GaN Semiconductor Devices Market 2019 Global Industry Analysis, Sales Revenue, Business Growth, Opportunity Assessment and Comprehensive Research Study Till 2022

Market Research Future published a research report on “GaN Semiconductor Devices Market Research Report- Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Pune, India - March 25, 2019 /MarketersMedia/ —

GaN Semiconductor Device Global Market - Overview

Gallium Nitride (GaN) is an emerging substitute for pure silicon in semiconductors. Used widely in LED diodes, GaN is a resilient compound that possesses a Wurzite crystalline structure composition. Being a highly power efficient compound, GaN is capable of working with high frequencies and also has the capability to radiate high brightness when used in an opto-semiconductor.

Gallium nitride semiconductors are increasingly being preferred over silicon technology because GaN semiconductors are better able to handle high intensity power and temperature. Other unique features include high speed switching capacity, low resistance, high dielectric strength and high current density. Such unique features and the high efficiency make GaN an apt semiconductors technology for transistors, diodes, power amplifiers, supply and inverter, amplifiers, lighting and laser and switching systems.

Market Research Future’s (MRFR) market report on GaN semiconductor devices takes a closer look at the market to uncover trends and project a CAGR for the forecast period. The report identifies key drivers for the market and provides a deeper understanding of what trends can be expected in the semiconductor industry during the forecast period.

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GaN semiconductor devices are commonly used in sectors such as automotive, telecommunications, consumer electronics and medical. Additionally, MRFR’s study has identified several sectors where there is an upsurge in demand for semiconductors, including military applications, space applications and power electronics. This increase in demand can be attributed to a greater stability in radioactive surroundings, an impressive ability to control electrons and low manufacturing costs.

Key market drivers include swift evolution of automated devices and a growing demand for wireless devices. Silicon carbide (SiC) semiconductor devices are projected to be a strong competition for the GaN semiconductor devices, which is likely to restrict the market growth to some extent during the assessment period. At the same time, environmental issues associated with manufacturing of GaN semiconductor devices remains a major concern for market players. Despite these challenges, the GaN semiconductors market is expected to achieve a CAGR of 8% and reach a valuation of USD 27 billion during the forecast period of 2017 – 2023.

Key Players

The prominent players in GaN Semiconductor Devices Market are – Cognitive Operational Systems, Inc. (U.S.), Haapie SAS (France), KinderLab Robotics (U.S.), Tinybots (Netherlands), BKIN Technologies Limited (Canada), R.U. Robots Limited (U.K.), Behaviour Labs SRL (Italy), Heron Robots SRL (Italy), Perceptronic Solutions, Inc. (U.S.), Cognitive Spring (U.S.) among others.

GaN Semiconductor Device Market - Segmentation

• Segmentation by type: Opto-semiconductor, power semiconductor.
• Segmentation by device: transistor, diode, rectifier, power IC’s, amplifier and switching system.
• Segmentation by application: Consumer Electronics, Automotive, Aerospace and Defence, Telecommunication, medical, power conditioner
• Segmentation by Region: North America, Europe, Asia Pacific, rest of the world.

Regional Analysis

Geographically, the gallium nitride (GaN) semiconductor devices are categorized into four different regions such as North America, Asia Pacific, Europe, and Rest of the World.

North America is expected to be a prominent region in the GaN semiconductor devices market over forecast period. The U.S. and Canada are the leading countries in this region. This is attributed to large investment by the companies for innovation in semiconductor activities. Additionally, advancement of semiconductor power applications and enlarging the market base of GaN semiconductor are anticipated to drive the GaN semiconductor devices market over the review period 2017-2022.

Asia Pacific is expected to be the fastest growing region owing to, surging need for highly efficient RF components in consumer electronics and military applications. However, rapid increase in a large number of electronic component manufacturer are expected to propel the GaN semiconductor devices market over the review period 2017-2022.

Latest Industry News

• Cree has announced that it has signed a non-exclusive, global, royalty bearing patent license agreement with Dutch company, Nexperia BV. The agreement gives Nexperia access to Cree’s expansive GaN power device patent portfolio. Years of innovation and development efforts is now allowing Cree to help facilitate further market growth.
• The Japan Aerospace Exploration Agency (JAXA) is evaluating and validating Panasonic’s X-GaN power transistors for possible use in its ongoing development of relevant space technologies. Potential for approval of use for aforementioned activities appears to be high. Space radiation is one of the main reasons that these devices are being considered- GaN semiconductor devices display the ability to successfully withstand radiation.

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Target audience:

• End users of the gallium nitride semiconductor device
• Wafer equipment manufacturers
• Integrated devices manufacturers (IDMs)
• Distributors and traders
• Technology providers
• Research organizations and consulting companies
• Government agencies

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/gan-semiconductor-devices-market-2019-global-industry-analysis-sales-revenue-business-growth-opportunity-assessment-and-comprehensive-research-study-till-2022/495228

Source: MarketersMedia

Release ID: 495228

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