Gallium Nitride Market Outlook, Industry Demand and Supply, Pricing Strategies, Forecast and Top Manufacturers Analysis Report by Emergen Research

The global gallium nitride market is projected to be worth USD 320.4 Million by 2027, according to a current analysis by Emergen Research. The gallium nitride market is observing high demand attributed to the growing demand for gallium nitride devices in consumer electronics. Gallium nitride is garnering significant traction in the market and is replacing silicon for use in fast chargers for laptops and smart devices. In the last couple of years, the screen and battery size of smartphones have witnessed a significant increase, which, in turn, is causative of increased power consumption for smartphones, thereby pushing the market for fast chargers.

The latest research report draws utmost attention to the profound impact of the COVID-19 pandemic on the Gallium Nitride market and its crucial segments and sub-segments. The report throws light on the grave effects of the pandemic on the global economic scenario, and subsequently, this particular business sphere. The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements for the potential downfall of this market. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends.

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Key Highlights From The Report

• Gallium nitride finds application in smaller electronics, high-performance EVs and is the primary material for modern-day LED lighting solutions.
• Gallium nitride is of immense significance in photovoltaic cells by enabling them to realize much higher power density than the silicon-based photovoltaic cell.
• North America, led by the US, held a significant market share in 2019 attributed to the swift advancements in the automotive and aerospace sectors and surging demand for semiconductor devices in several applications, including military and medical.
• Key participants include DOWA Electronics Materials Co. Ltd., Cree Inc., American Elements, Furukawa Co. Ltd., Mitsubishi Chemical Corporation, Kyma Technologies Inc., Soitec, IQE PLC, Infineon Technologies, and Nitride Semiconductors Co. Ltd., among others.

Market Segmentation:

Emergen Research has segmented the global gallium nitride market on the basis of substrate type, distribution channel, application, and region:

• Substrate Type Outlook (Revenue, USD Billion; 2017-2027)
o GaN-on-SiC
o GaN-on-Si
o GaN-on-Sapphire
o Others
• Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
o Online
o Offline
• Application Outlook (Revenue, USD Billion; 2017-2027)
o Radio Frequency Devices
1. Wireless Infrastructure
2. Satellite Communication
3. Military & Defense
4. Others
o Power Electronics
1. Power Supply
2. Electric Vehicle
3. LiDAR
4. Servers & Data Centers
5. Wireless Power
6. Solar Photovoltaic Technology
7. Envelope Tracking
8. Others
o Optoelectronics
1. LED
2. LASER
3. Others

The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions. The investigative study assesses the global Gallium Nitride market with regards to market size, market share, and revenue. The global Gallium Nitride market, on the basis of region, has been broadly categorized into several key regions, including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The report sheds light on the presence of the global Gallium Nitride market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and various other key elements.

Furthermore, the report studies the market in terms of the global market reach and consumer bases in the key geographical regions. It provides a holistic overview of the key market players, emphasizing their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario.

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Key highlights of the report:

• The latest report performs an in-depth study of the potential opportunities and risks associated with the global Gallium Nitride market, alongside studying the recent innovations and major events.
• The report underlines the niche segments/regions that exhibit potential growth over the forecast timeframe.
• The report analyzes numerous business expansion strategies adopted by the contending companies in this market.
• A detailed synopsis of the market includes the rapidly changing market dynamics and accurate prediction of the current, historical, and forecast market sizes in terms of volume and value.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Gallium Nitride Market Segmentation & Impact Analysis
4.1. Gallium Nitride Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for GaN devices in consumer electronics
4.2.2.2. Growing demand in radio frequency applications
4.2.2.3. Growing adoption of electric vehicles
4.2.3. Market restraints analysis
4.2.3.1. Availability of substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

READ MORE…!

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