Gallium Nitride Market to Profit from Its Cost-Affordable Features
Gallium Nitride Market Overview:
Gallium nitride (GaN) is a hard material with a Wurtzite crystal structure that has substantial impact in the electronics industry. It is quite known for its use in semiconductors, radio frequency (RF) components, and light emitting devices (LEDs). Such a wide range of application is expected to trigger the global gallium nitride market growth in terms of value and volume during the forecast period (2017-2023). Market Research Future (MRFR) in a extensive study reveals that the possibility of surpassing the expected market valuation is quite high.
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Myriad industries like automotive, consumer electronics, defense & aerospace, and others are expected to gain from gallium nitride’s power efficiency, smarter energy consumption, and eco-friendly luminosity. This would for sure take the gallium nitride market ahead. However, the limited availability of the gallium nitride can restrain the global growth rate.
MRFR’s well-studied report on the global gallium nitride market reveals scopes for further market expansion upon a segmentation conducted by type and end-use industry. This segmentation has been amply backed by volume-wise and value-wise data analysis.
By type, the GaN market can be segmented into p-type and n-type. The n-type has better access to the market as a whole for its easy availability and cheap cost. The production process of the p-type GaN is quite complicated due to which easy growth of this segment is quite out of reach.
Based on end-user industries, the gallium nitride market has substantial market in the automotive, consumer electronics, industrial & power, defense & aerospace, healthcare, and others. The automotive industry has the lead as electric vehicles are quite known for their extensive use of gallium nitride. The consumer electronics segment of the market is also capable of increasing their profit substantially
MRFR’s take on the gallium nitride market has under its purview five different regions namely, Asia Pacific (APAC), Europe, Latin America, North America, and the Middle East & Africa (MEA). Such an analysis targets the geographical analysis of regions to understand growth potentials of diverse regions.
North America has the global lead in the market due to the substantial revenue being generated by countries like the US and Canada. People residing in these two countries prefer a fast-paced, sophisticate life, which is expected to drive the regional market growth ahead. Integration of LEDs is rising in diverse sectors, such as television, computers, laptops, and gaming devices would surely trigger the market growth.
Europe’s market is expected to make it big after being recognized as ‘key enabling technology’ by the European Space Agency (ESA) for space and founded GREAT2 (GaN reliability enhancement and technology transfer) to promote technological innovations.
The APAC market is expected to be the fastest among the peers in terms of rising. Several factors like better efficiency, high performance, cheap RF electronics, and easy access to raw material suppliers may promote the market for a better growth. Countries like China, India, and Japan are expected to register high sales rate in the coming years. South Korea, Taiwan, and Australia can take part in the growth process as well.
Multiple companies are showing great interest in the global gallium nitride market. These companies have been included in the report made by MRFR. MRFR profiled them for a better analysis of trends. These companies are VisIC (Israel), Cree Inc. (the U.S), FUJITSU (Japan), GaN systems (Canada), IQE plc (U.K), Efficient Power Conversion Corporation (the U.S), Infineon Technologies Ag (Germany), Koninklijke Philips N.V. (the Netherlands), ON Semiconductor (the U.S), Mitsubishi Chemical Corporation (Japan), Panasonic Corporation (Japan), Taiwan Semiconductor Manufacturing Company (Taiwan), TOSHIBA CORPORATION (Japan), Texas Instruments Incorporated (the U.S), and Nippon Telegraph and Telephone Corporation (Japan).
In July 2019, Transphorm Inc., a company that has a made a name for itself in the gallium nitride semiconductor category, announced that it had won a contract from the U.S. Department of Defense (DoD) Office of Naval Research (ONR) worth of USD 18.5 million dollar to create a domestic resource base for that.
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LIST OF TABLES
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Gallium Nitride Market: By Region, 2016-2023
Table 3 North America Gallium Nitride Market: By Country, 2016-2023
Table 4 Europe Gallium Nitride Market: By Country, 2016-2023
Table 5 Asia-Pacific Gallium Nitride Market: By Country, 2016-2023
Table 7 Middle East & Africa Gallium Nitride Market: By Country, 2016-2023
Table 6 Latin America Gallium Nitride Market: By Country, 2016-2023
Table 8 Global Gallium Nitride By Types Market: By Regions, 2016-2023
Table 9 North America Gallium Nitride By Types Market: By Country, 2016-2023
Table 10 Europe Gallium Nitride By Types Market: By Country, 2016-2023
Table11 Asia-Pacific Gallium Nitride By Types Market: By Country, 2016-2023
LIST OF FIGURES:
FIGURE 1 Global Gallium Nitride Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Gallium Nitride Market
FIGURE 4 Value Chain Of Global Gallium Nitride Market
FIGURE 5 Share Of Global Gallium Nitride Market In 2016, By Country (In %)
FIGURE 6 Global Gallium Nitride Market, 2016-2023,
FIGURE 7 Sub Segments Of Type
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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