In a recent research report by Market Research Community, the Global Gallium Nitride (GaN) Substrates Market is expected to surpass USD 9,833.86 Million by the year 2030, from USD 3,925.85 Million in 2021.
Gallium nitride (GaN) substrates offer good uniformity, excellent crystallinity, and superior surface quality with few dislocations. They have lower cooling requirements and offer improved energy efficiency, faster speeds, and high-power density. Additionally, GaN substrates offer high electrical and thermal conductivity with lower weight and smaller dimensions. These features of GaN substrates are some of the key determinants increasing their usage in various end-user industries such as automotive, consumer electronics, aerospace, IT & telecommunication, and among others.
Asia Pacific is expected to witness a significant CAGR growth of over 12.1% during the forecast period of 2022-2030. The rapid pace of industrialization, development, and globalization is creating lucrative opportunities for the growth of the market in the region. Moreover, the growth of multiple industries in the Asia-Pacific region such as electronics, automobiles, and others, is fostering the market growth for GaN substrates.
Factors such as the increasing development of new technologies in the electronics sector, rise in disposable income, and surging penetration of smartphones, laptops, and other consumer devices with advanced features in Asia-Pacific are some of the key aspects driving the growth of the electronics sector in the region. Additionally, according to International Energy Agency (IEA), China is the largest producer and consumer of LED lighting products.
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The study is consolidated into major segments and further into sub-segments, such as by type (GaN on Sapphire, GaN on Si, GaN on GaN, GaN on Diamond, Others), by size (2 Inch, 4 Inch, 6 Inch, 8 Inch), by application (Transistors, Lasers, LEDs, RF Devices, Others), by end-user (Automotive, Aerospace and Defense, IT and Telecommunication, Consumer Electronics, Healthcare, Others) to forecast the market size by value considering 2021 as the base year.
Market Segment:
By type
GaN on Sapphire
GaN on Si
GaN on GaN
GaN on Diamond
Others
By size
2 Inch
4 Inch
6 Inch
8 Inch
By application
Transistors
Lasers
LEDs
RF Devices
Others
By end-user
Automotive
Aerospace and Defense
IT and Telecommunication
Consumer Electronics
Healthcare
Others
By Region
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile, Rest of Latin America
The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA
The Gallium nitride (GaN) substrates Market Overview is expected significantly over the next few years in market growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Saint-Gobain, Sumitomo Chemical Co., Ltd., SOITEC, Mitsubishi Chemical Corporation, NGK Insulators Ltd, Xiamen Powerway Advanced Material Co., Limited, Suzhou Nanowin Science and Technology Co., Ltd, SixPoint Materials, Inc., Sino Nitride Semiconductor Co., Cree Inc. (Woolfspeed Inc.), and Jiaozuo Commercial Finewin Co., Ltd.
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