openPR Logo
Press release

GaN Semiconductors Devices Market 2019 Global Major Players: Panasonic, Cree, Gan Systems, Infineon Technologies Ag, Osram Gmbh, Efficient Power Conversion

03-14-2019 03:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

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.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/17286
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

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.
However, the high production cost of gallium nitride as compared to silicon carbide, is one of the major factors which might hinder the growth of the global market.

Growth of New Industries Expected to Offer Opportunities for Expansion
With the advent of semiconductors made from gallium nitride, many chipmakers are now using GaN to make chips that support wireless electricity (WiTricity). Gallium nitride also enables the chipmakers to reduce the cost of the integrated circuits, thus driving wide adoption among the semiconductor manufacturing companies. Wireless charging applications include phones, tablets, drones, laptops, industrial robots, appliances, and automotive applications.
Autonomous vehicles use eGaN chips in the LiDAR systems installed, to sense the environment around them. GaN chips are proved to be accurate over silicon chips to the scale of inches, while silicon chips are limited to a range of 10 feet. Hence, with the increasing usage of GaN chips in the new industries, such as wireless charging and self-driving cars, the GaN semiconductor market is expected to grow lucratively over the forecast period.

Major Players:
TOSHIBA CORPORATION, PANASONIC CORP., CREE INC., GAN SYSTEMS INC., INFINEON TECHNOLOGIES AG, OSRAM GMBH, EFFICIENT POWER CONVERSION CORPORATION, NXP SEMICONDUCTORS NV, TEXAS INSTRUMENTS, AND NTT ADVANCED TECHNOLOGY CORPORATION, amongst others.

Key Developments in the Market
• November 2017 - Osram and Continental planned a joint venture for intelligent lighting solutions in the automotive sector. This venture was implemented to lead Osram and Continental to combine semiconductor-based lighting modules, advanced electronics, optics, and software expertise, with access to sensor technology and innovative light sources.
• October 2017 - GaN Systems and Taiwan’s Ministry of Economic Affairs (MOEA) entered a Letter of Intent, to collaborate on expanding the economic and technical benefits of GaN technology, to Taiwan’s electronics companies. The collaboration was aimed at meeting the global challenges of unsustainable increases in power consumption, combating climate change, implementing cleantech technologies, and meeting green CO2-reduction initiatives.

Request Discount on this report @ https://marketprognosis.com/discount-request/17286
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Consumer Electronics Segment accounted for the Maximum Share
Owing to growing innovations and adoption in the industry, the price of GaN semiconductor technologies is expected to decrease, thus boosting its adoption in the industry, at a fast pace. Due to various advantages, such as higher efficiency of operation and higher frequency of support, many circuit boards used in day-to-day consumer electronic devices are expected to be replaced with GaN semiconductor technologies. The onset of GaN semiconductors is expected to revolutionize the charging technologies in existing devices. They are being employed in wireless charging, fast charging, and in laptop chargers. Cambridge Electronic Inc. has developed advanced transistors to be used for charging purposes, which are approximately 1.5 cubic inches in volume. Many innovations where the charging adapter is being deployed inside the laptop are also expected to occur, thus driving the market for GaN technologies in consumer electronics. Owing to their functioning efficiency and lesser size of the chip, which helps in the cost saving and enhancing the aesthetic appeal from a consumer’s perspective, these devices are also being employed in LED-based TV screens. Moreover, the reduction in size of these devices, such as in a UPS, facilitates increasing the available office space or domestic space, which can be used more productively.

Asia-Pacific expected to Witness the Fastest Growth Rate
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.

Enquiry Before Buying@ https://marketprognosis.com/enquiry/17286
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
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:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release GaN Semiconductors Devices Market 2019 Global Major Players: Panasonic, Cree, Gan Systems, Infineon Technologies Ag, Osram Gmbh, Efficient Power Conversion here

News-ID: 1654922 • Views: 329

More Releases from Market Prognosis

Technological Advancement in Global Mobile Advertising Market Forecast to 2026 …
Global Mobile Advertising Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Mobile Advertising report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies. Overview of the Global Mobile Advertising Market: The Global Mobile Advertising Market is accounted for $30.98 Billion in 2017 and is expected to reach $214.75 Billion by 2026 growing
Mining Chemicals Market Analysis and Forecast Report 2019 - 2026 with Estimated …
Global Mining Chemicals Market research report 2019 - 2026 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. Overview of the Global Mining Chemicals Market: The Global Mining Chemicals Market is accounted for $6.11 Billion in 2017 and is expected to reach $10.01 Billion by 2026 growing at a CAGR of 5.6%. Significant factors which are influencing the market
Implantable Biomaterials Market Covering Prime Factors and Competitive Outlook T …
This comprehensive Implantable Biomaterials Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers. Overview of the Global Implantable Biomaterials Market: The Global Implantable Biomaterials Market is accounted for $96.11 Billion in 2017 and
Booming Growth in Global Semi-Trailer Market and Forecast to 2023 by Worldwide T …
The report covers a forecast and an analysis of the Semi-Trailer Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume. Overview of the Global Semi-Trailer Market: The report spread across 89 pages is an overview of the Global Semi-Trailer Market - Analysis of Growth, Trends and Forecasts (2018 - 2023). These

All 5 Releases


More Releases for GaN

GaN Industrial Devices Market -
Blossoming economy in developing countries and the development of next-gen hybrid electric vehicles and electric vehicles hold immense opportunities for the development of the GaN industrial devices market. Obtain Report Details @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4657 The global GaN industrial devices market has been segmented on the basis of types, applications and geography. Furthermore, GaN HEMT (High Electron Mobility Transistor) has been bifurcated on the basis of their application areas. The cross sectional analysis of
GaN Power Devices Market : Rising Demand in Automotive, Consumer Electronics Sec …
GaN Power Devices Market: Overview This report on the global GaN power devices market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global GaN power devices market growth during the said period.
Power GaN Market Technological breakthroughs By 2024
Gallium nitride (GaN), a wide band gap semiconductor material, is a new technology compared to other semiconductor devices, such as gallium arsenide (GaAS) and silicon carbide (SiC). GaN industrial devices offer an advantage with regards to thermal performance, efficiency, weight and size. GaN is anticipated to be the next generation semiconductor for power applications and thus different countries are indulged in developing widespread applications of GaN semiconductors. This wide band
Power GaN Market Technological Advancements by 2024
Gallium nitride (GaN), a wide band gap semiconductor material, is a new technology compared to other semiconductor devices, such as gallium arsenide (GaAS) and silicon carbide (SiC). GaN industrial devices offer an advantage with regards to thermal performance, efficiency, weight and size. GaN is anticipated to be the next generation semiconductor for power applications and thus different countries are indulged in developing widespread applications of GaN semiconductors. This wide band gap
Power GaN Market Technological breakthroughs 2024
Gallium nitride (GaN), a wide band gap semiconductor material, is a new technology compared to other semiconductor devices, such as gallium arsenide (GaAS) and silicon carbide (SiC). GaN industrial devices offer an advantage with regards to thermal performance, efficiency, weight and size. GaN is anticipated to be the next generation semiconductor for power applications and thus different countries are indulged in developing widespread applications of GaN semiconductors. This wide band
QYResearch: GaN Semiconductor Devices Industry Research Report
Ask a sample or any question, please email to: lemon@qyresearchglobal.com or lemon@qyresearch.com This report studies GaN Semiconductor Devices in Global market, especially in United States, Europe, China, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2016, and forecast to 2021. Parts of Chapter showed: Chapter One Industry Overview of GaN Semiconductor Devices 1.1 Definition and Specifications of GaN Semiconductor Devices 1.1.1 Definition of GaN Semiconductor