Press release
Demand For Gallium Nitride Market Estimated To Witness Hike On Back Of Increasing Applications 2021 To 2031
Gallium nitride is a glass-like substance that is translucent. It can be used with broader bandwidth and tough structure as a semiconductor unit.Compared to the semiconductor form of silicon, it tends to lose less energy. Gallium nitride use is growing with the growth of wireless devices. The gadgets based on gallium nitride have numerous applications, from electronics to telecommunications and automotive.The wider bandwidth means that energy is quickly transferred from one material to another, which is an advantage while building UV LED cables. The impact of the pandemic on the Gallium nitride market was staggering and unprecedented. COVID-19 impression on the Gallium Nitride market was positive due to the mounting demand for electronic products during the third quarter. With the implementation of lockdown all around the globe, the market witnessed a halt.
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Gallium Nitride Market: COVID- 19 Impact Insights
In the third quarter, after the implementation of government regulation, multinational companies started their production and work from a home condition which increased the selling of fast charging laptops, mobile which turned into a boon for the gallium nitride market.
Gallium Nitride Market: Segmentation
The Gallium nitride market can be segmented into six major categories based on the type, wafer size, component, application, end-user and region.
Based on the semiconductor type, Gallium nitride market is segmented into:
GaN radio frequency device
Opto semiconductor
Power semiconductor
Based on wafer Size, Gallium nitride market is segmented into:
2- inch wafer
4- inch wafer
6- inch wafer
Above 6 inch wafer
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Based on the component, Gallium nitride market is segmented into:
Transistor
Rectifier
Diode
Based on application, Gallium nitride market is segmented into:
Power driver
Inverter
Radio Frequency
Lighting and laser
Based on end user, Gallium nitride market is segmented into:
Automobile industry
Healthcare industry
Military
Consumer Electronics
Others
Based on region, Gallium nitride market is segmented into:
North America
Latin America
Europe
East Asia
South Asia & Oceania Europe
Middle East and Africa
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Important doubts related to the Gallium Nitride Market clarified in the report:
Which regional market is expected to witness the highest growth during the forecast period?
How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the keyword market?
Why are market players focusing on R&D and innovations?
Are market players expanding their global presence? If yes, how?
Gallium Nitride Market: Key Players
The market of gallium nitride is having a slightly inclined growth. The key players in this market are GaN Systems, Macom, Vecco Instruments Inc., Infineon Technologies AG, Cree Inc.
The increase of the gallium nitride-based semiconductor in defence purpose has increased the market value of the product. GaN stakeholders are investing in the sector of research and development so that they can achieve advancement in the gallium nitride-based product.
In 2019, The Cree Inc. acquired the advanced technology which made gallium nitride-based semiconductor. North America will be the leading producer in this field with the increasing demand for LED consumption.
The application of gallium nitride in light detection and ranging has a wide range of operations. This segment is expected to show dominance in the upcoming years.
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