by The GaN semiconductor market is a rapidly growing industry disrupting established silicon-based power electronics. GaN offers significant advantages over silicon such as higher switching speed, lower power losses, higher temperature tolerance, and enhanced efficiency at higher voltages. It enables more compact power management and power conversion integrated circuits for applications in wireless infrastructure, consumer electronics, automotive, renewable energy, industrial, and military, defense, and aerospace sectors. GaN devices are increasingly adopted in applications like wireless base stations, electric vehicle chargers, and solar micro-inverters owing to its higher power density and efficiency.
The Global GaN Semiconductor Market is estimated to be valued at US$ 3.88 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period from 2024 to 2031.
GaN semiconductors provide benefits like compact size, light weight, high efficiency, and battery life extension in consumer electronic devices. Their high electron mobility also aids heat dissipation, allowing creation of more compact power management integrated circuits.
Key Takeaways
Key players operating in the GaN Semiconductor Market Size are Immersion, Texas Instruments Incorporated, Precision Microdrives Limited, Johnson Electric Holdings Limited, AAC Technologies, Analog Devices, Inc., ALPS ALPINE CO., LTD., Microchip Technology Inc., Cypress Semiconductor Corporation, Methode Electronics, NIDEC COPAL ELECTRONICS, SMK ELECTRONICS CORPORATION U.S.A, Visteon Corporation, Semiconductor Components Industries, LLC, Synaptics Incorporated, Apple Inc., and SAMSUNG.
The growing demand for fast charging smartphones, tablets, laptops, and increasing deployment of 5G network infrastructure are boosting the GaN semiconductor market. GaN devices enable higher power density and faster processing in power management ICs required for fast charging of consumer electronics. 5G infrastructure also relies on GaN radio frequency power amplifiers for signal transmission over mmWave spectrum bands.
Major technology companies are expanding their GaN production capacities to cater to the growing demand. For example, Texas Instruments increased its GaN fabrication capacity with a new manufacturing facility. Samsung also announced plans to manufacture power electronics including GaN devices at its new production line in South Korea. Such investments indicate the massive growth potential of the global GaN semiconductor market going ahead.
Market Key Trends
One of the key trends spurring growth in the GaN semiconductor market is its increasing adoption in consumer electronics. Smartphones, tablets, and laptops are transitioning to faster and more powerful GaN adapters and chargers capable of supplying 60-100W power to fully charge devices much faster than silicon adapters. Gan devices enable compact and high powered USB Type-C chargers which are driving major replaceable smartphone accessory purchases. This increasing shift to GaN powered consumer devices will boost related semiconductor demand going forward.
Porter’s Analysis
Threat of new entrants: The GaN semiconductor market requires high R&D investment and presence of strong manufacturing infrastructure which makes the entry difficult for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and diverse product offering from established players.
Bargaging power of suppliers: Established wafer and epitaxy suppliers have significant influence on pricing and supply.
Threat of new substitutes: Emerging SiC and GaAs semiconductor pose potential threat, though GaN offers superior dielectric strength and current handling capacity.
Competitive rivalry: The market landscape consists of global and domestic players indulged in fierce competition on the basis of product quality, reliability and pricing.
Geographical Regions
Asia Pacific holds the largest share of the GaN semiconductor market in terms of value owing to strong Government support for semiconductor industry in countries like China, Japan and South Korea along with presence of leading foundries.
North America is anticipated to witness the fastest CAGR during the forecast period due to rising adoption of GaN semiconductors in RF power applications like 5G infrastructure rollout across the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
