23 May 2025, 11:55 AM
The global gallium nitride device market was valued at USD 20.56 billion in 2019 and is expected to grow from USD 21.18 billion in 2020 to USD 39.74 billion by 2032, reflecting a CAGR of 5.20% during the 2020-2032 period. In 2019, North America led the market, holding a dominant share of 35.89%.
The global gallium nitride device market is experiencing steady growth due to increasing demand across industries such as telecommunications, automotive, and consumer electronics. GaN devices offer high efficiency, faster switching speeds, and improved thermal performance compared to traditional silicon-based components. Market expansion is driven by advancements in 5G technology, electric vehicles, and power electronics. North America holds a significant market share, with ongoing research and development efforts further fueling innovation. The market is expected to grow consistently, supported by rising investments in semiconductor technology.
A list of all the prominent Gallium Nitride Device Market Key Players:
https://www.fortunebusinessinsights.com/...ket-103367
Drivers & Restraints
Expansion of the Telecommunications Sector to Boost Growth
The increasing demand for energy-efficient gallium nitride (GaN) devices is being driven by the rapid expansion of the telecommunications sector. Many internet service providers are now prioritizing lower latency through optical fiber connections, along with enhancing connectivity and network capacity. Additionally, the growing adoption of GaN devices in 5G infrastructure is expected to further accelerate gallium nitride device market growth in the coming years. However, the high costs associated with the maintenance and development of gallium nitride devices may pose a challenge to this growth.
Segmentation- Gallium Nitride Device Market
Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers
Based on device type, the opto-semiconductor device segment procured the highest gallium nitride device market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells.
Regional Insights- Gallium Nitride Device Market
High Demand for Wireless Devices to Favor Growth in Europe
Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region.
Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the U.K. In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.
The global gallium nitride device market is experiencing steady growth due to increasing demand across industries such as telecommunications, automotive, and consumer electronics. GaN devices offer high efficiency, faster switching speeds, and improved thermal performance compared to traditional silicon-based components. Market expansion is driven by advancements in 5G technology, electric vehicles, and power electronics. North America holds a significant market share, with ongoing research and development efforts further fueling innovation. The market is expected to grow consistently, supported by rising investments in semiconductor technology.
A list of all the prominent Gallium Nitride Device Market Key Players:
- Infineon Technologies AG (Germany)
- Efficient Power Conversion Corporation. (The U.S.)
- EPISTAR Corporation (Taiwan)
- GaN Systems (Canada)
- MACOM (The U.S.)
- Microsemi (The U.S.)
- Mitsubishi Electric Corporation (Japan)
- NICHIA CORPORATION (Japan)
- Northrop Grumman Corporation (The U.S.)
- NXP Semiconductors. (Netherland)
- Qorvo, Inc (The U.S.)
- Texas Instruments Incorporated. (The U.S.)
- Toshiba Corporation (Japan)
https://www.fortunebusinessinsights.com/...ket-103367
Drivers & Restraints
Expansion of the Telecommunications Sector to Boost Growth
The increasing demand for energy-efficient gallium nitride (GaN) devices is being driven by the rapid expansion of the telecommunications sector. Many internet service providers are now prioritizing lower latency through optical fiber connections, along with enhancing connectivity and network capacity. Additionally, the growing adoption of GaN devices in 5G infrastructure is expected to further accelerate gallium nitride device market growth in the coming years. However, the high costs associated with the maintenance and development of gallium nitride devices may pose a challenge to this growth.
Segmentation- Gallium Nitride Device Market
Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers
Based on device type, the opto-semiconductor device segment procured the highest gallium nitride device market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells.
Regional Insights- Gallium Nitride Device Market
High Demand for Wireless Devices to Favor Growth in Europe
Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region.
Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the U.K. In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.