Global Gallium Oxide Market Size By Application Type (Power & High Voltage Devices, Electroluminescent Devices, Gas Sensors), By Technology (Molecular Beam Epitaxy, Chemical Vapour Deposition, Chemical Synthesis), By Geographic Scope And Forecast

Gallium Oxide Market Size And Forecast

Gallium Oxide Market size was valued at USD 7.73 Billion in 2024 and is projected to reach USD 197.80 Billion by 2031, growing at a CAGR of 51.75% from 2024 to 2031.

The significant growth in the semiconductor industry is anticipated to be the major driving factor for the Gallium Oxide Market owing to the unique properties such as high critical electric field strength, bandgap, and so on. The Global Gallium Oxide Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Gallium Oxide?

Gallium oxide is the general term for gallium sesquioxide (Ga2O3). It is available in the market as a white powder that consists of rod-shaped crystals, including the β-phase being the dominant crystalline phase. Gallium oxide (Ga2O3) is used in phosphors, cathodes for solid oxide fuel cells, GGG (gallium gadolinium garnets) crystals, piezoelectric crystals, and sputtering targets for GIZO or IGZO materials. It is a semiconductor material with a bandgap greater than gallium nitride, silicon, and silicon carbide. It is rapidly arising as a material of choice for the development of solar-blind photodetectors and power electronic devices, which are typically used in harsh environment applications, owing to its wide bandgap.

Global Gallium Oxide Market Overview

The semiconductor industry encompasses companies that are engaged in the design, fabrication, and sales of semiconductors and semiconductor devices, including integrated circuits. Semiconductors can be divided into four categoriesmemory chips, commodity integrated circuits, microprocessors, and complex systems on a chip. Corporations and consumers globally use semiconductors, for instance, small conductors of electricity known as semis or chips in a number of devices, including space vehicles, car computers, appliances, smartphones, medical equipment, and more.

The significant growth in the semiconductor industry is anticipated to be the major driving factor for the Gallium Oxide Market owing to the unique properties such as high critical electric field strength, bandgap, and so on. However, limited production of gallium and fluctuations in raw materials and prices are major factors likely to hinder the growth of the market in the coming years.

Global Gallium Oxide MarketSegmentation Analysis

The Global Gallium Oxide Market is segmented on the basis of Application Type, Technology, and Geography.

Gallium Oxide Market, By Application Type

• Power & High Voltage Devices
• Electroluminescent Devices
• Gas Sensors
• Others

To Get Summarized Market Report By Application Type-

Based on Application Type, the market is bifurcated into Power & High Voltage Devices, Electroluminescent Devices, Gas Sensors, and Others. Power & High Voltage Devices accounted for the largest market share in 2020. Semiconductor Gallium Oxide is a potential material for high-voltage and power electronics.

Gallium Oxide Market, By Technology

• Molecular Beam Epitaxy
• Chemical Vapour Deposition
• Chemical Synthesis
• Thermal Vaporization and Sublimation
• Others

To Get Summarized Market Report By Technology-

Based on Technology, the market is bifurcated into Molecular Beam Epitaxy, Chemical Vapour Deposition, Chemical Synthesis, Thermal Vaporization and Sublimation, and Others. Molecular Beam Epitaxy accounted for the largest market share in 2020.

Gallium Oxide Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Get Summarized Market Report By Geography- 

On the basis of Regional Analysis, the Global Gallium Oxide Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific is expected to hold the largest market share of Gallium Oxide over the forecast period followed by North America. Asia-Pacific companies are trying to take a powerful stand in the global electronics market thereby promoting the growth of Gallium Oxide.

Key Players

The “Global Gallium Oxide Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as AGC Inc, FLOSFIA Inc, ABSCO Limited, Strem Chemicals Inc, Aluminum Corporation of China Limited (Chalco), Thermo Fisher Scientific Inc (Alfa Aesar), American Elements, Merck KGAA, Kyma Technologies Inc, Kofax Inc, and others.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Strem Chemicals was acquired by Ascensus Specialties, which specializes in sodium borohydride (NaBH4) production. The acquisition is aimed at expanding its share in the demanding, high-growth life sciences and specialties markets. Ascensus Specialties has expertise in borohydride, borane, and specialty alcoholates production. It has built its portfolio through the acquisitions of former Dow Chemical and BASF specialty chemicals businesses.
• The company Kofax launched new cloud-based Epic Fast Healthcare Interoperability Resources (FHIR) API Bot, that aids to automate access to electronic health records (EHR) The company launched its product for Epic Systems, one of the largest EHR vendors in the U.S.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Gallium Oxide Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Gallium Oxide Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope