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Gallium Nitride Semiconductor Device Market Worth 22.47 Billion USD by 2023


News provided by

MarketsandMarkets

01 Nov, 2017, 14:30 GMT

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PUNE, India, November 1, 2017 /PRNewswire/ --

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According to the new market research report on the "Gallium Nitride Semiconductor Device Market by Device Type (Opto, Power, RF), Wafer Size, Application (Power Drives, Supply and Inverter, RF, Lighting and Laser), Vertical (Telecommunication, Consumer, Automotive), and Geography - Global Forecast to 2023", published by MarketsandMarkets™ , this market is expected to be worth USD 22.47 Billion by 2023, growing at a CAGR of 4.6% between 2017 and 2023. The major factors driving the growth of the gallium nitride semiconductor device industry include the vast addressable market for gallium nitride in consumer electronics and automotive, wide bandgap property of gallium nitride material encouraging innovative applications, success of gallium nitride in RF power electronics, and increasing adoption of gallium nitride RF semiconductor device in military, defense and aerospace application.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 71 Market Data Tables and 53 Figures spread through 179 Pages and in-depth TOC on "Gallium Nitride Semiconductor Device Market - Global Forecast to 2023" 

https://www.marketsandmarkets.com/Market-Reports/gallium-nitride-gan-semiconductor-materials-devices-market-698.html 

Early buyers will receive 10% customization on this report

Power device to grow at the highest rate during the forecast period 

Gallium nitride semiconductor device market for power devices is estimated to grow at the highest CAGR during the forecast period. This is attributed to its ability to minimize power loss and achieve high-speed switching with characteristics such as miniaturization, high breakdown voltage, and high-speed switching. Also, the large total addressable market such as power distribution systems, industrial systems, heavy electrical systems, turbines, heavy machinery, advanced industrial control systems, and electromechanical computing/computer systems; and is also inclusive of several new power applications (clean-tech) such as high-voltage direct current (HVDC), smart grid power systems, wind turbines, wind power systems, solar power systems, and electric and hybrid electric vehicles are among the prime reasons for its faster growth.

Market for consumer and enterprise expected to hold the largest market size by 2023 

The gallium nitride semiconductor device for consumer and enterprise industry is expected to hold the largest market size during the forecast period. In the consumer and enterprise industry, gallium nitride light-emitting diode (LEDs) are widely used in laptop and notebook display, mobile display, projectors, televisions and monitor, and signs and large displays. Also, use of gallium nitride power device in wireless charging is one of the upcoming opportunities contributing to the growth of this industry.

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=698

APAC likely to hold the largest share of the gallium nitride semiconductor device market during the forecast period 

APAC is expected to hold the largest share of the gallium nitride semiconductor device market during the forecast period owing to the increasing demand for LEDs in various industries such as consumer and enterprise, industrial, and automotive. Further, EV charging, and electric vehicle production markets, and increasing renewable energy generation are driving the market in APAC.

Inquiry Before Buy @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=698

The report also profiles the most promising players in the gallium nitride semiconductor device market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are Cree (US), Samsung (South Korea), Infineon (Germany), Qorvo (US), MACOM (US), Microsemi Corporation (US), Analog Devices (US), Mitsubishi Electric (Japan), Efficient Power Conversion (US), GaN Systems (Canada), Exagan (France) , VisIC Technologies (Israel), Integra Technologies (US), Transphorm (US), Navitas Semiconductor (US), Nichia (Japan), Panasonic (Japan), Texas Instruments (US), Ampleon (Netherlands), Sumitomo Electric (Japan), Northrop Grumman Corporation (US), Dialog Semiconductor (UK), and Epistar (Taiwan).

Browse Related Reports 

Power Electronics Market by Material (Silicon, SiC, GaN, Sapphire), Device Type (Discrete, Module, and IC), Vertical (ICT, Consumer Electronics, Power, Industrial, Automotive, and Aerospace and Defense), and Geography - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/power-electronics-market-204729766.html

5G Technology Market and Its Impact on Communication and IoT Market (R&D Spending and Trial Investments, Technology Requirements, Future Roadmap, Spectrum Consideration, Key Strategies, Regulatory Landscape, and Application Trends & Geographical Analysis)
https://www.marketsandmarkets.com/Market-Reports/5g-technology-market-202955795.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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Suite 430
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USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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