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The global gallium nitride (GaN) device market size is projected to reach USD 28.40 billion by 2027. The rising usage of gallium nitride semiconductors in radar designing would impact growth positively. They are also used in combat aircraft for the development of tactical radios to enable wideband communications. Fortune Business Insights™ presented this information in a new report, titled, “Gallium Nitride Device Market Size, Share & COVID-19 Impact Analysis, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027.” The report further states that the market stood at USD 20.56 billion in 2019. But, it is set to exhibit a CAGR of 4.28% during the forecast period between 2020 to 2027.
Zhengzhou Yutong Group to Use Cree 1200V Silicon Carbide Devices in Electric Buses
In June 2020, Cree, Inc. and StarPower Semiconductor declared that Zhengzhou Yutong Group Co., Ltd., a manufacturer of commercial vehicles, such as electric buses based in China, is set to use Cree 1200V silicon carbide devices. They will be mainly utilized in a Starpower power module for its powertrain system for electric buses. Both companies are striving persistently to commercialize the adoption of silicon carbide-based inverters.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367
High Demand for Performance Reliability in Radio Communications to Aid Growth
Nowadays, technologically advanced GaN devices are being used extensively in the defense and aerospace sector. It is one of the major factors that are set to drive the gallium nitride device market growth in the near future. Additionally, the increasing demand for performance reliability and high bandwidth in electronic warfare, radars, and radio communications would contribute to this growth. However, the reduction of defense budget owing to the COVID-19 pandemic may obstruct growth.
Partnerships and New Contract Winning — Vital Strategies of Key Players
The market houses many leading gallium nitride device providers that are mainly aiming to strengthen their positions through various organic and inorganic strategies, such as collaborations, mergers and acquisitions, and partnerships. Some of the others are competing to win new contracts from various governmental organizations.
Fortune Business Insights™ lists out the names of all the gallium nitride device manufacturers operating in the global market. They are as follows:
A Noteworthy Industry Development-
Further Report Findings-
The global market can be segmented in the following way:
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
Unit | Value (USD billion) |
Segmentation | By Device Type
|
By Wafer Size
| |
By Component
| |
By Application
| |
By End User
| |
| By Geography
|