Gallium Nitride (GaN) Semiconductor Devices Market Report | Gallium Nitride (GaN) Semiconductor Devices Market

1. Global Gallium Nitride (GaN) Semiconductor Devices Market to Witness a CAGR of 14.2% during 2018-2024 The global gallium nitride (GaN) semiconductor devices market is expected to reach 2,967.1 million in 2024, at a CAGR of 14.2%. Factors driving the growth of the market are; increasing demand for power efficient electronic devices, rapid advancements in technology, growing application of semiconductor devices in various end-use industries, and rising investments in R&D by major semiconductor manufacturing companies. Moreover, rapid adoption of automated devices and increasing usage of the wireless charging are further propelling the market growth. Robots in healthcare sector with Gallium Nitride components have the ability to conduct delicate surgeries, which is expected to fuel the demand over the forecast period. Moreover, the potential usage of GaN in 5G infrastructure is also expected to propel the market growth over the forecast period. However, high production cost of GaN devices may restrain the market growth to some extent. Gallium Nitride is a semiconductor compound, and is commonly used for improving the performance of electronics in various applications, including military radar, RF cell phone base stations among others. GaN based semiconductor materials are chemically stable and thermally robust. It offers high thermal conductivity and is more reliable as compared to silicon based semiconductor device. Further, GaN has the ability to conduct electrons at much faster rate than silicon, i.e. high carrier (electron) mobility. With light weight and compact size, it has resulted in the development of efficient electronic systems. Owing to these features, GaN semiconductors are becoming more suitable for space applications. Furthermore, GaN-based devices enable magnetic resonance imaging (MRI) systems to operate at higher frequencies. It also holds the potential in healthcare industry as it can be used in electrosurgical process, for cutting and coagulation of tissues. Key findings from the report: On the basis of product, the global gallium nitride semiconductor devices market was dominated by radio frequency semiconductor devices in 2017. The power semiconductors segment is expected to grow with the highest CAGR over the forest period Based on wafer size, 8-inch wafer segment held the largest market share in 2017, and is expected to continue its dominance over the forecast period.

2. On the basis of end-use, the consumer electronics segment held the major market share in 2017. The aerospace & defense sector is expected to exhibit a significant CAGR during the forecast period, owing to the rising demand for efficient and light weighted GaN-based semiconductor devices, and increasing investments in R&D activities Key players operating in the global GaN semiconductor devices market includes Cree, Inc.; NexgenPowerSystems; Efficient Power Conversion Corporation; Wolfspeed; GaN Systems, Inc.; Toshiba Corporation; NXP Semiconductors N.V.; Transphorm Inc.; Infineon Technologies AG; and Qorvo Corporation among others. Rising adoption of GaN semiconductor devices in various end-use industries Many end-use industries are widely opting gallium nitride semiconductor devices owing to various properties of the material including high temperature resistivity, low power consumption, high electron mobility, high breakdown voltage, and better thermal stability among others. These devices are majorly used in radio frequency (RF) amplifiers, light emitting diodes (LEDs), and power electronics. Increasing advancements in technology is also leading to the adoption of GaN semiconductor devices over Si-based semiconductor devices, as compound semiconductor (III-V group) wide-band gap gallium nitride exhibits higher functional integration. Moreover, it offers high thermal conductivity and operability even at high temperature, thus augmenting their applications in defense industry. Browse full research report with TOC on "Global Gallium Nitride (GaN) Semiconductor Devices Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-gallium-nitride-gan-semiconductor- devices-market-report/ To purchase report: sales@energiasmarketresearch.com Global GaN Semiconductor Devices Market - Regional Insight North America is expected to dominate the global GaN semiconductor devices market during 2018- 2024. The growth is attributed to rising government concerns for energy savings coupled with increasing

3. capital investments in power electronics industry. Moreover, increasing usage of GaN transistors in defense is further boosting the market growth in the region. Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth in the region is attributed to the rapid industrialization and globalization. Additionally, the market growth is also driven by growing consumer electronics industry and the increasing demand for mobile devices. The report segments the global gallium nitride semiconductor devices market on the basis of product, wafer size, end-use, and region. By Product oPower Semiconductors oGaN Radio Frequency (RF) Devices oOpto-semiconductors By Wafer Size o2 inch o4 inch o6 inch o 8 inch By End-Use: oInformation and Communication Technology (ICT) oAutomotive oConsumer Electronics oAerospace and Defense oEnergy and Power oHealthcare oOthers By Region: oNorth America U.S Canada Mexico oEurope UK

4. Germany France Rest of Europe oAsia-Pacific China Japan India South Korea Singapore Rest of Asia-Pacific oRest of the World (RoW) Middle East and Africa South America About Energias Market Research Pvt. Ltd. - Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology. With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs. Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors. Contact: Mr. Alan Andrews Business Development Manager For any queries email us: info@energiasmarketresearch.com To purchase report: sales@energiasmarketresearch.com Call us: +1-716-239-4915

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