Gallium Nitride (GaN) Market is likely to register a stable CAGR by 2023Posted by Harish Somani on October 4th, 2018
Market Overview: Gallium nitride (GaN) is majorly used in the production of semiconductors, LEDs, and RF devices. GaN is widely accepted as green technology across most of the industries due to the properties such as high thermal stability, low power consumption, temperature resistance, and high voltage breakdown. Additionally, the GaN devices are smaller in sizes and lighter in weight, which further drives the market growth. The unique properties of GaN and its low cost over silicon have been the major driver of the global market and is expected to continue growing in the near future. The major applications of GaN devices in the end-user industries such as automotive, consumer electronics, defense and aerospace, and others are the drivers of the market growth. However, the demand for the lightweight automotive with improved efficiency consumes a significant amount of GaN. Furthermore, the consumer electronics industries favor the Gallium Nitride (GaN) Market growth due to the increased use of GaN in smartphones, laptops, television, and others. GaN LEDs are a threat to conventional lights owing to their power efficiency, energy consumption, luminosity coupled with environmental concerns. However, limited availability of gallium nitride may hinder the market growth during the review period 2017-2023. Intended Audience:
Regional Analysis: 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. Segmentation Analysis:The Global Gallium Nitride (GaN) Market is segmented on the basis of type, end-use industry, and region. By type, the market is further segmented into p-type and n-type. The end use industry is segregated into consumer electronics, automotive, defense and aerospace, healthcare, information and communication technology, and others. By region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Top Global Vendors: GaN systems (Canada), FUJITSU (Japan), Taiwan Semiconductor Manufacturing Company (Taiwan), Cree Inc. (U.S), 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). To Receive Sample Copy of Report, Click here: Like it? Share it! More by this author |