PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1465583
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1465583
GaN Semiconductor Device Market - By Type (Opto-semiconductors, RF Semiconductors, Power Semiconductors), By Component (Transistor, Diode, Rectifier, Power IC, Others), By Voltage Power, By End-use Industry & Forecast, 2024 - 2032
Global GaN Semiconductor Device Market size will record a 22.5% CAGR from 2024 to 2032 due to ongoing developments in GaN manufacturing processes aimed at reducing costs and improving efficiency. The demand for consumer electronics, such as smartphones, laptops, and tablets, continues to rise, creating a need for smaller and more efficient devices. GaN's superior performance and energy efficiency make it an ideal choice for these applications. As manufacturers seek to meet consumer demands for high-performance electronics, the GaN semiconductor device industry will experience significant expansion.
For instance, in February 2024, Transphorm introduced two new SuperGaN devices designed specifically for high-power industrial applications, offering enhanced efficiency and performance.
The GaN semiconductor device industry is divided based on type, component, voltage power, end-use industry, and region.
The power IC segment will observe substantial growth by 2032. GaN's exceptional properties, such as high electron mobility and low on-resistance, make it well-suited for power IC applications. These devices are crucial for high-efficiency power conversion in various industries, including automotive, renewable energy, and consumer electronics. With the demand for compact, energy-efficient devices rising, the power IC segment will drive substantial growth in the market, offering efficient power management solutions.
The GaN semiconductor device market share from the opto-semiconductors segment will witness considerable growth by 2032, fueled by the widespread use of GaN in opto-semiconductor applications such as LEDs (light-emitting diodes) and laser diodes. GaN's superior properties, including high efficiency and reliability, make it ideal for lighting and display technologies. With the rising demand for energy-efficient lighting solutions and advancements in display technologies, the opto-semiconductors segment will drive significant growth in the GaN semiconductor device industry.
North America GaN semiconductor device industry will demonstrate a notable CAGR from 2024 to 2032, attributed to the region's strong presence of key market players, robust technological advancements, and significant investments in research and development. GaN devices are extensively used in applications such as power electronics, RF devices, and LED lighting. With the growing demand for energy-efficient and high-performance electronics in industries like automotive and telecommunications, North America will emerge as a key contributor to the GaN semiconductor device market's expansion.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Profit margin analysis
- 3.3 Technology & innovation landscape
- 3.4 Patent analysis
- 3.5 Key news & initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Rising demand for high-speed data transmission
- 3.7.1.2 Increasing adoption of GaN in consumer electronics
- 3.7.1.3 Increasing focus on miniaturization and lighter-weight electronics
- 3.7.1.4 Surging deployment in the energy and power industry
- 3.7.1.5 Growing integration in the automotive industry
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 High cost of manufacturing
- 3.7.2.2 Integration challenges
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2018 - 2032 (USD Million)
- 5.1 Key trends
- 5.2 Opto-semiconductors
- 5.3 RF semiconductors
- 5.4 Power semiconductors
Chapter 6 Market Estimates & Forecast, By Component, 2018 - 2032 (USD Million)
- 6.1 Key trends
- 6.2 Transistor
- 6.3 Diode
- 6.4 Rectifier
- 6.5 Power IC
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Voltage Range, 2018 - 2032 (USD Million)
- 7.1 Key trends
- 7.2 Less than 100 V
- 7.3 100-500 V
- 7.4 More than 500 V
Chapter 8 Market Estimates & Forecast, By End-Use Industry, 2018 - 2032 (USD Million)
- 8.1 Key trends
- 8.2 Aerospace & defense
- 8.3 Automotive
- 8.4 Consumer electronics
- 8.5 Energy & power
- 8.6 Healthcare
- 8.7 Industrial
- 8.8 IT & telecommunications
- 8.9 Others
Chapter 9 Market Estimates & Forecast, By Region, 2018 - 2032 (USD Million)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Cree, Inc.
- 10.2 Efficient Power Conversion Corporation
- 10.3 Fujitsu Ltd.
- 10.4 GaN Systems
- 10.5 Infineon Technologies AG
- 10.6 Mitsubishi Electric Group
- 10.7 NexGen Power Systems
- 10.8 NXP Semiconductors N.V.
- 10.9 Odyssey Semiconductor Technologies, Inc.
- 10.10 Qorvo, Inc.
- 10.11 ROHM Co., Ltd.
- 10.12 STMicroelectronics N.V.
- 10.13 Sumitomo Electric Industries, Ltd.
- 10.14 Texas Instruments Incorporated
- 10.15 Toshiba Corporation
- 10.16 Wolfspeed, Inc.
