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Global GaN Semiconductor Devices Market Size, Share, Trends, Forecast: By Type: GaN Radio Frequency Devices, Opto-semiconductors, Power Semiconductors; By Devices: Transistor, Diode, Rectifier, Power IC, Others; By Wafer Size: 2-inch, 4-inch, 6-inch and Above; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global GaN Semiconductor Devices Market Outlook
The global GaN semiconductor devices market size attained approximately USD 3.03 billion in 2023. The market is estimated to grow at a CAGR of 26.3% in the forecast period of 2024-2032, reaching a value of around USD 24.68 billion by 2032.
Key Trends in the Market
Gallium nitride semiconductor, a hard hexagonal crystal, is a wide bandgap semiconductor which possesses high thermal conductivity, low on-resistance, and superior mechanical stability. Such properties make it viable for the production of semiconductor devices and light-emitting diodes.
- Increased usage of GaN in consumer electronics over SiC semiconductors due to better thermal conductivity, faster speed, and superior breakdown tolerance is one of the crucial GaN semiconductor devices market trends.
- There is a rise in the implementation of GaN semiconductor devices in 5G networks to facilitate high speed of data transfer and enhance their efficiency. Furthermore, such devices can also be implemented into 5G multi-chip modules to improve their energy optimisation.
- Surge in the production of electric vehicles (EVs) and the introduction of favourable government initiatives aimed at boosting EV adoption provide impetus to the GaN semiconductor devices market demand. With advancements in EV technology and the rising development of EVs with enhanced efficiency, the rising demand for GaN semiconductor devices owing to their high power density and excellent efficiency is likely to aid the market in the coming years.
- GaN semiconductor devices prove as a promising solution in the renewable energy sector due to their ability to perform well at high voltage and temperature conditions in solar energy-based inverters and power converters.
Market Analysis
Based on type, the market is divided into GaN radio frequency devices, opto-semiconductors, and power semiconductors. The GaN semiconductor devices market segmentation, on the basis of devices, include transistor, diode, rectifier, and power IC, among others. Based on wafer size, the market is categorised into 2-inch, 4-inch, and 6-inch and above.
On the basis of end use, the market is classified into automotive, consumer electronics, defence and aerospace, healthcare, industrial and power, and information and communication technology, among others. The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the GaN semiconductor devices market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Efficient Power Conversion Corporation (EPC)
- NXP Semiconductors N.V.
- Wolfspeed, Inc.
- Texas Instruments Incorporated
- Fujitsu Limited
- Infineon Technologies AG
- MACOM Technology Solutions Inc.
- Toshiba Corporation
- Panasonic Holdings Corporation
- GaN Systems Inc.
- Others
Market Share by Product
Opto-semiconductors occupy a significant portion of the GaN semiconductor devices market share owing to their application in a wide array of devices such as LED, photodiodes, and solar cells, among others. Furthermore, they are readily implemented into LiDAR (light detection and ranging) due to their properties such as high electron mobility and low parasitic capacitance. Its growing implementation in the automotive parts such as automotive lights and sensor components also provides a positive outlook to the market.
Market Share by Region
As per the GaN semiconductor devices market analysis, North America accounts for a substantial share of the market due to growing funding by government bodies in semiconductor companies. Moreover, increased investment in research and development activities in the defence and aerospace sector has also spurred innovations in GaN radiofrequency components in military electronic warfare.
Technological advancements by market players for enhancing the efficiency and performance of GaN semiconductor devices also provide lucrative growth opportunities to the market.
Competitive Landscape
Efficient Power Conversion Corporation (EPC), established in 2007, is a manufacturer of GaN-based devices. The corporation, with its headquarters in California, the United States, provides products for the automotive, consumer electronics, and industrial sectors, among others.
NXP Semiconductors N.V., founded in 2006, is a semiconductor manufacturer based in Eindhoven, the Netherlands. The company mainly provides its solutions in the automotive, mobile, industrial, IoT, and communication infrastructure sectors.
Wolfspeed, Inc., a wide-bandgap semiconductor developer, was founded in 1987 and has its headquarters in North Carolina, the United States. The company provides GaN and SiC semiconductors for 5G networks and electric vehicles, among others.
Other GaN semiconductor devices market players include Texas Instruments Incorporated, Fujitsu Limited, Infineon Technologies AG, MACOM Technology Solutions Inc., Toshiba Corporation, Panasonic Holdings Corporation, and GaN Systems Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Devices |
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| Breakup by Wafer Size |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Gallium Nitride Semiconductor Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Gallium Nitride Semiconductor Devices Historical Market (2018-2023)
8.3 Global Gallium Nitride Semiconductor Devices Market Forecast (2024-2032)
8.4 Global Gallium Nitride Semiconductor Devices Market by Type
8.4.1 GaN Radio Frequency Devices
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Opto-semiconductors
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Power Semiconductors
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Gallium Nitride Semiconductor Devices Market by Devices
8.5.1 Transistor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Diode
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Rectifier
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Power IC
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Gallium Nitride Semiconductor Devices Market by Wafer Size
8.6.1 2-inch
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 4-inch
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 6-inch and Above
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Gallium Nitride Semiconductor Devices Market by End Use
8.7.1 Automotive
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Consumer Electronics
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Defence and Aerospace
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Healthcare
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Industrial and Power
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Information and Communication Technology
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Gallium Nitride Semiconductor Devices Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Gallium Nitride Semiconductor Devices Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Gallium Nitride Semiconductor Devices Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Gallium Nitride Semiconductor Devices Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Gallium Nitride Semiconductor Devices Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Gallium Nitride Semiconductor Devices Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Efficient Power Conversion Corporation (EPC)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 NXP Semiconductors N.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Wolfspeed, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Texas Instruments Incorporated
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Fujitsu Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Infineon Technologies AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 MACOM Technology Solutions Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Toshiba Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Panasonic Holdings Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 GaN Systems Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Gallium Nitride Semiconductor Devices Market: Key Industry Highlights, 2018 and 2032
2. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Devices (USD Billion), 2018-2023
5. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Devices (USD Billion), 2024-2032
6. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Wafer Size (USD Billion), 2018-2023
7. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Wafer Size (USD Billion), 2024-2032
8. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Gallium Nitride Semiconductor Devices Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.03 billion.
The market is projected to grow at a CAGR of 26.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 24.68 billion by 2032.
The major market drivers are the implementation of GaN semiconductor devices over silicon-based devices due to their high efficiency and speed and low manufacturing cost of Gan semiconductor devices.
The key trends of the market include the growing usage of GaN in consumer electronics and 5G technology and the integration of GaN in chips of electric vehicles.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The various wafer sizes are 2-inch, 4-inch, and 6-inch and above.
The key players in the market are Efficient Power Conversion Corporation (EPC), NXP Semiconductors N.V., Wolfspeed, Inc., Texas Instruments Incorporated, Fujitsu Limited, Infineon Technologies AG, MACOM Technology Solutions Inc., Toshiba Corporation, Panasonic Holdings Corporation, and GaN Systems Inc., among others.
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