Gallium Nitride Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2027

Market Size – USD 69.3 Million in 2019, Market Growth - CAGR of 20.8%, Market Trends –Growing adoption of electric vehicles

The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Gallium Nitride market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

The gallium nitride market is observing high demand attributed to the growing demand for gallium nitride devices in consumer electronics. Gallium nitride is garnering significant traction in the market and is replacing silicon for use in fast chargers for laptops and smart devices. In the last couple of years, the screen and battery size of smartphones have witnessed a significant increase, which, in turn, is causative of increased power consumption for smartphones, thereby pushing the market for fast chargers. 

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Top competitors of the Gallium Nitride Market profiled in the report include:

 DOWA Electronics Materials Co. Ltd., Cree Inc., American Elements, Furukawa Co. Ltd., Mitsubishi Chemical Corporation, Kyma Technologies Inc., Soitec, IQE PLC, Infineon Technologies, and Nitride Semiconductors Co. Ltd., among others.

The research provides answers to the following key questions:

  • What will be the growth rate of the Gallium Nitride market for the forecast period, 2018 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
  • What are challenges and threats faced by the prominent vendors operating in the Gallium Nitride market?
  • Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
  • What are the past, present and emerging trends likely to influence the growth rate of the Gallium Nitride market for the forecast period, 2018 to 2028?
  • What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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SCOPE OF THE REPORT

The study draws a forecast of the growth of the Gallium Nitride market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

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

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

  • GaN-on-SiC
  • GaN-on-Si
  • GaN-on-Sapphire
  • Others

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

  • Online
  • Offline

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

  • Radio Frequency Devices
    1. Wireless Infrastructure
    2. Satellite Communication
    3. Military Defense
    4. Others
  • Power Electronics
    1. Power Supply
    2. Electric Vehicle
    3. LiDAR
    4. Servers Data Centers
    5. Wireless Power
    6. Solar Photovoltaic Technology
    7. Envelope Tracking
    8. Others
  • Optoelectronics
    1. LED
    2. LASER
    3. Others

In market segmentation by geographical regions, the report has analysed the following regions-       

   North America

   Europe

   Asia-Pacific

   Middle East and Africa

   Latin America  

 

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