This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy

Gallium Nitride Semiconductor Devices Market

Gallium Nitride Semiconductor Devices Market

Gallium Nitride Semiconductor Devices Market Analysis by Product (GaN Radio Frequency Devices, Gallium Nitride Opto-semiconductor Devices), by Component, by Wafer Size, by End Use & Regional Forecast 2022-2032

Gallium Nitride Semiconductor Devices Market
FACT7137MR

Gallium Nitride Semiconductor Devices Market Outlook (2022-2032)

The gallium nitride semiconductor devices market has garnered a market value of US$ 1.23 Bn in 2022, anticipated to register a positive CAGR of 23% in the forecast period 2022-2032 and reach a value of US$ 11.99 Bn.

Report Attributes

Details

Gallium Nitride Semiconductor Devices Market Size (2022)

US$ 1.23 Bn

Sales Forecast for Gallium Nitride Semiconductor Devices (2032)

US$ 11.99 Bn

Global Market Growth Rate (2022 to 2032)

23% CAGR

Key Companies Profiled

  • Cree Inc.
  • Efficient Power Conversion Corporation
  • FUJITSU
  • GaN Systems
  • NexgenPowerSystems
  • NXP Semiconductor
  • Qorvo Inc.
  • Texas Instruments Incorporated
  • Toshiba Corporation

Demand Analysis of Gallium Nitride Semiconductor Devices from 2015-2021 Vs Future Outlook 2022-2032

From 2015 to 2021, the global gallium nitride semiconductor devices market registered significant gains, reaching a valuation of US $ 1 Bn 2021. According to Fact.MR- a market research and competitive intelligence provider- sales of gallium nitride semiconductor devices flourished at a CAGR of 18% during the historical period.

The growth of the market can be attributed to the advantages offered by GaN semiconductor devices over silicon devices. Silicon materials have been used for manufacturing electronic devices such as smartphones, computers, cameras, and televisions. During the COVID-19 pandemic, prospects for gallium nitride semiconductor devices registered multiple fluctuations, initially experiencing a downturn amid mandatory lockdowns and then eventually regaining pace.

However, the slowdown in potential innovative properties of silicon created an opportunity for GaN semiconductor devices, which are 100 times faster than silicon. The advantages offered by GaN over silicon devices include higher energy efficiency, lower costs, and faster device speed, among others. Considering these factors, the market is projected to witness high growth over the coming years, registering a CAGR of 23% to each US$ 11.99 Bn by 2032.

Avail customized purchase options for your needs

What is driving the Market Demand for Gallium Nitride Semiconductor Devices?

High Proliferation of Electric Vehicles to Provide Ample Growth Opportunities

The growing number of electric vehicles worldwide is anticipated to drive the market. This is because GaN enables automakers to reduce vehicle charging time, improve cost efficiency, increase power density, and enhance driving range.

Various companies are thereby making efforts to provide GaN systems for Electric Vehicles (EV). For instance, in November 2021, GaN Systems, a GaN power semiconductors provider, announced its partnership with Universal Scientific Industrial Co., Ltd (USI), a subsidiary of ASE Technologies. The partnership was aimed toward developing GaN power modules for the EV market.

Increased Venture Capital Funding Providing Opportunities for Key Manufacturers to Flourish

Various GaN semiconductor device manufacturers receive funding from venture capital companies, which helps them to enhance their offerings and market position. For instance, in November 2021, GaN Systems, a power chip maker, announced that it raised USD 150 million in a funding round.

The company used this funding to accelerate the adoption and innovation of GaN technology across its consumer, automotive, industrial, and enterprise markets. Additionally, in February 2021, Cambridge GaN Devices, a fabless semiconductor company, raised USD 9.5 million in a Series A round. The company used the funding to expand its GaN product portfolio.

Extensive Deployment of 5G Infrastructure, Automation to Drive Growth

The demand for GaN in 5G multi-chip modules is growing for energy-efficient mobile networks. Therefore, various semiconductor companies are making efforts to integrate GaN in 5G multi-chip modules. For instance, in June 2021, NXP Semiconductors announced the integration of GaN technology into its multi-chip module. The use of GaN in multi-chip modules increased the efficiency to higher than the company’s previous module.

The growing shipments of robots worldwide are also expected to drive the market. GaN is used for servo drives for motion control and robotics. According to the statistics provided by the International Federation of Robotics, there will be an increase in yearly robotic unit sales from 465 thousand units in 2020 to 584 thousand units in 2022.

The increasing need for automation in the manufacturing process and advancements in technology are some of the factors expected to drive the sales of robot units over the forecast period.

Country-wise Analysis

How is the United States Propelling the Demand for gallium nitride semiconductor devices?

High Deployment in Aerospace to Widen Adoption

The United States dominates the market with 30% of the revenue share. The increasing investments from the defense and aerospace industry in research & development are fueling the market growth in the region. Furthermore, funding provided by government bodies to semiconductor companies is expected to drive the market in the region.

For instance, U.S. Lawmakers introduced a bill in June 2020 to provide more than USD 22.8 billion in support for semiconductor manufacturers. The bill was aimed toward spurring the construction of chip factories in the U.S.

What Drives Demand for gallium nitride semiconductor devices in Asia Pacific Countries?

Increased Requirement of high-performance RF Components

The Asia Pacific regional market is expected to emerge as the fastest-growing regional market over the forecast period, flourishing at a CAGR of 19%, owing to the rapid technological advancements that are leading to the increased demand for efficient and high-performance RF components.

This is a key factor boosting the growth of the regional market. The growing defense budget in countries such as China, India, and South Korea has resulted in the increased demand for robust communication devices, which is expected to drive the demand for GaN-based RF devices.

The significant increase in the adoption of wireless electronic devices and the proliferation of telecommunication infrastructure in the Asia Pacific region are further driving the market.

An Adaptive Approach to Modern-day Research Needs

Category-wise Insights

Which Product Type Leads the Market?

Sales of Opto-Semiconductor based devices to Proliferate

The opto-semiconductors segment is expected to dominate the market in 2022. accounting for more than 35% share of the global revenue during the forecast period. This can be largely attributed to the application of opto-semiconductors in devices such as LEDs, solar cells, photodiodes, lasers, and optoelectronics.

The automotive sector is increasingly utilizing opto-semiconductors in automotive lights, indoor and outdoor lighting, and pulse-powered laser. This is subsequently propelling the adoption of opto-semiconductors in the automotive and consumer electronics industries. Furthermore, opto-semiconductors are being widely used in applications such as Light Detection and Ranging (LiDAR) and pulsed laser, which bodes well for the growth of the segment.

Which Component is projected to Get Traction in the Market?

Over 1/3rd of GaN Semiconductor Devices to be Transistor-based

The transistor segment accounts for more than 35% share of the global revenue. In recent years, there has been increasing adoption of GaN-based power transistors and 4G technology-enabled devices, resulting in the increased demand for high-power transistors for base stations used in the telecommunication sector. Compared to silicon-based transistors, GaN-based transistors are efficient and functional at high power density and high switch frequency, resulting in a greater share of the transistor segment in 2022.

Furthermore, the increasing adoption of GaN transistors such as Field Effect Transistor (FET) and Insulated Gate Bipolar Transistors (IGBT) in propulsion systems for electric and hybrid vehicles has fueled the segment growth. Moreover, companies such as NXP Semiconductors; Qorvo, Inc.; and Cree, Inc. are focusing on the development of GaN-based RF power transistors, which bodes well for the segment growth.

Which Size of Wafer Turns Out Highly Lucrative?

4-inch GaN Semiconductor Devices to Remain most Sought After

The 4-inch segment accounts for more than 35% share of the global revenue. This is because 4-inch wafers facilitate the large-scale production of semiconductor devices. The implementation of 4-inch wafers is increasing rapidly as these wafers help overcome the limitations of 2-inch wafers and are widely used in semiconductor product-based industries.

Furthermore, the increasing demand for gallium nitride devices with 4-inch wafers in high-power amplifiers, optoelectronics devices, telecom frontends, and high-temperature devices is driving the segment. Moreover, the suitability of a 4-inch substrate for space communication applications owing to its radiation-hardened properties is anticipated to be a key factor influencing the segment growth.

Which End-User is Prominently Adding to the Overall Market Growth?

Deployment of GaN Semiconductor Devices to be Maximum in the ICT Domain

The Information & Communication Technology (ICT) segment dominated the market in 2021 and accounted for more than 20% share of the global revenue. The segment growth can be attributed to the increasing adoption of Internet-of-Things (IoT) technology globally. IoT devices demand efficient and cost-effective components that facilitate a constant exchange of information.

GaN-based semiconductors are expected to suffice low power consumption and high-efficiency requirements for the proper functioning of IoT-enabled products. Additionally, these semiconductors are widely used in Distributed Antenna Systems (DAS), small cell, and remote radio head network densification.

Competitive Landscape

The competitive landscape of the gallium nitride semiconductor devices market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. 

  • In February 2021, Efficient Power Conversion Corporation launched EPC9157, which integrated Renesas ISL 81806 with EPC2218 eGAN to achieve more than 90% efficiency. Renesas ISL 81806 used the high performance of GaN to enable high-power solutions and reduce BOM cost, additionally making the design simple and similar to using silicon-built FETs.

Interested to Procure The Data

Gallium Nitride Semiconductor Devices Market Report Scope

Report Attributes

Details

Forecast Period

2022-2032

Historical Data Available for

2015-2021

Market Analysis

US$ Mn for Value 

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • BENELUX
  • Nordics
  • China
  • Japan
  • South Korea
  • Brazil
  • Mexico
  • GCC
  • Turkey
  • South Africa

Key Market Segments Covered

  • Product
  • Component
  • Wafer size
  • End-use
  • Region

Key Market Segments in Gallium Nitride Semiconductor Devices Industry Research

  • By Product

    • GaN Radio Frequency Devices
    • Gallium Nitride Opto-semiconductor Devices
    • Gallium Nitride Power Semiconductor Devices
  • By Component

    • Gallium Nitride Semiconductor Transistor
    • Gallium Nitride Semiconductor Diode
    • Gallium Nitride Semiconductor Rectifier
    • Gallium Nitride Semiconductor Power IC
    • Other Gallium Nitride Semiconductor Components
  • By Wafer Size

    • 2-inch Gallium Nitride Semiconductor Devices
    • 4-inch Gallium Nitride Semiconductor Devices
    • 6-inch Gallium Nitride Semiconductor Devices
    • 8-inch Gallium Nitride Semiconductor Devices
  • By End Use

    • Gallium Nitride Semiconductor Devices for Automotive
    • Gallium Nitride Semiconductor Devices for Consumer Electronics
    • Gallium Nitride Semiconductor Devices for Defense & Aerospace
    • Gallium Nitride Semiconductor Devices for Healthcare
    • Gallium Nitride Semiconductor Devices for Industrial & Power
    • Gallium Nitride Semiconductor Devices for Information & Communication Technology
    • Gallium Nitride Semiconductor Devices for Other End Uses

- FAQs -

Fact.MR’s expects the market for gallium nitride semiconductor devices to grow at s 23% value CAGR from 2022 to 2032.
From 2015 to 2021, gallium nitride semiconductor device sales surged at a CAGR of 18%
The global gallium nitride semiconductor devices market is expected to reach US$ 1.23 Bn in 2022
According to Fact.MR, sales of GaN semiconductor devices are expected to flourish at a CAGR of 23% until 2032
The market for gallium nitride semiconductor devices is expected to be valued at US$ 11.99 Bn in 2032
The Information & Communication Technology (ICT) segment dominates the market accounting for more than 20% share of the global revenue
Across North America, demand for GaN semiconductor devices will account for 30% of the global market

Need an Exclusive Report for your Unique Requirement?

- Our Clients -

Report Client