GaN Semiconductor Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The GaN Semiconductor Devices Market is segmented by Type (Power, Opto, RF), Device (Transistors, Diodes, Rectifiers, Power IC's), End-user Industry (Consumer Electronics, Automotive, Aerospace and Defense, Medical, Information Communication and Technology) and Region.

Market Snapshot

gan semiconductor devices market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 17.21 %

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Market Overview

The GaN semiconductor devices market valued at USD 977.21 million in 2019, and is expected to reach USD 2534.61 million by 2025, registering a CAGR of 17.21% over the forecast period of 2020-2025. Growing demand for radio frequency in the semiconductor market, and a prospering consumer electronics industry, particularly in LED-based lighting and displays and rise in electric vehicles, power delivery, and photovoltaic inverters are some of the major market driving factors for the GaN semiconductor devices market.

  • The various benefits of GaN, such as its cost-effective nature and elimination of cooling requirements have propelled its reach as compared to its contemporaries like silicon and gallium arsenide. The increasing adoption is also reinforced by the increase in demand for energy-efficient semiconductor devices in recent years.
  • Increasing demand for smartphones, gaming devices, laptops, and TVs is expected to drive the GaN semiconductor devices market in the consumer electronics sector.
  • With the introduction of the 5G standard, there is an increase in demand for high-power transistors and base stations, which is augmenting the demand for GaN power semiconductors in the ICT segment.

Scope of the Report

GaN is an emerging technology that shows promise to replace silicon MOSFETs. The various devices considered in the market studied are transistors, diodes, rectifier, and diodes. The several end-user industries covered in the report are automotive, consumer electronics, aerospace and defense, medical, and information and communication technology.

 

Type
Power Semiconductor
Opto-Semiconductor
RF Semiconductor
Devices
Transistors
Diodes
Rectifier
Power ICs
End-user Industry
Automotive
Consumer Electronics
Aerospace & Defense
Medical
Information Communication & Technology
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa

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Key Market Trends

Consumer Electronic Segment is Expected to Hold Largest Market Share

  • With the decrease in the price of GaN semiconductor technologies owing to increasing innovations, the rate of adoption of GaN is expected to increase over the years.
  • The data consumption rate, number of applications installed on a device, faster processors, improved RAM/ROM, robust displays consume battery more than what earlier specifications would use. With such technological advancements, the ability of batteries needs to increase. GaN semiconductors are revolutionizing the charging technologies in the existing electronic devices. The semiconductors are being employed in wireless charging, fast charging, etc.
  • Wider applications of GaN semiconductor device are ranging to other computer parts as well, for instance, switching mode power supply, an efficient energy converter.
  • With 5G wireless communication on its way, the usage of electronic devices would increase mulifold, thereby growing demand for GaN semiconductors.
gan semiconductor devices market

Asia-Pacific Region is Expected to Witness the Fastest Growth Rate

  • Increasing production and export of consumer electronics and automobiles from China, Japan, and India are driving the GaN market in Asia-Pacific.
  • Low labour and production costs in the region are essential factors fuelling the growth of the market.
  • China has 330,000 public charging points, compared with 67,500 in the United States, according to the MIT study.  Shenzhen City has a 100 % electric fleet of 16,000 buses and is switching its 22,000 taxis to EVs. The resort island of Hainan plans for 100 % adoption of EVs by 2030.
  • On 7 March 2019, the Indian government officially announced a 15% import subsidy on lithium. This indicates the ease of electric vehicle production in the country. Policy negotiations between the Prime Minister’s Office and the Department of Heavy Industry (DHI), the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme, was passed to make India ride on the path to electric mobility.
  • Various state governments in India, are pushing for mass adoption of electric buses. For instance, Mahindra and Tata are signing tenders with government bodies like Energy Efficiency Services Limited to provide EVs for government use.
gan semiconductor devices market

Competitive Landscape

This industry is dominated by the giants in the semiconductor industry. The competitive rivalry is high with the presence of companies like Panasonic Corporation, NXP Semiconductors NV, and Toshiba Corporation among others.

  • In 2019, Panasonic used its patented X-GaN technology to produce GaN-based transistors in a number of applications, including power converters with an efficiency of up to 99% and replacements for transistors in motor configurations.
  • In the consumer electronics segment, RAVPower introduced a new line of 45W GaN PD wall chargers in 2018 for faster charging.
  • At IMS 2018, NXP Semiconductors NV introduced new RF GaN wideband power transistors and also expanding its Airfast third-generation Si-LDMOS portfolio of macro and outdoor small cell solutions for 5G.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Growth of New Industries (Virtual Reality, Wireless Charging etc.)

      2. 4.3.2 Increasing Push towards Renewable Energy Forms

    4. 4.4 Market Restraints

      1. 4.4.1 Competition from Silicon Carbide Technology

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Power Semiconductor

      2. 5.1.2 Opto-Semiconductor

      3. 5.1.3 RF Semiconductor

    2. 5.2 Devices

      1. 5.2.1 Transistors

      2. 5.2.2 Diodes

      3. 5.2.3 Rectifier

      4. 5.2.4 Power ICs

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Consumer Electronics

      3. 5.3.3 Aerospace & Defense

      4. 5.3.4 Medical

      5. 5.3.5 Information Communication & Technology

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 South Korea

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Latin America

        2. 5.4.4.2 Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Toshiba Corporation

      2. 6.1.2 Panasonic Corporation

      3. 6.1.3 Cree Inc.

      4. 6.1.4 GaN Systems Inc.

      5. 6.1.5 Infineon Technologies AG

      6. 6.1.6 OSRAM GmbH

      7. 6.1.7 Efficient Power Conversion Corporation

      8. 6.1.8 NXP Semiconductors NV

      9. 6.1.9 Texas Instruments

      10. 6.1.10 NTT Advanced Technology Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The GaN Semiconductor Devices Market market is studied from 2018 - 2026.

The GaN Semiconductor Devices Market is growing at a CAGR of 17.21% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Panasonic Corporation, Toshiba Corporation, Texas Instruments, NXP Semiconductors NV, Infineon Technologies AG are the major companies operating in GaN Semiconductor Devices Market.

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