Gallium Oxide Substrate Market Analysis Report By Dopant (Sn, Fe), By Application (Visible/ Ultraviolet LEDs, Power Semiconductors,Ultraviolet Detectors), By Region (North America, Europe, Asia Pacific, Rest of the World) - Global Market Insights 2020 to 2030

Gallium Oxide Substrate Market: About the Report

Rapidly growing demand for gallium oxide substrate, especially from the semiconductor and electronics industry, is set to lead to robust market growth over the next ten years. The automotive and aerospace industry too will provide some impetus to market growth over the coming years.

Tin dopants will be much sought-after in this extremely consolidated market space. Fact.MR’s report further elaborates on how the COVID-19 pandemic will affect the growth of the gallium oxide substrate market in the short term, and what the long-term prospects look like. With a flourishing semiconductor and electronics industry, Asia Pacific will lead market growth through 2030.

Gallium Oxide Substrate Market Overview

The global gallium oxide substrate market has witnessed healthy growth at a CAGR of 8.1% over the past half-decade. Although substrate formation is dependent on raw materials such as bauxite, coal, and sulphidic zinc ores, prices of substrate may vary according to their availability.

As China is the leading producer of coal across regions, any trade war or insecurity in trade relations may lead to price fluctuation. For instance, during the COVID-19 lockdown, China was initially the most affected country, and the prices of coal spiked up to 25%, which hampered many sectors, including the substrate market. Now China has almost recovered and the market is set to swell 2.5X over the long-term forecast period.

Gallium Oxide Substrate Market Insights by Dopant

Dopants are deliberately added to other materials or compounds, or in other words, this is an impurity that is added into a chemical material for attaining the desired electrical semiconductor properties and characteristics.

Tin- and iron-based dopants are mostly used in gallium oxide substrates for doping. Further, they are mostly used in research & development activities. Tin dopants are currently holding more than half of the gallium oxide substrate market share, and this share is expected to increase over the forecast period.

Gallium Oxide Substrate Market Insights by Application

Gallium oxide substrates are significantly used in visible/ ultraviolet LEDs, power semiconductors, and ultraviolet detectors. Among them, the visible ultraviolet LEDs segment is expected to hold more than half the market value share. As the number of uses of visible/ ultraviolet LEDs is increasing - for example in purification systems, healthcare labs, forensic labs, etc. - demand for the substrate is also expected to increase in parallel lines.

Regional Outlook of Gallium Oxide Substrate Market

Asia Pacific is holding more than 80% of the global gallium oxide substrate market share among all regions. As Taiwan is exceedingly progressing in semiconductors with advanced technological processes, demand for gallium oxide substrate is expected to increase further over the coming years. Next comes North America, which holds a share of around 8%.

Although only three players are present in the market, among which, one of them is in North America - Kyma Technologies Inc. – the company has recently entered the gallium oxide substrate market and will take some time to compete with other major players. Europe and the Rest of the World hold very low shares currently in the global gallium oxide substrate market.

In the long-run forecast period, Asia Pacific is expected to remain a prominent region in gallium oxide substrate market.

Gallium Oxide Substrate Market Manufacturers: Key Strategies

The global gallium oxide substrate market has only three players - Tamura Corporation, Novel Crystal Technology, and Kyma Technologies Inc. Tamura and Novel Crystal hold major shares in this market space, as Kyma has recently entered into the market. Tamura Corporation, in particular, holds a major share in the market, as it provides substrates to the U.S. navy for research & development purposes.

The Analyst’s Viewpoint

COVID-19 Impact on Gallium Oxide Substrate Market

The coronavirus pandemic has severely affected business lines and operations across the globe. During the initial phase of the pandemic, the gallium oxide substrate market faced a shortage of raw materials such as coal. East Asian countries such as China, a major producer of coal, were majorly affected by the pandemic, which led to increase in prices of coal, thereby majorly affecting the market.

However, China has recovered fast from the adverse effects of the pandemic. Price fluctuations in raw materials during the pandemic have hampered the growth of the gallium oxide substrate market, especially in Q2. Currently, the market is in a recovery phase, and is expected to expand its potential in the long run.

Gallium Oxide Substrate Market: Segmentation

Fact.MR has studied the gallium oxide substrate market with detailed segmentation on the basis of dopant, application, and key regions.

• By Dopant :

  • Sn
  • Fe
  • Others

• By Application :

  • Visible/ Ultraviolet LEDs
  • Power Semiconductors
  • Ultraviolet Detectors

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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