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GaN Semiconductor Device Market to Register Strong Growth at CAGR of 17.1% by 2023 | Global Key Players – Toshiba, Panasonic, Cree, GaN Systems, Infineon Technologies AG, OSRAM GmbH, NXP Semiconductors NV

10-12-2018 04:42 AM CET | IT, New Media & Software

Press release from: Market Prognosis

GaN Semiconductor Device Market

GaN Semiconductor Device Market

Marketprognosis.com Publish a New Market Research Report On “Global GaN Semiconductor Device Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global GaN Semiconductor Device Market:

The report spread across 109 pages is an overview of the Global GaN Semiconductor Device Market. These report study based on the GaN Semiconductor Device Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global GaN Semiconductor Device Market was valued at USD 711.44 Million in 2017, and is expected to reach USD 1,842.8 Million by 2023, registering a CAGR of 17.1%, over the forecast period of 2018-2023. The scope of the report is limited to solutions offered by major players, including providers of transistors, diodes, rectifiers, and power ICs.

Get a Sample Copy of this Report @ https://marketprognosis.com/sample-request/17397 .

The growing demand for radio frequency in the semiconductor market, booming consumer electronics market (particularly LED-based lighting and displays) and increasing electric vehicles and photovoltaic inverters are some of the major drivers of the GaN semiconductor device market. The demand for smartphones, gaming devices, laptops, and TVs is also expected to offer a modest growth potential to the GaN semiconductor device market, in the consumer electronics sector. With the mature market of smartphones and laptops, although consumer electronics held the largest share in the recent years, it is expected to reduce its pace, thus paving the way for the expansion of the aerospace & defense industry.

Besides, the replacement of incandescent lamps with GaN LEDs in automobiles and the growing demand for electric vehicles are augmenting the growth rate of GaN semiconductor devices in the automotive sector. According to IEA, the number of battery electric vehicles in use increased from 113,000 in 2012 to 1,209,000 in 2016.

Purchase this report online with 109 Pages, Top Key Players Analysis and List of Tables & Figure @ https://marketprognosis.com/buyReport/17397 .

The lower labor and production costs in Asia-Pacific are other crucial factors fueling the growth of this market. Moreover, owing to increasing production and export of consumer electronics products from China and Japan, Asia-Pacific is expected to hold the highest share in the GaN semiconductor market by 2023. China is one of the world’s biggest EV markets, as well as the largest market for plug-ins (or new energy vehicles, NEV, as they are called in China).

In 2017, Tesla Motors announced plans to open its first manufacturing site outside the United States, in Shanghai. These factors are expected to increase the demand of GaN semiconductors in China. Similarly, under the new government’s plans to curb pollution, India has committed to sell only electric cars by 2030. Furthermore, Maruti Suzuki, the country’s biggest car manufacturer, has teamed up with Toyota, to launch its first electric car by 2019-2020. These factors are expected to increase the demand for GaN semiconductor in India. In addition, the Indian government has announced an investment of 2.5% of its GDP on healthcare, starting from 2020 (USD 57 billion according to 2016 GDP), further increasing the demand for GaN semiconductors in healthcare segment.

Major Key Players:

1 Toshiba Corporation

2 Panasonic Corporation

3 Cree Inc.

4 GaN Systems Inc.

5 Infineon Technologies AG

6 OSRAM GmbH

7 Efficient Power Conversion Corporation

8 NXP Semiconductors NV and More…………….

Any Query? Ask to our Expert @ https://marketprognosis.com/enquiry/17397 .

What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of GaN Semiconductor Device Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.
Thane – 421501
India.

sales@marketprognosis.com
+1 973 241 5193
https://www.marketprognosis.com

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