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Gallium Nitride Market is likely to grow with a steady CAGR during the Forecast
About Gallium Nitride Market (GaN):Itis 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 GlobalGallium Nitride Market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.
Among these, 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.
Key Global Players: Some of the prominent players in the global GaN market are; Panasonic Corporation (Japan), Texas Instruments Incorporated (U.S), FUJITSU (Japan), Mitsubishi Chemical Corporation (Japan), Nippon Telegraph and Telephone Corporation (Japan), Cree Inc. (the U.S), GaN systems (Canada), Efficient Power Conversion Corporation (the U.S), IQE plc (U.K), Koninklijke Philips N.V. (the Netherlands), Infineon Technologies Ag (Germany), ON Semiconductor (U.S), Taiwan Semiconductor Manufacturing Company (Taiwan), TOSHIBA CORPORATION (Japan), and VisIC (Israel)
Market Segmentation: The global Gallium Nitride Market is categorized into End-user, type, and region.
On the basis of end-use industry; Automotive, Consumer Electronics, and Healthcare. Based on type; P-Type, and N-Type. And basis on region; Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa
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Gallium Nitride Market is likely to grow with a steady CAGR du
Gallium Nitride Market is anticipated to grow with a steady CA
Gallium Nitride (GaN) Market is likely to register a stable CA
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