Gallium Nitride Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2030

The Global Gallium Nitride Market research study published by Emergen Research is an extensive collection of insightful information about the Gallium Nitride industry. The report covers the Gallium Nitride Market segmentation along with a detailed outline of the Gallium Nitride market size with regards to volume and valuation. The report provides comprehensive coverage of the Gallium Nitride market scenario for the current period and forecast timeline of 2021-2030. The Gallium Nitride market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

The global gallium nitride market is projected to be worth USD 320.4 Million by 2027, according to a current analysis by Emergen Research. The gallium nitride market is observing high demand attributed to the growing demand for gallium nitride devices in consumer electronics. Gallium nitride is garnering significant traction in the market and is replacing silicon for use in fast chargers for laptops and smart devices. In the last couple of years, the screen and battery size of smartphones have witnessed a significant increase, which, in turn, is causative of increased power consumption for smartphones, thereby pushing the market for fast chargers. Following the footsteps of aftermarket companies such as Anker, Belkin, AUKEY, and RAVpower, OEMs such as Samsung, Lenovo, and Oppo have started using gallium nitride for fast chargers’ mass production. Gallium nitride offers a thousand times more speed over silicon, giving the advantage of three times faster charging in weight and size, which is around half of the silicon-based chargers.

Factors influencing the growth of the Gallium Nitride market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Gallium Nitride market. The report discusses in detail the positive and negative impact of the pandemic on the Gallium Nitride industry. The supply chain disruptions and economic volatility have altered the dynamics of the Gallium Nitride industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.

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The content of each profile differs, depending on the organization. In general, a profile gives the following information:

Overview of the company’s Gallium Nitride products services

Analysis of recent financial performance–annual revenue of the companies

Assessment of developments–activities, acquisitions, production capacity, deals, new service offerings and collaborations

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The key companies studied in the report are:

DOWA Electronics Materials Co. Ltd., Cree Inc., American Elements, Furukawa Co. Ltd., Mitsubishi Chemical Corporation, Kyma Technologies Inc., Soitec, IQE PLC, Infineon Technologies, Nitride Semiconductors Co. Ltd.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

Segments Covered in this report are:

Substrate Type Outlook (Revenue, USD Billion; 2017-2027)
- GaN-on-SiC
- GaN-on-Si
- GaN-on-Sapphire
- Others

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline

Application Outlook (Revenue, USD Billion; 2017-2027)
- Radio Frequency Devices
  1. Wireless Infrastructure
  2. Satellite Communication
  3. Military Defense
  4. Others
- Power Electronics
  1. Power Supply
  2. Electric Vehicle
  3. LiDAR
  4. Servers Data Centers
  5. Wireless Power
  6. Solar Photovoltaic Technology
  7. Envelope Tracking
  8. Others
- Optoelectronics
  1. LED
  2. LASER
  3. Others

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The report addresses the following key points:

The report estimates the expected market size from 2021-2030
The report provides a forecast of market drivers, restraints, and future opportunities for the Gallium Nitride market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights

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