Gallium Nitride Market Analysis by Industry Value, Market Demand, Top Companies and Growth Forecasts Research To 2027

 

The latest industry intelligence report on the Gallium Nitride market performs a cautious examination of the current business environment and competitive landscape of the Gallium Nitride market for the forecast period, 2020 - 2027. For stakeholders, field marketing executives and product owners planning to maintain a competitive edge the market assessment report brings to light essential impression about the growth rate, share and size of the industry during the estimated period. Deep dive into an array of elements including but not limited to the value proposition, product positioning, and targeting and industry segmentation have been described through resources such as charts, tables, and info graphics. The global gallium nitride market is expected to be valued at USD 320.4 Million in 2027 from USD 69.3 Million in 2019, registering a CAGR of 20.8% through the forecast period.  

Read more@ https://www.emergenresearch.com/industry-report/gallium-nitride-market

Key Highlights of the Report:

·         In terms of application, the optoelectronics sub-segment dominates the global gallium nitride market, accounting for the largest market share. The growing deployment of optoelectronic devices, such as LEDs, photodiodes, solar cells, and lasers, in the automotive sector, increasing demand for advanced consumer electronics, and the surging use of GaN in indoor and outdoor lighting solutions propel the growth of this segment.

·         Among the key regional markets, the North American gallium nitride market is expected to account for the most significant revenue share over the projected period. Increasing applications of GaN semiconductors in the consumer electronics, automotive, aerospace, healthcare, and military & defense sectors of the region boost the growth of the market in North America.

·         The leading market players include Mitsubishi Chemical Corporation, DOWA Electronics Materials Co. Ltd., Infineon Technologies, American Elements, IQE PLC, Cree Inc., Soitec, Furukawa Co. Ltd., Kyma Technologies Inc., and Nitride Semiconductors Co. Ltd.

·         In November 2020, Baseus, a renowned consumer electronics brand in Germany, introduced its all-new GaN series 120W charging heads. The high-power charging plugs are specifically designed for charging laptops of around 100W 20V/5A and are highly compatible with MacBook, HP, Dell, and Lenovo laptops.

Emergen Research has segmented the global gallium nitride market based on substrate type, application, distribution channel, and region:

By Substrate Type (Revenue, USD Billion; 2017-2027)

o    GaN-on-Si

o    GaN-on-SiC

o    GaN-on-Sapphire

o    Others

By Application (Revenue, USD Billion; 2017-2027)

o    Radio Frequency Devices

• Wireless Infrastructure
• Military & Defense
• Satellite Communication
• Others

o    Power Electronics

• Electric Vehicles
• Power Supply
• Wireless Power
• LiDAR
• Envelope Tracking
• Servers & Data Centers
• Solar Photovoltaic Technology
• Others

o    Optoelectronics

• LED
• LASER
• Others

By Distribution Channel (Revenue, USD Billion; 2017-2027)

o    Online

o    Offline

By Region (Revenue, USD Billion; 2017-2027)

 

o   North America

•                     U.S.

•                     Canada

o   Europe

•                     Germany

•                     U.K.

•                     France

•                     BENELUX

•                     Rest of Europe

o   Asia Pacific

•                     China

•                     Japan

•                     South Korea

•                     Rest of Asia Pacific

o   Latin America

•                     Brazil

•                     Rest of Latin America

o   Middle East & Africa

•                     Saudi Arabia

•                     U.A.E.

•                     Rest of Middle East & Africa