Gallium Nitride Semiconductor Devices Market Analysis 2023-2032 : Market Size, Top Segments, Leading Region Forecast | Texas Instruments, Toshiba Corporation, Infineon Technologies AG, Fujitsu Limited, NXP Semiconductors N.V.

As per The Business Research Company's Gallium Nitride Semiconductor Devices Opportunities And Strategies Market Report 2023, The global gallium nitride semiconductor devices market size reached a value of nearly $6,244.83 million in 2021, having grown at a compound annual growth rate (CAGR) of 10.0% since 2016. The market is expected to grow from $6,244.83 million in 2021 to $12,411.43 million in 2026 at a rate of 14.7%. The global gallium nitride semiconductor devices market size is then expected to grow at a CAGR of 11.4% from 2026 and reach $21,257.87 million in 2031.

The increase in use of technologically advanced GaN systems in the defense and aerospace sector is anticipated to boost market growth. The growth is attributed to the rising need for increased bandwidth, as well as performance reliability in radio communications, radars, electronic warfare, and others. GaN-based integrated circuits (ICs) are used in radars to enable efficient navigation and real-time air traffic control. Moreover, GaN can provide higher operating frequencies for military jammers, terrestrial radios, and radar communication.

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GaN in 5G multi-chip modules is a trend gaining popularity in GaN semiconductor devices market. GaN is used in multi-chip modules to boost lineup efficiency because lowering energy consumption is a primary concern for telecom infrastructure. Multichip modules (MCMs) are hybrid microcircuit extensions with increased electrical performance and density. Mobile network operators can reduce the cost of putting 5G on cell towers and rooftops because the 5G multi-chip modules help reduce the size and weight of radio units.

The top opportunities in the gallium nitride semiconductor devices market segmented by component will arise in the transistor market segment, which will gain $2,336.87 million of global annual sales by 2026. The top opportunities in the gallium nitride semiconductor devices market segmented by device type will arise in the opto-semiconductors industry segment, which will gain $2,838.91 million of global annual sales by 2026. The top opportunities in the gallium nitride semiconductor devices market segmented by application will arise in the automotive segment, which will gain $1,645.12 million of global annual sales by 2026. The top opportunities in the gallium nitride semiconductor devices market segmented by wafer size will arise in the 6-inch segment, which will gain $2,158.98 million of global annual sales by 2026. The gallium nitride semiconductor devices market size will gain the most in USA at $1,472.33 million.

Gallium Nitride Semiconductor Devices Market Segmentation:
The Gallium Nitride Semiconductor Devices market is segmented by component ,by device type , by application and by wafer size.
By Component -
a) Transistor
b) Diode
c) Rectifier
d) Power IC

By Device Type -
a) Opto-Semiconductors
b) Power Semiconductors
c) Rf Semiconductors

By Application -
a) Automotive
b) Consumer Electronics
c) Defense And Aerospace
d) Healthcare
e) Industrial And Power
f) Information And Communication Technology
g) Other Applications

By Wafer Size -
a) 2 Inch
b) 4 Inch
c) 6 Inch
d) 8 Inch

Major players in the Gallium Nitride Semiconductor Devices market include Texas Instruments, Toshiba Corporation, Infineon Technologies AG, Fujitsu Limited, NXP Semiconductors N.V.

The regions covered in the global Gallium Nitride Semiconductor Devices market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Gallium Nitride Semiconductor Devices Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Gallium Nitride Semiconductor Devices Market Report Table Of Content
1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
.....
19.Company Profiles
20.Key Mergers and Acquisitions
21.Opportunities And Strategies
22.Gallium Nitride Semiconductor Devices Market, Conclusions And Recommendations
23.Appendix

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