GaN semiconductor devices: Key market research findings
- High demand from consumer electronics segment
- Growing applications in the automobile and defense areas
Technavio has added a new market research report on the global GaN semiconductor devices market, to its semiconductor portfolio. Technavio’s market research analysts estimate the global GaN semiconductor devices market to grow at a high CAGR of 21% between 2015 and 2019. GaN is a wide bandgap semiconductor material that is fast emerging as a popular choice for replacing silicon, especially in power electronics. North America dominates the global market for GaN semiconductor devices because of the increase in applications of GaN semiconductor devices in the defense sector.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The emergence of high-powered electronic devices has boosted the use of GaN technology. Increasing demand for lightweight and energy efficient electronic devices has pushed manufacturers to equip this technology in the high-powered devices for high speed, accuracy, and reliability. Also, these GaN-based semiconductor devices are cost-effective and saves power and time, says Navin Rajendra, Lead Analyst, Semiconductor, Technavio Research.
Of late, the GaN devices have gained prominence in the automobile and defense applications. Growing demand for EVs and HEVs is propelling the demand for GaN power semiconductors in the automobile industry. The demand for GaN opto semiconductor devices has gained grounds, thanks to increase in infotainment applications in vehicles. Moreover, the efficiency and bandwidth performance of GaN-based RF power amplifiers have increased their application in radars.
The leading vendors in the global GaN semiconductor devices market include Avago, Cree, GaN Systems, Infineon, OSRAM, and Qorvo. The market has high potential for growth, because of the increase in applications for GaN devices across several sectors. The market is characterized by a plethora of lot of mergers and acquisitions taking place recently. The GaN semiconductor devices market has also witnessed entry of new players, who intend to gain market share by providing cutting-edge.
A more detailed analysis is available in the Technavio report, Global GaN Semiconductor Devices Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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