Gallium Nitride Substrates Market Report

Gallium Nitride Substrates Market Report

Gallium Nitride Substrates Market Report
Report code - SR1379 Delivery - 2 Weeks
Gallium Nitride Substrates Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

Market Insights

"The global gallium nitride substrates market is projected to grow from USD 3.2 billion in 2020 to USD 5.2 billion by 2026 at a CAGR of around 8.6% during the forecast period.

Gallium Nitride Substrates Market Forecast

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Introduction

Gallium nitride (GaN) is a hard, mechanically stable wide bandgap semiconductor. It has higher breakdown strength, low resistance, faster switching speed, and better thermal conductivity properties. supported type, gallium nitride substrates are often categorized as GaN on Sapphire, GaN on Si, GaN on GaN, and others.

Market Drivers

The growth of the gallium nitride substrates market is primarily driven by increasing demand for LEDs, lasers, power-switching devices, and RF devices among others. Expanding the automotive industry with increasing spending on automobiles is propelling the market growth substantially. In addition to this, rising demand for highly efficient semiconductors is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The COVID-19 outbreak impacted the growth of the gallium nitride substrates market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which affected the product supply for a short period.

Segments' Analysis

End-Use Industry Trends

"The automotive segment accounted for the largest market share."

By application, the gallium nitride substrates market has been bifurcated into health care, automotive, military and defense, and others. The automotive segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing demand for GaN LEDs in automobiles.

Regional Insights

"North America accounted for the largest market share."

By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the presence of established end-use industries such as automotive, military & defense, and healthcare; and key market players such as Texas Instruments Incorporated (US). The market in Asia-Pacific is expected to be driven by rising product adoption in the end-use industries in developing countries such as China and India.

Gallium Nitride Substrates Market by Region

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Key Players

Key players operating in the Gallium Nitride Substrates market are-

  • Toshiba Corporation (Japan)
  • Koninklijke Philips N.V. (Netherlands)
  • Texas Instruments Incorporated (US)
  • Saint-Gobain (France)
  • Sumitomo Electric Industries, Ltd (Japan)
  • Soitec Microelectronic Singapore Pte. Ltd (Singapore)
  • Fujitsu Limited (Japan)
  • Mitsubishi Motors Corporation (Japan)
  • NGK Insulators, Ltd. (Japan)
  • Infineon Technologies AG (Germany)
  • Dongguan Sino Nitride Semiconductor Co., Ltd (China)
  • PAM Xiamen (China).

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Gallium Nitride Substrates? Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s gallium nitride substrates market? realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

Gallium nitride (GaN) is a hard, mechanically stable wide bandgap semiconductor. it's higher breakdown strength, low resistance, faster-switching speed, and better thermal conductivity properties. supported type, gallium nitride substrates are often categorized as GaN on Sapphire, GaN on Si, GaN on GaN, and others.

The gallium nitride substrates market is expected to witness an impressive growth of 8.6% CAGR in the coming years.

Toshiba Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Texas Instruments Incorpo-rated (US), Saint-Gobain (France), Sumitomo Electric Industries, Ltd (Japan), Soitec Microelectron-ic Singapore Pte. Ltd (Singapore), Fujitsu Limited (Japan), Mitsubishi Motors Corporation (Japan), NGK Insulators, Ltd. (Japan), Infineon Technologies AG (Germany), Dongguan Sino Nitride Semi-conductor Co., Ltd (China) and PAM Xiamen (China) are among the key players in the gallium nitride substrate market.

The gallium nitride substrate market size is expected to reach USD 5.2 billion in the foreseeable future.

The automotive segment is expected to register significant growth in the gallium nitride substrates market in the coming years.

North America accounted for the largest share in the gallium nitride substrate market in 2020.

Gallium nitride substrates distributors, Gallium nitride substrates suppliers, Gallium nitride substrates manufacturers, Logistics organizations, Government bodies are the target audience in the gallium nitride substrates market.