The Gallium Nitride Semiconductor Devices Market garnered a market value of USD 1.23 Billion in 2022 is expected to register a positive CAGR of 23% during the forecast period 2022-2032 and reach a value of 11.99 billions of dollars. From 2015 to 2021, the global gallium nitride semiconductor device market experienced significant gains, reaching a valuation of US$1 billion in 2021. According to Fact.MR, a provider of market research and competitive intelligence, sales of gallium nitride semiconductor devices have flourished at a CAGR of 18% over the historical period.
Offering in this portion accompanies many open doors including item making, appropriation, retail, and show administrations. Extensive rounds of far-reaching essential and optional exploration have been used by Fact.MR examiners to present different assessments and projections for the Gallium Nitride Semiconductor Devices market demand both globally and provincially.
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Market Players: –
- Cree Inc.
- Efficient Power Conversion Corporation
- GaN systems
- NXP semiconductor
- Qorvo Inc.
- Texas Instruments Incorporated
- Toshiba company
The examiners used various large and substantial business knowledge devices to combine facts, figures and market information in their income assessments and market projections.
Key partners in the marketplace, including industry players, policy makers and financiers in several countries, have constantly realigned their systems and the ways to manage them to take advantage of the newly opened doors. Many have recently updated their procedures to stay coordinated in the context of the general unrest caused by the COVID-19 pandemic.
Key market segments in the Gallium Nitride Semiconductor Devices industry research
- By product
- GaN radio frequency devices
- Gallium nitride opto-semiconductor devices
- Gallium nitride power semiconductor devices
- By Component
- Gallium nitride semiconductor transistor
- Gallium nitride semiconductor diode
- Gallium nitride semiconductor rectifier
- Gallium nitride semiconductor power integrated circuit
- Other Gallium Nitride Semiconductor Components
- By wafer size
- 2 inch gallium nitride semiconductor devices
- 4 inch gallium nitride semiconductor devices
- 6 inch gallium nitride semiconductor devices
- 8 inch gallium nitride semiconductor devices
- For final use
- Automotive gallium nitride semiconductor devices
- Gallium nitride semiconductor devices for consumer electronics
- Gallium nitride semiconductor devices for defense and aerospace
- Gallium nitride semiconductor devices for healthcare
- Gallium nitride semiconductor devices for industry and energy
- Gallium nitride semiconductor devices for information and communication technology
- Gallium nitride semiconductor devices for other end uses
What do you get in a Fact.MR study?
- Factors affecting the overall development of the global Gallium Nitride Semiconductor Devices market
- Factor that may restrain the growth of the global market in the coming years of the forecast period.
- What is the current competitive scenario of the global Gallium Nitride Semiconductor Devices market and its intricate details regarding the potential business prospects of the key market players
- Pricing strategies of different global Gallium Nitride Semiconductor Devices market players
Regional analysis includes
- North America (USA, Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS and Russia
- Asia Pacific Ex-Japan (Greater China, India, South Korea, ASEAN Countries, Rest of EPAJ)
How does Fact.MR help you make strategic moves?
The data provided in the Gallium Nitride Semiconductor Devices Market report offers a comprehensive analysis of the important trends in the industry. Business traders can use this data to plan their potential business moves and make substantial income in the upcoming period.
The report covers the analysis of the price trend and the analysis of the value chain along with the analysis of the diversified supply by the market players. The main reason for this report is to help companies make data-driven decisions and strategize their business moves.
The competitive landscape of the Gallium Nitride Semiconductor Devices market is shaped by product innovation and strategic mergers and acquisitions. The front runners are emphasizing capacity improvements and expanding global footprint to capitalize on lucrative prospects in developing economies.
- In February 2021, Efficient Power Conversion Corporation launched EPC9157, which integrated Renesas ISL 81806 with EPC2218 eGAN to achieve more than 90% efficiency. Renesas ISL 81806 utilized the high performance of GaN to enable high-power solutions and reduce BOM costs, while also making the design simple and similar to using silicon-made FETs.