GaN Semiconductor Device Market Size, Share & Trends

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GaN Semiconductor Device Market Size, Share, Trends, Statistics and Industry Growth Analysis Report by Type (Opto-semiconductor, RF Semiconductor, Power Semiconductor), Device (Discrete, Integrated, HEMT, MMIC), Application (Lighting and Lasers, Power Drives), Voltage Range, Vertical and Region- Global Growth Driver and Industry Forecast to 2028

FREE BROCHURE FREE SAMPLE REPORT
Report Code: SE 1162 Aug, 2023, by marketsandmarkets.com

Updated on : October 23, 2024

GaN Semiconductor Device Market Size 

The global GaN semiconductor device market size is estimated to be worth USD 21.1 billion in 2023 and is projected to reach USD 28.3 billion by 2028, growing at a CAGR of 6.1% during the forecast period from 2023 to 2028.

Increasing adoption of GaN semiconductor devices in consumer and business enterprises, surging deploymnet of GaN semiconductor devices in energy & power industry, and growing integration of GaN semiconductor devices in automotive industry are some of the major factors driving the market growth globally.

GaN Semiconductor Device Market

GaN Semiconductor Device Market

GaN Semiconductor Device Market Forecast to 2028

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GaN Semiconductor Device Market Share

The GaN semiconductor device market share is experiencing significant growth, with its market share expanding rapidly. This growth is driven by the increasing demand for high-performance and energy-efficient electronic devices across various industries, including telecommunications, automotive, and consumer electronics. The market is projected to continue its upward trajectory, fueled by advancements in GaN technology that offer superior properties such as higher power density, greater thermal conductivity, and improved efficiency compared to traditional silicon-based devices. As a result, GaN semiconductors are becoming increasingly essential in applications requiring robust and efficient performance.

GaN Semiconductor Device Market Trends

Several key trends are shaping the GaN semiconductor device industry . One prominent trend is the rising adoption of GaN technology in power electronics and RF applications due to its high efficiency and power handling capabilities. Additionally, the growing focus on renewable energy sources and electric vehicles is driving the demand for GaN-based components in power conversion and battery charging systems. The market is also witnessing increased investment in research and development to further enhance GaN technology, leading to innovations such as GaN-on-silicon and GaN-on-diamond substrates, which promise to improve performance and reduce costs.

GaN Semiconductor Device Market Analysis

The GaN semiconductor device market analysis reveals a robust growth trajectory driven by technological advancements and expanding applications. The market's expansion is supported by the superior properties of GaN semiconductors, which offer advantages in terms of power efficiency, thermal management, and miniaturization. This analysis highlights the growing penetration of GaN devices in sectors like telecommunications, automotive, and consumer electronics, where high performance and efficiency are critical. Furthermore, strategic collaborations and investments by key industry players are fostering innovation and market growth, positioning GaN semiconductors as a pivotal technology for the future of high-performance electronic devices.

GaN Semiconductor Device Market Dynamics

Driver: Growing adoption of GaN semiconductor devices in consumer and business enterprises

The increasing demand for consumer electronics such as laptops, smartphones, power adapters, high-speed chargers, LED lighting, smart home devices, and gaming devices is expected to have a major impact on the growth of this market. The integration of GaN semiconductor devices in consumer electronics results in high power density and enhances efficiency. It enhances charging speeds, offers longer lifespans, and consumes less power. GaN semiconductor devices are also being deployed in enterprise applications as they are being used in base stations and other network equipment. Its high-power handling and high-frequency capabilities enhance wireless communications. Therefore, their increasing demand in the consumer electronics industry and from business enterprises is projected to fuel the market growth.

Restraint: High manufacturing cost

The high cost of GaN semiconductor devices has a major impact on their widespread adoption. Their high cost can be attributed to several factors. Firstly, the production of GaN substrates, the foundation upon which the devices are built, involves intricate techniques that require specialized equipment and expertise. This complexity significantly drives up manufacturing costs compared with more mature semiconductor materials like silicon. Additionally, the low availability of high-quality GaN substrates further contributes to their elevated price, limiting economies of scale in production.

Opportunity: Growing integration of GaN semiconductor devices in automotive industry

The automotive industry is experiencing a rise in demand for GaN semiconductor devices, which are used to improve the performance efficiency of electrification, connectivity, and autonomous driving. The limitations of power conversion in silicon semiconductor devices have led to an increased demand for GaN, which provides improved efficiency, speed, and smaller size to automotive electronics. GaN semiconductor devices can be used in several automotive applications such as hybrid and electric power DC-DC converters, Lidar and driver assist (ADAS) and autonomous navigation systems, motor drives, infotainment systems, and in Class D Audio systems. Therefore, the automotive industry is likely to see an increase in the deployment of GaN semiconductor. 

The GaN market is rapidly expanding as Gallium Nitride (GaN) technology continues to revolutionize industries that require high-performance, energy-efficient solutions. GaN, known for its wide-bandgap properties, enables faster switching, higher power densities, and greater efficiency compared to traditional silicon semiconductors. This makes it ideal for applications in power electronics, RF devices, 5G infrastructure, electric vehicles (EVs), and renewable energy systems. The GaN market is seeing significant demand in sectors like telecommunications, automotive, consumer electronics, and industrial automation, where the need for more compact and efficient devices is growing. As the world shifts towards energy-efficient technologies, the GaN market is expected to experience continued growth, driven by innovations in power conversion, wireless communication, and advanced manufacturing techniques. GaN’s ability to handle high power and operate at high frequencies positions it as a key enabler of next-generation electronics, making it a cornerstone of the future of technology.

Challenge: Manufacturing complexities associated with GaN semiconductor devices

GaN semiconductor devices involve several manufacturing complexities due to their unique properties and material characteristics. The epitaxial growth of GaN layers on substrates is an important step in GaN device manufacturing. These layers must be grown with crystalline quality and low defect density to achieve the desired optimal device performance. Likewise, while going through all the manufacturing processes, equipment, and materials, factors like thermal coefficients, polarization effects, bandgap and chemical stability, dopants in the crystal lattice, a stable gate insulator layer, crystal defect management, and thermal stability play an important role. These challenges can be resolved by launching reliable testing methods.

GaN Semiconductor Device Market Ecosystem

The prominent players in the GaN semiconductor device market are Qorvo, Inc. (US), Wolfspeed, Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), MACOM Technology Solutions Holdings, Inc. (US) and Infineon Technologies AG (Germany). These companies perform organic and inorganic growth strategies to expand themselves globally by providing advanced products of GaN semiconductor devices.

GaN Semiconductor Device Market by Ecosystem

GaN Semiconductor Device Market Segmentation

Discrete semiconductor segment to register largest market share in the GaN semiconductor device market during forecast period

Discrete GaN semiconductor components include GaN transistors and GaN diodes that are individually packaged and marketed. These components are used in diverse applications such as power supply units, inverters, and radio frequency (RF) amplifiers. GaN transistors and diodes effectively manage substantial voltage and current levels, leading to powerful designs. Additionally, they enable more compact and lightweight circuits suitable for applications where constraints on size and weight are paramount

Power & Energy to register highest CAGR in the GaN semiconductor device market during forecast period

The energy & power segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rising integration of GaN semiconductor devices into electronic systems to work in elevated temperatures, pressures, and voltages. Moreover, The GaN semiconductor technology foresees extensive adoption in energy and power solutions, encompassing realms such as energy storage systems, solar DC to AC inverters, AC solar panels, and volt-ampere reactive (VAR) compensators in the future.

GaN Semiconductor Device Market Regional Analysis

Asia Pacific held for the largest GaN semiconductor device market share in 2022

Asia Pacific is accounted for the largest share of the GaN semiconductor device market in 2022. The presence of established several semiconductor manufacturing companies such as Toshiba (Japan), Nichia Corporation (Japan), and Mitsubishi Electric (Japan), increasing integration in consumer & business enterprise verticals, government-led initiatives for innovation and industrial development are the major factors driving the market growth in Asia Pacific.

GaN Semiconductor Device Market by Region

GaN Semiconductor Device Market Statistics by Region

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Top GaN Semiconductor Device Companies - Market Key Players

The major players in the GaN semiconductor device companies include

  • Qorvo, Inc. (US),
  • Wolfspeed, Inc. (US),
  • Sumitomo Electric Industries, Ltd. (Japan),
  • MACOM Technology Solutions Holdings, Inc. (US) and
  • Infineon Technologies AG (Germany). These companies have used both organic and inorganic growth strategies such as product launches, agreements, collaborations, acquisitions, partnerships and expansions to strengthen their position in the market.

GaN Semiconductor Device Market Report Scope

Report Metric

Details

Estimated Market Size

USD 21.1 Billion

Projected Market Size

USD 28.3 Billion

Growth Rate

6.1%

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion), Volume (Million Units)

Segments covered

By Type, Device, Application, Voltage Range, Vertical and Region

Geographies covered

North America, Europe, Asia Pacific, and Rest of the World (RoW)

Companies covered

The major players in the GaN semiconductor device market are Wolfspeed, Inc. (US), Qorvo, Inc. (US), MACOM Technology Solutions Holdings, Inc. (US), Infineon Technologies AG (Germany), Sumitomo Electric Industries, Ltd. (Japan), Mitsubishi Electric Group (Japan), NexGen Power Systems. (US), GaN Systems (Canada), Efficient Power Conversion Corporation (US), Odyssey Semiconductor Technologies, Inc. (US), ROHM Co., Ltd. (Japan), STMicroelectronics N.V. (Switzerland), and NXP Semiconductors N.V. (Netherlands).

GaN Semiconductor Device Market size Highlights

The study segments the GaN semiconductor device market size based on type, device, application, voltage range, vertical, and region at the regional and global level.

Segment

Subsegment

GaN semiconductor device market size By Type
  • Opto-semiconductors
  • RF Semiconductors
  • Power Semiconductors

GaN semiconductor device market, By Device
  • Discrete Semiconductor
  • Integrated Semiconductor

GaN semiconductor device market size,  By Application
  • Lighting & Lasers
  • Power Drives
    • LiDAR
    • Industrial Drives
    • EV Drives
  • Supplies and Inverters
    • SMPS
    • Inverters
    • Wireless Charging
    • EV Charging
  • Radio Frequency (RF)
    • Front-end Module (FEM)
    • Repeater/ Booster/ DAS
    • Radar and Satellite

By Vertical
  • Consumer & Business Enterprises
  • Industrial
  • Automotive
  • Telecommunications
  • Aerospace & Defense
  • Healthcare
  • Energy & Power

GaN semiconductor device market size, By Voltage Range
  • Less than 100 V
  • 100-500 V
  • More than 500 V

By Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    •  France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Recent Developments in GaN Semiconductor Device Industry:  

  • In June 2023, Qorvo, Inc. announced the launch of QPB3810, a GaN-based power amplifier. It has integrated bias control for 5G massive multiple-input multiple-output (mMIMO) applications.
  • In March 2023, Infineon Technologies announced the plan to acquire GaN Systems for USD 830 million. This acquisition will strengthen the GaN portfolio and its position in the power system market.
  • In October 2022, Sumitomo Electric Industries, Ltd. announced the launch of GaN-HEMT, which uses N-polar GaN and hafnium (Hf)-based, highly heat-resistant, and high-dielectric material with high capacity and high-speed communications. The company strategically launched the GaN HEMT to strengthen its position for the post-5G era.
  • In June 2021, Wolfspeed, Inc. announced a partnership with MaxLinear, Inc. to innovate a new solution that increases the wireless capacity of a 5G base station that supports simultaneous users and increases the speed of data transmissions.
  • In January 2021, MACOM signed a cooperative research and development agreement with the US Air Force Research Laboratory regarding the Gallium Nitride-on-Silicon technology. Under this agreement MACOM and Air Force Research Laboratory (AFRL) will work together to transfer AFRL’s production of 0.14 micron GaN-on-SiC semiconductor process to MACOM’s trusted foundry based in US.

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GaN Semiconductor Device Market Report - TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 INCLUSIONS AND EXCLUSIONS: BY COMPANY
           1.3.2 INCLUSIONS AND EXCLUSIONS: BY TYPE
           1.3.3 INCLUSIONS AND EXCLUSIONS: BY DEVICE
           1.3.4 INCLUSIONS AND EXCLUSIONS: BY WAFER SIZE
           1.3.5 INCLUSIONS AND EXCLUSIONS: BY APPLICATION
           1.3.6 INCLUSIONS AND EXCLUSIONS: BY VERTICAL
           1.3.7 INCLUSIONS AND EXCLUSIONS: BY VOLTAGE RANGE
           1.3.8 INCLUSIONS AND EXCLUSIONS: BY REGION
    1.4 STUDY SCOPE 
           1.4.1 MARKETS COVERED
                    FIGURE 1 GAN SEMICONDUCTOR DEVICE MARKET: SEGMENTATION
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
    1.1 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH APPROACH 
           FIGURE 2 GAN SEMICONDUCTOR DEVICE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of key primary interview participants
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 3 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis
                               FIGURE 4 TOP-DOWN APPROACH
    2.3 FACTOR ANALYSIS 
           2.3.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 5 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS (APPROACH 1)
                    FIGURE 6 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS (APPROACH 2)
           2.3.2 GROWTH FORECAST ASSUMPTIONS
                    TABLE 1 MARKET: GROWTH FORECAST ASSUMPTIONS
    2.4 APPROACH TO ANALYZE RECESSION IMPACT ON GAN SEMICONDUCTOR DEVICE MARKET 
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RISK ASSESSMENT 
           TABLE 2 RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 8 GAN SEMICONDUCTOR DEVICE MARKET: GROWTH PROJECTION
    FIGURE 9 POWER SEMICONDUCTOR SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 DISCRETE SEMICONDUCTOR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
    FIGURE 11 POWER DRIVES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 12 ENERGY & POWER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 13 MORE THAN 500 V SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 14 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GAN SEMICONDUCTOR DEVICE MARKET 
           FIGURE 15 GROWING ADOPTION OF GAN SEMICONDUCTOR DEVICES IN AUTOMOTIVE VERTICAL
    4.2 MARKET, BY TYPE 
           FIGURE 16 OPTO-SEMICONDUCTOR SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GAN SEMICONDUCTOR DEVICE MARET IN 2028
    4.3 MARKET, BY DEVICE 
           FIGURE 17 DISCRETE SEMICONDUCTOR SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028
    4.4  MARKET, BY APPLICATION 
           FIGURE 18 LIGHTING & LASERS SEGMENT TO WITNESS SIGNIFICANT GROWTH IN MARKET DURING FORECAST PERIOD
    4.5 MARKET, BY VERTICAL 
           FIGURE 19 CONSUMER & BUSINESS ENTERPRISES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.6 GAN SEMICONDUCTOR DEVICE MARKET, BY VOLTAGE RANGE 
           FIGURE 20 LESS THAN 100 V SEGMENT TO DOMINATE MARKET BETWEEN 2023 AND 2028
    4.7 ASIA PACIFIC MARKET, BY TYPE AND COUNTRY 
           FIGURE 21 OPTO-SEMICONDUCTOR SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2022
 
5 MARKET OVERVIEW (Page No. - 65)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 22 GAN SEMICONDUCTOR DEVICE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing adoption of GaN semiconductor devices in consumer & business enterprises
                    5.2.1.2 Rising applications of GaN semiconductor devices in energy & power vertical
                    5.2.1.3 Growing need for miniaturization in various industries
                    5.2.1.4 Increasing government-led schemes for boosting adoption of GaN semiconductor devices
                               FIGURE 23 MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High manufacturing cost
                    5.2.2.2 Excellent efficacy of alternative technologies in high-voltage semiconductor applications
                               FIGURE 24 MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing deployment of GaN semiconductor devices in automotive vertical
                               FIGURE 25 VEHICLE PRODUCTION IN ASIA PACIFIC, 2019–2022
                    5.2.3.2 Technological advancements in GaN semiconductor devices
                               FIGURE 26 GAN SEMICONDUCTOR DEVICE MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Manufacturing and designing complexities associated with GaN semiconductor devices
                               FIGURE 27 MARKET: CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 28 MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           TABLE 3 GAN SEMICONDUCTOR DEVICE MARKET: ECOSYSTEM ANALYSIS
           FIGURE 29 MARKET: ECOSYSTEM ANALYSIS
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 30 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN GAN SEMICONDUCTOR DEVICE MARKET
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 VERTICAL GAN
                    5.6.1.1 Key applications
                               TABLE 4 VERTICAL GAN MARKET POTENTIAL FOR 2022 AND 2028
                    5.6.1.2 Recent developments
                               5.6.1.2.1 Product launches
           5.6.2 GAN-ON-SIC
           5.6.3 GAN-ON-SI
           5.6.4 INGAN
           5.6.5 GAN-ON-DIAMOND
    5.7 PRICING ANALYSIS 
           5.7.1 AVERAGE SELLING PRICE (ASP) OF GAN TRANSISTORS (GAN HEMTS) AND GAN AMPLIFIERS OFFERED BY FOUR KEY PLAYERS
                    FIGURE 31 AVERAGE SELLING PRICE (ASP) OF GAN TRANSISTORS (GAN HEMTS) AND GAN AMPLIFIERS OFFERED BY FOUR KEY PLAYERS
                    TABLE 5 AVERAGE SELLING PRICE (ASP) OF GAN TRANSISTORS (GAN HEMTS) AND GAN AMPLIFIERS OFFERED BY FOUR KEY PLAYERS
           5.7.2 AVERAGE SELLING PRICE (ASP) TREND
                    FIGURE 32 AVERAGE SELLING PRICE (ASP) TREND FOR GAN TRANSISTORS (GAN HEMTS) AND GAN AMPLIFIERS
    5.8 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 6 MARKET: PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 33 MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022
                    FIGURE 34 MARKET: IMPACT OF PORTER’S FIVE FORCES, 2022
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FOUR KEY APPLICATIONS
                    TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FOUR KEY APPLICATIONS
           5.9.2 BUYING CRITERIA
                    FIGURE 36 KEY BUYING CRITERIA FOR FOUR KEY APPLICATIONS OF GAN SEMICONDUCTOR DEVICES
                    TABLE 8 KEY BUYING CRITERIA FOR FOUR KEY APPLICATIONS OF GAN SEMICONDUCTOR DEVICES
    5.10 CASE STUDY ANALYSIS 
           5.10.1 ORCHARD AUDIO INTEGRATED GAN SYSTEMS’ GAN TRANSISTORS INTO STARKRIMSON STREAMER ULTRA TO ENHANCE AUDIO PERFORMANCE AND REDUCE SIZE
           5.10.2 MAXLINEAR USED WOLFSPEED’S GAN-ON-SIC AMPLIFIERS TO INCREASE WIRELESS CAPACITY OF ULTRA-WIDEBAND LINEARIZATION SOLUTION
           5.10.3 BRIGHTLOOP CONVERTERS DEPLOYED GAN SYSTEMS’ GAN TRANSISTORS TO ENHANCE PERFORMANCE OF DCDC CONVERTERS
           5.10.4 CORSAIR GAMING USED TRANSPHORM’S GAN FETS TO DELIVER HIGH POWER OUTPUT IN GAMING APPLICATIONS
    5.11 TRADE ANALYSIS 
           TABLE 9 IMPORT DATA FOR HS CODE 381800, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 37 IMPORT DATA FOR HS CODE 831800, 2018–2022
           TABLE 10 EXPORT DATA FOR HS CODE 381800, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 38 EXPORT DATA FOR HS CODE 381800, 2018–2022
    5.12 PATENT ANALYSIS 
           TABLE 11 PATENTS FILED BETWEEN JANUARY 2012 AND DECEMBER 2022
           FIGURE 39 NUMBER OF PATENTS GRANTED, 2012–2022
           FIGURE 40 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS GRANTED
           TABLE 12 KEY PATENTS RELATED TO GAN SEMICONDUCTOR DEVICES
    5.13 REGULATORY ANALYSIS 
           5.13.1 GLOBAL
           5.13.2 GOVERNMENT REGULATIONS
                    5.13.2.1 Asia Pacific
                    5.13.2.2 North America
                    5.13.2.3 Europe
    5.14 KEY CONFERENCES AND EVENTS, 2023—2024 
           TABLE 13 GAN SEMICONDUCTOR DEVICE MARKET: LIST OF KEY CONFERENCES AND EVENTS
 
6 GAN SEMICONDUCTOR DEVICE MARKET, BY WAFER SIZE (Page No. - 93)
    6.1 INTRODUCTION 
    6.2 2 INCHES 
    6.3 4 INCHES 
    6.4 6 INCHES AND ABOVE 
 
7 GAN SEMICONDUCTOR DEVICE MARKET, BY TYPE (Page No. - 95)
    7.1 INTRODUCTION 
           FIGURE 41 POWER SEMICONDUCTOR SEGMENT TO REGISTER HIGHEST CAGR IN GAN SEMICONDUCTOR DEVICE MARKET DURING FORECAST PERIOD
           TABLE 14 MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 15 GMARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.2 OPTO-SEMICONDUCTOR 
           7.2.1 INCREASING DEMAND FOR LEDS IN INDUSTRIAL AND AUTOMOTIVE VERTICALS
                    TABLE 16 OPTO-SEMICONDUCTOR: MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 17 OPTO-SEMICONDUCTOR: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 18 OPTO-SEMICONDUCTOR: NORTH AMERICA MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 19 OPTO-SEMICONDUCTOR: NORTH AMERICA MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 20 OPTO-SEMICONDUCTOR: EUROPE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 21 OPTO-SEMICONDUCTOR: EUROPE MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 22 OPTO-SEMICONDUCTOR: ASIA PACIFIC MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 23 OPTO-SEMICONDUCTOR: ASIA PACIFIC GAN SEMICONDUCTOR DEVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 24 OPTO-SEMICONDUCTOR: ROW MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 25 OPTO-SEMICONDUCTOR: ROW MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 26 OPTO-SEMICONDUCTOR: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 27 OPTO-SEMICONDUCTOR: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 POWER SEMICONDUCTOR 
           7.3.1 GROWING DEMAND FOR HIGH-SPEED SWITCHING SYSTEMS
                    TABLE 28 POWER SEMICONDUCTOR: GAN SEMICONDUCTOR DEVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 29 POWER SEMICONDUCTOR: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 30 POWER SEMICONDUCTOR: NORTH AMERICA MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 31 POWER SEMICONDUCTOR: NORTH AMERICA MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 32 POWER SEMICONDUCTOR: EUROPE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 33 POWER SEMICONDUCTOR: EUROPE GAN SEMICONDUCTOR DEVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 34 POWER SEMICONDUCTOR: ASIA PACIFIC MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 35 POWER SEMICONDUCTOR: ASIA PACIFIC MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 36 POWER SEMICONDUCTOR: ROW  MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 37 POWER SEMICONDUCTOR: ROW MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 38 POWER SEMICONDUCTOR: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 39 POWER SEMICONDUCTOR: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 40 POWER SEMICONDUCTOR: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 41 POWER SEMICONDUCTOR: GAN SEMICONDUCTOR DEVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 42 POWER SEMICONDUCTOR: MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                    TABLE 43 POWER SEMICONDUCTOR: MARKET, BY DEVICE, 2023–2028 (USD MILLION)
                    TABLE 44 POWER SEMICONDUCTOR: MARKET, BY DEVICE, 2019–2022 (MILLION UNITS)
                    TABLE 45 POWER SEMICONDUCTOR: MARKET, BY DEVICE, 2023–2028 (MILLION UNITS)
                    7.3.1.1 Discrete power semiconductor
                    7.3.1.2 Integrated power semiconductor
    7.4 RF SEMICONDUCTOR 
           7.4.1 RISING NEED FOR HIGH-POWER SOLUTIONS IN VERY HIGH FREQUENCY (VHF), ULTRA-HIGH FREQUENCY (UHF), AND MICROWAVE BANDS
                    TABLE 46 RF SEMICONDUCTOR: MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 47 RF SEMICONDUCTOR: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 48 RF SEMICONDUCTOR: NORTH AMERICA  MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 49 RF SEMICONDUCTOR: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 50 RF SEMICONDUCTOR: EUROPE GAN SEMICONDUCTOR DEVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 51 RF SEMICONDUCTOR: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 52 RF SEMICONDUCTOR: MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 53 RF SEMICONDUCTOR: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 54 RF SEMICONDUCTOR: ROW GAN SEMICONDUCTOR DEVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 55 RF SEMICONDUCTOR: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 56 RF SEMICONDUCTOR: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 57 RF SEMICONDUCTOR: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 58 RF SEMICONDUCTOR: MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                    TABLE 59 RF SEMICONDUCTOR: MARKET, BY DEVICE, 2023–2028 (USD MILLION)
                    TABLE 60 RF SEMICONDUCTOR: MARKET, BY DEVICE, 2019–2022 (MILLION UNITS)
                    TABLE 61 RF SEMICONDUCTOR: GAN SEMICONDUCTOR DEVICE MARKET, BY DEVICE, 2023–2028 (MILLION UNITS)
                    7.4.1.1 Discrete RF semiconductor
                    7.4.1.2 Integrated RF semiconductor
 
8 GAN SEMICONDUCTOR DEVICE MARKET, BY DEVICE (Page No. - 115)
    8.1 INTRODUCTION 
           FIGURE 42 INTEGRATED SEMICONDUCTOR SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 62 MARKET, BY DEVICE, 2019–2022 (USD MILLION)
           TABLE 63 MARKET, BY DEVICE, 2023–2028 (USD MILLION)
    8.2 DISCRETE SEMICONDUCTOR 
           TABLE 64 DISCRETE SEMICONDUCTOR: GAN SEMICONDUCTOR DEVICE MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 65 DISCRETE SEMICONDUCTOR: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.2.1 GAN TRANSISTOR
                    8.2.1.1 Increasing adoption of GaN High Electron Mobility Transistors (HEMTs) in 5G wireless and satellite communication and radar systems
           8.2.2 GAN DIODE
                    8.2.2.1 Growing use in power electronics
    8.3 INTEGRATED SEMICONDUCTOR 
           TABLE 66 INTEGRATED SEMICONDUCTOR: MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 67 INTEGRATED SEMICONDUCTOR: GAN SEMICONDUCTOR DEVICE MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.3.1 GAN MONOLITHIC MICROWAVE INTEGRATED CIRCUIT (MMIC)
                    8.3.1.1 Increasing demand for advanced communication systems
           8.3.2 GAN AMPLIFIER
                    8.3.2.1 Rising need for high-frequency and high-power capabilities in satellite communication
 
9 GAN SEMICONDUCTOR DEVICE MARKET, BY VOLTAGE RANGE (Page No. - 120)
    9.1 INTRODUCTION 
           FIGURE 43 MORE THAN 500 V SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 68 MARKET, BY VOLTAGE RANGE, 2019–2022 (USD MILLION)
           TABLE 69 GAN SEMICONDUCTOR DEVICE MARKET SIZE, BY VOLTAGE RANGE, 2023–2028 (USD MILLION)
    9.2 LESS THAN 100 V 
           9.2.1 INCREASING NEED FOR HIGH SWITCHING SPEED AND POWER EFFICIENCY IN CHARGERS AND LAPTOPS
    9.3 100–500 V 
           9.3.1 GROWING REQUIREMENT FOR ELEVATED VOLTAGE LEVELS IN VARIOUS APPLICATIONS
    9.4 MORE THAN 500 V 
           9.4.1 RISING NEED FOR EFFICIENCY IN HIGH-VOLTAGE POWER DRIVE APPLICATIONS
 
10 GAN SEMICONDUCTOR DEVICE MARKET, BY APPLICATION (Page No. - 124)
     10.1 INTRODUCTION 
             FIGURE 44 POWER DRIVES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 70 MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 71 GAN SEMICONDUCTOR DEVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.2 LIGHTING AND LASERS 
             10.2.1 INCREASING DEMAND FOR HIGH-POWER LASER SYSTEMS
     10.3 POWER DRIVES 
             FIGURE 45 EV DRIVES SEGMENT TO REGISTER HIGHEST CAGR IN MARKET FOR POWER DRIVES DURING FORECAST PERIOD
             TABLE 72 POWER DRIVES: MARKET, BY APPLICATION, 2019–2022 (USD THOUSAND)
             TABLE 73 POWER DRIVES: MARKET, BY APPLICATION, 2023–2028 (USD THOUSAND)
             10.3.1 LIGHT DETECTION AND RANGING (LIDAR)
             10.3.2 INDUSTRIAL DRIVES
                        10.3.2.1 Growing demand for GaN-based motor drives to enhance efficiency and performance within minimal timeframe
             10.3.3 EV DRIVES
                        10.3.3.1 Increasing demand for GaN-based motor drives to reduce power conversion losses
     10.4 SUPPLIES AND INVERTERS 
             TABLE 74 SUPPLIES AND INVERTERS:  MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 75 SUPPLIES AND INVERTERS:  MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.1 SWITCH-MODE POWER SUPPLIES
                        10.4.1.1 Implementation of GaN-based switch-mode power supplies (SMPSs) in refrigerators, freezers, and air conditioners
             10.4.2 INVERTERS
                        10.4.2.1 Rising use of PV solar inverters and renewable energy solutions
             10.4.3 WIRELESS CHARGING
                        10.4.3.1 Growing use of wireless chargers to enhance efficiency of wireless power transmission units
             10.4.4 EV CHARGING
                        10.4.4.1 Increasing deployment of GaN semiconductor devices in EV charging infrastructure
     10.5 RADIO FREQUENCY 
             TABLE 76 RADIO FREQUENCY: GAN SEMICONDUCTOR DEVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 77 RADIO FREQUENCY: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.5.1 RADIO FREQUENCY FRONT-END MODULES
                        10.5.1.1 Deployment of GaN semiconductor devices in 5G base stations and terminals
             10.5.2 REPEATERS/BOOSTERS/DASS
                        10.5.2.1 Increasing demand for GaN semiconductor devices to enhance transmission of radio waves
             10.5.3 RADARS AND SATELLITES
                        10.5.3.1 Efficient power conversion and switching capabilities at high-frequency bands
 
11 GAN SEMICONDUCTOR DEVICE MARKET, BY VERTICAL (Page No. - 135)
     11.1 INTRODUCTION 
             FIGURE 46 ENERGY & POWER SEGMENT TO REGISTER HIGHEST CAGR IN GAN SEMICONDUCTOR MARKET DURING FORECAST PERIOD
             TABLE 78 MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
             TABLE 79 MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
     11.2 CONSUMER & BUSINESS ENTERPRISES 
             11.2.1 INTEGRATION OF GAN SEMICONDUCTOR DEVICES INTO LAPTOPS, DISPLAYS, AND MOBILE DEVICES
                        TABLE 80 CONSUMER & BUSINESS ENTERPRISES: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 81 CONSUMER & BUSINESS ENTERPRISES: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 82 CONSUMER & BUSINESS ENTERPRISES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 83 CONSUMER & BUSINESS ENTERPRISES: MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.3 TELECOMMUNICATIONS 
             11.3.1 GROWING NEED FOR FAST DATA TRANSMISSION, IMPROVED SIGNAL QUALITY, AND REDUCED POWER CONSUMPTION
                        TABLE 84 TELECOMMUNICATIONS: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 85 TELECOMMUNICATIONS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 86 TELECOMMUNICATIONS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 87 TELECOMMUNICATIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.4 AUTOMOTIVE 
             11.4.1 RISING DEPLOYMENT OF GAN SEMICONDUCTOR DEVICES IN ELECTRIC AND HYBRID VEHICLES
                        TABLE 88 AUTOMOTIVE: GAN SEMICONDUCTOR DEVICE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 89 AUTOMOTIVE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 90 AUTOMOTIVE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 91 AUTOMOTIVE: MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.5 INDUSTRIAL 
             11.5.1 GROWING USE OF GAN SEMICONDUCTOR DEVICES IN POWER DISTRIBUTION SYSTEMS TO DELIVER EFFICIENT OPERATIONS
                        TABLE 92 INDUSTRIAL: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 93 INDUSTRIAL: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 94 INDUSTRIAL: MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 95 MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)
     11.6 ENERGY & POWER 
             11.6.1 INTEGRATION OF GAN SEMICONDUCTOR DEVICES INTO ELECTRONIC SYSTEMS TO HARNESS PERFORMANCE
                        FIGURE 47 RF SEMICONDUCTOR SEGMENT TO HOLD LARGER SHARE OF MARKET FOR ENERGY & POWER IN 2028
                        TABLE 96 ENERGY & POWER: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 97 ENERGY & POWER:  MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 98 ENERGY & POWER: MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 99 ENERGY & POWER: MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.7 HEALTHCARE 
             11.7.1 INSTALLATION OF GAN SEMICONDUCTOR DEVICES IN WIRELESS POWER CHARGING SYSTEMS AND PRECISION SURGICAL ROBOTS
                        TABLE 100 HEALTHCARE: GAN SEMICONDUCTOR DEVICE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 101 HEALTHCARE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 102 HEALTHCARE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 103 HEALTHCARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.8 AEROSPACE & DEFENSE 
             11.8.1 INCREASING USE OF GAN-BASED SOLUTIONS IN RADAR SYSTEMS AND MILITARY RF TECHNOLOGY
                        TABLE 104 AEROSPACE & DEFENSE: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 105 AEROSPACE & DEFENSE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 106 AEROSPACE & DEFENSE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 107 AEROSPACE & DEFENSE: GAN SEMICONDUCTOR DEVICE MARKET, BY REGION, 2023–2028 (USD MILLION)
 
12 GAN SEMICONDUCTOR DEVICE MARKET, BY REGION (Page No. - 153)
     12.1 INTRODUCTION 
             FIGURE 48 SOUTH KOREA MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 108 MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 109 MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.2 NORTH AMERICA 
             FIGURE 49 NORTH AMERICA: SNAPSHOT OF GAN SEMICONDUCTOR DEVICE MARKET
             TABLE 110 NORTH AMERICA: MARKET, BY TYPE, 2019–2022 (USD MILLION)
             TABLE 111 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             TABLE 112 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 113 NORTH AMERICA:  MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 114 NORTH AMERICA: MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
             TABLE 115 NORTH AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             12.2.1 NORTH AMERICA: RECESSION IMPACT
             12.2.2 US
                        12.2.2.1 Growing demand for electric and hybrid electric vehicles and electric vehicle charging stations
             12.2.3 CANADA
                        12.2.3.1 Increasing demand for energy and power generators
             12.2.4 MEXICO
                        12.2.4.1 Rising demand for cellular base stations
     12.3 EUROPE 
             FIGURE 50 EUROPE: SNAPSHOT OF GAN SEMICONDUCTOR DEVICE MARKET
             TABLE 116 EUROPE: MARKET, BY TYPE, 2019–2022 (USD MILLION)
             TABLE 117 EUROPE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             TABLE 118 EUROPE: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 119 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 120 EUROPE: MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
             TABLE 121 EUROPE: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             12.3.1 EUROPE: RECESSION IMPACT
             12.3.2 UK
                        12.3.2.1 Increasing government-led initiatives and research and development
             12.3.3 GERMANY
                        12.3.3.1 Rising focus on infrastructure development
             12.3.4 FRANCE
                        12.3.4.1 Increasing demand for GaN transistors and GaN power amplifiers in major industries and sectors
             12.3.5 REST OF EUROPE
     12.4 ASIA PACIFIC 
             FIGURE 51 ASIA PACIFIC: SNAPSHOT OF GAN SEMICONDUCTOR DEVICE MARKET
             TABLE 122 ASIA PACIFIC: MARKET, BY TYPE, 2019–2022 (USD MILLION)
             TABLE 123 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             TABLE 124 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 125 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 126 ASIA PACIFIC: MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
             TABLE 127 ASIA PACIFIC: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             12.4.1 ASIA PACIFIC: RECESSION IMPACT
             12.4.2 CHINA
                        12.4.2.1 Growing adoption of GaN semiconductor devices in electric vehicle (EV) industry
             12.4.3 JAPAN
                        12.4.3.1 Large presence of semiconductor manufacturing companies
             12.4.4 SOUTH KOREA
                        12.4.4.1 Government-led initiatives for innovation and industrial development
             12.4.5 REST OF ASIA PACIFIC
     12.5 ROW 
             TABLE 128 ROW: GAN SEMICONDUCTOR DEVICE MARKET, BY TYPE, 2019–2022 (USD MILLION)
             TABLE 129 ROW: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             TABLE 130 ROW: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 131 ROW: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 132 ROW: MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
             TABLE 133 ROW:  MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             12.5.1 ROW: RECESSION IMPACT
             12.5.2 MIDDLE EAST & AFRICA
                        12.5.2.1 Rising focus on development of telecommunications and power industries
             12.5.3 SOUTH AMERICA
                        12.5.3.1 Increasing use of advanced technologies in telecommunications industry
 
13 COMPETITIVE LANDSCAPE (Page No. - 174)
     13.1 OVERVIEW 
     13.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
             TABLE 134 GAN SEMICONDUCTOR DEVICE MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
             FIGURE 52 COMPANIES ADOPTED ACQUISITIONS AS KEY GROWTH STRATEGY FROM 2021 TO 2023
             13.2.1 ORGANIC/INORGANIC GROWTH STRATEGIES
             13.2.2 PRODUCT PORTFOLIO
             13.2.3 GEOGRAPHICAL PRESENCE
             13.2.4 MANUFACTURING FOOTPRINT
     13.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 135 MARKET: DEGREE OF COMPETITION
     13.4 REVENUE ANALYSIS, 2018–2022 
             FIGURE 53 REVENUE ANALYSIS OF TOP FIVE COMPANIES, 2018–2022 (USD BILLION)
     13.5 COMPANY EVALUATION MATRIX, 2022 
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                        FIGURE 54 MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     13.6 COMPETITIVE BENCHMARKING OF KEY PLAYERS 
           TABLE 136 COMPANY FOOTPRINT
           TABLE 137 DEVICE: COMPANY FOOTPRINT
           TABLE 138 APPLICATION: COMPANY FOOTPRINT
           TABLE 139 REGION: COMPANY FOOTPRINT
     13.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             13.7.1 PROGRESSIVE COMPANIES
             13.7.2 RESPONSIVE COMPANIES
             13.7.3 DYNAMIC COMPANIES
             13.7.4 STARTING BLOCKS
                        FIGURE 55 GAN SEMICONDUCTOR DEVICE MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
     13.8 COMPETITIVE BENCHMARKING OF STARTUPS/SMES 
             TABLE 140 MARKET: LIST OF KEY STARTUPS/SMES
             TABLE 141 DEVICE: STARTUPS/SMES FOOTPRINT
             TABLE 142 APPLICATION: STARTUPS/SMES FOOTPRINT
             TABLE 143 REGION: STARTUPS/SMES FOOTPRINT
     13.9 COMPETITIVE SCENARIOS AND TRENDS 
             13.9.1 PRODUCT LAUNCHES
                        TABLE 144 MARKET: PRODUCT LAUNCHES, 2020–2023
             13.9.2 DEALS
                        TABLE 145 MARKET: DEALS, 2021–2023
             13.9.3 OTHERS
                        TABLE 146 GAN SEMICONDUCTOR DEVICE MARKET: OTHERS, 2020–2023
 
14 COMPANY PROFILES (Page No. - 197)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     14.1 INTRODUCTION 
     14.2 KEY PLAYERS 
             14.2.1 NEXGEN POWER SYSTEMS
                        TABLE 147 NEXGEN POWER SYSTEMS: COMPANY OVERVIEW
                        TABLE 148 NEXGEN POWER SYSTEMS: PRODUCTS OFFERED
                        TABLE 149 NEXGEN POWER SYSTEMS: PRODUCT LAUNCHES
             14.2.2 WOLFSPEED, INC.
                        TABLE 150 WOLFSPEED, INC.: COMPANY OVERVIEW
                        FIGURE 56 WOLFSPEED, INC.: COMPANY SNAPSHOT
                        TABLE 151 WOLFSPEED, INC.: PRODUCTS OFFERED
                        TABLE 152 WOLFSPEED, INC.: PRODUCT LAUNCHES
                        TABLE 153 WOLFSPEED, INC.: DEALS
             14.2.3 GAN SYSTEMS
                        TABLE 154 GAN SYSTEMS: COMPANY OVERVIEW
                        TABLE 155 GAN SYSTEMS: PRODUCTS OFFERED
                        TABLE 156 GAN SYSTEMS: PRODUCT LAUNCHES
                        TABLE 157 GAN SYSTEMS: DEALS
                        TABLE 158 GAN SYSTEMS: OTHERS
             14.2.4 SUMITOMO ELECTRIC INDUSTRIES, LTD.
                        TABLE 159 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
                        FIGURE 57 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
                        TABLE 160 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS OFFERED
                        TABLE 161 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCT LAUNCHES
             14.2.5 INFINEON TECHNOLOGIES AG
                        TABLE 162 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
                        FIGURE 58 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                        TABLE 163 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED
                        TABLE 164 INFINEON TECHNOLOGIES AG: DEALS
                        TABLE 165 INFINEON TECHNOLOGIES AG: OTHERS
             14.2.6 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
                        TABLE 166 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: COMPANY OVERVIEW
                        FIGURE 59 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: COMPANY SNAPSHOT
                        TABLE 167 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: PRODUCTS OFFERED
                        TABLE 168 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: PRODUCT LAUNCHES
                        TABLE 169 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: DEALS
                        TABLE 170 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: OTHERS
             14.2.7 QORVO, INC.
                        TABLE 171 QORVO, INC.: COMPANY OVERVIEW
                        FIGURE 60 QORVO, INC.: COMPANY SNAPSHOT
                        TABLE 172 QORVO, INC.: PRODUCTS OFFERED
                        TABLE 173 QORVO, INC.: PRODUCT LAUNCHES
             14.2.8 MITSUBISHI ELECTRIC GROUP
                        TABLE 174 MITSUBISHI ELECTRIC GROUP: COMPANY OVERVIEW
                        FIGURE 61 MITSUBISHI ELECTRIC GROUP: COMPANY SNAPSHOT
                        TABLE 175 MITSUBISHI ELECTRIC GROUP: PRODUCTS OFFERED
                        TABLE 176 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
             14.2.9 EFFICIENT POWER CONVERSION CORPORATION
                        TABLE 177 EFFICIENT POWER CONVERSION CORPORATION: COMPANY OVERVIEW
                        TABLE 178 EFFICIENT POWER CONVERSION CORPORATION: PRODUCTS OFFERED
                        TABLE 179 EFFICIENT POWER CONVERSION CORPORATION: PRODUCT LAUNCHES
                        TABLE 180 EFFICIENT POWER CONVERSION: DEALS
             14.2.10 ODYSSEY SEMICONDUCTOR TECHNOLOGIES, INC.
                        TABLE 181 ODYSSEY SEMICONDUCTOR TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 62 ODYSSEY SEMICONDUCTOR TECHNOLOGIES, INC.: COMPANY SNAPSHOT
                        TABLE 182 ODYSSEY SEMICONDUCTOR TECHNOLOGIES, INC.: PRODUCTS OFFERED
                        TABLE 183 ODYSSEY SEMICONDUCTOR TECHNOLOGIES, INC.: PRODUCT LAUNCHES
             14.2.11 ROHM CO., LTD.
                        TABLE 184 ROHM CO., LTD.: COMPANY OVERVIEW
                        FIGURE 63 ROHM CO., LTD.: COMPANY SNAPSHOT
                        TABLE 185 ROHM CO., LTD.: PRODUCTS OFFERED
                        TABLE 186 ROHM CO., LTD.: PRODUCT LAUNCHES
             14.2.12 STMICROELECTRONICS N.V.
                        TABLE 187 STMICROELECTRONICS N.V.: COMPANY OVERVIEW
                        FIGURE 64 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT
                        TABLE 188 STMICROELECTRONICS N.V.: PRODUCTS OFFERED
                        TABLE 189 STMICROELECTRONICS N.V.: PRODUCT LAUNCHES
                        TABLE 190 STMICROELECTRONICS N.V.: DEALS
             14.2.13 NXP SEMICONDUCTORS N.V.
                        TABLE 191 NXP SEMICONDUCTORS N.V.: COMPANY OVERVIEW
                        FIGURE 65 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
                        TABLE 192 NXP SEMICONDUCTORS N.V.: PRODUCTS OFFERED
                        TABLE 193 NXP SEMICONDUCTORS N.V.: PRODUCT LAUNCHES
                        TABLE 194 NXP SEMICONDUCTORS N.V.: OTHERS
     14.3 OTHER PLAYERS 
             14.3.1 TRANSPHORM, INC.
             14.3.2 ANALOG DEVICES, INC.
             14.3.3 TEXAS INSTRUMENTS INCORPORATED
             14.3.4 NAVITAS SEMICONDUCTOR
             14.3.5 MICROCHIP TECHNOLOGY INCORPORATED
             14.3.6 POWDEC
             14.3.7 NORTHROP GRUMMAN CORPORATION
             14.3.8 SHINDENGEN ELECTRIC MANUFACTURING CO., LTD.
             14.3.9 TOSHIBA INFRASTRUCTURE SYSTEMS & SOLUTIONS CORPORATION
             14.3.10 RENESAS ELECTRONICS CORPORATION
             14.3.11 GALLIUM SEMICONDUCTOR
             14.3.12 GANPOWER
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
15 APPENDIX (Page No. - 247)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 
 

The research study involved 4 major activities in estimating the size of the GaN semiconductor device market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, and investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.

Primary Research

In primary research, various primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the GaN semiconductor device ecosystem.

GaN Semiconductor Device Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches have been used, along with data triangulation methods, to estimate and validate the size of the GaN semiconductor device market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Identifying stakeholders in the GaN semiconductor device market that influence the entire market, along with participants across the value chain.
  • Analyzing major manufacturers of GaN semiconductor devices and studying their product portfolios
  • Analyzing trends related to the adoption of GaN semiconductor devices
  • Tracking the recent and upcoming developments in the market that include investments, R&D activities, product launches, collaborations, acquisitions, agreements, and partnerships, as well as forecasting the market size based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to identify the adoption trends of GaN semiconductor devices
  • Segmenting the overall market into various other market segments
  • Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets

Market Size Estimation Methodology-Bottom-up Approach

GaN Semiconductor Device Market Size, and Bottom-up Approach

Data Triangulation

After arriving at the overall market size by the market size estimation process explained in the earlier section, the overall GaN semiconductor device market has been divided into several segments and subsegments. The data triangulation and market breakdown procedures have been used to complete the overall market engineering process and arrive at the exact statistics for all segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.

Market Definition

Gallium nitride (GaN) semiconductor device is a robust and mechanically stable semiconductor device that offers a wide bandgap with exceptional properties such as high-power capability, enhanced thermal conductivity, and high-performance efficiency. It delivers higher breakdown strength, faster switching speed, superior thermal conductivity, and lower on-resistance, making the GaN-based power devices more efficient than traditional silicon-based power devices. GaN semiconductor devices are used in lighting, lasers, power drives, supplies, inverters, and radio frequency (RF) components. It can successfully replace silicon semiconductors in power drives, supplies, inverters, and RF applications, as it delivers versatile features and enhanced performance efficiency. As a result, GaN semiconductor device is expected to have a high market growth due to its potential to cater to various high-performance electronic applications.

Stakeholders

  • Raw material suppliers
  • Design tool and fabrication equipment vendors
  • Wafer manufacturers
  • Wafer equipment manufacturers
  • Integrated devices manufacturers (IDMs)
  • Pure-play foundry vendors
  • Non-pure-play (IDM) foundry vendors
  • Electronic design automation (EDA) vendors
  • Fabrication players
  • Semiconductor intellectual property vendors
  • Original devices manufacturers (ODMs) (discrete and chip manufacturers)
  • Original equipment manufacturers (OEMs) (electronic equipment manufacturers)
  • Assembly, testing, and packaging vendors
  • Distributors and Resellers
  • End Users

The main objectives of this study are as follows:

  • To define, analyze and forecast the gallium nitride (GaN) semiconductor device market based on type, device, application, vertical, voltage range, and region in terms of value.
  • To define, analyze, and forecast the GaN semiconductor device market based on device in terms of volume
  • To forecast the market size for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the GaN semiconductor device market
  • To study and analyze the complete value chain of the GaN semiconductor device market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the GaN semiconductor device ecosystem; trends/disruptions impacting customers’ businesses; technology analysis; pricing analysis; Porter’s five forces analysis; key stakeholders & buying criteria; case study analysis; trade analysis; patent analysis; key conferences & events, 2023–2024; and tariff and regulations related to the GaN semiconductor device market.
  • To analyze opportunities in the market for various stakeholders by identifying the high growth segments
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments such as product launches, agreements, collaborations, partnerships, acquisitions, and expansions carried out by players in the GaN semiconductor device market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Country-wise Information:

  • Analysis for additional countries (up to five)

Company Information:

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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