand for consumer electronics. North America and Europe are the leading contributors to the gallium nitride market. Countries like the U.S., Canada, and Mexico contribute due to the increased standards of lifestyles. With growing technological advances in defense, military and space science, North America and Europe are expected to be the major contributor to the market growth in coming years. Top Global Vendors: The key players available in the Global Gallium Nitride Market are; Taiwan Semiconductor Manufacturing Company (Taiwan), Cree Inc. (U.S), GaN systems (Canada), FUJITSU (Japan), Efficient Power Conversion Corporation (U.S), IQE plc. (U.K), Mitsubishi Chemical Corporation (Japan), ON Semiconductor (U.S), Koninklijke Philips N.V. (the Netherlands), TOSHIBA CORPORATION (Japan), VisIC (Israel), Infineon Technologies Ag (Germany), Panasonic Corporation (Japan), Texas Instruments Incorporated (U.S), Nippon Telegraph and Telephone Corporation (Japan). Receive Sample Copy Of Report At: Like it? Share it! More by this author |