Gallium Nitride Market 2023: Cree Inc. (the U.S), GaN systems (Canada), FUJITSU (Japan), Efficient Power Conversion Corporation (the U.S), IQE plc (U.K), Koninklijke Philips N.V. (the Netherlands), Infineon Technologies Ag (Germany), Mitsubishi Chemical C

Global Gallium Nitride Market Information: By Type (P-Type And N-Type), End-Use Industry (Automotive, Consumer Electronics, Healthcare, And Others), And Region

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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 GaN market. Technological advancements and increase in the bandwidth requirement by electronic device users are anticipated to drive the market growth over the forecast period. In the growing era of technology, GaN-based electronics boost up the power output of electric cars, making them lightweight, energy efficient, cheaper and capable of driving a long distance. It is a suitable material for solar cell array used in satellites owing to the low sensitivity to ion radiation. It is highly used in medical equipment and tools such as sonograms and MRI and surgical procedures like colonoscopy.

Regional Analysis

The gallium nitride market is segmented into five key regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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.

Asia Pacific is expected to emerge as the fastest growing market for gallium nitride due to the growing demand for efficient, high performance, cheap RF electronics, and availability of raw material suppliers. Countries such as China, India, and Japan have high sales and revenue, which, in turn, increase the market growth. South Korea, Taiwan, and Australia also consume a significant amount of GaN owing to the growing end-user industries in this region.

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.

Key Players

Some of the prominent players in the global GaN market are Cree Inc. (the U.S), GaN systems (Canada), FUJITSU (Japan), Efficient Power Conversion Corporation (the U.S), IQE plc (U.K), Koninklijke Philips N.V. (the Netherlands), Infineon Technologies Ag (Germany), Mitsubishi Chemical Corporation (Japan), ON Semiconductor (the U.S), Taiwan Semiconductor Manufacturing Company (Taiwan), Panasonic Corporation (Japan), Texas Instruments Incorporated (the U.S), TOSHIBA CORPORATION (Japan), VisIC (Israel), and Nippon Telegraph and Telephone Corporation (Japan).

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Intended Audience

Gallium nitride Manufacturers
Traders and distributors of gallium nitride
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

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