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Gallium nitride market (GaN) is a crystalline substance used for semiconductors, light emitting devices and radio frequency components. It has high breakdown voltage, huge electric field, and low conduction resistance. It also have high thermal and heat capacity. Gallium nitride semiconductors are widely used in smartphones, laptops, gaming devices, televisions and other electronic devices. Its higher radiation stability and ability to function at high temperature makes it material of choice for space and military applications.
Increasing demand for electronic devices including smart phones, laptops, televisions, etc. coupled with rising digitalization is anticipated to drive the global gallium nitride market. Gallium nitride semiconductors have wide bandgap with high energy-efficiency. Faster switching speed of the gallium nitride reduces time required for charging of electronic devices. Gallium nitride devices are highly suitable for high frequency devices. Increasing adoption of GaN semiconductors in the military and space industry is anticipated to further boost the global gallium nitride market in the near future.
Availability of efficient alternatives such as silicon derivatives are to hinder the growth of gallium nitride market in the near future. Silicon derivatives such as trimethylsilane and silicon carbide offers superior properties such as high power efficiency at high voltage, high flexibility and reliability in power factor correction, power rectification and power amplification. However, the limited availability of silicon is anticipated to push the demand of gallium nitride semiconductors.
Outbreak of the COVID-19 negatively impacted the global gallium nitride market. This was due to disruption of supply chains caused by restrictions on the movement and trade activities. There was also a decrease in demand from end-use industries owing to decreased demand for their products from the gallium nitride industry. However, outbreak of the COVID-19 has further pushed the ongoing digitalization. This has resulted into increased demand for consumer electronics. Moreover, with the significant control on the spread of COVID-19, different industries such as telecommunications, automotive, healthcare and space has gained momentum. This is anticipated to significantly boost the global gallium nitride market.
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Depending on the types of semiconductors, gallium nitride market is segmented into P-type and N-type. P-type semiconductor held the largest share of the gallium nitride market in 2021 and expected to retain its position in the near future. P-type semiconductor is a positive semiconductor. It means it is doped with an acceptor. High share held by the P-type can be attributed to their increased demand for photodiode, solar cells, LED, laser, and optoelectronics.
On the basis of end-use industry, gallium nitride market is segmented into consumer electronics, automotive, telecommunications, healthcare and others. Among these, consumer electronics held the largest share of the global gallium nitride market in 2021. Rising digitalization and increased consumer spending has caused increase in demand for consumer electronics. Moreover, the power efficient gallium nitride devices decrease the charging time of the electronic devices. This has resulted into increased demand for gallium nitride from consumer electronics good.
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The global gallium nitride market has been categorized into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held the largest share of the global gallium nitride market followed by Europe. Technology assisted, sophisticated and fast spaced lifestyle in the North America and Europe are the major factors behind the significant share held by the region. Increasing demand of the GaN semiconductor devices for computers, laptops, and television and gaming devices is anticipated to further boost the gallium nitride industry growth.
Asia-Pacific holds the significant share of the global gallium nitride market and anticipated to grow at a fastest rate. Rapidly growing automotive and consumer electronics industry in the region are the major factors for the growth of gallium nitride market in the region. Replacement of the silicon based semiconductors by gallium nitride due to limited availability of the former is another significant factor contributing to the growth gallium nitride market in the region.
Latin America, Middle East & Africa are projected to witness considerable growth due to increased consumer spending on electronic goods in the region. Rising military & space industry and automotive industry in the region are also anticipated to contribute to the growth of gallium nitride market in the region.
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