Global Gallium Nitride Market is anticipated to grow at USD 220 million in 2027 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2021 to 2027

Gallium Nitride (GaN) is a material that is used for semiconductor power devices, RF components and, light-emitting diodes (LEDs). They are likely to have massive demand due to their usage in a variety of semiconductor devices.

Gallium Nitride is a substitute for sapphire, silicon carbide, and silicon because of its high output power, low power consumption, lower resistance, high efficiency at ultra-high, and microwave radio frequencies. Also, there is a need to save energy because of the depletion of oil sources and limited sources of energy as a result power devices are being used which propels the growth of the gallium nitride market.

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Gallium nitride semiconductor devices possess high breakdown voltage and low conduction resistance which helps in reducing conduction loss and switching loss in power devices. Thus, driving the demand for the gallium nitride market globally. There is a rising demand for hybrid electric vehicles and electric vehicles that have led to the growth of gallium nitride semiconductor devices because it requires highly efficient power supplies. The rising use of GaN in the 5G framework is an important aspect of the rise in the gallium nitride market’s revenue.

There is a growth in 4-inch GaN wafers because of the usage of optoelectronics devices, high-power amplifiers, high-frequency power devices, high-temperature devices, and telecom frontends. The usage of a 4-inch wafer segment for space communication applications will accelerate its growth.

The Opto-semiconductors are mainly used in the consumer electronics sector, industrial, and automotive industries. Light-emitting diodes (LEDs) are used in televisions displays, mobile displays, laptop and notebook displays, projectors, and large video displays. LEDs are used in the automotive industry for lighting purposes. The Opto-semiconductor devices are used in aerospace applications like pulsed laser and Light Detection and Ranging (LiDAR).

The RF semiconductor is expected to have a higher CAGR in the forecast period and is used in defense, consumer electronics. High-frequency RFs are used in vehicular communication systems and vehicle-to-grid communication systems of electric vehicles. Thus, GaN radio frequency will propel the growth of the gallium nitride market.

The power IC segment is expected to have a high CAGR during the forthcoming years owing to its use in wireless air-base stations to avoid a collision, have efficient navigation, and controls real-time air traffic.

Base on application, the market is sub-segmented into light detection and ranging, wireless and EV charging, radar and satellite radio frequency, and others. The light detection and ranging segment will hold the largest market share owing to its use in combat aircraft to calculate distances.

Based on the end-user segment, the market is divided into information and communication technology, automotive, renewables, consumer electronics, military & defense, aerospace, medical, and others. The information and communication technology segment is anticipated to have a dominant share because of the adoption of Internet-of-Things (IoT) technology for commercial applications.

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The gallium nitride market offers a low cost of production because of the availability of raw materials and highly efficient GaN semiconductors. These benefits along with booming industries such as consumer electronics, automotive, computers, and information and communication technology will expand the gallium nitride market globally. There is a need for continuous innovation to sustain itself in the industry.

There is a huge investment and development in the gallium nitride market globally. The major factor driving the growth of the gallium nitride market is the need for low cost and power consumption in automotive and consumer electronics. The rising demand for energy-efficient GaN devices and power semiconductors in wired communications will propel the growth of the market as many internet service providers focus on high capacity, ubiquitous connectivity, and lower latency with optic cable wires.

The increase in demand for electric vehicles, hybrid vehicles, and implementation of 5G infrastructure will provide opportunities for the growth of the gallium nitride market globally.

North America is expected to have the largest market share during the forecast period due to developed IT infrastructure, internet penetration, increasing adoption of electric vehicles, and an increase in the number of connected modern devices.

The Asia Pacific is expected to have substantial growth because of its use in various end-use industries such as consumer electronics, automotive, and industrial. China will hold a significant share in the gallium nitride market globally because of huge investment in R&D and innovation in new technologies.

Some of the key players operating in the gallium nitride market: Cree, Inc., Infineon Technologies AG, Efficient Power Conversion Corporation, GaN Systems Inc., NXP Semiconductors, Qorvo, Inc, Texas Instruments Incorporated, Toshiba Corporation, Epistar Corporation, and Mitsubishi Electric Corporation.

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