Gallium Nitride Industry Report and Forecast to 2027 | MRFR

Posted July 20, 2021 by Prasad2611

Market Research Future Publish New Market Research Report On-“Gallium Nitride Industry 2021 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2027”
Market Overview

Gallium nitride is significantly utilized in the creation of semiconductors, LEDs, and RF gadgets. GaN is broadly acknowledged as green innovation across a large portion of the ventures because of the properties like high warm solidness, low force utilization, temperature obstruction, and high voltage breakdown. Furthermore, the GaN gadgets are more modest in sizes and lighter in weight, which further drives the market development. The exceptional properties of GaN and its minimal expense over silicon have been the significant driver of the worldwide market and is relied upon to keep filling soon.

The significant utilizations of GaN gadgets in the end-client ventures, for example, car, shopper hardware, safeguard and aviation, and others are the drivers of the market development. In any case, the interest for the lightweight auto with further developed effectiveness devours a lot of GaN. Moreover, the buyer hardware businesses favor the market development because of the expanded utilization of GaN in cell phones, PCs, TV, and others. GaN LEDs are a danger to customary lights attributable to their force proficiency, energy utilization, glow combined with ecological concerns. Notwithstanding, restricted accessibility of gallium nitride may thwart the market development during the audit time frame 2017-2023.

Competitive Analysis

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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Market Segmentation

The global Gallium Nitride Industry 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.

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.

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Business Address Office No. 528/524, Amanora Chambers, Magarpatta Road, Hadapsar Pune, Maharashtra 411028
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Categories Business , Industry , Manufacturing
Tags gallium nitride industry
Last Updated July 20, 2021