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GaN Semiconductor Devices Market Report and Forecast 2024-2032

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    Report

  • 183 Pages
  • July 2024
  • Region: Global
  • Expert Market Research
  • ID: 5990199
According to the report, the global GaN semiconductor devices market size reached approximately USD 3.03 billion in 2023. Aided by the increasing demand for high-efficiency power devices and the growing applications of GaN (Gallium Nitride) semiconductor devices in various sectors, the market is projected to grow at a CAGR of 26.3% between 2024 and 2032, reaching a value of around USD 24.68 billion by 2032.

GaN semiconductor devices are crucial components in the electronics sector, offering superior performance characteristics compared to traditional silicon-based devices. These devices are used in power electronics, radio frequency (RF) applications, and optoelectronics, providing benefits such as higher efficiency, faster switching speeds, and better thermal management. The adoption of GaN semiconductor devices is driven by their ability to enhance the performance and efficiency of electronic systems across various applications.

The increasing demand for high-efficiency power devices is a primary driver of the GaN semiconductor devices market growth. As the demand for energy-efficient solutions continues to grow across multiple sectors, GaN semiconductor devices are being increasingly adopted due to their superior performance and efficiency. These devices are widely used in power supplies, inverters, and electric vehicles, where high efficiency and compact size are crucial.

Additionally, the expanding applications of GaN semiconductor devices in the telecommunications sector are propelling the market. The increasing deployment of 5G networks and the rising demand for high-frequency and high-power RF devices are driving the adoption of GaN semiconductor devices. These devices offer higher power density and efficiency, making them ideal for use in 5G base stations and other RF applications.

The growing focus on renewable energy and the adoption of GaN semiconductor devices in solar inverters and wind turbines also play a significant role in propelling the GaN semiconductor devices market expansion. GaN devices are used in power conversion systems for renewable energy sources, improving the efficiency and reliability of these systems. The increasing investments in renewable energy projects and the emphasis on reducing carbon emissions are driving the demand for GaN semiconductor devices.

Technological advancements and the integration of innovative solutions in GaN semiconductor devices are contributing to the GaN semiconductor devices market development. The development of advanced GaN materials and the use of novel manufacturing techniques are enhancing the performance and reliability of GaN devices. These innovations are driving the demand for high-performance GaN semiconductor devices in various applications.

Power devices, including transistors, diodes, and rectifiers, hold a significant portion of the GaN semiconductor devices market share. These devices are widely used in power supplies, inverters, and motor drives due to their high efficiency and fast switching capabilities.

As per the GaN semiconductor devices market analysis, RF devices, including amplifiers, switches, and mixers, are expected to witness substantial growth during the forecast period. The increasing deployment of 5G networks and the rising demand for high-frequency RF devices are driving the adoption of GaN RF devices.

Optoelectronic devices, including LEDs and laser diodes, are also anticipated to grow significantly. GaN-based optoelectronic devices offer superior performance and efficiency, making them ideal for lighting and display applications. Other types of GaN semiconductor devices include sensors and detectors, which are used in various applications requiring high sensitivity and accuracy.

Market Segmentation

The global GaN semiconductor devices market can be divided based on type, devices, wafer size, end use, and region.

Market Breakup by Type

  • GaN Radio Frequency Devices
  • Opto-semiconductors
  • Power Semiconductors

Market Breakup by Devices

  • Transistor
  • Diode
  • Rectifier
  • Power IC
  • Others

Market Breakup by Wafer Size

  • 2-inch
  • 4-inch
  • 6-inch and Above

Market Breakup by End Use

  • Automotive
  • Consumer Electronics
  • Defence and Aerospace
  • Healthcare
  • Industrial and Power
  • Information and Communication Technology
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global GaN semiconductor devices market. Some of the major players explored in the report are as follows:
  • Efficient Power Conversion Corporation (EPC)
  • NXP Semiconductors N.V.
  • Wolfspeed, Inc.
  • Texas Instruments Incorporated
  • Fujitsu Limited
  • Infineon Technologies AG
  • MACOM Technology Solutions Inc.
  • Toshiba Corporation
  • Panasonic Holdings Corporation
  • GaN Systems Inc.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Gallium Nitride Semiconductor Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Gallium Nitride Semiconductor Devices Historical Market (2018-2023)
8.3 Global Gallium Nitride Semiconductor Devices Market Forecast (2024-2032)
8.4 Global Gallium Nitride Semiconductor Devices Market by Type
8.4.1 GaN Radio Frequency Devices
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Opto-semiconductors
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Power Semiconductors
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Gallium Nitride Semiconductor Devices Market by Devices
8.5.1 Transistor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Diode
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Rectifier
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Power IC
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Gallium Nitride Semiconductor Devices Market by Wafer Size
8.6.1 2-inch
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 4-inch
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 6-inch and Above
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Gallium Nitride Semiconductor Devices Market by End Use
8.7.1 Automotive
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Consumer Electronics
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Defence and Aerospace
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Healthcare
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Industrial and Power
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Information and Communication Technology
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Gallium Nitride Semiconductor Devices Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Gallium Nitride Semiconductor Devices Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Gallium Nitride Semiconductor Devices Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Gallium Nitride Semiconductor Devices Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Gallium Nitride Semiconductor Devices Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Gallium Nitride Semiconductor Devices Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Efficient Power Conversion Corporation (EPC)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 NXP Semiconductors N.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Wolfspeed, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Texas Instruments Incorporated
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Fujitsu Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Infineon Technologies AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 MACOM Technology Solutions Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Toshiba Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Panasonic Holdings Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 GaN Systems Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Gallium Nitride Semiconductor Devices Market: Key Industry Highlights, 2018 and 2032
2. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Devices (USD Billion), 2018-2023
5. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Devices (USD Billion), 2024-2032
6. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Wafer Size (USD Billion), 2018-2023
7. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Wafer Size (USD Billion), 2024-2032
8. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Gallium Nitride Semiconductor Devices Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Gallium Nitride Semiconductor Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Gallium Nitride Semiconductor Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Gallium Nitride Semiconductor Devices Market Structure

Companies Mentioned

  • Efficient Power Conversion Corporation (EPC)
  • NXP Semiconductors N.V.
  • Wolfspeed, Inc.
  • Texas Instruments Incorporated
  • Fujitsu Limited
  • Infineon Technologies AG
  • MACOM Technology Solutions Inc.
  • Toshiba Corporation
  • Panasonic Holdings Corporation
  • GaN Systems Inc.

Methodology

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Table Information