Global “GaN Semiconductors Devices Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the GaN Semiconductors Devices in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. GaN Semiconductors Devices Market report categorizes the market based on manufacturers, regions, type and application. GaN Semiconductors Devices Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. GaN Semiconductors Devices Market report categorizes the market based on manufacturers, regions, type, and application. GaN Semiconductors Devices Market reports offer a detailed assessment of the GaN Semiconductors Devices including enabling technologies, current market situation, market assumptions, restraining factors.
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List of Top Key-players in 2020 of GaN Semiconductors Devices Market:-
- Toshiba Corporation
- Panasonic Corporation
- Cree Inc.
- GaN Systems Inc.
- Infineon Technologies AG
- OSRAM GmbH
- Efficient Power Conversion Corporation
- NXP Semiconductors N.V.
- NTT Advanced Technology Corporation.
The Global GaN Semiconductors Devices market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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The global GaN semiconductor device market was valued at USD 711.44 million in 2017, and is expected to reach USD 1,842.8 million by 2023, registering a CAGR of 17.1%, over the forecast period of 2018-2023. The scope of the report is limited to solutions offered by major players, including providers of transistors, diodes, rectifiers, and power ICs.
The growing demand for radio frequency in the semiconductor market, booming consumer electronics market (particularly LED-based lighting and displays) and increasing electric vehicles and photovoltaic inverters are some of the major drivers of the GaN semiconductor device market. The demand for smartphones, gaming devices, laptops, and TVs is also expected to offer a modest growth potential to the GaN semiconductor device market, in the consumer electronics sector. With the mature market of smartphones and laptops, although consumer electronics held the largest share in the recent years, it is expected to reduce its pace, thus paving the way for the expansion of the aerospace & defense industry.
Besides, the replacement of incandescent lamps with GaN LEDs in automobiles and the growing demand for electric vehicles are augmenting the growth rate of GaN semiconductor devices in the automotive sector. According to IEA, the number of battery electric vehicles in use increased from 113,000 in 2012 to 1,209,000 in 2016.
However, the high production cost of gallium nitride as compared to silicon carbide, is one of the major factors which might hinder the growth of the global market.
Growth of New Industries Expected to Offer Opportunities for Expansion
With the advent of semiconductors made from gallium nitride, many chipmakers are now using GaN to make chips that support wireless electricity (WiTricity). Gallium nitride also enables the chipmakers to reduce the cost of the integrated circuits, thus driving wide adoption among the semiconductor manufacturing companies. Wireless charging applications include phones, tablets, drones, laptops, industrial robots, appliances, and automotive applications.
Autonomous vehicles use eGaN chips in the LiDAR systems installed, to sense the environment around them. GaN chips are proved to be accurate over silicon chips to the scale of inches, while silicon chips are limited to a range of 10 feet. Hence, with the increasing usage of GaN chips in the new industries, such as wireless charging and self-driving cars, the GaN semiconductor market is expected to grow lucratively over the forecast period.
Consumer Electronics Segment accounted for the Maximum Share
Owing to growing innovations and adoption in the industry, the price of GaN semiconductor technologies is expected to decrease, thus boosting its adoption in the industry, at a fast pace. Due to various advantages, such as higher efficiency of operation and higher frequency of support, many circuit boards used in day-to-day consumer electronic devices are expected to be replaced with GaN semiconductor technologies. The onset of GaN semiconductors is expected to revolutionize the charging technologies in existing devices. They are being employed in wireless charging, fast charging, and in laptop chargers. Cambridge Electronic Inc. has developed advanced transistors to be used for charging purposes, which are approximately 1.5 cubic inches in volume. Many innovations where the charging adapter is being deployed inside the laptop are also expected to occur, thus driving the market for GaN technologies in consumer electronics. Owing to their functioning efficiency and lesser size of the chip, which helps in the cost saving and enhancing the aesthetic appeal from a consumer’s perspective, these devices are also being employed in LED-based TV screens. Moreover, the reduction in size of these devices, such as in a UPS, facilitates increasing the available office space or domestic space, which can be used more productively.
Asia-Pacific expected to Witness the Fastest Growth Rate
The lower labor and production costs in Asia-Pacific are other crucial factors fueling the growth of this market. Moreover, owing to increasing production and export of consumer electronics products from China and Japan, Asia-Pacific is expected to hold the highest share in the GaN semiconductor market by 2023. China is one of the world’s biggest EV markets, as well as the largest market for plug-ins (or new energy vehicles, NEV, as they are called in China).
In 2017, Tesla Motors announced plans to open its first manufacturing site outside the United States, in Shanghai. These factors are expected to increase the demand of GaN semiconductors in China. Similarly, under the new government’s plans to curb pollution, India has committed to sell only electric cars by 2030. Furthermore, Maruti Suzuki, the country’s biggest car manufacturer, has teamed up with Toyota, to launch its first electric car by 2019-2020. These factors are expected to increase the demand for GaN semiconductor in India. In addition, the Indian government has announced an investment of 2.5% of its GDP on healthcare, starting from 2020 (USD 57 billion according to 2016 GDP), further increasing the demand for GaN semiconductors in healthcare segment.
Major Players: TOSHIBA CORPORATION, PANASONIC CORP., CREE INC., GAN SYSTEMS INC., INFINEON TECHNOLOGIES AG, OSRAM GMBH, EFFICIENT POWER CONVERSION CORPORATION, NXP SEMICONDUCTORS NV, TEXAS INSTRUMENTS, AND NTT ADVANCED TECHNOLOGY CORPORATION, amongst others.
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The global GaN Semiconductors Devices market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of GaN Semiconductors Devices Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the GaN Semiconductors Devices Market:
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This GaN Semiconductors Devices Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for GaN Semiconductors Devices? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This GaN Semiconductors Devices Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of GaN Semiconductors Devices Market? What Was Capacity, Production Value, Cost and PROFIT of GaN Semiconductors Devices Market?
- What Is Current Market Status of GaN Semiconductors Devices Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of GaN Semiconductors Devices Market by Taking Applications and Types in Consideration?
- What Are Projections of Global GaN Semiconductors Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is GaN Semiconductors Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On GaN Semiconductors Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of GaN Semiconductors Devices Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for GaN Semiconductors Devices Industry?
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Finally, the report Global GaN Semiconductors Devices Market 2020 describes the GaN Semiconductors Devices industry expansion game plan, the GaN Semiconductors Devices industry knowledge supply, appendix, analysis findings, and the conclusion.
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