GaN stands for Gallium nitride and it is very hard, mechanically stable wide band gap semiconductor. GaN is used to manufacture semiconductor power devices as well as radio frequency (RF) components, and light emitting display (LEDs). GaN exhibits its capability to replace the other old slow silicon (Si) technology for silicon semiconductors in power conversion, RF (radio frequency), and analog applications.
Factors Driving Growth of the Global GaN Semiconductor Market:
The market growth can be attributed to the increasing applications of gallium nitride (GaN) in a variety of semiconductor devices. Increasing demand for wireless communication devices, mainly in defense communication is expected to generate demand for GaN semiconductor. Gallium nitride technology is being widely used in the development of amplifiers used in wireless communication such as Class E, Class F, and Class C power amplifiers. In recent times, the demand for GaN semiconductor devices has increased in electric vehicle equipment such as on-board charging stations and electric vehicle charging kiosks.
Trends of Global GaN Semiconductor Market:
The growth of GaN Semiconductor can be credited to the rising demand for power electronics due to their low power consumption and high efficiency. GaN devices deliver up to 3x more power or 3x faster charging as compared to silicon (Si) chips, with up to 40% energy savings.
Industry players are focusing on product development, collaborations, and strategic partnerships to strengthen offering in GaN technology. For instance, Aerospace and defense technology companies such as L3Harris Technologies, Inc., Northrop Grumman Corporation, and BAE Systems collaborated with government agencies in 2020 for implementing gallium nitride semiconductors in the military and radar applications.
Moreover, Toshiba Corporation developed a gate dielectric process technology in 2020 to reduce disparity in characteristics such as the threshold voltage of GaN power devices and improve the accuracy of GaN semiconductor.
GaN Semiconductor Market: Regional Insights:
North American government is encouraging the usage of energy-efficient devices and giving contracts to enhance GaN semiconductor to various companies operating in the region. For instance, in March 2015, the U.S. government awarded Raytheon Integrated Defense Systems a contract of US$ 50.9 million to increase GaN semiconductor manufacturing. The Information & Communication Technology sector in the region has been increasingly embracing GaN semiconductors in radio frequency devices.
Asia Pacific is expected to come out as the fastest-growing market, owing to rapid technological development that are leading to the rise in demand for efficient and high-performance radio frequency (RF) components. Countries such as China and Japan are the market leaders in manufacturing of consumer electronics, such as LED (light emitting display) devices, smartphones, and gaming devices. This acts as an important factor in promoting the growth in the regional market. Moreover, increasing defense budgets in countries such as China, India and North Korea have resulted in the increase in demand for powerful communication especially in 5G. As GaN semiconductor devices are replacing laterally- diffused metal oxide semiconductor (LDMOS) devices in the market, especially in 5G telecommunications, radar, and avionics this shift is expected to create more demand for GaN semiconductors.
Key Players in the global GaN Semiconductor market:
Key players operating in the GaN semiconductor market include Cree, Inc., Efficient Power Conversion Corporation, Fujitsu Ltd, GaN Systems, Infineon Technologies AG, NexGen Power Systems, NXP Semiconductor, Qorvo, Inc., Texas Instruments Incorporated, Toshiba Corporation, and others.
Global GaN Semiconductor Market: Taxonomy:
On the basis of product type, the global GaN semiconductor market is segmented into:
- Radio Frequency Devices
- Power Semiconductors
On the basis of component, the global GaN semiconductor market is segmented into:
- Power ICs
On the basis of wafer size, the global GaN semiconductor market is segmented into:
On the basis of end-use Industry, the global GaN semiconductor market is segmented into:
- Consumer Electronics
- Defense & Aerospace
- Information & Communication Technology
- Industrial & Power
On the basis of region, the global GaN semiconductor market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa