Gallium Nitride Market Forecast Report 2018 to 2023

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1 Gallium Nitride Market Forecast Report 2018 to 2023 P a g e 1

2 1 Summary Gallium Nitride (GaN) 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 P a g e 2

3 1.1 Top Global Players: Some of the top vendors in the Global Gallium Nitride Market (GaN) are; Cree Inc. (U.S), GaN systems (Canada), FUJITSU (Japan), Efficient Power Conversion Corporation (U.S), IQE plc. (U.K), Koninklijke Philips N.V. (the Netherlands), Infineon Technologies Ag (Germany), Mitsubishi Chemical Corporation (Japan), ON Semiconductor (U.S), Taiwan Semiconductor Manufacturing Company (Taiwan), Panasonic Corporation (Japan), Texas Instruments Incorporated (U.S), TOSHIBA CORPORATION (Japan), VisIC (Israel), and Nippon Telegraph and Telephone Corporation (Japan). P a g e 3

4 2 Market Categorization The global Gallium Nitride Market is categorized into type, End-user, 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 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 This trend is going to persist in coming years and is expected to fuel the market growth during the forecast period. P a g e 4

5 2.1 Intended Audience: Gallium Nitride (GaN) Market Manufacturers Traders and Distributors of Gallium Nitride (GaN) Market Production Process Industries Potential Investors Raw Material Suppliers Nationalized Laboratory 2.2 Study Objectives of Gallium Nitride (GaN) Market: To provide detailed analysis of the market structure along with forecast for till 2023 of the various segments and sub-segments of the Gallium Nitride (GaN) Market. To understand the supply and demand dynamics including supply and consumption concentration mapping. To provide region level market analysis and future outlook for Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. To provide competitor positioning of the market. To provide company profiling of major players in the market along with their production and capacity. To provide regional trade analysis. To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market. P a g e 5

6 3 Regional Insight: The Global Gallium Nitride Market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, 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. P a g e 6

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