Gallium Nitride Semiconductor Device Market Is Likely to Experience a Tremendous Growth by 2029

Gallium Nitride Semiconductor Device Market is expected to grow at a considerable rate during the forecast period. Gallium nitride is emerging as a substitute for silicon in various semiconductor devices. Due to its high electron mobility than silicon, gallium nitride is growing the applications. gallium nitride is preferred for high RF (Radio Frequency) devices being used for long-distance transmission of signals. gallium nitride also possesses high thermal dissipation characteristics as compared to conventional SiC (Silicon carbide). With technological advantages, gallium nitride is penetrating in RF semiconductor devices rapidly. Application of semiconductors in various electronic devices is augmenting the growth rate for global gallium nitride semiconductor device market. The rapidly growing use of electronic devices in emerging economies and a steep surge in the electronic industry, development of HEV (Hybrid Electric Vehicles) are some of the major factors contributing significantly in the gallium nitride semiconductor device market. With the technological advancement in communication and medical devices, the market is estimated to generate a huge number of opportunities during the forecast period.

Furthermore, growth in the semiconductor industry is reflecting a positive increase in the market value. The shifting trend of the working environment in companies towards electronic devices is encouraging the growth of the semiconductor industry. Moreover, the rapid surge in smartphone users across the globe is leading the positive way ahead for the semiconductor industry. Therefore, with growth in the semiconductor industry, global gallium nitride semiconductor devices market is estimated to grow substantially.

Among the several applications, gallium nitride semiconductor device market is segmented on the basis of device type into LED, transistor, and nanotubes. Due to the wide range of applications of LED in consumer electronics, the LED segment contributes a significant share to the market. Transistor segment is the fastest emerging. On the basis of end-user, gallium nitride semiconductor device market is bifurcated into automotive, consumer electronics, defense & military equipment, medical devices, and others. Consumer electronics segment is the largest shareholder in the market due to widespread and continuously growing applications of consumer electronic products.

Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is leading the global gallium nitride semiconductor device market due to the established electronic industry in the region. Asia-Pacific is estimated to generate huge opportunities during the forecast period due to the growing demand for electronic products. With the presence of significant consumer pool in Asia-Pacific, market players are eyeing the industrial expansion in the region. This will attribute to the substantial CAGR of the region. In addition, Europe constitutes a significant market share due to the increasing semiconductor industry in the region.

To Request a Free Sample of our Gallium Nitride (GaN) Semiconductor Device Market: https://www.omrglobal.com/request-sample/gallium-nitride-semiconductor-device-market

Gallium Nitride Semiconductor Devices Market Segmentation

By End-User

Automotive
Consumer Electronics
Defense & Military Equipment
Medical Devices
Others
By Device Type

LED
Transistors
Nanotubes
A full Report of Gallium Nitride (GaN) Semiconductor Device Market is Available at: https://www.omrglobal.com/industry-reports/gallium-nitride-semiconductor-device-market

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles

Aixtron SE
ALLOS Semiconductors GmbH
Cree, Inc.
Efficient Power Conversion Corp.
EpiGaN nv
Everlight Electronics Co. Ltd.
Fujitsu Ltd.
GaN Systems, Inc.
Infineon Technologies AG
IQE PLC
MERSEN S.A.
Mitsubishi Chemical Corp.
NexGen Power Systems, Inc.
NTT Advanced Technology Corp.
NXP Semiconductors N.V.
Qorvo, Inc.
Renesas Electronics Corp.
Texas Instruments, Inc.
Toshiba Corp.
Transphorm, Inc.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/gallium-nitride-semiconductor-device-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.