GaN Semiconductor Device Market By Type (Power Semiconductors, Optoelectronic Semiconductors), Device Type (Transistor, Diodes), Application (Power Electronics, RF Devices), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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GaN Semiconductor Device Market Valuation – 2024-2031

Increased use in high-performance power electronics and RF (radio frequency) components for devices like smartphones and laptops are propelling the adoption of GaN semiconductor device. GaN devices offer higher efficiency, faster switching speeds, and higher thermal conductivity compared to traditional silicon-based devices which is driving the market size surpass USD 3.45 Billion valued in 2024 to reach a valuation of around USD 10.54 Billion by 2031.

In addition to this, rising adoption in electric vehicle powertrains and renewable energy systems is spurring up the adoption of GaN semiconductor device. Ongoing research and development activities leading to enhanced GaN device capabilities and reduced costs is enabling the market grow at a CAGR of 16.53% from 2024 to 2031.

GaN Semiconductor Device MarketDefinition/ Overview

GaN (Gallium Nitride) semiconductor devices are electronic components made from gallium nitride, a wide bandgap material. GaN offers superior electrical properties compared to silicon, such as higher breakdown voltage, greater thermal conductivity, and faster switching speeds. These properties make GaN devices highly efficient and capable of operating at higher voltages, frequencies, and temperatures.

GaN semiconductor devices are used across various sectors. In consumer electronics, the power chargers and adapters due to their efficiency and compact size. In telecommunications, they are integral to 5G infrastructure and satellite communication systems for high-frequency and high-power applications. GaN devices are also prominent in the automotive industry for electric vehicle powertrains and charging systems, and in renewable energy for efficient power conversion in solar inverters and wind turbines. Additionally, they find applications in industrial systems, military and aerospace for radar, and electronic warfare systems.

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How will Growing Demand for Energy-Efficient Power Electronics Increase Adoption of GaN Semiconductor Device?

Seems like everyone's talking about GaN these days! With energy efficiency being so important, the demand for these GaN semiconductor devices is really taking off. The U.S. Department of Energy says GaN-based power devices can cut energy losses by as much as 50% compared to silicon – that's huge! And the European Commission reported a 35% jump in GaN adoption in power electronics between 2020 and 2023. Why all the fuss? Well, we need more efficient power in everything from our phones to our cars. Even Infineon Technologies is getting in on the action, announcing a $1 billion investment in February 2024 to boost their GaN production. Not to be outdone, Texas Instruments rolled out a whole new line of GaN-based power management ICs in April 2024, specifically aimed at the electric vehicle market.

So, it looks like the 5G rollout is really fueling a surge in demand for those GaN RF devices. I saw that the Global Mobile Suppliers Association said something like 60% of 5G base stations used GaN RF power amps in 2023. And get thisthe U.S. Federal Communications Commission reported a 40% jump in GaN RF device shipments for wireless stuff between 2021 and 2023! Apparently, GaN just works better at those crazy-high frequencies. Just last March, Qorvo showed off their new GaN-on-SiC RF solutions for those super-fast 5G mmWave applications. And back in May, NXP Semiconductors teamed up with some big telecom company to work on next-gen GaN-based 5G massive MIMO systems.

It's pretty clear the move to electric and self-driving cars is a major reason why GaN is becoming so popular in the automotive world. Think about itthe U.S. Department of Transportation estimated we'd see GaN popping up in around 30% of electric vehicles by 2025! And get this, the European Automobile Manufacturers Association reported a whopping 55% jump in the use of GaN power electronics in EVs between 2022 and 2024. Why the buzz? Well, GaN is a game-changer when it comes to boosting power conversion efficiency and shrinking down the size of everything. Just recently, in January 2024, ON Semiconductor rolled out a complete GaN solution designed specifically for EV onboard chargers and DC-DC converters. Not to be outdone, Navitas Semiconductor announced a big strategic partnership in June 2024 with a major car company to create GaN-powered powertrains for the EVs of the future.

Will Limited Supply Chain of GaN Semiconductor Device Restrain Its Market Growth?

The GaN semiconductor device market is hindered by a less mature supply chain compared to silicon. The availability of GaN materials and components is limited, leading to potential supply constraints and higher costs. This immaturity in the supply chain can result in longer lead times and availability issues, impacting production schedules and scalability.

Integrating GaN devices with existing silicon-based systems can be complex and costly. The significant differences in material properties and performance characteristics necessitate substantial redesign and adaptation efforts. This complexity increases the time and cost for implementation, making it challenging for companies to seamlessly transition to GaN technology.

GaN faces strong competition from Silicon Carbide (SiC), another wide bandgap material. SiC devices are already well-established in high-power applications and offer advantages such as higher thermal conductivity and robustness. This competition can limit the growth potential for GaN devices, especially in markets where SiC has a strong foothold.

GaN devices, despite their superior performance, are relatively new to the market, leading to cautious adoption. Potential users may hesitate without extensive validation and proven reliability, causing market penetration to slow down as industries need time to test and trust GaN devices’ performance..

Category-Wise Acumens

Will Rise in Adoption of Power Semiconductors Drive GaN Semiconductor Device Market?

It looks like power semiconductors are really taking over the GaN semiconductor market! In fact, the U.S. Department of Energy says that GaN-based power devices made up 45% of the whole GaN semiconductor market in 2023. And the European Power Electronics Association reported a whopping 38% jump in GaN power semiconductor use from 2021 to 2024. Why the surge? Well, everyone wants more efficient power conversion these days. Even Infineon Technologies announced in February 2024 that their GaN power semiconductor revenue had doubled in just two years! And just recently, in April 2024, Texas Instruments launched a new series of 650V GaN power stages, specifically aimed at data centers and industrial uses.

Turns out, electric vehicles are really helping GaN power semiconductors take over! According to the U.S. Environmental Protection Agency, 30% of new EVs in 2023 used GaN power devices, a big jump from just 15% in 2021. And in China, the Ministry of Industry and Information Technology reported a 50% spike in GaN usage in EVs between 2022 and 2024. What's the deal? GaN makes power conversion way more efficient and shrinks everything down. Check this outin March 2024, ON Semiconductor released a 900V GaN power module just for EV traction inverters. Plus, in May 2024, Navitas Semiconductor teamed up with a major EV company to cook up some next-gen GaN onboard chargers.

Hey, guess what? Renewable energy is helping GaN power semiconductors take over! The International Energy Agency said GaN-based solar inverters grabbed 25% of the market in 2023, jumping from just 10% in 2020. Plus, the U.S. National Renewable Energy Laboratory thinks GaN power devices could boost solar inverter efficiency by up to 3% by 2025. All this is happening because everyone wants renewable energy systems that are super-efficient and pack a lot of power. In January 2024, GaN Systems launched a cool new line of power transistors designed just for solar and wind power. And in June 2024, Transphorm announced that its GaN power devices are now running in a big energy storage project, making it more efficient and reliable.

Which Factors Contribute to Power Electronics Segment Dominance in GaN Semiconductor Device Market?

Guess what's really taking off in the world of GaN Semiconductors? It's Power Electronics! The U.S. Department of Energy says that in 2023, over half – a whopping 55% – of the entire GaN semiconductor market was powered by these electronics. And get this, the European Power Electronics Association saw a massive 42% jump in GaN power electronics being used between 2021 and 2024! It all comes down to everyone wanting power conversion that's super efficient. Even Infineon Technologies announced in February 2024 that their GaN power electronics revenue had tripled in just three years. Plus, in April 2024, Texas Instruments rolled out a brand new line of GaN power management ICs specifically aimed at your gadgets and industrial stuff.

The electric vehicle (EV) world is really pushing GaN power electronics to the forefront! Check this outThe U.S. EPA says 40% of new EVs sold in 2023 used GaN power electronics, a huge jump from just 20% in 2021. And get this, China's MIIT saw a 60% boost in GaN power electronics in EVs from 2022 to 2024! What's driving this? Well, GaN’s amazing at making power conversion way more efficient and shrinking down the size of EV powertrains. saw ON Semiconductor launching a complete GaN power electronics package specifically for EV traction inverters and onboard chargers. Plus, in , Navitas Semiconductor teamed up with a big EV maker to create the next generation of GaN-powered electronic systems for these cars. Exciting stuff!

Renewable energy is also getting a big boost from GaN power electronics! For example, the International Energy Agency says GaN-based solar inverters snagged 30% of the market in 2023, a jump from just 12% in 2020. And the U.S. National Renewable Energy Laboratory thinks GaN power electronics could bump up overall solar system efficiency by as much as 5% by 2025. Why's this happening? Simplerenewable energy systems need to be super-efficient and pack a lot of power. In January 2024, GaN Systems rolled out a new line of power modules specifically designed for solar and wind power. And just recently, in June 2024, Transphorm announced its GaN power electronics were used in a big grid-tied energy storage project, showing off better conversion efficiency and rock-solid reliability.

Gain Access into GaN Semiconductor Device Market Report Methodology

Country/Region-wise Acumens

Will Rising Industrialization Enhance Adoption of GaN Semiconductor Device in Asia Pacific?

Wow, the Asia Pacific region is really leading the way in GaN semiconductor devices! Apparently, China's Ministry of Industry and Information Technology says their GaN device production jumped by a whopping 45% between 2021 and 2023. And get this – Japan's Ministry of Economy, Trade and Industry reported a 38% increase in GaN semiconductor exports from 2020 to 2024. It seems like this growth is fueled by serious government backing and a strong electronics industry. Just last February, Taiwan Semiconductor Manufacturing Company (TSMC) announced a $2 billion investment to boost their GaN production. Not to be outdone, South Korea’s Samsung Electronics launched a whole new series of GaN-based power devices in April 2024, aiming for those consumer electronics and automotive markets.

Asia Pacific's embracing 5G is really kicking up the need for GaN RF devices. Get thisChina's National Bureau of Statistics said 70% of their 5G base stations used GaN-based RF power amps by 2023! And over in India, the Department of Telecommunications saw a 55% jump in GaN RF device imports for wireless stuff between 2022 and 2024. Why? Because GaN just rocks at those high frequencies. Speaking of which, in March 2024, Sumitomo Electric Industries showed off a new line of GaN-on-SiC RF solutions for 5G mmWave. Then, in May 2024, Mitsubishi Electric teamed up with a big Chinese telecom company to build next-gen GaN-based 5G massive MIMO systems.

Will Increasing Demand for High-Power and High-Frequency Applications in North America Drive GaN Semiconductor Device Market Growth?

North America’s GaN semiconductor device market is experiencing rapid growth, driven by increasing demand for high-power and high-frequency applications. The region’s robust technological infrastructure and strong presence of key industry players contribute to its market dominance. The automotive and telecommunications sectors are particularly fuelling this growth, as GaN devices offer superior performance in electric vehicles and 5G networks.

According to the U.S. Department of Energy, GaN-based power electronics could reduce energy losses by up to 50% in various applications. The U.S. government has allocated $17 million for GaN research and development in 2023. Market analysts predict that the North American GaN semiconductor device market will reach $1.2 billion by 2026, with a compound annual growth rate (CAGR) of 22.4% from 2021 to 2026.

Recent developments from key players underscore the market’s dynamism. In March 2024, Wolfspeed announced a $6.5 billion investment in a new GaN fabrication facility in North Carolina. Qorvo, another major player, reported a 35% year-over-year increase in GaN-related revenues in their Q2 2024 earnings call. These advancements highlight the region’s commitment to maintaining its leadership in GaN semiconductor technology.

Competitive Landscape

The GaN semiconductor device market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the GaN semiconductor device market include

  • Cree, Inc. (Wolfspeed)
  • Infineon Technologies AG
  • Qorvo, Inc.
  • NXP Semiconductors N.V.
  • MACOM Technology Solutions Holdings, Inc.
  • Efficient Power Conversion (EPC) Corporation
  • Texas Instruments Incorporated
  • STMicroelectronics N.V.
  • GaN Systems, Inc.
  • Analog Devices, Inc.
  • Transphorm, Inc.
  • Mitsubishi Electric Corporation
  • Sumitomo Electric Device Innovations, Inc.
  • VisIC Technologies Ltd.
  • Navitas Semiconductor Inc.
  • Exagan S.A.S.
  • Ampleon Netherlands B.V.
  • NexGen Power Systems
  • Panasonic Corporation
  • Microsemi Corporation (Microchip Technology, Inc.)

Latest Developments

  • In January 2024, Infineon Technologies announced the launch of its new generation of GaN-based power transistors designed for high-efficiency power conversion in electric vehicles, promising up to 30% reduction in energy loss.
  • In March 2024, Cree Inc. introduced a groundbreaking GaN-on-SiC RF amplifier that provides enhanced performance for 5G infrastructure, offering a 50% increase in power density compared to previous models.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~16.53% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type
  • Device Type
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Cree, Inc. (Wolfspeed), Infineon Technologies AG, Qorvo, Inc., NXP Semiconductors N.V., MACOM Technology Solutions Holdings, Inc., Efficient Power Conversion (EPC) Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., GaN Systems, Inc., Analog Devices, Inc., Transphorm, Inc., Mitsubishi Electric Corporation, Sumitomo Electric Device Innovations, Inc., VisIC Technologies Ltd., Navitas Semiconductor, Inc., Exagan S.A.S., Ampleon Netherlands B.V., NexGen Power Systems, Panasonic Corporation, Microsemi Corporation (Microchip Technology, Inc.)

Customization

Report customization along with purchase available upon request

GaN Semiconductor Device Market, By Category

Type

  • Power Semiconductors
  • Optoelectronic Semiconductors

Device Type

  • Transistors
  • Diodes

Application

  • Power Electronics
  • RF Devices
  • Automotive

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Analyst’s Take

In conclusion, the GaN semiconductor device market is poised for significant growth in the coming years. Factors such as the increasing demand for energy-efficient power electronics, the proliferation of GaN-based RF devices in telecommunications infrastructure, and the expanding adoption of GaN in automotive applications are driving the market forward. Additionally, ongoing technological advancements and innovations in GaN manufacturing processes are expected to further propel market growth. Market Research anticipates robust expansion in market size and opportunities, presenting lucrative prospects for industry participants across the value chain.

Research Methodology of Market Research

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