According to a new market report published by Lucintel, the future of the gallium nitride semiconductor device market looks promising with opportunities in the automotive., consumer electronics, aerospace & defence, healthcare, industrial & power industries. The global gallium nitride semiconductor device market is expected to grow with a CAGR of 19% from 2020 to 2025. The major drivers for this market are growth of the consumer electronics and automotive markets and increasing adoption of semiconductor device in the military, defense, and aerospace applications.
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In this market, radio frequency devices, opto semiconductor and power semiconductor are the major product types used.
Within this market, power devices is expected to witness the highest growth over the forecast period due to its ability to minimize power loss and achieve high-speed switching with characteristics such as miniaturization, high breakdown voltage, and high-speed switching.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing demand from LEDs in various industries such as consumer and enterprise, industrial, and automotive. Further, EV charging, and electric vehicle production markets, and increasing renewable energy generation are boosting the market.
NXP Semiconductor N.V., GaN Systems, Inc., Efficient Power Conversion Corporation, Inc., Toshiba Corporation, Qorvo, Inc., Cree, Inc., Fujitsu Ltd., and Texas Instruments, Inc are among the major suppliers in the global gallium nitride semiconductor device market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global gallium nitride semiconductor device market by product type, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Gallium Nitride Semiconductor Device Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global gallium nitride semiconductor device market by product type, application, end use industry, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
GAN Radio Frequency Devices
Opto Semiconductor
Power Semiconductor
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Power Drives
Supply and Inverter
RF
Lighting and Laser
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Automotive
Consumer Electronics
Aerospace & Defence
Healthcare
Industrial & Power
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
German
France
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.