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Power GaN Market: Overview

Gallium Nitride (GaN) is an emerging technology in field of semiconductors. The wide band gap feature distinguishes GaN semiconductor from silicon carbide (SiC) and gallium arsenide (GaAS) semiconductors.

The semiconductor is gaining traction rapidly because of its high efficiency, size, thermal performance, and weight. It is expected to be the next generation semiconductor for purpose of power generation. With regard to aforementioned features, the semiconductor is widely being implicated in various technologies such as telecommunications and electric vehicles.

GaN-based products have high operational efficiency, better design, smaller size, and cost-effectiveness. Thus, companies are widely using GaN semiconductors in their product.

The upcoming report on power GaN market is a comprehensive study of its drivers and trends that will contribute to growth of the power GaN market between 2019 and 2028. The report has emphasized on segments that are likely to contribute significantly to growth of the market. Also, regional growth is covered in the report.

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Power GaN Market: Notable Development

Gallium Nitride (GaN) market is anticipated to grow tremendously in following years. The growth rate is attributed to its wide application range in photovoltaic (PV) inverters, hybrid and electric vehicles, and in power supplies source.

As per IHS Inc., a global source of critical information and insight, revenue from SiC and GaN power semiconductors is likely to show considerable growth in coming years. Also, market revenue is projected to rise at double digit growth rate annually in following decade.

With increasing demand for wide bandgap semiconductors, GaN is anticipated to gain significant consumer traction. It provides similar benefits as that of SiC semiconductors, but at reduced cost. Hence, GaN semiconductor will be widely adopted in power transistors.

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Power GaN Market: Key Trends

At present, power GaN market is driven by RF power devices. These devices are widely used in consumer and enterprise, high-efficiency power supply applications, telecommunications, automotive, aerospace, military, and defense.

Growing production of electric vehicles and EV charging coupled with increasing renewable energy generation are major factors anticipated to drive power GaN market in coming years.

Further, rising demand for high performance and energy-efficient motors is fuelling demand for GaN devices. These motors have integrated GaN devices to regulate high voltage (above 400 V).

Moving forward, telecommunication service providers are aiming to provide network with lower latency, ubiquitous connectivity, and higher capacity. This way current network will be improvised in terms of data rates, energy efficiency, traffic capacity, and latency.

Hence, GaN will be used in distributed antenna systems (DAS), small cell, and remote radio head network densification.

Widening application range of GaN in several industries is likely to propel power GaN market during forecast period.

Power GaN Market: Regional Analysis

Asia Pacific is anticipated to hold significant share in the power GaN market during forecast period (2019-2028). The prominence of the region is accredited to well-established power electronics industry in the region. In addition, key players such as Sumitomo Electric Industries Ltd. (Japan) and Toshiba Corporation (Japan) operating in power GaN market are present in the region.

To curb emission from CI and SI powered engines, the companies are promoting use of electric vehicles. The shift to the vehicle type is likely to provide potential growth opportunities to power GaN manufacturing companies.  The new generation of GaN based machines are supposedly compact and light weight. Also, it is efficient to counteract elevated temperatures.

According to IEA, in 2017, China, standalone, provided 1.23 million electric cars. Moreover, electric cars are widely adopted in the country. On record, in 2018, out of all cars, 45% were electrically powered. The number is anticipated to increase in coming years. As a result, power GaN market is likely to witness huge demand from China during forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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