The Usage of Gallium Nitride Technology in Healthcare Equipment and Devices, Electrical Device and Equipment Manufacturing, And Other Applications Has Gained Momentum In The Recent Past.
According to Reports and Data, the global gallium nitride semiconductor device market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are rising construction activities, emergence of smart manufacturing for deployment of smart cities, and rising demand for autonomous cars. Increasing demand for various types of semiconductors for manufacturing of power electronics, rising demand for advanced technologies, equipment, and devices that are more energy-efficient and consume less electricity are other factors supporting market growth.
Gallium nitride (GaN) semiconductors have dynamic electrical properties, thus making these components suitable for high heat conduction owing to large electric field, high saturation velocity, and high breakdown voltage. These components are used in a variety of switching devices as well as in electronics industry to reduce power conduction and switching losses. This is enabling manufacturers to develop electronic devices that are more efficient and effective. Manufacturers frequently employ semiconductors based on gallium nitride technology to cater to technologically advanced requirements. In addition, they are focusing on improving GaN technology and entering into strategic partnerships and collaborations to strengthen their positions in the market.
Gallium nitride-based semiconductors are expected to replace silicon-based semiconductors due to less power consumption, high efficiency, and suitability in production of high-power electronic devices. Usage of gallium nitride technology in healthcare equipment and devices, electrical device and equipment manufacturing, and other applications has gained momentum in the recent past. In addition, high-frequency GaN devices are utilized in electric car communication systems and vehicle-to-grid communication systems. Supportive government initiatives and schemes to promote and encourage adoption of Electric Vehicles (EVs) in countries globally to reduce environmental impact and increasing consumer preference for more eco-friendly modes of transportation are other factors expected to drive demand for global gallium nitride semiconductor device market going ahead.
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Rising demand for power electronic devices from end-use industries and sectors is a major factor driving market revenue growth over the forecast period. GaN is considered as an ideal replacement material for silicone in medium-voltage power applications across semiconductor industry and in high-power computing/computer hardware modules and electronic systems. GaN semiconductors are used in Uninterrupted Power Supply (UPS) systems, electromechanical computing systems, and wireless charging applications and devices. GaN substantially outperforms pure silicon in terms of power efficiency at high voltages, offers greater reliability, and flexibility in power rectification, power factor correction, and power amplification. Rising demand for high-speed, high-operation-temperature, and low-on-resistance power semiconductor devices has been gaining traction due to advent of electric and hybrid cars, automotive braking control systems, and rail traction. In terms of performance, efficiency, and quality, GaN power devices are popular choice for applications such as automotive.
End-Use Industry Outlook
The global gallium nitride semiconductor device market is segmented on basis of end-use industry into consumer electronics, automotive, information & communication technology, healthcare, defense & aerospace, and others. The information and communication technology segment is projected to dominate other end-use industry segments in terms of revenue share during the forecasted period, primarily attributed to rising usage of Internet of Things (IoT) technologies. IoT devices require components that are efficient and cost-effective, consume less power, and are highly efficient, driving demand for advanced GaN-based semiconductors.
Regional Analysis
Based on regional analysis, North America gallium nitride semiconductor device market accounted for largest revenue share among other regional markets. This is attributed to rising defense and aerospace spending on R&D initiatives. In addition, governments in countries such as the United States are encouraging use of more energy-efficient equipment and devices and awarding contracts to a variety of industries that are in compliance, and the trend is expected to continue going ahead.
Asia Pacific gallium nitride semiconductor device market accounted for a robust revenue share in 2020, driven by rising demand for more efficient and high-performance RF components as a result of rapid technological advancements in electronics industry in the region. China and Japan are world’s top consumer electronics producers, with LED display devices, cellphones, and gaming consoles being among the primary products being manufactured.
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