Report Ocean recently released a research report on the Gallium Nitride Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global gallium nitride market size is forecast to reach US$ 298 million by 2030 by growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2021-2030.
Gallium Nitride (GaN) is widely used in the manufacturing process of semiconductor power devices, RF components and, light-emitting diodes (LEDs).
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=Pol91
Factors Influencing
- The growing demand for electronic devices is the primary factor driving the market growth. Gallium Nitride is used in the place of sapphire, silicon carbide, and silicon. The material is widely preferred because of its high benefits, such as high output power, low power usage, lower resistance, and better efficiency. Moreover, the necessity to save energy would fuel the growth of the global gallium nitride market.
- Gallium nitride semiconductor devices maintain high breakdown voltage. It is helpful in decreasing conduction loss. As a result of this, the global gallium nitride market would benefit in the coming years.
- The growing demand for hybrid electric vehicles would fuel the market growth.
- The material is preferred for advanced applications in various sectors, such as defense, military, and aerospace. Apart from that, its benefits in the 5G infrastructure would contribute to the overall market growth in the coming years.
- The availability of proficient alternatives, such as silicon carbide semiconductor devices, may slow down the market growth during the analysis period.
COVID-19 Impact Analysis
The COVID-19 pandemic slowed down the growth of the overall Gallium Nitride market due to a pause in manufacturing activities. Apart from that, the manufacturing and adoption o electric activities almost halted, which created a significant loss for the global gallium nitride market. Many multinational companies had no option but to follow government rules & regulations. This resulted in a sudden decline in trade activities.
Geographic Analysis
North America is forecast to hold the maximum share of the global gallium nitride market. It is attributed to the developing IT infrastructure, internet penetration, increasing preference for electric vehicles. Apart from that, Europe is forecast to witness notable growth because of the rapidly growing industrialization.
The Asia Pacific market for gallium nitride would also witness substantial growth due to the increasing number of end-use industries, such as consumer electronics, industrial and automotive. Out of all the countries, China will be the major contributor to the growth of the Asia-pacific region, owing to the rising R&D investments and technological advancements.
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=Pol91
Competitors in the Market
- Cree Inc.
- Infineon Technologies AG
- Efficient Power Conversion Corporation
- GaN Systems Inc.
- NXP Semiconductors
- Qorvo Inc
- Texas Instruments Incorporated
- Toshiba Corporation
- Epistar Corporation
- Mitsubishi Electric Corporation
- Other prominent players
Market Segmentation
Insight by Wafer Size
- 2-inch wafer
- 4-inch wafer
- 6-inch
Insight by Device
- Opto-semiconductor device
- power semiconductor device
- RF semiconductor device
Insight by Component
- Transistor
- Diode
- Rectifier
- Others
Insight by Application
- Light detection and ranging
- Wireless and EV charging
- Radar and satellite radio frequency
- Others.
Insight by End User
- Information and communication technology
- Automotive
- Renewables
- Consumer electronics
- Military & defense
- Aerospace
- Medical
- Others
Get The Insights You Need By Customizing Your Report To Fit Your Unique Needs And Goals:https://reportocean.com/industry-verticals/sample-request?report_id=Pol91
Insight by Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Gallium Nitride Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Gallium Nitride market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Gallium Nitride Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Gallium Nitride market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Gallium Nitride market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Gallium Nitride market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Gallium Nitride market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Gallium Nitride business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol91
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.
Contact Information:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States
Telephone: +1 888 212 3539 (US – Toll-Free)
For more information and to explore their offerings, visit their website at:https://www.reportocean.com/