Gallium Nitride Market Research and Forecast, 2018-2023

Gallium Nitride Market

Industry News, Size, Share, Emerging Trends, Growth and Forecast to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Gallium Nitride Market Gallium Nitride Market: Industry News, Size, Share, Emerging Trends, Growth and Forecast to 2023 • Gallium nitride is majorly used in the production of semiconductors, LEDs, and RF devices. GaN is widely accepted as green technology across most of the industries due to the properties such as high thermal stability, low power consumption, temperature resistance, and high voltage breakdown. Additionally, the GaN devices are smaller in sizes and lighter in weight, which further drives the market growth. The unique properties of GaN and its low cost over silicon have been the major driver of the global market and is expected to continue growing in the near future. • The major applications of GaN devices in the end-user industries such as automotive, consumer electronics, defense and aerospace, and others are the drivers of the market growth. However, the demand for the lightweight automotive with improved efficiency consumes a significant amount of GaN. Furthermore, the consumer electronics industries favor the market growth due to the increased use of GaN in smartphones, laptops, television, and others. GaN LEDs are a threat to conventional lights owing to their power efficiency, energy consumption, luminosity coupled with environmental concerns. However, limited availability of gallium nitride may hinder the market growth during the review period 2017-2023.

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Gallium Nitride Market Regional Analysis The global gallium masterbatch market is segmented into five major regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific is expected to witness a healthy market growth during the forecast period due to the availability of raw materials and the increasing demand for consumer electronics.

North America and Europe are the leading contributors to the gallium nitride market. Countries like the U.S., Canada, and Mexico contribute due to the increased standards of lifestyles.

With growing technological advances in defense, military and space science, North America and Europe are expected to be the major contributor to the market growth in coming years.

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Gallium Nitride Market Major Players in this Research: Key Players for Gallium Nitride Market: • Cree Inc. (the U.S), • GaN systems (Canada), • FUJITSU (Japan), • IQE plc (U.K), • Koninklijke Philips N.V. (the Netherlands), • Infineon Technologies Ag (Germany), • Mitsubishi Chemical Corporation (Japan • Taiwan Semiconductor Manufacturing Company (Taiwan), • Panasonic Corporation (Japan), • Texas Instruments Incorporated (the U.S), • TOSHIBA CORPORATION (Japan), VisIC (Israel),

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Gallium Nitride Market Market Segmentation

The global flexible epoxy resin market can be segmented by type, application, and end-use industry. This would ease the understanding of the market during the forecast period.

Type-wise segmentation of the global flexible epoxy resin market includes rubber modified, urethane modified, and dimer acid.

Application-based segmentation of the flexible epoxy resin market comprises adhesives, semiconductors, primer, composites, electrical laminates, and others.

Based on the end-user industry, the flexible epoxy resin market can be segmented into automotive, electrical & electronics, paints & coatings, military & defense, construction, and others.

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