The global demand for GaN Industrial Devices Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Gallium nitride (GaN) is the material used in semiconductor power equipment & RF component manufacture, and the production of light-emitting diodes. The product has shown its ability to hold an inherent and effective displacement technique for silicon semiconductors in power transformation, analog application, and RF. GaN being a semiconductor material with a broad bandgap and representing advanced features like thermal stability, high breakdown voltage, reduced electricity consumption, high switching frequencies, good electron mobility, resistance to extreme temperatures, and high conductivity. Thus, GaN industrial devices find their applications in defense, aerospace, automotive, information & communication technology, and power distribution systems.
Massive demand for the product in high power applications comprising inverters for power trains, industrial & heavy electrical systems, power converter circuits, hybrid & electric vehicles, smart electric grid systems, and turbines will flourish the market growth over the forecast period. With an improvement in GaN technology and many players bringing improvisations in the product design and performance has led to enormous penetration of the product across numerous sectors. Additionally, GaN technology is probable to replace silicon technology due to its outstanding features and its large-scale applications in diverse sectors compared to silicon. Moreover, the booming medium voltage power electronics industry and the ICT sector are expected to boost market trends further. Also, rising product demand in the defense industry for improving the battlefield's performance is likely to upsurge the business growth over the estimated period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of gan industrial devices.
The entire gan industrial devices market is segmented and each segment is analyzed exclusively. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Device Type:
By Voltage Range:
- <200 volt
- 200–600 volt
- >600 volt
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Supply & Inverter
- Power Drivers
- Radio Frequency
This section covers regional segmentation which accentuates on current and future demand for gan industrial devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global GaN Industrial Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the gan industrial devices market include RF Micro Devices Inc., Toshiba Corporation, GaN Systems Inc., International Quantum Epitaxy, Fujitsu Limited, International Rectifier Corporation, Nichia Corporation, Freescale Semiconductors Incorporated, Texas Instruments Inc., Efficient Power Conversion Corporation, Renesas Electronics Corporation, NXP Semiconductors N.V., Cree Inc. S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.