Gallium Oxide Market

Gallium Oxide Market Outlook (2023 to 2033)

The global gallium oxide market is valued at US$ 1.2 million in 2023 and is forecasted to expand at an astronomical 44.1% CAGR over the next ten years. As a result, worldwide gallium oxide demand is predicted to reach a market value of US$ 46.5 million by the end of 2033.

Gallium oxide is an inorganic chemical compound popularly known for its wide bandgap of around 4.8 eV, which makes it a highly preferable choice for electronic device manufacturers looking to make their devices thinner and more efficient than before. Ga2O3 is the molecular formula of gallium oxide and has a 2:3 stoichiometric ratio.

Widening scope of gallium oxide applications in the semiconductor industry is the primary driver that is projected to bolster global market development over the next ten years and beyond. Growing demand for high-voltage power electronics from industry verticals such as energy, automotive, etc. is also favoring market growth.

β-gallium oxide is projected to be used extensively in almost all industry verticals owing to its superior material properties as compared to α-gallium oxide with the main advantage being the 4.5 eV bandgap.

• Demand for β-gallium oxide in the global gallium oxide marketplace accounts for around 60% of volume share in 2023.

On the contrary, the high gallium oxide production costs and the need for expensive advanced technologies in the manufacturing process are predicted to be key restraints impeding global market growth through 2033.

An in-depth account of gallium oxide market trends such as local supply, pricing trends, product standards, safety regulations, and new developments has been discussed extensively in this gallium oxide market research study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Report Attributes	Details
Gallium Oxide Market Size (2023)	US$ 1.2 Million
Projected Market Value (2033F)	US$ 46.5 Million
Global Market Growth Rate (2023 to 2033)	44.1% CAGR
β-Gallium Oxide Market Share (2023)	60%
Asia Pacific Market Share (2023)	>50%
Key Companies Profiled	Chalco NANJING JINMEI GALLIUM CO. LTD. AGC Inc. FLOSFIA Inc. Liche Opto Co. Ltd. Neo Performance Materials Strem Chemicals Inc. Vital Materials Co. Super Conductor Materials Inc. Nanoshell LLC Nippon Rare Metal Inc. Saint-Gobain

How Can New Gallium Oxide Manufacturers Make a Mark in This Business?

“Production Innovation Using Gallium Oxide Essential for New Companies”

Use of gallium oxide in certain applications and industries is a relatively new concept to the world, which is why the technology associated with gallium oxide is often referred to in its nascent stages. Incoming gallium oxide companies looking to make a name for themselves in this space must invest heavily in gallium oxide research and development to create innovative offerings that allow them to stand out from the crowd.

New gallium oxide companies can collaborate or merge with established market players to amplify their scale of business and sustain in this competitive landscape.

• In July 2023, Mitsubishi Electric Corp., a leading Japanese provider of electronics, announced that it had taken an undisclosed equity stake in Novel Crystal Technology (NCT), a start-up founded in 2015 that sells gallium oxide wafers. Through this move, Mitsubishi Electric intended to accelerate the development of GaO power semiconductors by combining its expertise and the NCTs as well.

What Makes the Asia Pacific Region a Highly Bankable Market?

“Robust Semiconductor Manufacturing and High Demand for Power Electronics”

The Asia Pacific region is home to the leading semiconductor suppliers such as China and Japan, which drives the demand for gallium oxide in this region primarily. The world is going electric and it cannot do that without chips and electronics. China being the leading producer of semiconductors and chips in the world automatically becomes a highly rewarding market for gallium oxide distributors.

• Gallium oxide sales in the Asia Pacific region account for more than 50% of the global market revenue share at present.

Efforts of China to remain the dominant supplier of chips and electronics in the world have major repercussions on the global demand for gallium oxide. The trade war between China and the United States has been going on for quite a while now and as the countries tussle to control the semiconductor supply chain, they will only create complications for gallium oxide manufacturers and suppliers in the future.

• The Chinese commerce ministry imposed new restrictions on the export of germanium and gallium from the country starting from 1st August 2023. The new mandates require exporters to identify importers and reveal how end users will be using these materials. The restrictions came after the imposition of similar regulations by the United States for exports of chips and semiconductors to China.

Increasing focus on semiconductor manufacturing in Japan, India, and South Korea are also projected to open up new avenues of opportunities for suppliers of gallium oxide epiwafers, gallium oxide nanowires, gallium oxide thin films, gallium oxide RF devices, gallium oxide sensors, and other gallium oxide products in the long run. Expansion of the oil & gas sector in the APAC region is also projected to uplift demand for gas sensors going forward thereby promulgating sales of gallium oxide as well.

Country-wise Insights

Asian countries lead the way when it comes to gallium oxide tech, but companies looking to diversify their business and steer clear from intense competition can target the United States, Germany, France, and the United Kingdom to amplify their revenue generation potential.

Which Company is Defining the Gallium Oxide Space in the United States?

“Kyma Technologies Leading Gallium Oxide Innovation Charge”

The United States is popularly known as the early adopter of almost all novel technologies but the country has lagged when it comes to gallium oxide-powered devices. However, the country is now catching up as it identifies the potential that this technology has to change the digital world as we know it.

• In August 2022, a ruling that identified gallium oxide substrates as a ‘foundational technology essential to the national security of the United States’ was made by the Bureau of Industry and Security (BIS) of the United States Department of Commerce.

Kyma Technologies is a leading company in the United States that is focused on research of wide bandgap semiconductors and other power electronics. The company currently offers one-inch gallium oxide substrates and other gallium nitride products. With the United States Department of Defense holding a stake in Kyma, it is projected to set the tone of the gallium oxide market in the country through 2033.

Where Will Most Gallium Oxide Devices Be Used in Europe?

“Automotive Sector to Spearhead Sales of Gallium Oxide in Europe”

Europe is home to some of the most prominent and respectable names in the global automotive industry and this coupled with robust automotive manufacturing activity is projected to bolster shipments of gallium oxide over the coming years. Gallium oxide production in European countries is slated to be fueled by rising demand for gallium oxide transistors, gallium oxide LEDs, and gallium oxide power electronics.

Increasing focus on sustainability has propelled the popularity of electric vehicles (EVs) and the growing use of gallium oxide devices in EVs to improve their efficiency and performance are forecasted to offer new business opportunities for gallium oxide suppliers going forward. Germany, Italy, and France are estimated to emerge as rewarding markets in Europe across the study period.

Category-wise Insights

Gallium oxide companies should focus on creating products for power and high-voltage applications to get the best returns on their investments in the future.

Where Will Demand for Gallium Oxide Shine Bright?

“Power & High Voltage Devices to Lead Global Market Growth”

High bandgap provided by gallium oxide is the major strength that makes it highly desirable in the production of power and high-voltage devices. The use of gallium oxide in semiconductors and power devices has been shown to improve performance and advancements in the electronics world will only widen the scope of application for gallium oxide companies.

Increasing investments in R&D efforts to know more about the capabilities of gallium oxide and widen its scope of application are also predicted to uplift its adoption in the overall electronics highlighted by its use in high-voltage devices. Growing demand for thinner designs with higher power density in different industries will also create an opportune scenario for gallium oxide suppliers in the long run.

Competitive Landscape

Leading gallium oxide companies are investing in the production of new gallium oxide power devices designed for specific applications of different industry verticals.

• In 2022, Flosfia, a company founded in 2011 and spun off from Kyoto University, Japan, announced its plans to start the production of power semiconductor devices for automotive applications that use gallium oxide. The company claims that these semiconductors can reduce electric vehicle power consumption by around 10% and power loss by around 70%.

Key Segments of Gallium Oxide Market Research

• By Grade :

  • 4N
  • 5N
  • 6N & Above

• By Product Type :

  • α-Gallium Oxide
  • β-Gallium Oxide

• By Application :

  • Gallium Oxide Substrates
  • Others

• By Production Method :

  • Molecular Beam Epitaxy
  • Chemical Vapor Deposition
  • Chemical Synthesis
  • Thermal Vaporization & Sublimation
  • Others

• By End Use :

  • Power & High Voltage Devices
  • Electroluminescent Devices
  • Gas Sensors
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA