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.
For more valuable information on the contribution of each dopant to the global gallium oxide substrate market value, ask an expert analyst
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.
For more valuable insights on regional markets for gallium oxide substrates, request a report sample
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
“Gallium oxide substrate will experience high application in visible/ ultraviolet LEDs in the next decade.”
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- Scope of Report
A recent study by Fact.MR on the gallium oxide substrate market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of gallium oxide substrate market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of gallium oxide substrates. The study also provides the dynamics that are responsible for influencing the future status of the gallium oxide substrate market over the forecast period.
A detailed assessment of gallium oxide substrate value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the gallium oxide substrate market, along with their product portfolios, enhances the reliability of this comprehensive research study.
Gallium Oxide Substrate Market: Report Summary
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the gallium oxide substrate market across the globe.
A comprehensive estimate on the gallium oxide substrate market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of gallium oxide substrates during the forecast period. Price point comparison by region with global average price is also considered in the study.
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.
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Gallium Oxide Substrate Market: Analysis on Market Size Evaluation
The gallium oxide substrate market has been analyzed for each market segment in terms of volume (Units) and value (US$ Th).
Market estimates at global and regional levels for gallium oxide substrates are available in terms of “US$ Th” for value and in “Units” for volume. A Y-o-Y growth contrast on prominent gallium oxide substrate market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global gallium oxide substrate market.
Gallium Oxide Substrate Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the gallium oxide substrate market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of gallium oxide substrate market during the forecast period.
Country-specific valuation on demand for gallium oxide substrates has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Gallium Oxide Substrate Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of gallium oxide substrates, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of gallium oxide substrates has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the gallium oxide substrate market. Prominent companies operating in the global gallium oxide substrate market include Tamura Corporation, Novel Crystal Technology, and Kyma Technologies Inc.
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Gallium Oxide Substrate Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030