You are here
Gallium Nitride Market- Emerging Trends, Global Players Outlook and Forecast to 2023
Gallium Nitride Market is likely to register a stable CAGR during the Forecast period from 2018 to 2023 and Gallium Nitride is segmented on end-use industry, type, and region
Gallium Nitride (GaN) is majorly used in the production of semiconductors, LEDs, and RF devices. GaN is widely accepted as green technology across most of the industries due to the properties such as high thermal stability, low power consumption, temperature resistance, and high voltage breakdown. Additionally, the GaN devices are smaller in sizes and lighter in weight, which further drives the market growth. The unique properties of GaN and its low cost over silicon have been the major driver of the global market and is expected to continue growing in the near future.
The major applications of GaN devices in the end-user industries such as automotive, consumer electronics, defense and aerospace, and others are the drivers of the market growth. However, the demand for the lightweight automotive with improved efficiency consumes a significant amount of GaN. Furthermore, the consumer electronics industries favor the market growth due to the increased use of GaN in smartphones, laptops, television, and others. GaN LEDs are a threat to conventional lights owing to their power efficiency, energy consumption, luminosity coupled with environmental concerns. However, limited availability of gallium nitride may hinder the market growth during the review period 2017-2023.
Receive Sample Copy Of Report At:
The Global Gallium Nitride Market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.
The Asia Pacific is expected to witness a healthy market growth during the forecast period due to the availability of raw materials and the increasing demand for consumer electronics.
And the North America and Europe are the leading contributors to the gallium nitride market. Countries like the U.S., Canada, and Mexico contribute due to the increased standards of lifestyles. With growing technological advances in defense, military and space science, North America and Europe are expected to be the major contributor to the market growth in coming years.
The Global Gallium Nitride Market is segmented into type and End-user
Basis on type, the GaN market is divided into p-type and n-type. Among these two types, n-type is projected to lead the market on account of easy availability and cheap cost. However, p-type GaN is going through patent processes undertaken by many leading players and is not being fully commercialized as of 2016. Therefore, p-type gallium nitride is holding the least share in the global gallium nitride market.
By end-user industries of gallium nitride are segregated into automotive, consumer electronics, defense and aerospace, healthcare, industrial & power, and others. The automotive industry is the leading segment due to the excessive use of gallium nitride in electric vehicles, locomotives, and traffic signals.
According to Statista, the global passenger car production was estimated to hit 78.6 million units in 2017. This trend is going to persist in coming years and is expected to fuel the market growth during the forecast period.
Key Global Competitors:
The top players in the Global Gallium Nitride Market are; FUJITSU (Japan), Efficient Power Conversion Corporation (U.S), IQE plc. (U.K), Mitsubishi Chemical Corporation (Japan), ON Semiconductor (U.S), Taiwan Semiconductor Manufacturing Company (Taiwan), Cree Inc. (U.S), GaN systems (Canada), Koninklijke Philips N.V. (the Netherlands), Infineon Technologies Ag (Germany), Panasonic Corporation (Japan), Texas Instruments Incorporated (U.S), TOSHIBA CORPORATION (Japan), VisIC (Israel), and Nippon Telegraph and Telephone Corporation (Japan).
Browse Complete Report In Detail At:
Market Research Future
Office No. 528, Amanora Chambers,
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.