Gallium Nitride Semiconductor Device Market Dynamics: Opportunities and Challenges

The gallium nitride semiconductor device market is expected to reach USD 22.47 Billion by 2023

at a CAGR of 4.6% during the forecast period.

Increasing adoption of GaN RF semiconductor devices in military, defense, and aerospace applications

Increased use of RF power in military, defense, and aerospace applications acts as a driver for the growth of the gallium nitride semiconductor device market. The use of RF power devices in avionics and radar systems is fueling the demand for GaN RF semiconductor devices in military, defense, and aerospace applications across the globe. In March 2015, M/A-COM Technology Solutions Inc. launched a 650 W GaN on silicon carbide high-electron-mobility-transistor (HEMT) for L-band pulsed avionics applications. The use of GaN to develop new and advanced products is expected to contribute to the growth of the gallium nitride semiconductor device market. In May 2015, Qorvo, Inc. launched a series of GaN power amplifiers with improved efficiency, gain, and power performance for military satellite and commercial VSAT applications. In September 2015, the company launched 3 new highly reliable and compact GaN RF transistors in plastic packages for use in civilian marine, airborne, and infrastructure radar systems.

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Growing competition from SiC in high-voltage semiconductor applications

Silicon carbide (Sic) power semiconductor devices, since their launch at the commercial level in 2001, have been trying to penetrate the power semiconductor device market globally by replacing pure silicon. These devices offer improved power efficiency and advanced power handling capacity in terms of power rectification, power factor correction, power amplification, and power transmission. In high-voltage range applications, SiC semiconductor devices are the best choice in terms of their power efficiency and performance than their GaN counterparts. For instance, at the border-line voltages between medium and high voltages, ranging from 700V to 1,200V, the efficiency of GaN devices reduced considerably. Thus, the preference of SiC power semiconductor devices over GaN power semiconductor devices in power applications acts as a restraint for the growth of the gallium nitride semiconductor device market.

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Optical Communication and Networking Market Overview, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast: 2023

According to the new research report "Optical Communication and Networking Market by Component (Fiber, Transceiver, Amplifier, Switch, Splitter, Circulator), Technology (WDM, SONET, and Fiber Channel), Application (Telecom, Data Center, and Enterprise) and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 15.11 billion in 2017 to USD 24.12 billion by 2023, at a CAGR of 8.1% between 2017 and 2023. The growth of this market is driven by the growing data center deployments, and increasing internet penetration and data traffic.

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Optical communication and networking market for optical transceivers to grow at the highest CAGR during forecast period 

The optical communication and networking market for optical transceivers is expected to grow at the highest CAGR during the forecast period owing to the introduction and adoption of new applications such as wearable devices, IoT, and cloud computing to address the evolving consumer needs. The increasing internet penetration and growing data traffic lead to the rapid growth of data centers along with the need for high-speed transmission networks. Optical transceivers are used to upgrade telecommunications networks and launch very large mega data centers.

Optical communication and networking market for the data center application to grow at the highest CAGR during forecast period  

This market for the data center application is expected to grow at the highest CAGR between 2017 and 2023 owing to the mainstream adoption of cloud computing and the growing use of the Internet by smartphones and other connected devices. There is a rapid increase in internet traffic going through mega data centers. Mega data centers are operated primarily by leading companies, such as Amazon (US), Apple (US), Facebook (US), Google (US), and Microsoft (US). They have steadily increasing investments in very large data centers as they implement cloud-based Big Data services that can be crowd-sourced and crowd-distributed and that use machine-to-machine and inter-datacenter transactions to power the mobile web.

The Americas to hold the largest share of the optical communication and networking market during the forecast period  

The Americas held the largest share of the market in 2016 and is expected to dominate the market with the largest share between 2017 and 2023. The Americas has emerged as a major data center and cloud computing hub, which has ultimately made it the largest consumer of optical communication and networking since data center is the leading application for this market.

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The major players in the optical communication and networking market are Huawei Technologies Co. (China), Nokia (Finland), Cisco (US), Ciena (US), ADTRAN (US), ZTE (China), Broadcom (US), Finisar (US), Fujitsu Optical Components (Japan), Infinera (US), ADVA Optical Networking (Germany), NEC (Japan), Juniper Networks (US), Ericsson (Sweden), Corning (US), and Coriant (US). The key innovators in the market are Lumentum Operations (US), Calix (US), Oclaro (US), Arista Networks (US), NeoPhotonics (US), Mitsubishi Electric (Japan), and ECI Telecom (Israel).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Gallium Nitride Semiconductor Device Market - New Innovations and Technology Advancement by 2023

[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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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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com