The global GaN semiconductor device market is projected to grow from USD 19.4 billion in 2021 to USD 24.9 billion by 2026; it is expected to grow at a CAGR of 5.2% from 2021 to 2026. The key factors fueling the growth of this market include the wide gap property of GaN material facilitating innovative applications, success of GaN in RF power electronics, and the increasing adoption of GaN RF semiconductor devices for defense and aerospace applications.
The GaN semiconductor device market is dominated by key global established players such as Cree, Infineon Technologies, Qorvo, MACOM, NXP Semiconductors, Mitsubishi Electric, Efficient Power Conversion (EPC), GaN Systems, Nichia Corporation, and Epistar Corporation. These companies focus on adopting both organic and inorganic growth strategies, such as product launches and development, expansions, partnerships, joint ventures, agreements, and acquisitions to strengthen their position in the market.
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Qorvo has been a market leader in the GaN semiconductor device market in 2020. The company has focused on designing and manufacturing GaN RF products of different designs, configurations, and packaging for various applications leading to its market growth. Cree is another key player with a wide product portfolio of GaN RF products. The increase in the global adoption of GaN products in the form of transistors, diodes, rectifiers, and integrated circuits (ICs) in consumer and enterprises, telecommunication, industrial, and automotive sectors has led to their market growth globally. On the other hand, the ongoing technological advancements in the GaN such as the design and development of GaN-on-SiC technology have further boosted the market penetration of GaN. These factors have together led to the market growth of these companies.
Qorvo is a US-based semiconductor company with a broad product portfolio of RF solutions for advanced wireless, defense, and radar applications. The company offers various GaN solutions, including HEMT, switches, amplifiers, and power amplifiers. Some of the applications for which the company offers GaN products include communication, network infrastructure, satellite and radar, aerospace and defense, industrial, etc. The company has a presence worldwide, with sales and manufacturing facilities located in North America, Asia, and Europe.
The company has focused on both organic and inorganic strategies to become one of the major market leaders in the GaN RF market. It has undertaken acquisitions, expansions, agreements, and product launches to expand its customer base across boundaries. The company has a vast customer base in North America, especially the US. It can consider the region as a base to leverage its GaN business as other startups emerge in the region. The company is also focusing on emerging applications, such as aerospace and defense and scientific applications, to expand its business.
Another important player in the GaN semiconductor device market is Cree. Cree is a leading manufacturer of light-emitting diode (LED) products, lighting products, and wide bandgap semiconductor products for power and radio frequency (RF) applications. The Wolfspeed division of Cree develops Gallium Nitride (GaN) high electron mobility transistor HEMT-based radio frequency (RF) products such as general-purpose broadband 24V, general-purpose broadband 40V, and general-purpose broadband 50V. The GaN solutions offered by the company cater to sectors such as telecom and aerospace & defense, and communication infrastructure applications.
The company can leverage its custom die manufacturing capabilities for GaN HEMTs and MMICs to design and fabricate products that meet specific requirements of clients, thereby build its market position. The major focus of the company in recent times has been on the APAC region, especially China since the markets in this region hold substantial growth opportunities. It has undertaken acquisitions, expansions, agreements, and product launches to meet the changing needs of its extensive customer base and expand to niche demand markets.
Other major players in the GaN semiconductor device market are mainly focusing on agreements, expansions, and partnerships along with new product launches to achieve continuous and sustainable development.
Gallium Nitride Semiconductor Device Market with COVID-19 Impact Analysis by Device Type (RF, Power, Opto), Wafer Size, Application, Vertical (Consumer and Enterprises, Automotive, Telecommunications), and Geography - Global Forecast to 2026
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