Gallium Nitride Market Future Prospects And Opportunities 2020-2027

 

The industry evaluation report offers a snapshot of the technology trends in the Gallium Nitride industry for the forecast period, 2020 - 2027. Projected data on intangible aspects such an import and export status, supply chain management, distribution channel, consumption capability and production capacity are explained through resources including tables, charts, and graphic images. Analysis of both the strengths and weaknesses of the key market players help business owners understand the strategies they should avoid and endorse. The global gallium nitride market is expected to be valued at USD 320.4 Million in 2027 from USD 69.3 Million in 2019, registering a CAGR of 20.8% through the forecast period.

Read more@ https://www.emergenresearch.com/industry-report/gallium-nitride-market

Key Highlights of the Report:

·         In terms of application, the optoelectronics sub-segment dominates the global gallium nitride market, accounting for the largest market share. The growing deployment of optoelectronic devices, such as LEDs, photodiodes, solar cells, and lasers, in the automotive sector, increasing demand for advanced consumer electronics, and the surging use of GaN in indoor and outdoor lighting solutions propel the growth of this segment.

·         Among the key regional markets, the North American gallium nitride market is expected to account for the most significant revenue share over the projected period. Increasing applications of GaN semiconductors in the consumer electronics, automotive, aerospace, healthcare, and military & defense sectors of the region boost the growth of the market in North America.

·         The leading market players include Mitsubishi Chemical Corporation, DOWA Electronics Materials Co. Ltd., Infineon Technologies, American Elements, IQE PLC, Cree Inc., Soitec, Furukawa Co. Ltd., Kyma Technologies Inc., and Nitride Semiconductors Co. Ltd.

·         In November 2020, Baseus, a renowned consumer electronics brand in Germany, introduced its all-new GaN series 120W charging heads. The high-power charging plugs are specifically designed for charging laptops of around 100W 20V/5A and are highly compatible with MacBook, HP, Dell, and Lenovo laptops.

Emergen Research has segmented the global gallium nitride market based on substrate type, application, distribution channel, and region:

By Substrate Type (Revenue, USD Billion; 2017-2027)

o    GaN-on-Si

o    GaN-on-SiC

o    GaN-on-Sapphire

o    Others

By Application (Revenue, USD Billion; 2017-2027)

o    Radio Frequency Devices

• Wireless Infrastructure
• Military & Defense
• Satellite Communication
• Others

o    Power Electronics

• Electric Vehicles
• Power Supply
• Wireless Power
• LiDAR
• Envelope Tracking
• Servers & Data Centers
• Solar Photovoltaic Technology
• Others

o    Optoelectronics

• LED
• LASER
• Others

By Distribution Channel (Revenue, USD Billion; 2017-2027)

o    Online

o    Offline

By Region (Revenue, USD Billion; 2017-2027)

 

o   North America

•                     U.S.

•                     Canada

o   Europe

•                     Germany

•                     U.K.

•                     France

•                     BENELUX

•                     Rest of Europe

o   Asia Pacific

•                     China

•                     Japan

•                     South Korea

•                     Rest of Asia Pacific

o   Latin America

•                     Brazil

•                     Rest of Latin America

o   Middle East & Africa

•                     Saudi Arabia

•                     U.A.E.

•                     Rest of Middle East & Africa