This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The gallium market size has grown exponentially in recent years. It will grow from $2.32 billion in 2024 to $2.91 billion in 2025 at a compound annual growth rate (CAGR) of 25.4%. The growth in the historic period can be attributed to electronics industry, medical applications, solar energy, aerospace and defense.
The gallium market size is expected to see exponential growth in the next few years. It will grow to $6.6 billion in 2029 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to renewable energy, electric vehicles, advanced materials, nanotechnology. Major trends in the forecast period include gallium nitride (gan) dominance, recycling and sustainability, hybrid solar cells, healthcare innovations.
Increasing demand for consumer electronics is expected to drive the growth of the gallium market in the coming years. Gallium is a key component in the production of semiconductors, particularly gallium arsenide (GaAs) and gallium nitride (GaN), which are used in high-speed and high-performance electronic devices. These materials are crucial for applications in devices such as smartphones, LED lighting, and advanced telecommunications. For example, in January 2023, LG, a South Korea-based consumer electronics company, reported a 12.9% increase in sales in 2022, surpassing $52.7 billion. The LG Home Appliance & Air Solution Company also experienced a record-breaking year, with a revenue of $22.5 billion, reflecting a 10.3% growth. This rising demand for consumer electronics is expected to further propel the gallium market.
The growing adoption of 5G infrastructure is expected to drive the expansion of the gallium market. 5G infrastructure includes the hardware and technology needed for the fifth generation of mobile networks, offering faster data speeds, low latency, and the ability to connect many devices at once. The rollout of 5G relies on highly efficient and powerful amplifiers, with gallium-based materials playing a key role in the production of radio frequency (RF) power amplifiers. These amplifiers are essential for boosting signal strength and ensuring transmission over long distances, which is vital for 5G networks. For example, in September 2023, 5G Americas, a US-based industry trade organization, reported that North America's 5G penetration rate had reached an impressive 40%, with a growth rate of 25.5% in the first half of 2023. Furthermore, forecasts suggest that North America's 5G connections will grow to 669 million by 2028. As a result, the increasing adoption of 5G infrastructure is fueling the growth of the gallium market.
Prominent companies operating in the gallium market are prioritizing innovation by introducing advanced product solutions like gallium nitride (GaN) control integrated circuits to enhance their market position. A gallium nitride (GaN) power integrated circuit (IC) consolidates various power electronics functions into a single GaN chip, providing advantages in terms of speed, efficiency, reliability, and cost-effectiveness. For instance, in March 2023, Navitas Semiconductor Corporation, a U.S.-based power-semiconductor company, launched GaNSense Control ICs, a series of gallium nitride (GaN) control integrated circuits designed to enhance performance in rapid chargers, consumer appliances, and server and data center power supplies. These GaN ICs offer significant advantages over conventional high-voltage silicon (Si) processors, delivering up to 20 times the speed and three times the charging capacity in half the size and weight.
In September 2022, Allegro MicroSystems Inc., a U.S.-based provider of sensing and power semiconductor solutions, acquired Heyday Integrated Circuits for an undisclosed sum. This acquisition brings together Heyday's isolated gate drivers and Allegro's isolated current sensors to create compact, high-voltage, and high-efficiency power systems. Furthermore, it enables Allegro to strengthen its presence in potential markets such as electric vehicles (xEV), solar inverters, data centers, and 5G power supplies. Heyday Integrated Circuits is a France-based company known for its development of integrated isolated gate drivers for energy conversion in high-voltage gallium nitride (GaN) and silicon carbide (SiC) wide-bandgap (WBG) semiconductor designs.
Major companies operating in the gallium market are ArcelorMittal SA, BHP Group Limited, Rio Tinto Corp., Thermo Fisher Scientific Inc., Vale SA, Aluminium Corp of China Ltd., Glencore PLC, Sharp Corporation, CMOC Group Limited, Sigma-Aldrich Corporation, Materion Corporation, Nalco Chemical Company, DOWA HOLDINGS CO. Ltd., Indium Corporation, Umicore N.V., China Minmetals Rare Earth Co. Ltd., 5N Plus Inc., Nanjing Jinmei Gallium Co. Ltd., Strem Chemicals Inc., GEO Specialty Chemicals, American Elements Corporation, Zhuzhou Keneng New Material Co. Ltd. Inc., SMI Ltd., Fortis Metals Ltd., Nippon Rare Metal Inc.
North America was the largest region in the gallium market in 2024. The regions covered in gallium report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the gallium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gallium market consists of sales of gallium in soluble form, alloys, high-purity gallium and gallium compounds. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Gallium is a chemical element characterized by its soft, silvery metal properties, and it possesses a melting point just slightly above room temperature. These unique characteristics render it valuable for a wide range of applications across various industries. For instance, it finds use in the electronics sector in semiconductors and light-emitting diodes. Additionally, gallium plays a role in photovoltaic cells for solar panels and heat management systems.
The primary product categories associated with gallium include Gallium Nitride (GaN) radio frequency devices, opto-semiconductors, and power semiconductors. GaN (Gallium Nitride) radio frequency devices encompass semiconductor components designed to amplify and process radio frequency signals, leveraging the distinctive properties of gallium nitride. These components encompass transistors, diodes, rectifiers, power integrated circuits, and more, available in various wafer sizes such as 2-inch, 4-inch, 6-inch, and 8-inch. These products cater to diverse end-user sectors, including automotive, consumer electronics, defense and aerospace, healthcare, industrial and power, information and communication technology, and others.
The gallium market research report is one of a series of new reports that provides gallium market statistics, including gallium industry global market size, regional shares, competitors with a gallium market share, detailed gallium market segments, market trends and opportunities and any further data you may need to thrive in the gallium industry. This gallium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The gallium market size has grown exponentially in recent years. It will grow from $2.32 billion in 2024 to $2.91 billion in 2025 at a compound annual growth rate (CAGR) of 25.4%. The growth in the historic period can be attributed to electronics industry, medical applications, solar energy, aerospace and defense.
The gallium market size is expected to see exponential growth in the next few years. It will grow to $6.6 billion in 2029 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to renewable energy, electric vehicles, advanced materials, nanotechnology. Major trends in the forecast period include gallium nitride (gan) dominance, recycling and sustainability, hybrid solar cells, healthcare innovations.
Increasing demand for consumer electronics is expected to drive the growth of the gallium market in the coming years. Gallium is a key component in the production of semiconductors, particularly gallium arsenide (GaAs) and gallium nitride (GaN), which are used in high-speed and high-performance electronic devices. These materials are crucial for applications in devices such as smartphones, LED lighting, and advanced telecommunications. For example, in January 2023, LG, a South Korea-based consumer electronics company, reported a 12.9% increase in sales in 2022, surpassing $52.7 billion. The LG Home Appliance & Air Solution Company also experienced a record-breaking year, with a revenue of $22.5 billion, reflecting a 10.3% growth. This rising demand for consumer electronics is expected to further propel the gallium market.
The growing adoption of 5G infrastructure is expected to drive the expansion of the gallium market. 5G infrastructure includes the hardware and technology needed for the fifth generation of mobile networks, offering faster data speeds, low latency, and the ability to connect many devices at once. The rollout of 5G relies on highly efficient and powerful amplifiers, with gallium-based materials playing a key role in the production of radio frequency (RF) power amplifiers. These amplifiers are essential for boosting signal strength and ensuring transmission over long distances, which is vital for 5G networks. For example, in September 2023, 5G Americas, a US-based industry trade organization, reported that North America's 5G penetration rate had reached an impressive 40%, with a growth rate of 25.5% in the first half of 2023. Furthermore, forecasts suggest that North America's 5G connections will grow to 669 million by 2028. As a result, the increasing adoption of 5G infrastructure is fueling the growth of the gallium market.
Prominent companies operating in the gallium market are prioritizing innovation by introducing advanced product solutions like gallium nitride (GaN) control integrated circuits to enhance their market position. A gallium nitride (GaN) power integrated circuit (IC) consolidates various power electronics functions into a single GaN chip, providing advantages in terms of speed, efficiency, reliability, and cost-effectiveness. For instance, in March 2023, Navitas Semiconductor Corporation, a U.S.-based power-semiconductor company, launched GaNSense Control ICs, a series of gallium nitride (GaN) control integrated circuits designed to enhance performance in rapid chargers, consumer appliances, and server and data center power supplies. These GaN ICs offer significant advantages over conventional high-voltage silicon (Si) processors, delivering up to 20 times the speed and three times the charging capacity in half the size and weight.
In September 2022, Allegro MicroSystems Inc., a U.S.-based provider of sensing and power semiconductor solutions, acquired Heyday Integrated Circuits for an undisclosed sum. This acquisition brings together Heyday's isolated gate drivers and Allegro's isolated current sensors to create compact, high-voltage, and high-efficiency power systems. Furthermore, it enables Allegro to strengthen its presence in potential markets such as electric vehicles (xEV), solar inverters, data centers, and 5G power supplies. Heyday Integrated Circuits is a France-based company known for its development of integrated isolated gate drivers for energy conversion in high-voltage gallium nitride (GaN) and silicon carbide (SiC) wide-bandgap (WBG) semiconductor designs.
Major companies operating in the gallium market are ArcelorMittal SA, BHP Group Limited, Rio Tinto Corp., Thermo Fisher Scientific Inc., Vale SA, Aluminium Corp of China Ltd., Glencore PLC, Sharp Corporation, CMOC Group Limited, Sigma-Aldrich Corporation, Materion Corporation, Nalco Chemical Company, DOWA HOLDINGS CO. Ltd., Indium Corporation, Umicore N.V., China Minmetals Rare Earth Co. Ltd., 5N Plus Inc., Nanjing Jinmei Gallium Co. Ltd., Strem Chemicals Inc., GEO Specialty Chemicals, American Elements Corporation, Zhuzhou Keneng New Material Co. Ltd. Inc., SMI Ltd., Fortis Metals Ltd., Nippon Rare Metal Inc.
North America was the largest region in the gallium market in 2024. The regions covered in gallium report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the gallium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gallium market consists of sales of gallium in soluble form, alloys, high-purity gallium and gallium compounds. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Gallium is a chemical element characterized by its soft, silvery metal properties, and it possesses a melting point just slightly above room temperature. These unique characteristics render it valuable for a wide range of applications across various industries. For instance, it finds use in the electronics sector in semiconductors and light-emitting diodes. Additionally, gallium plays a role in photovoltaic cells for solar panels and heat management systems.
The primary product categories associated with gallium include Gallium Nitride (GaN) radio frequency devices, opto-semiconductors, and power semiconductors. GaN (Gallium Nitride) radio frequency devices encompass semiconductor components designed to amplify and process radio frequency signals, leveraging the distinctive properties of gallium nitride. These components encompass transistors, diodes, rectifiers, power integrated circuits, and more, available in various wafer sizes such as 2-inch, 4-inch, 6-inch, and 8-inch. These products cater to diverse end-user sectors, including automotive, consumer electronics, defense and aerospace, healthcare, industrial and power, information and communication technology, and others.
The gallium market research report is one of a series of new reports that provides gallium market statistics, including gallium industry global market size, regional shares, competitors with a gallium market share, detailed gallium market segments, market trends and opportunities and any further data you may need to thrive in the gallium industry. This gallium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Gallium Market Characteristics3. Gallium Market Trends and Strategies4. Gallium Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, Covid and Recovery on the Market32. Global Gallium Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Gallium Market34. Recent Developments in the Gallium Market
5. Global Gallium Growth Analysis and Strategic Analysis Framework
6. Gallium Market Segmentation
7. Gallium Market Regional and Country Analysis
8. Asia-Pacific Gallium Market
9. China Gallium Market
10. India Gallium Market
11. Japan Gallium Market
12. Australia Gallium Market
13. Indonesia Gallium Market
14. South Korea Gallium Market
15. Western Europe Gallium Market
16. UK Gallium Market
17. Germany Gallium Market
18. France Gallium Market
19. Italy Gallium Market
20. Spain Gallium Market
21. Eastern Europe Gallium Market
22. Russia Gallium Market
23. North America Gallium Market
24. USA Gallium Market
25. Canada Gallium Market
26. South America Gallium Market
27. Brazil Gallium Market
28. Middle East Gallium Market
29. Africa Gallium Market
30. Gallium Market Competitive Landscape and Company Profiles
31. Gallium Market Other Major and Innovative Companies
35. Gallium Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Gallium Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on gallium market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for gallium? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gallium market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Gallium Nitride (GaN) Radio Frequency Devices; Opto-Semiconductors; Power Semiconductors2) By Component: Transistors; Diodes; Rectifiers; Power Integrated Circuits; Other Components
3) By Wafer Size: 2-Inch; 4-Inch; 6-Inch; 8-Inch
4) By End-User: Automotive; Consumer Electronics; Defense And Aerospace; Healthcare; Industrial And Power; Information And Communication Technology; Other End-Users
Subsegments:
1) By Gallium Nitride (GaN) Radio Frequency Devices: GaN Amplifiers; GaN Transistors; GaN Integrated Circuits2) By Opto-Semiconductors: Light Emitting Diodes (LEDs); Laser Diodes; Photodetectors
3) By Power Semiconductors: GaN Power Transistors; GaN Power Converters; GaN Modules
Key Companies Mentioned: ArcelorMittal SA; BHP Group Limited; Rio Tinto Corp.; Thermo Fisher Scientific Inc.; Vale SA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Gallium market report include:- ArcelorMittal SA
- BHP Group Limited
- Rio Tinto Corp.
- Thermo Fisher Scientific Inc.
- Vale SA
- Aluminium Corp of China Ltd.
- Glencore plc
- Sharp Corporation
- CMOC Group Limited
- Sigma-Aldrich Corporation
- Materion Corporation
- Nalco Chemical Company
- DOWA HOLDINGS CO. LTD.
- Indium Corporation
- Umicore N.V.
- China Minmetals Rare Earth Co. Ltd.
- 5N Plus Inc.
- Nanjing Jinmei Gallium Co. Ltd.
- Strem Chemicals Inc.
- GEO Specialty Chemicals
- American Elements Corporation
- Zhuzhou Keneng New Material Co. Ltd. Inc.
- SMI Ltd.
- Fortis Metals Ltd.
- Nippon Rare Metal Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.91 Billion |
| Forecasted Market Value ( USD | $ 6.6 Billion |
| Compound Annual Growth Rate | 22.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
