GaN Semiconductor Devices Market Size to Touch USD 19.5 billion, Rising at a CAGR of 27.4% by 2031 –Transparency Market Research, Inc.

Wilmington, Delaware, United States, Feb. 09, 2024 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global GaN semiconductor devices market is estimated to flourish at a CAGR of 27.4% from 2022 to 2031. Transparency Market Research projects that the overall sales revenue for GaN semiconductor devices is estimated to reach US$ 19.5 billion by the end of 2031. The burgeoning field of medical electronics demands GaN semiconductor devices for high-frequency surgical equipment, imaging systems, and diagnostic tools, fostering innovation in healthcare technology.

The adoption of GaN devices in industrial automation applications, such as motor drives and robotics, is driven by the need for enhanced efficiency, reliability, and precision in manufacturing processes. The aerospace and defense sectors increasingly rely on GaN semiconductor devices for radar systems, electronic warfare, and communications equipment, driven by requirements for advanced capabilities and enhanced performance in military operations.

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Some prominent players are as follows:

  • Analog Devices Inc.
  • CGD Cambridge GaN Devices
  • Efficient Power Conversion Corporation
  • Fujitsu
  • Infineon Technologies AG
  • Navitas Semiconductor
  • NXP Semiconductors
  • Qorvo Inc.
  • Renesas Electronics Corporation
  • Texas Instruments Incorporated
  • Transphorm Inc.

Rising industrialization and technological advancements in developing countries create new opportunities for GaN semiconductor device manufacturers to penetrate emerging markets and cater to evolving consumer demands.

Key Findings of the Market Report

  • Power ICs lead the GaN semiconductor devices market, facilitating efficient power conversion and management across various applications and industries.
  • The 6-inch wafer size segment leads the GaN semiconductor devices market, offering a balance between production efficiency and manufacturing scalability.
  • Telecom & Datacom Server application segment leads the GaN semiconductor devices market due to high demand for efficient power solutions.

GaN Semiconductor Devices Market Growth Drivers & Trends

  • Growing demand for efficient power electronics solutions in various industries fuels the adoption of GaN semiconductor devices.
  • The proliferation of 5G networks drives demand for GaN devices in high-frequency RF applications. 
  • Increasing adoption of electric vehicles necessitates GaN devices for power conversion and management systems. 
  • GaN devices enable efficient power conversion in renewable energy systems, supporting the global transition to sustainable energy sources. 
  • Trends towards miniaturization and high-power density applications fuel the demand for GaN devices offering superior performance in compact form factors.

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Global GaN Semiconductor Devices Market: Regional Profile

  • In North America, the GaN semiconductor devices market thrives amidst a robust ecosystem of technological innovation and research. Companies like Cree, Qorvo, and Infineon Technologies lead the market with their cutting-edge GaN solutions, catering to applications in power electronics, RF amplifiers, and automotive systems. The region’s emphasis on innovation, coupled with strong investments in R&D, drives market growth and product development initiatives.
  • Europe boasts a mature GaN semiconductor devices market, characterized by a strong focus on sustainability and energy efficiency. Leading players like NXP Semiconductors and STMicroelectronics dominate with their GaN-based power electronics solutions, catering to diverse industrial, automotive, and consumer electronics applications. Europe’s stringent regulatory environment and emphasis on green technologies fuel market demand for GaN devices with enhanced efficiency and performance.
  • Asia Pacific emerges as a key growth hub for the GaN semiconductor devices market, driven by rapid industrialization, urbanization, and increasing demand for high-performance electronics. Local players like GaN Systems and Navitas Semiconductor compete alongside global giants, leveraging Asia Pacific’s manufacturing prowess and burgeoning electronics industry to drive innovation and market expansion.

GaN Semiconductor Devices Market: Competitive Landscape
The GaN semiconductor devices market presents a competitive landscape shaped by technological advancements, product differentiation, and strategic partnerships. Key players such as Infineon Technologies, Cree, and Efficient Power Conversion (EPC) dominate with their innovative GaN solutions, catering to diverse applications in power electronics, RF amplifiers, and LED lighting.

Emerging contenders like GaN Systems and Navitas Semiconductor challenge the market with disruptive technologies and enhanced performance characteristics. Factors driving competition include reliability, efficiency, and cost-effectiveness of GaN devices, as manufacturers vie to capitalize on the expanding demand for high-power, high-frequency semiconductor solutions across various industries.

Product Portfolio

  • Navitas Semiconductor specializes in gallium nitride (GaN) power integrated circuits (ICs), offering high-efficiency, and compact solutions for power electronics applications. Their GaNFast technology enables faster charging, higher power density, and improved energy efficiency in a variety of electronic devices and systems.
  • NXP Semiconductors is a global leader in semiconductor solutions, providing a broad portfolio of products for automotive, industrial, and consumer electronics markets. Their offerings include microcontrollers, connectivity solutions, and security technologies, enabling innovative applications across diverse industries.
  • Qorvo Inc. is a leading provider of radio frequency (RF) solutions for mobile, infrastructure, and defense applications. Their portfolio includes RF chips, modules, and subsystems designed to enable wireless connectivity, enhance performance, and improve efficiency in a wide range of devices and systems.

GaN Semiconductor Devices Market: Key Segments
By Component

  • Transistor
  • Gate Driver IC
  • Power IC
  • Controller
  • Power Amplifier
  • Others [Switches, Monolithic Microwave Integrated Circuits (MMICs), etc.]

By Wafer Size

  • 1 & 2 Inch
  • 4 Inch
  • 6 Inch
  • 8 Inch
  • 12 Inch

By Application

  • Defense Communication Devices
  • Telecom & Datacom Server
  • Chargers & Adapters
  • Wireless Charging
  • Battery Test System
  • Energy Storage System
  • HVAC
  • Electronic Devices
  • Smartphones
  • Laptops & Notebooks
  • Others (Cable TV, CPEs, etc.)
  • Others (Motor Drives, Robots, etc.)

By End-Use Industry

  • IT & Telecommunication
  • Consumer Electronics
  • Automotive & Transportation
  • Aerospace & Defense
  • Energy & Utility
  • Industrial
  • Others (Healthcare, Food & Beverages, etc.)

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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