GaN Semiconductor Devices Market To Generate $72,813.1 Million Revenue by 2030

The global gallium nitride semiconductor devices market is projected to generate $72,813.1 million revenue by 2030, advancing at a CAGR of 22.1% during 2021–2030. The performance advantages over their silicon counterparts, such as high-power density, operating at a higher temperature, high frequency, and higher operating voltage, are driving the demand for GaN semiconductor devices. Moreover, the surging penetration of GaN in RF power applications is also likely to the intensification the market growth.

However, the COVID-19 pandemic impacted the operations of GaN semiconductor manufacturing companies, including production, supply, and distribution, which reduced the demand for these semiconductors.

4-Inch Wafer Size of Semiconductors Accounts for Prevailing Market Share

Among the different wafer sizes of GaN, the 4-inch category held the largest share in 2021. Moreover, it is also expected to witness the same trend in the near future. The facilitation of the large-scale production of 4-inch wafer-sized semiconductor devices is due to their increasing usage in optoelectronics devices, high-power amplifiers, high-temperature devices, and telecom frontends. Also, due to their radiation-hardened properties, the 4-inch semiconductor devices are suitable for space communication applications, which, in turn, drive the market growth in this category.

Moreover, the GaN radio frequency (RF) devices category is predicted to expand at the highest CAGR, of around 23%, over the forecast period. The rising usage of GaN RF devices in different applications across industries, such as consumer electronics, communication, and defense, results in boosting sales of the devices. These devices are also used in improvised explosive devices (IEDs), vehicle-to-grid communication systems of EVs, and vehicular communication systems, due to their high performance at moderate costs.

Geographically, the APAC gallium nitride semiconductor devices market is expected to observe the fastest growth, advancing at a CAGR of around 23%, during the foreseeable future. This can be attributed to the rapid technological developments of semiconductor devices and the surge in the need for efficient RF components. Moreover, the region has the presence of some of the largest producers of consumer electronics, such as smartphones, LED display devices, and gaming consoles, which drive the demand for GaN semiconductor devices.

Product Launches and Approvals Are Most-Effective Strategic Measures

The top manufacturers of GaN semiconductors have been extensively involved in the product launches and approvals to improve their position. For instance, in December 2021, STMicroelectronics revealed a new product line, namely, STPOWER portfolio of GaN power semiconductors that can significantly reduce energy use and enable slimmer designs in a huge variety of electronic products. These semiconductors can be used in consumer equipment such as LED-lighting drivers, external power adapters for PCs, power supplies, and chargers, inside televisions and home appliances.

Key enterprises 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.