Gallium Nitride Market is anticipated to grow with a steady CAGR through 2018 to 2023

Overview: Gallium Nitride (GaN) is widely accepted as green technology across most of the industries due to the properties such as high thermal stability, low power consumption, temperature resistance, and high voltage breakdown. Gallium Nitride is majorly used in the production of semiconductors, LEDs, and RF devices. Additionally, the GaN devices are smaller in sizes and lighter in weight, which further drives the market growth. The unique properties of GaN and its low cost over silicon have been the major driver of the global market and is expected to continue growing in the near future.
Key Global Players: Some of the top vendors in the Global Gallium Nitride Market (GaN) are; Mitsubishi Chemical Corporation (Japan), ON Semiconductor (U.S), Taiwan Semiconductor Manufacturing Company (Taiwan), Cree Inc. (U.S), GaN systems (Canada), FUJITSU (Japan), Efficient Power Conversion Corporation (U.S), IQE plc. (U.K), Koninklijke Philips N.V. (the Netherlands), Infineon Technologies Ag (Germany), Panasonic Corporation (Japan), Texas Instruments Incorporated (U.S), TOSHIBA CORPORATION (Japan), VisIC (Israel), and Nippon Telegraph and Telephone Corporation (Japan).
Categorization: The Global Gallium Nitride Market is segmented into End-user, type, and region.
The end-user industries of gallium nitride are segregated into automotive, consumer electronics, defense and aerospace, healthcare, industrial & power, and others. The automotive industry is the leading segment due to the excessive use of gallium nitride in electric vehicles, locomotives, and traffic signals. According to Statista, the global passenger car production was estimated to hit 78.6 million units in 2017. This trend is going to persist in coming years and is expected to fuel the market growth during the forecast period.
By type, the GaN market is divided into p-type and n-type. Among these two types, n-type is projected to lead the market on account of easy availability and cheap cost. However, p-type GaN is going through patent processes undertaken by many leading players and is not being fully commercialized as of 2016. Therefore, p-type gallium nitride is holding the least share in the global gallium nitride market.
Regional Analysis: The Global Gallium Nitride Market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.
North America and Europe are the leading contributors to the gallium nitride market. Countries like the U.S., Canada, and Mexico contribute due to the increased standards of lifestyles. With growing technological advances in defense, military and space science, North America and Europe are expected to be the major contributor to the market growth in coming years.
Asia Pacific is expected to witness a healthy market growth during the forecast period due to the availability of raw materials and the increasing demand for consumer electronics.
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