Published: April 2022 | Report Code: 12305 | Available Format: PDF
The gallium nitride semiconductor devices market accounted for $12,084.6 million revenue in 2021, and it is projected to foster at a CAGR of 22.1% during 2021–2030. The advantages like higher energy efficiency, faster device speed, and lower costs offered by GaN semiconductor devices over silicon semiconductor devices, such as computers, smartphones, televisions, and cameras, are likely to behold the market progress. In addition, the market is likely to be influenced by the increasing number of robot shipments, globally. For instance, the sales of robotic units reached around 600 thousand in 2022 from 500 thousand in 2020.
A key trend observed in the market is the emergence of 5G technology. This new technology for mobile cellular networks is transforming the wireless communication sector. There is an enormous demand for wireless data bandwidth, due to the rising mobile data consumption, which is putting a huge strain on networks for the availability of wireless spectrum.
The opto-semiconductors category generated the largest revenue, of around $5.0 billion, in 2021. This is because these semiconductors have several applications, largely in the sectors of aerospace & defense and consumer electronics, for devices such as photodiodes, LEDs, lasers, optoelectronics, and solar cells. Likewise, the utilization of these semiconductors in the automotive sector for indoor and outdoor lights, automotive lights, and pulse-powered laser systems, is increasing, which drives the market growth in this category.
The power IC category is accountable for the majority of the gallium nitride semiconductor devices market share, and it is expected to maintain its dominance in the foreseeable future as well. The need for GaN-based power ICs is increasing, due to their features, including collision avoidance, efficient navigation, and real-time air traffic control. Furthermore, top manufacturers are exceedingly focusing on the advancement of power ICs for automotive and telecom applications, which are strengthening their demand in the market.
The 6-inch category is expected to witness the highest CAGR, of around 25%, in the coming years. This can be ascribed to the advantages of the 6-inch GaN semiconductors, such as precise current control and uniform voltage supply, which lead to their rising applications for automotive collision-avoidance devices, power amplifiers of wireless cellular base stations, and defense equipment, in the automotive, consumer electronics, and defense sectors.
Market Size in 2021
Revenue Forecast in 2030
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
By Product Type; By Component; By Wafer Size; By End Use; By Region
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The application of GaN semiconductor devices in the defense and aerospace industry is increasing at the highest rate, as these devices improve data transmission and execution dependability in armed services, communications, and radars. Moreover, GaN ICs are widely used in radars to facilitate collision resistance policy, empower efficient navigation, and enable real-time air traffic surveillance. Also, these semiconductors are widely used in military jammers and terrestrial radios.
In 2021, North America accounted for the largest revenue share of the gallium nitride semiconductor devices market, and it is expected to generate around $26 billion revenue by 2030. This is owing to the rising internet penetration and the massive adoption of smartphones. It has been projected that the 5G network would cover more than half of the region by 2030. Moreover, mobile operators are heavily investing in content and media capabilities, along with 5G services and IoT applications.
In addition, licensed cellular IoT is gaining momentum in the region, with the total connections expected to surpass 930 million by 2025. Furthermore, at the end of 2019, North America reported a total of 587,000 5G connections, which is projected to reach 202 million by 2022. This can be majorly attributed to the rising adoption of 5G technology, primarily in the U.S. The growth in the market can also be attributed to the upgradation of large and ultra-large data centers, from 10 G transceivers to new 40 G and 100 G transceivers, for higher digital signal transmission speed.
The increasing demand for energy-efficient GaN components and power semiconductors in wired communications will drive the market progress. Internet service providers are primarily focused on incorporating high capacity, ubiquitous connectivity, and low-latency networks using optical cables in the telecommunication sector, which may lead to the expansion of this sector. Moreover, the GaN-based semiconductors also enable greater power efficiency at a lower cost, which results in the rising usage of GaN semiconductor devices in the commercial sector.
Moreover, major players in the telecommunication sector are involved in research activities to build, improve, and deploy the 5G technology across the world. For instance, in March 2021, Nokia Corporation entered into a five-year agreement with AT&T Inc. to deploy the mobile operator’s 5G in C-Band spectrum in the U.S.
The rise in EVs demand around the world would proliferate the sales of GaN semiconductor devices. Semiconductor manufacturers are making efforts to increase the production of advanced GaN systems for EVs. For instance:
Key players in the gallium nitride semiconductor devices market have been highly involved in product launches and approvals to meet the competitive edge. For instance:
The research offers market size of the global GaN semiconductor devices market for the period 2017–2030.
Based on Product Type
Based on Component
Based on Wafer Size
Based on End Use
During 2021–2030, the growth rate of the gallium nitride semiconductor devices market will be 22.1%.
In 2021, the size of the gallium nitride semiconductor devices market stood at $12,084.6 million.
North America is the biggest market for gallium nitride semiconductor devices.
Top players in the gallium nitride semiconductor devices market include GaN Systems Inc., Efficient Power Conversion Corporation, Freescale Semiconductor Inc., Toshiba Corporation, Texas Instruments Inc., Infineon Technologies AG, NexGen Power Systems Inc., NXP Semiconductor N.V., Qorvo Inc., and Fujitsu Ltd.
4-inch is the leading category of the wafer size segment in the gallium nitride semiconductor devices market.
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