Global Gallium Nitride (Gan) Semiconductor Devices Market High Demand Pushes Growth

Gallium Nitride (GaN) semiconductor devices’ uses can be seen in multiple high voltage applications, LEDs and radio frequency amplifiers to name a few. This is due to their capability to work at high temperature, frequency with enhanced competence and linearity. They have many benefits which include their thermal performance, weight, size and efficiency. Their market can be segmented on the basis of type, application, wafer size and geography. Power semiconductor, radio frequency devices, opto semiconductors are different categories that come under the type of GaN semiconductor devices. Defense, aerospace, communication technology, consumer electronics, automotive are the different application areas of GaN semiconductor devices. The wafer sizes available are 2 inch, 4 inch, 6 inch and 8 inch. Geographically the GaN market can be divided into North America, Europe, Asia- pacific and the Rest of the World. In the recent times, the GaN technology has undergone a lot of advancement pertaining to which different companies are developing innovative semiconductor products and the applications of GaN are also multiplying. High- power and high temperature applications are also growing in demand which has indirectly pushed the demand for GaN semiconductor devices. There is an estimation of a 17% compounded annual growth rate (CAGR) during the period from 2016 to 2024 in the global market for GaN semiconductor devices. The market value of the market is projected to cross $3.4 billion in 2024. Despite the many competitive advantages provided by GaN semiconductor devices, the silicon based devices have been in the market for over a decade. GaN semiconductor devices market on the other hand is still at a prime stage and is yet to utilize their full potential. Here are some more points that explain about the GaN semiconductor devices market: Under the type segmentation of the GaN semiconductor devices market, the largest market share in 2016 had been of opto semiconductor devices globally. The main factor contributing to their growth apart from technological advancements is the growing application of LEDs especially in the electronics industry. The wide utilization of GaN based transistors in defense and military sectors in North America has made that region grow immensely enabling it to occupy a 30% global market share in 2015 followed by Europe. The big players of the GaN semiconductor devices market are Fujitsu Limited, Cree Inc, Toshiba Corporation, Transphorm Inc., Avogy Inc., NXP Semiconductors N.V., Efficient Power Consumption Corporation among others. Download Report Sample Pages For Better Understanding@ https://www.acumenresearchandconsulting.com/request-sample/402 Would like to place an order or any question, please feel free to contact at sales@acumenresearchandconsulting.com | +1 407 915 4157