Gallium Nitride (GaN) Semiconductor Devices Market to grow by USD 5.26 billion from 2022 to 2027 | Efficient Power Conversion Corp., Fujitsu Ltd., Infineon Technologies AG, and more among key companies

NEW YORK, Nov. 24, 2023 /PRNewswire/ — The gallium nitride (GaN) semiconductor devices market is expected to grow by USD 5.26 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 24.5% during the forecast period, according to Technavio. The increase in demand for GaN semiconductor devices is notably driving the gallium nitride (GaN) semiconductor devices market. However, factors such as high material and fabrication costs may impede market growth. The market is segmented by product (opto semiconductors and power semiconductors), end-user (defense and aerospace, consumer electronics, ICT, automotive, and industrial and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the gallium nitride (GaN) semiconductor devices market including Efficient Power Conversion Corp., Fujitsu Ltd., Infineon Technologies AG, MACOM Technology Solutions Holdings Inc., Microchip Technology Inc., Mitsubishi Electric Corp., Nexgen Power Systems Inc., Nichia Corp., Nippon Telegraph and Telephone Corp., Northrop Grumman Systems Corp., NXP Semiconductors NV, OSRAM GmbH, Panasonic Holdings Corp., Texas Instruments Inc., Toshiba Corp., Wolfspeed Inc., Qorvo Inc., and Transphorm Inc.

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Gallium Nitride (GaN) Semiconductor Devices Market 2023-2027: Company Analysis

Fujitsu Ltd. – The company offers a high gallium nitride GaN called a high electron mobility transistor HEMT power amplifier.

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Gallium Nitride (GaN) Semiconductor Devices Market 2023-2027: Segmentation

Product

The market share growth by the opto semiconductors segment will be significant during the forecast period. This is due to their reduced energy consumption, extended lifespan, and absence of toxic substances like mercury, the use of LEDs is eco-friendly.

End-user (defense and aerospace, consumer electronics, ICT, automotive, industrial, and others)

Geography

APAC is estimated to contribute 64% to the growth of the global market during the forecast period. The growth of the market in this region is being driven by actors such as industrial development, technology developments, and energy efficiency demand.

North America, Europe, South America, and Middle East and Africa

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Gallium Nitride (GaN) Semiconductor Devices Market 2023-2027: Key Highlights

Historic Market Size 2017-2021
CAGR of the market during 2023-2027
Detailed information on factors that will assist gallium nitride (GaN) semiconductor devices market growth during the next five years
Estimation of the gallium nitride (GaN) semiconductor devices market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the gallium nitride (GaN) semiconductor devices market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of gallium nitride (GaN) semiconductor devices market companies

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The silicon carbide market for semiconductor application market size is estimated to grow by USD 3,336.31 million at a CAGR of 22.1% between 2022 and 2027.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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