GaN Semiconductors Market: Overview
GaN (Gallium Nitride) Semiconductor is most commonly used in LEDs (Light Emitting Diodes). It is a III/V direct band-gap semiconductor having a Wurtzite Crystal structure. Some other applications include, high frequency and high power devices, and optoelectronic devices.
Trends Market Research (TMR) pegs the growth opportunity of the global GaN semiconductor devices at US$ XX mn by 2025. The market, which had a valuation of US$ XXmn in 2018, is expected to exhibit an exponential CAGR of XX% over the period between 2017 and 2025 to achieve this feat.
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GaN Semiconductors Market: Segmentation
On the basis of Wafer Size, the global GaN Semiconductors market can be segmented as follows,
The global GaN Semiconductors market can also be segmented by Products,
GaN Radio Frequency Devices
With regards to the application, the global GaN Semiconductors market is segmented as,
Information and Communication Technology
Defense and Aerospace
GaN Semiconductors Market: Drivers
The accelerated demand from consumers for energy efficient power electronics is expected to act as a driving factor for the global GaN Semiconductors market. Gallium Nitride Semiconductors have dynamic chemical and electrical properties, such as high saturation velocity and voltage breakdown that enable such semiconductors to be the appropriate choice for utilization in various switching devices. As compared to the silicon technology semiconductors, GaN Semiconductors provide other benefits, such as higher power density, thermal conductivity and temperature tolerance, thus propelling the global GaN Semiconductors market.
GaN Semiconductors Market: Regional Outlook
The global Automotive Steering System market is segmented into the following regions – North America, Latin America, Europe, APAC, and Middle East and Africa. The GaN Semiconductors market in APAC is expected to register the most lucrative growth over the forecast period owing to the increasing demand for high performance and energy efficient radio frequency components.
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Currently, North America is the largest contributor in the global GaN Semiconductors market.
GaN Semiconductors Market Key Players: Efficient Power Conversion Corporation, NXP Semiconductors N.V., GaN Systems Inc., and Cree Inc. are these top four companies in the market. Other key vendors in the market are Mersen S.A., Avogy, Inc., Fujitsu Limited, Toshiba Corporation, and Renesas Electronics Corporation.