Overview:
The global GaN semiconductor devices market is growing rapidly. The market growth attributes to the surging demand for GaN semiconductor devices in military and space applications. Considerable stability in the radiation environment, GaN devices demonstrate many benefits space, and military applications offer favorable characteristics to terahertz (THz) devices. Besides, greater stability in radiation surroundings possessed by GaN semiconductors fosters its use in the automotive and aerospace sectors to drive the growth of the market.
Also, rising usages of gallium nitride semiconductor devices in different industrial sectors such as telecommunications, consumer electronics, and medical industries escalate the market growth to furthered height. According to Market Research Future (MRFR), the global Gan Semiconductor Devices Market valuation is expected to reach 27 BN by 2023, growing at 8% CAGR during the assessment period (2017 – 2023). The low production cost of GaN-based devices acts as a tailwind to the market growth.
Additionally, factors such as the spurting growth in industries such as automotive, aerospace, ICT, telecommunication, healthcare, and consumer electronics substantiate market growth. Furthermore, technological advances and the augmenting demand for the extra bandwidth from the end-user of electronic devices push the growth of the market. Conversely, the high manufacturing costs of these devices are the major factors expected to obstruct market growth.
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Key Players
The prominent players in GaN semiconductor devices market are – Cognitive Operational Systems, Inc. (U.S.), Haapie SAS (France), KinderLab Robotics (U.S.), Tinybots (Netherlands), BKIN Technologies Limited (Canada), R.U. Robots Limited (U.K.), Behaviour Labs SRL (Italy), Heron Robots SRL (Italy), Perceptronic Solutions, Inc. (U.S.), Cognitive Spring (U.S.) among others.
Segmental Analysis:
The report is segmented into four segments.
- By Type : Opto-Semiconductor, Power Semiconductor, RF Semiconductor, and others.
- By Wafer Size: 2 inches, 4 inches, 6 inches, and above.
- By End User: Automotive, Aerospace & Defense, Consumer Electronics, Telecommunication, Medical, and others.
- By Regions: Americas, Europe, APAC, and the Rest-of-the-World.
Regional Analysis:
North America leads the global GaN semiconductor devices market. The largest market growth attributes to the rising demand for semiconductor devices in military, offshore oil & gas exploration, and emergency medical service providers. Besides, the presence of many notable players and well-developed aerospace sectors in the region drives the regional market growth.
Moreover, the growing consumer electronics market fosters the growth of the GaN semiconductor devices industry in the region. The US accounts for the leading share in the regional market owing to the rapid development in the aerospace sector. The North American GaN semiconductor devices market is estimated to retain its dominance over the global market throughout the review market.
Europe stands second in the GaN semiconductor devices market. The market is driven by the burgeoning end-user industries such as the automobile and consumer electronics industries. Moreover, rising adoption of gallium nitride semiconductor devices in the well-developed sectors such as defense & aerospace, information & communication technology, and healthcare contribute to the regional market growth.
Simultaneously, the fast-paced and high-quality lifestyle and the increasing demand for consumer goods such as television, computers, laptops, and gaming devices, foster the market growth in the region. The European Space Agency (ESA) acknowledges GaN as key enabling technology, which substantiates the adoption of these devices. The European GaN semiconductor devices market is projected to create a substantial revenue pocket.
The GaN semiconductor devices market in the Asia Pacific region is emerging as the most promising space. Factors such as the emergence of many novel innovations such as GREAT2 (GaN reliability enhancement and technology transfer) and the rapidly growing well-established automotive and aerospace sectors provide impetus to the regional market growth. The region is witnessing constant economic growth, especially in countries such as India and China, which positively impacts the regional market growth.
Among other APAC countries, India is increasingly becoming a hub for technology, automotive, and aerospace developments, with a steady flow from foreign investors. Owing to the raw material advantages and the availability of cost-competitive labor force, substantiate the GaN semiconductor devices industry in the region. The APAC GaN semiconductor devices market is expected to grow at an impressive CAGR during the assessment period.
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Target audience:
- End users of the gallium nitride semiconductor device
- Wafer equipment manufacturers
- Integrated devices manufacturers (IDMs)
- Distributors and traders
- Technology providers
- Research organizations and consulting companies
- Government agencies
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