Global Semiconductor Gallium Oxide Market Size By Product (Molecular Beam Epitaxy, Chemical Vapour Deposition), By Application (Power & High Voltage Devices, Electroluminescent Devices), By Geographic Scope And Forecast

Semiconductor Gallium Oxide Market Size And Forecast

Semiconductor Gallium Oxide Market size was valued at USD 13.73 Billion in 2024 and is projected to reach USD 88.37 Billion by 2031, growing at a CAGR of 28.91% during the forecasted period 2024 to 2031.

The demand for the semiconductor gallium oxide has been growing spontaneously on account of the rapidly flourishing semiconductor industry along with the rising demand from industries such as electronics and semiconductors. The Global Semiconductor Gallium Oxide Market report provides detailed information and evaluation of the market. The report offers a comprehensive analysis of trends, key segments, drivers, competitive landscape, restraints, and factors that are playing a substantial role in the market.

Global Semiconductor Gallium Oxide Market Definition

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. With recent advances and emerging uses of semiconductors, demand in the gallium oxide market is likely to rise over the forecast period.

Global Semiconductor Gallium Oxide Market Overview

The demand for the semiconductor gallium oxide has been growing spontaneously on account of the rapidly flourishing semiconductor industry along with the rising demand from industries such as electronics and semiconductors. Gallium oxide (Ga2O3) is a semiconductor material with a bandgap greater than silicon, gallium nitride, and silicon carbide. 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 electronics industry is running out of ways to maximize silicon as a semiconductor, which is why researchers are searching for other materials such as gallium nitride, silicon carbide, and gallium oxide. Semiconductor companies play a key role in the development of advanced technology products. The industry is seen as an opportunity by many investors as a key investment. Asia Pacific region is likely to dominate the gallium oxide market, owing to the booming semiconductor industry in the region. However, the market is limited by the limited production of gallium and fluctuations in raw materials and prices. Gallium is mainly recovered as a by-product of treating bauxite (a major source of aluminum).

Global Semiconductor Gallium Oxide Market Segmentation Analysis

The Global Semiconductor Gallium Oxide Market is segmented on the basis of Product, Application, And Geography.

Semiconductor Gallium Oxide Market, By Application

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

To Get Summarized Market Report By Application-

Based on Application, the market is bifurcated into Power & High Voltage Devices, Electroluminescent Devices, Gas Sensors, and Others. The power & high voltage devices segment accounted for the largest market share in 2021 and is also estimated to grow speedily at 50.70% CAGR. Semiconductor Gallium Oxide is a potential material for high-voltage and power electronics. Ga2O3’s bandgap is substantially greater than that of SiC and GaN. Baliga’s figure of merit (FOM), which represents the device’s resistive losses, may be used to determine a semiconductor material’s potential for high-power device applications It will likely drive the demand for the Semiconductor Gallium Oxide product segment across the forecast timeline.

Semiconductor Gallium Oxide Market, By Product

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

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Based on Product, the market is bifurcated into Molecular Beam Epitaxy, Chemical Vapour Deposition, Chemical Synthesis, Thermal Vaporization and Sublimation, and Others. The Molecular Beam Epitaxy segment accounted for the largest market share in 2021.

The market growth is anticipated to be driven by Molecular Beam Epitaxy (MBE), which has been used to produce Ga2O3 in a number of publications. Ga and dopant (Si, Sn) fluxes were provided using conventional Knudsen cells. Ga2O3 is also produced via a chemical reaction of vapor phase precursors on a heated substrate in a chemical vapor deposition (CVD) process. CVD methods have been used to synthesize Ga2O3 from a variety of Ga compounds.

Semiconductor Gallium Oxide Market, By Geography

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

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On the basis of Regional Analysis, the Global Semiconductor Gallium Oxide Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia Pacific accounted for the largest market share and North America was the second largest in 2020. The North America region has a leading and fastest-growing economy in the global market.

Besides, the region has the largest market for semiconductor gallium oxide. The region is an electronics hub with millions of electronic devices being manufactured every year for consumption in the region itself and also for exporting to other places. The electronics market is increasing with each passing year and with it, the Semiconductor Gallium Oxide Market is also growing to keep up with the growth in the electronics industry. Hence, estimated to propel the overall demands of the Semiconductor Gallium Oxide Market.

Key Players

The “Global Semiconductor Gallium Oxide Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are AGC Inc., FLOSFIA Inc, ABSCO Limited, Strem Chemicals, Inc., Aluminum Corporation of China Limited (Chalco), Thermo Fisher Scientific, Inc. (Alfa Aesar), and Others. 

Our market analysis contains a section that is completely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes market share, key development strategies, and market ranking analysis of the above-mentioned key players in the global market.

Key Developments

• FLOSFIA has accepted the capital participation from Daikin Industries, Ltd. to foundation for long-term growth in order to realize the “Semiconductor Ecology” that the FLOSFIA is working toward.

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 Semiconductor 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 Semiconductor Gallium Oxide Market, gauge the attractiveness of a certain sector, and assess investment possibilities.