Pune, Maharashtra -- (SBWIRE) -- 10/11/2022 -- GaN Semiconductor Devices Market Scope & Overview:

Data consumption rates, the quantity of loaded apps, quicker CPUs, better RAM/ROM, and durable screens all utilize more battery power than older standards did. Batteries' capacity must rise in light of such technical improvements. Electronic device charging methods are being revolutionized by gallium nitride (GaN) semiconductors. The semiconductors are used for fast charging, wireless charging, and other applications. GaN has a number of advantages over its competitors, including silicon and gallium arsenide, including cost-effectiveness and the absence of cooling requirements. The rise in the demand for energy-efficient semiconductor devices in recent years has also contributed to the adoption's acceleration.

According to the latest market research report published by the SNS Insider, the GaN semiconductor devices market is anticipated to cross USD 7.20 Billion by 2028, with a lucrative CAGR of 7.8% during the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges

The GaN semiconductor devices market is primarily being driven by increased consumer demand for energy-efficient consumer goods, rising use of electric vehicles, and rising use of laptops, TVs, mobile phones, and other gadgets. The low cost and great efficiency of gallium nitride allow the semiconductor to readily meet the demands of future power devices. The market is prepared to experience strong demand from many industries.
However, compared to silicon-based semiconductors, the overall cost of manufacturing GaN semiconductors is quite high, which is why the market for GaN semiconductor devices is obstructed.
Impact of the COVID-19 Pandemic

The COVID-19 pandemic had an effect on the production, supply, and distribution processes at GaN semiconductor manufacturers, which decreased demand for these semiconductors. Despite the difficulties the sector is facing, the ongoing COVID-19 problem has the potential to propel technological development. Whereas 5G is already demonstrating its value in some situations.

GaN Semiconductor Devices Market Segmentation Analysis 2022

The RF semiconductor devices sector will dominate the GaN semiconductor devices market in terms of device type owing to their high-end uses and applications. It is preferred to employ RF devices as RF filters and RF power amplifiers. These gadgets are employed in the telecommunications, automobile, aerospace, and defense industries.

Based on wafer size, the low defect density and affordable attributes of the 4-inch wafer size will improve the performance of microwave transistors, light-emitting diodes, and laser diodes.
The radiofrequency segment would have an upward growth trend by application. These gadgets are currently and widely used in consumer electronics and defense. They also have usage and applications in vehicle communications.

In this GaN semiconductor devices market, the automotive segment would experience upward growth based on end-use industries. Autonomous vehicles are given speed and the ability to see a great distance thanks to the GaN-based lidar.

Major Segments and Sub-Segment of GaN Semiconductor Devices Market are Listed Below:

BY TYPE:
- Depletion Mode
- Cascode Mode
- GaN Radio Frequency Devices
- Opto-Semiconductors
- Power Semiconductors
- RF Semiconductors

BY WAFER SIZE:
- 2"
- 4"
- 6"
- 8"

BY COMPONENTS:
- Transistor
- Diode
- Rectifier
- Power IC
- Others

BY APPLICATION:
- Signal
- Power
- Communications
- Consumer Electronics
- Automotive
- Military & Defense
- Medical
- Lighting and Lasers
- Supplies and Inverters
- Radio Frequency
- Other

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Regional Analysis

Europe will dominate the GaN semiconductor devices market during the forecast period. The region will experience considerable demand for the gadgets due to established supply chains, government incentives, and EU market laws and activities. Due to the presence of significant market competitors and the growing demand for standardized products worldwide, North America will hold a sizable portion of the market. Additionally, the region's share is influenced by the presence of major players in the sector. The defense industry is driving growth in North America by utilizing GaN-based transistors, military radar, and electronic warfare more widely in military applications.

Competitive Landscape Outlook

Some of the prominent companies present in the GaN semiconductor devices market include Infineon Technologies, Nichia Corporation, Osram Opto-semiconductors, Cree Incorporated, Panasonic Semiconductors, Gallia Semiconductor, Koninklijke Philips N.V., Texas Instruments, Fujitsu Ltd, Toshiba, NXP Semiconductors, and Aixtron SE.

Frequently asked questions about this report are given below:

- How big is the gallium nitride semiconductor devices market?
- What is the gallium nitride semiconductor devices market growth?
- Which segment accounted for the largest gallium nitride semiconductor devices market share?
- Who are the key players in the GaN semiconductor devices market?
- What are the factors driving the GaN semiconductor devices market?

Table of Contents – Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Global GaN Semiconductor Devices Market Segmentation, By Type

9. Global GaN Semiconductor Devices Market Segmentation, By Wafer Size

10. Global GaN Semiconductor Devices Market Segmentation, By Component

11. Global GaN Semiconductor Devices Market Segmentation, By Application

12. Regional Analysis

13. Company Profiles

14. Competitive Landscape

15. Conclusion

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