Global Gallium Nitride Power Device Market Report, by Device Type (Power Device, RF Power Device), by Voltage Range (<200V, 200-600V, >600V), by Application (Power Drives, Supply and Inverter, Radio Frequency), by Vertical (Telecommunications, Industrial, Automotive, Renewables, Consumer and Enterprise, Medical, Military, and Defense, & Aerospace) and by Geography - Trends and Forecast to 2025
- Report code : CMI221221 |
- Industry :
Semiconductors
- Published On : Jan 2018 |
- Pages : 250 Pages |
- Format :
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Global GaN Power Device Market - Insights
Gallium nitride (GaN) compound is a hard semiconductor material featuring a wide band gap (energy gap) of 3.4 electronvolts (eV) with high heat capacity and thermal conductivity. GaN finds significant applications in power devices used in electrical energy control systems and conversions including telecommunication, industrial, automotive, and high RF antennas and radar in aerospace and defense technologies are expected to provide opportunities for growth of the GaN market over the forecast period.
High energy efficiency loss in power devices is primarily attributed to conduction losses due to high device resistance and switching transitions. GaN materials prevent such energy loss, as they are featured with high breakdown voltage and low conduction resistance, in turn enabling high-speed switching operations. GaN thus is used to ensure high efficiency of operations in electrical systems. Moreover, low conduction resistance of GaN, allows the material compound to sustain high energy application in compact sizes, enabling higher miniaturization of the circuits. These significant benefits of GaN over other alternatives such as silicon transistors that feature relatively larger chip area to enhance their conductivity, are expected to fuel the overall GaN power device market.
Figure 1. Global GaN Power Device Market Value, (US$ Million)
SOURCE: COHERENT MARKET INSIGHTS ANALYSIS
Substantial growth of end-use verticals is expected to boost market growth
Advancements in technology related to GaN power devices are enhancing the computational power of all systems, in turn boosting market growth. For instance, in December 2017, Yuji Zhao, an electrical and computer expert from Arizona State University received a three year grant of US$ 750,000 from National Aeronautics and Space Administration’s (NASA) Hot Operating Temperature Technology (HOTTech) program for the gallium nitride processor for applications in space. In January 2018, Corsair introduced Corsair AX1600i featuring off-the shelf efficiency, ripple suppression, noise levels, voltage regulation, and highly compact power supply unit. These two instances of technological developments are primarily based on the utilization of Gallium Nitride based materials. replacing Silicon transistors as prominently used material in the switching devices.
The recent past has witness high proliferation of electric vehicles and increasing adoption of electrical and electronic components in internal combustion engines for enhanced and convenient control among users. According to Coherent Market Insights, vehicle electrification technologies are expected to witness a CAGR of over 8.8% over the forecast period and be valued at over US$ 120 billion by 2025. Increasing adoption of autonomous vehicles is expected to increase the demand for efficient communication systems featuring high frequency bandwidth and robust operations. This in turn, is expected to fuel growth of the market for GaN power devices in the near future.
High cost of systems featuring integration of gallium nitride components due to capital intensive nature of materials and manufacturing procedures is expected to hamper growth of the market. Moreover, GaAs components are widely used in small signal Monolithic Microwave Integrated Circuit (MMIC) and low noise amplifier (LNA). Application of gallium nitride semiconductor is projected to become mainstream component, though it will require considerable time owing to the cost factor and thus, is among the prominent growth challenges.
Asia Pacific accounts for the largest population base and is also the largest market for key end-use industries, in turn, contributing to the largest consumer base of GaN power devices. According to Coherent Market Insights’ analysis, China and India contribute to around 35% of the global population base. Moreover, largest consumer base for automotive, consumer electronics, communication, and industrial manufacturing will provide the strongest growth prospects over the forecast period.
Some of the key players in the GaN power devices market are Cree Inc., Efficient Power Conversion (EPC) Corporation, Infineon Technologies, GaN Systems Inc., Macom, Microsemi Corporation, Mitsubishi Electric Corporation, Navitas Semiconductor, Qorvo, Inc., and Toshiba Electronic Devices & Storage Corporation.
Our study on the global GaN power devices market includes the gallium nitride power and RF power devices that find predominant applications in power drives (electric vehicle drives, industrial drives, light detection), inverters, supplies, wireless charging, RF front end module, radars and space satellites. Extensive range of applications and the potential to cannibalize the existing silicon semiconductor market are expected to create immense opportunity for growth of the global GaN power devices market over the forecast period.
Market Dynamics
GaN materials include a wide range of features such as wide energy band gap (3.4eV), high heat capacity, thermal conductivity, low device resistance, and ability to operate at transition speeds from on to off and vice versa, are among the prominent benefits, inadvertently driving growth of the GaN power devices market. High conductivity in On state in comparison to alternatives such as silicon substitutes present high opportunity to improve the energy efficiency in power distribution and control systems. However, limited availability and relatively high cost of the material is expected to hinder the overall growth of the market in the near future.
Key features of the study:
- This report provides in-depth analysis of GaN power devices, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global GaN power devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, GaN power devices market capital, key developments, strategies, and future plans
- Companies covered as part of this study include Cree Inc., Efficient Power Conversion (EPC) Corporation, Infineon Technologies, GaN Systems Inc., Macom, Microsemi Corporation, Mitsubishi Electric Corporation, Navitas Semiconductor, Qorvo, Inc., and Toshiba Electronic Devices & Storage Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global GaN power devices market report caters to various stakeholders in this industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global GaN power devices market
Detailed Segmentation:
- Global GaN Power Devices Market, By Device Type:
- Power Device
- RF Power Device
- Global GaN Power Devices Market, By Voltage Range:
- <200 Volt
- 200 – 600 Volt
- >600 Volt
- Global GaN Power Devices Market, By End User:
- Power Drives
- Supply and Inverter
- Radio Frequency
- Global GaN Power Devices Market, By Vertical:
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
- Global GaN Power Devices Market, By Geography:
- North America
- By Device Type:
- Power Device
- RF Power Device
- By Voltage Range:
- <200 Volt
- 200 – 600 Volt
- >600 Volt
- By End User:
- Power Drives
- Supply and Inverter
- Radio Frequency
- By Vertical
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
- By Country:
- U.S.
- Canada
- Europe
- By Device Type:
- Power Device
- RF Power Device
- By Voltage Range:
- <200 Volt
- 200 – 600 Volt
- >600 Volt
- By End User:
- Power Drives
- Supply and Inverter
- Radio Frequency
- By Vertical
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Device Type:
- Power Device
- RF Power Device
- By Voltage Range:
- <200 Volt
- 200 – 600 Volt
- >600 Volt
- By End User:
- Power Drives
- Supply and Inverter
- Radio Frequency
- By Vertical
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Device Type:
- Power Device
- RF Power Device
- By Voltage Range:
- <200 Volt
- 200 – 600 Volt
- >600 Volt
- By End User:
- Power Drives
- Supply and Inverter
- Radio Frequency
- By Vertical
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Device Type:
- Power Device
- RF Power Device
- By Voltage Range:
- <200 Volt
- 200 – 600 Volt
- >600 Volt
- By End User:
- Power Drives
- Supply and Inverter
- Radio Frequency
- By Vertical
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Device Type:
- Power Device
- RF Power Device
- By Voltage Range:
- <200 Volt
- 200 – 600 Volt
- >600 Volt
- By End User:
- Power Drives
- Supply and Inverter
- Radio Frequency
- By Vertical
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- Cree Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Efficient Power Conversion (EPC) Corporation
- Infineon Technologies
- GaN Systems Inc.
- Macom
- Microsemi Corporation
- Mitsubishi Electric
- Navitas Semiconductor
- Qorvo
- Toshiba Electronic Devices & Storage Corporation
- Cree Inc.
- Efficient Power Conversion (EPC) Corporation
- Infineon Technologies
- GaN Systems Inc.
- Macom
- Microsemi Corporation
- Mitsubishi Electric Corporation
- Navitas Semiconductor
- Qorvo, Inc.
- Toshiba Electronic Devices & Storage Corporation
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Device Type
- Market Snippet, By Voltage Range
- Market Snippet, By Application
- Market Snippet, By Vertical
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Global GaN Power Device Market, By Device Type, 2015–2025, (US$ Million)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Power Device
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- RF Power Device
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global GaN Power Device Market, By Voltage Range, 2015–2025, (US$ Million)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- <200 Volt
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- 200-600 Volt
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- >600 Volt
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global GaN Power Device Market, By Application, 2015–2025, (US$ Million)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Power Drives
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Supply & Inverter
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Radio Frequency
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global GaN Power Device Market, By Vertical, 2015–2025, (US$ Million)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Telecommunications
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Industrial
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Automotive
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Renewables
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Consumer and Enterprise
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Military, Defense, and Aerospace
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Medical
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global GaN Power Device Market, By Regions, 2015–2025, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2015 and 2025 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Device Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Voltage Range, 2015–2025, (US$ Million)
- Market Size and Forecast, By Application, 2015–2025, (US$ Million)
- Market Size and Forecast, By Vertical, 2015–2025, (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Device Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Voltage Range, 2015–2025, (US$ Million)
- Market Size and Forecast, By Application, 2015–2025, (US$ Million)
- Market Size and Forecast, By Vertical, 2015–2025, (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- UK
- Germany
- Italy
- France
- Russia
- Others
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Device Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Voltage Range, 2015–2025, (US$ Million)
- Market Size and Forecast, By Application, 2015–2025 (US$ Million)
- Market Size and Forecast, By Vertical, 2015–2025, (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Others
- Latin America
- Regional Trends
- Market Size and Forecast, By Device Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Voltage Range, 2015–2025, (US$ Million)
- Market Size and Forecast, By Application, 2015–2025, (US$ Million)
- Market Size and Forecast, By Vertical, 2015–2025, (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Brazil
- Argentina
- Mexico
- Others
- Middle East
- Regional Trends
- Market Size and Forecast, By Device Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Voltage Range, 2015–2025, (US$ Million)
- Market Size and Forecast, By Application, 2015–2025, (US$ Million)
- Market Size and Forecast, By Vertical, 2015–2025, (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Northern Africa
- Central Africa
- South Africa
- Africa
- Regional Trends
- Market Size and Forecast, By Device Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Voltage Range, 2015–2025, (US$ Million)
- Market Size and Forecast, By Application, 2015–2025, (US$ Million)
- Market Size and Forecast, By Vertical, 2015–2025, (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Northern Africa
- Central AfricaDer
- South Africa
- Competitive Landscape
- Company Profiles
- Venus Concept Canada Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cree
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Infineon
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Qorvo
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Macom
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Microsemi
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Mitsubishi Electric
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Efficient Power Conversion (EPC)
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- GaN Systems
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Navitas Semiconductor
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Toshiba
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Venus Concept Canada Corp.
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 60 market data tables and 40 figures on "GaN Power Device Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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