[179 Pages Report] The gallium
nitride semiconductor device market is expected to reach USD 22.47 Billion
by 2023 from USD 16.50 Billion in 2016, at a CAGR of 4.6% during the forecast
period.
The major
factors driving the growth of the gallium nitride semiconductor device market
include the vast addressable market for gallium nitride in consumer electronics
and automotive, wide bandgap property of gallium nitride material encouraging
innovative applications, success of gallium nitride in RF power electronics,
and increasing adoption of gallium nitride RF semiconductor device in military,
defense, and aerospace application.
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The global gallium nitride semiconductor
device market for opto-semiconductor device type held the largest market share
in 2016. This is attributed to its wide application in consumer and enterprise,
industrial, and automotive industry. Gallium nitride light-emitting diodes
(LEDs) are widely used in laptop and notebook display, mobile display,
projectors, televisions and monitor, signs and large displays, etc. Gallium
nitride LEDs are also used for the interior and exterior lighting in the
automotive industry such as headlights and signal lights, car interior
lighting, fog lights, stop lights, and dome lights, etc.
The market for
gallium nitride-based power drives is expected to grow significantly during the
forecast period owing to its ability to minimize power loss and achieve
high-speed switching with characteristics such as miniaturization, high
breakdown voltage, and high-speed switching.
APAC is expected to hold the largest share of
the gallium nitride semiconductor device market during the forecast period.
This is attributed to the 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 in APAC.
APAC held the largest share of the overall
gallium nitride semiconductor device market in 2016 owing to the growing demand
for these devices in numerous applications such as industrial, computing,
telecommunications, consumer and enterprise, automotive and military, and
aerospace & defense in Asian countries such as China, Japan, Taiwan, the
Philippines, and India.
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Analysts:
Dominant players in the gallium nitride
semiconductor device market include Cree (US), Samsung (South Korea), Infineon
(Germany), Qorvo (US), MACOM (US), Microsemi Corporation (US), Analog Devices
(US), Mitsubishi Electric (Japan), Efficient Power Conversion (US), GaN Systems
(Canada), Exagan (France), VisIC Technologies (Israel), Integra Technologies
(US), Transphorm (US), Navitas Semiconductor (US), Nichia (Japan), Panasonic
(Japan), Texas Instruments (US), Ampleon (Netherlands), Sumitomo Electric (Japan),
Northrop Grumman Corporation (US), Dialog Semiconductor (UK), Epistar (Taiwan).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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