Gallium Nitride Market

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Gallium Nitride MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Gallium Nitride MARKET 2020
Gallium Nitride Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Gallium nitride 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.
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Gallium Nitride MARKET 2020
Market Segmentation The global gallium
nitride market is segmented into type, end-use
industry, and region. Based on the 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. The 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. Enquiry of
the Report https//www.marketresearchfuture.com/e
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Gallium Nitride MARKET 2020
Regional Analysis
The global gallium masterbatch market is
segmented into five major regions Asia Pacific,
North America, Europe, Latin 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. 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.
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Gallium Nitride MARKET 2020
Application Major Players in this Research
Gallium Nitride Market Prominent Players Some
of the key players in the market are Cree Inc.
(the U.S), GaN systems (Canada), FUJITSU (Japan),
Efficient Power Conversion Corporation (the U.S),
IQE plc (U.K), Koninklijke Philips N.V. (the
Netherlands), Infineon Technologies Ag (Germany),
Mitsubishi Chemical Corporation (Japan), ON
Semiconductor (the U.S), Taiwan Semiconductor
Manufacturing Company (Taiwan), Panasonic
Corporation (Japan), Texas Instruments
Incorporated (the U.S), TOSHIBA CORPORATION
(Japan), VisIC (Israel), and Nippon Telegraph and
Telephone Corporation (Japan).
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