Gallium Oxide Substrate Market Expects US$ 9.7 Million Value By 2032

The gallium oxide substrate market is estimated to expand more than 2X and generate an absolute dollar opportunity of US$ 5 Mn over the forecast period (2020-2030). Research & development activities done by academic & research institutes hold a major portion of the pie. With rapid growth of semiconductor and electronics industries, demand for substrate is only expected to increase over the coming years. However, the market will face a short-term decline in growth due to the ongoing COVID-19 pandemic, and gradually pick pace over the coming months and years.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=5464

"Evolving scene of the semiconductor industry is responsible for the robust growth of the global gallium oxide substrate market, which is projected to double in value over the next ten years,"says a Fact.MR analyst.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

Fact.MR has studied the gallium oxide substrate market with detailed segmentation on the basis of dopant, application, and key regions.

Dopant

• Sn
• Fe
• Others

Application

• Visible/ Ultraviolet LEDs
• Power Semiconductors
• Ultraviolet Detectors

Region

• North America
• Europe
• Asia Pacific
• Rest of the World

𝐒𝐡𝐚𝐫𝐞 𝐘𝐨𝐮𝐫 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 & 𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬- https://www.factmr.com/connectus/sample?flag=RC&rep_id=5464

Sales of gallium oxide substrate accounted for nearly 36.3% of the global gallium oxide market at the end of 2021. Application in semiconductors surges the market's demand growth over the period.

Key Takeaways from Global Gallium Oxide Substrate Market

The global gallium oxide substrate market is anticipated to race ahead and add 2.1X value in 2030 as compared to 2020.
Sn dopants capture nearly 59% of the global gallium oxide substrates market.
Among the applications, visible/ ultraviolet LEDs hold a major share of the market - around 57% in 2020 - as LEDs are adopted across industries for various uses such as purification, currency detecting, etc.

Asia Pacific holds a leading share in the gallium oxide substrate market, of which, Taiwan has been the demand center in FY2020. North America is the second-most attractive region in the global gallium oxide substrate market.
After initial setbacks due to the onset of the COVID-19 virus, the gallium oxide substrate market is gradually recovering and getting back to its normal growth trajectory.

𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭: https://www.factmr.com/checkout/5464

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Liche Opto Co., Ltd
• NANJING JINMEI GALLIUM CO., LTD.
• Nanoshell LLC
• Neo Performance Materials
• Nippon Rare Metal, Inc.
• Super Conductor Materials, Inc.
• Saint-Gobain
• Vital Materials Co.
• Tamura Corporation
• Novel Crystal Technology
Kyma Technologies Inc.

Players in this space have the power to maintain high prices of substrates, which will also act as a barrier for new entrants trying to enter this market place.

More Valuable Insights on Gallium Oxide Substrate Market

Fact.MR, in its new offering, presents an unbiased analysis of the global gallium oxide substrate market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the gallium oxide substrate market on the basis of dopant (tin, iron, and others) and application (visible/ ultraviolet LEDs, power semiconductors, and ultraviolet detectors), across four major regions of the world.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: https://www.globenewswire.com/en/news-release/2022/09/26/2522615/0/en/Third-Generation-Advanced-High-Strength-Steel-Opening-Plethora-of-Opportunities-for-Manufacturers-Says-Fact-MR.html

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