Gallium Nitride Semiconductor Devices Market Share, Size, Trends, Industry Analysis Report, By Product (GaN Radio Frequency Devices, Opto-semiconductors, Power Semiconductors); By Component; By Wafer Size; By End-Use; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jul-2023
- Pages: 118
- Format: PDF
- Report ID: PM2134
- Base Year: 2022
- Historical Data: 2019
Report Outlook
The global gallium nitride semiconductor devices market was valued at USD 1,379.2 million in 2022 and is expected to grow at a CAGR of 23.7% during the forecast period.
The Gallium Nitride Semiconductor Devices market refers to the global industry producing, distributing, and commercializing electronic components based on gallium nitride semiconductor technology. GaN is a wide-bandgap semiconductor material that offers superior electrical and thermal properties compared to traditional silicon-based materials.
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The market for GaN semiconductor devices has experienced significant growth in recent years due to their unique advantages and increasing demand for high-power and high-frequency applications. GaN devices are known for their ability to operate at higher voltages, temperatures, and frequencies, making them suitable for a wide range of industries and applications.
The market includes various GaN-based devices, such as power transistors, RF amplifiers, LEDs, and other optoelectronic devices. GaN power transistors are widely used in power electronics applications, including power supplies, motor drives, renewable energy systems, and electric vehicles. RF amplifiers based on GaN technology are employed in wireless, radar, and satellite communications systems.
GaN-based LEDs offer energy efficiency, brightness, and color quality advantages, making them ideal for general lighting, automotive lighting, displays, and backlighting applications.
The market for GaN semiconductor devices is driven by increasing demand for energy-efficient and high-performance electronic devices, the need for advanced power management solutions, and the growing adoption of GaN technology in various industries.
The superior bandgap of gallium nitride compared to silicon is a key driver for the market demand for gallium nitride devices. With a bandgap of 3.2 electron volts (eV), gallium nitride is preferred for high-power applications over silicon's bandgap of 1.1 electron volts. The market demand is further fueled by gallium nitride's excellent thermal conductivity, high-breakdown voltage, and dynamic electrical properties, optimum switching frequency. The advancement in power electronics has resulted in a strong demand for highly efficient electronic devices, promoting the adoption of gallium nitride devices. Additionally, there is a growing emphasis on reducing energy loss and achieving better performance with lower power consumption, creating significant market potential for gallium nitride semiconductor devices.
The COVID-19 pandemic has profoundly impacted manufacturers and suppliers of gallium nitride semiconductor devices throughout the value chain. The outbreak has caused various challenges, such as export barriers, disruptions in the supply of materials, reduced market demand for devices, the shutdown of manufacturing operations, strict lockdown measures, constrained consumer budgets, and a global economic downturn. As a result, there has been a significant short-term decline in the demand due to the pandemic.
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Industry Dynamics
Growth Drivers
Growing High-Speed Revolution in Power Electronics
Several key factors are driving the global market, which includes the growing high-speed revolution in power electronics, the surge in wide bandgap technology adoption across a wide range of applications, the shift from conventional silicon-based technology to the trend of shrinking printed circuit board (PCB) wafer size or miniaturization in electronics and advanced gallium nitride-based technology.
Gallium nitride semiconductor devices offer efficient performance in high-temperature conditions and are well-suited for use in complex circuits. While they have already proven successful in applications such as LEDs, photonics, and RF components, gallium nitride is now gaining recognition in mainstream applications that require high-power switching and conversion devices.
The adoption of gallium nitride is propelled by its improved device performance, including enhanced efficiency and the ability to operate reliably in extreme environments. These advantages contribute to the growing acceptance of gallium nitride semiconductor devices in various industries, paving the way for their widespread use and Gallium Nitride Semiconductor Devices Market growth.
Report Segmentation
The market is primarily segmented based on product, component, wafer size, end-use, and region.
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By Product |
By Component |
By Wafer Size |
By End-Use |
By Region |
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Opto-Semiconductors Segment Accounted for the Highest Market Share in 2022
In 2022, opto-semiconductors segment accounted for the highest market share. The increasing demand for enhanced efficiency in consumer electronics, including LEDs, laptops, hand-held electronic devices, and industrial applications, primarily drives this segment. It is also gaining prominence in industries such as automotive and healthcare. The growing demand for head-up displays and LED display panels further fuel the market growth of this segment.
On the other hand, the power semiconductors market segment is expected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. This growth is attributed to the rising demand for high-frequency switching devices across various industry verticals, including consumer electronics, automotive, and aerospace. However, it is important to note that large silicon wafer manufacturers and electronic industry stakeholders have yet to realize gallium nitride's potential to power electronic devices fully.
Transistors Segment Held the Largest Market Share in 2022
In 2022, the transistors segment held the largest market share. The increased demand for power transistors for telecommunications base stations, particularly in the booming 4G technology-enabled sector, has driven the adoption of gallium nitride-based power transistors. The shift from traditional silicon-based transistors, which offer higher efficiency and meet frequency requirements and high power, has contributed to the significant market share of the transistor segment.
Furthermore, the power IC (Integrated Circuit) market segment is expected to exhibit the highest compound annual growth rate (CAGR). This growth can be attributed to the rising demand for compact electronics, advancements in wireless communications, and the increased utilization of next-generation mobile networks. Moreover, the need for higher power densities to achieve more power in reduced spaces has led to a surge in demand for integrated power electronics, further fueling the market's growth in the power IC segment.
North America Dominated the Global Market in 2022
In 2022, North America dominated the global market, due to the significant investments made in gallium nitride semiconductor technologies and the widespread acceptance of advanced electronics across several industry verticals in the region. Prominent U.S.-based semiconductor manufacturers like Texas Instruments and On Semiconductor have dedicated research programs focused on gallium nitride, showcasing their substantial technological investments.
Additionally, the government in North America is actively promoting the encouraging the reduction of energy losses and the adoption of energy-efficient devices in the market. These initiatives further support the growth and market penetration of gallium nitride semiconductor devices in the region, solidifying North America's position in the global market.
During the forecast period, the Asia Pacific region is poised to experience the fastest growth in the market. This growth can be attributed to several factors, including the increasing demand for consumer electronics driven by rapid urbanization, the integration of electronics in the automotive industry, and significant technological advancements in the region. Key countries in the Asia Pacific region, such as China, Japan, South Korea, and Taiwan, serve as major hubs for silicon wafer manufacturing.
Emerging economies like India, Southeast Asian countries, and China have witnessed a surge in the use of LEDs in enterprise and consumer electronics. It has created a strong demand for high-frequency devices and the wafer industry, contributing to the growth of the region's market. Furthermore, the adoption of digital technologies is rapidly gaining momentum in developing countries, further bolstering the market prospects for gallium nitride electronic devices in the Asia Pacific region during the forecast period.
Competitive Insight
Some of the major players operating in the global market include Efficient Power Conversion Corporation, Cree, Inc., Fujitsu Ltd., ST Micro Electronics, MACOM Technology Solutions, GaN Systems Inc., Qorvo Inc., Infineon Technologies AG, Cree Inc., NexgenPower Systems, Texas Instruments Incorporated; NXP Semiconductor, Toshiba Corporation, and Sumitomo Electric Industries, Analog Devices Inc.
Recent Developments
- In November 2021, GaN Systems, a provider of GaN power semiconductors, announced a partnership with Universal Scientific Industrial Co., Ltd (USI), a subsidiary of ASE Technologies. The objective of this partnership was to collaborate on the development of GaN power modules specifically for the electric vehicle (EV) market.
- In 2019, Panasonic utilized its patented X-GaN technology to manufacture GaN-based transistors, employing them in various applications. These included power converters that achieved unprecedented efficiency rates of up to 99% and the substitution of transistors in motor configurations. By leveraging GaN technology, Panasonic enhanced performance and delivered more efficient solutions in these areas.
Gallium Nitride Semiconductor Devices Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 1,690.3 million |
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Revenue forecast in 2032 |
USD 12,187.4 million |
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CAGR |
23.7% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments Covered |
By Product, By Component, By Wafer Size, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
Efficient Power Conversion Corporation, Cree, Inc., Fujitsu Ltd., ST Micro Electronics, MACOM Technology Solutions, GaN Systems Inc., Qorvo Inc., Infineon Technologies AG, Cree Inc., NexgenPower Systems, Texas Instruments Incorporated; NXP Semiconductor, Toshiba Corporation, and Sumitomo Electric Industries, Analog Devices Inc. |
FAQ's
The Fitness App Market report covering key segments are product, component, wafer size, end-use, and region.
Gallium Nitride Semiconductor Devices Market Size Worth $ 12,187.4 Million By 2032.
The global gallium nitride semiconductor devices market is expected to grow at a CAGR of 23.7% during the forecast period
North America regions is leading the global market.
Key driving factors in gallium nitride semiconductor devices market Growing high-speed revolution in power electronics.
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