Gallium Nitride (GaN) semiconductor devices’ uses can be seen in multiple high voltage applications, LEDs and radio frequency amplifiers to name a few. This is due to their capability to work at high temperature, frequency with enhanced competence and linearity. They have many benefits which include their thermal performance, weight, size and efficiency. Their market can be segmented on the basis of type, application, wafer size and geography. Power semiconductor, radio frequency devices, opto semiconductors are different categories that come under the type of GaN semiconductor devices. Defense, aerospace, communication technology, consumer electronics, automotive are the different application areas of GaN semiconductor devices. The wafer sizes available are 2 inch, 4 inch, 6 inch and 8 inch. Geographically the GaN market can be divided into North America, Europe, Asia- pacific and the Rest of the World.
In the recent times, the GaN technology has undergone a lot of advancement pertaining to which different companies are developing innovative semiconductor products and the applications of GaN are also multiplying. High- power and high temperature applications are also growing in demand which has indirectly pushed the demand for GaN semiconductor devices. There is an estimation of a 17% compounded annual growth rate (CAGR) during the period from 2016 to 2024 in the global market for GaN semiconductor devices. The market value of the market is projected to cross $3.4 billion in 2024.
Despite the many competitive advantages provided by GaN semiconductor devices, the silicon based devices have been in the market for over a decade. GaN semiconductor devices market on the other hand is still at a prime stage and is yet to utilize their full potential.
Here are some more points that explain about the GaN semiconductor devices market:
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