GaN Semiconductor Devices Market Growth Drivers, Trends & Demands - Global Forecast to 2027 | COVID-19 Effects

[vivek vishwakarma]

Market Synopsis

As per the analysis by Market Research Future Reports, The Global GaN Semiconductor Devices is estimated to value 25 billion by 2023 expanding at a CAGR of 8% during the review period 2017 from 2023. GaN semiconductor is estimated to have a large demand in the power electronics sector accredited to its unique capability to control electrons more than 1000 times than silicon and is produced at a cheaper cost.

The power electronics and semiconductor markets are perpetual to add more existence and to nurture through several markets. The most important trend that the organization pays attention to is the electrification of automobiles. The adoption of electric vehicles results in a rise in technological advancement and a reduction of cost for automotive semiconductor technology. The automobile manufacturer, Lamborghini, is lessening cost in advancing electric vehicles like Terzo, (electric super sports car). wireless charging is a new trend in the semiconductor and power electronics market. Major Smartphone producers like Samsung and Apple have begun to deploy wireless charging technology in their smartphones. The enterprises also claim that development in semiconductors and power electronics can aid organizations to effectively make the battery capacity better and power management. Furthermore, surging demand for GaN semiconductors in military and space applications is expected to drive the Gan Semiconductor Devices Market owing to, greater stability in radiation surroundings possessed by GaN semiconductors. Gallium nitride semiconductor devices are extensively used in different industrial sectors such as automotive, telecommunications, consumer electronics, and medical sectors.

However, the rise in demand for wireless devices, the fast development of automated equipment and the cheap cost of manufacture is estimated to affect the gallium semiconductor market during the review period. On the contrary, the dust produced during the manufacturing of GaN semiconductor poses a serious threat to human health such as irritation to human eyes, skin, and lungs, which gradually increases the shielding outfit cost is likely to obstruct the expansion of GaN semiconductor devices market during the review period.

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Key Players

The key players of GaN Semiconductor Devices Industry includes Fujitsu Ltd (Japan), Panasonic Semiconductors (Japan), Texas Instruments (U.S.),RF Micro Devices Corporation (U.S.), Osram Opto-semiconductors (Germany), Cree Incorporated (U.S.), Toshiba (Japan), Aixtron SE (Germany), Infineon Technologies (Germany), Gallia Semiconductor (Belgium), ROHM Company Limited (Japan), . NXP Semiconductors (U.S.), Koninklijke Philips N.V. (Netherlands), Nichia Corporation (Japan), and Qorvo (U.S.).

Segmental Analysis:

The latest report on the GaN Semiconductor Devices Industry, published by MRFR, includes segments based on type, wafer size, devices, and end-user. This enables the market to focus precisely on the volume-wise and value-wise materials.

Based on the type, the gallium nitride semiconductor devices market can be sub-segmented into Opto semiconductor, power semiconductor, and RF semiconductors.
Based on the wafer size, the gallium nitride semiconductor devices market experience 2 inches, 4 inches, and 6 inches and above.
Based on the device, the gallium nitride semiconductor devices market can sub-segmented into lighting & laser, transistor, diode, power drivers, rectifier, power ICs, amplifiers, supply& inverter, and switching systems.
Based on the end-user, the gallium nitride semiconductor devices market can be segmented into end-user which include automotive, telecommunication, aerospace & defense, consumer electronics, and medical.
Regional Analysis:

MRFR in their region-specific analysis of the gallium nitride (GaN) semiconductor devices market specifically included four regions, namely North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America with their detailed volume-wise and value-wise contributions.

North America is presumed to be a prominent region in the gallium nitride semiconductor devices market. The U.S. is a leading market owing to the rapid development in the aerospace and rising demand for semiconductor devices in military, offshore oil & gas exploration, and emergency medical service providers over the forecast period. Asia Pacific region is expected to have substantial growth in the gallium nitride semiconductor devices market. China, Taiwan, Republic of Korea, and Japan are the market leaders in the gallium nitride semiconductor devices. Europe is also anticipated to have a significant growth rate over the forecast period.

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TABLE OF CONTENTS

LIST OF TABLES

Table1 World Population By Major Regions (2017 To 2022)

Table2 Global Gallium Nitride (GaN) Semiconductor Devices Market: By Region, 2017-2022

Table3 North America Gallium Nitride (GaN) Semiconductor Devices Market: By Country, 2017-2022

Table4 Europe Gallium Nitride (GaN) Semiconductor Devices Market: By Country, 2017-2022

Table5 Asia Pacific Gallium Nitride (GaN) Semiconductor Devices Market: By Country, 2017-2022

Table6 The Middle East & Africa Gallium Nitride (GaN) Semiconductor Devices Market: By Country, 2017-2022

Table7 Latin America Gallium Nitride (GaN) Semiconductor Devices Market: By Country, 2017-2022

Table8 Global Gallium Nitride (GaN) Semiconductor Devices By Type Market: By Regions, 2017-2022

Table9 North America Gallium Nitride (GaN) Semiconductor Devices By Type Market: By Country, 2017-2022

Table10 Europe Gallium Nitride (GaN) Semiconductor Devices By Type Market: By Country, 2017-2022

Table11 Asia Pacific Gallium Nitride (GaN) Semiconductor Devices By Type Market: By Country, 2017-2022

Table12 The Middle East & Africa Gallium Nitride (GaN) Semiconductor Devices By Type Market: By Country, 2017-2022

Continued…

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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