The GaN Semiconductors Devices Market Report 2019-2023 focuses on the global GaN Semiconductors Devices status, future forecast, growth opportunity, key market, and key players.
The GaN Semiconductors Devices Market report studies the global market size of GaN Semiconductors Devices in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of GaN Semiconductors Devices in these regions. This research report categorizes the global GaN Semiconductors Devices market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of GaN Semiconductors Devices include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- 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.
Overview of GaN Semiconductors Devices Market Research Report 2019-2023:-
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 2019-2023. 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 consumerâs 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 worldâs 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 governmentâs plans to curb pollution, India has committed to sell only electric cars by 2030. Furthermore, Maruti Suzuki, the countryâs 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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Reasons to Purchase this Report
Key questions answered in the GaN Semiconductors Devices Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of GaN Semiconductors Devices market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of GaN Semiconductors Devices Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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