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Gallium Nitride (GaN) Semiconductor Devices Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research
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Gallium nitride (GaN) semiconductor material has high power characteristics, in addition to high operating frequency. Gallium Nitride is widely used in blue laser diodes and blue light-emitting diodes used in Blu-ray disc players.
Among the various applications of gallium nitride (GaN) semiconductor devices market, the consumer electronics segment accounted for the largest market share in 2014, owing to the high penetration of gallium nitride in LED based display and LED based lighting. The communication segment accounted for the second largest and the fastest growing application segment in the global market in 2014, which was fuelled mainly by the high penetration of gallium nitride in RF based application, including power electronics switching equipment.
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The growing demand of gallium nitrate semiconductor devices from Industrial, solar power, and wind energy sector is expected to drive the growth of the global market during the forecast period. Moreover, the growing application areas of gallium nitride semiconductor devices market in the defense and aerospace sector, in addition to electric and hybrid vehicle is laying new opportunities for the growth of the global market in the coming years.
Some of the competitors in the global gallium nitride (GaN) semiconductor devices market are, GaN Systems Inc., Efficient Power Conversion Corporation, Freescale Semiconductor Inc., Toshiba Corporation, and Texas Instruments Inc.
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