The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global gallium nitride semiconductor devices market size grew from $7.38 billion in 2022 to $8.79 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The market size is expected to grow to $18.77 billion in 2027 at a CAGR of 20.9%.

What will drive the gallium nitride semiconductor devices market?

Increasing demand for consumer electronics is expected to propel the growth of the gallium nitride semiconductor devices market.

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Who are the major players in the market?
Major market players in the gallium nitride semiconductor devices market include Cree, Inc., Efficient Power Conversion Corporation, Fujitsu Ltd., GaN Systems, Infineon Technologies AG, Qorvo, Inc.

Which trend is gaining popularity in the gallium nitride semiconductor devices market?

Technological progress is a significant trend that is gaining traction in the market. The market’s leading players are concentrating on developing new technological solutions to improve the dependability of power supply circuits. For instance, in May 2020, ROHM Semiconductor, a Japan-based electronic device company specialising in the design and manufacturing of semiconductors, integrated circuits (ICs), and other electronic parts, developed the industry’s highest (8 volts) gate breakdown voltage technology for 150V Gallium Nitride HEMT devices for power supply circuits used in various industries and communication equipment. This makes it possible to both improve the design margin and increase the reliability of power supply circuits using GaN devices that require high efficiency.

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How is the gallium nitride semiconductor devices market segmented?

Global Gallium Nitride Semiconductor Devices Market Segments Include:

• By Component: Transistor, Diode, Rectifier, Power IC
• By Device Type: Opto-semiconductors, Power Semiconductors, RF Semiconductors
• By Application: Lighting and Lasers, Supplies and Inverters, Radio Frequency, Power Drives, Consumer and Enterprises, Industrial, Telecommunications, Automotive, Renewables, Aerospace and Defense Healthcare
• By Wafer Size: 2 Inch, 4-Inch, 6-Inch, 8-Inch
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global gallium nitride semiconductor devices market in 2022.

The Gallium Nitride Semiconductor Devices Global Market Report 2023  provides an overview of the gallium nitride semiconductor devices market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The market forecast analyzes market size, market share, leading competitor and their market positions.

The gallium nitride semiconductor devices refer to the manufacturing of semiconductor devices such as transistors and diodes for the conversion of energy to power using gallium nitride material. Gallium nitride semiconductor devices have dynamic electric and chemical properties that are used to develop electronic power devices that are very hard, mechanically stable, high voltage, and have a high frequency. Gallium nitride semiconductors are on the rise as a replacement for silicon-based semiconductors because they can meet growing demands for improved power system efficiency, performance, and system cost.

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