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GaN Semiconductor Devices Market to Exhibit Massive CAGR of 17.4% due to Flourishing Automotive Industry - TMR

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News provided by

Transparency Market Research

28 Aug, 2019, 08:30 GMT

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ALBANY, New York, Aug. 28, 2019 /PRNewswire/ -- Transparency Market Research has recently published a new research report that gives detailed insights about the workings of the global GaN semiconductor devices market. According to the research report, the GaN semiconductor devices market stood at an initial valuation of US$870.9 mn in 2016. With a massive CAGR of 17.4% expected over the course of the given forecast period of 2016 to 2024, the global GaN semiconductor devices market will reach a valuation of US$3438.4 mn.

The global GaN semiconductor devices market shows a highly consolidated and intensely competitive vendor landscape. Such an environment is because of only a handful of players operating in the industry. Back in 2015, nearly 65% of the overall share of the global market was held by the top four players in the market. The top four companies in the global GaN semiconductors devices market are Cree Inc., GaN Systems Inc., NXP Semiconductors N.V., and Efficient Power Conversion Corporation. Apart from these, some other important players in the global market include names such as Mersen SA, Everlight Electronics Co., Toshiba Corporation, Renesas Electronics Corporation, Avogy Inc., and Fujitsu Limited among others.

For more detailed insights on "GaN Semiconductor Devices market" Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1034

The competition in the market is pretty intense and is only expected to grow as new players are starting to enter in the GaN semiconductor devices market. Major players in the market are looking forward to adopt aggressive strategies such as acquisitions and mergers to stay ahead of their rivals. Some of the companies are opting for strategic collaborations and joint ventures to generate better revenue. Another important trend that is observed in the competitive landscape of the global GaN semiconductor devices market involves a focus towards geographical expansion. Big brands are now trying to leverage the untapped potential of different geographical regions to size up their profits.

Request for Discount on This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1034

Growing Preference to GaN Semiconductor Devices is Driving Market Growth

The automotive sector is the biggest end-user and growth driver for the global GaN semiconductor devices market. These devices are extensively used in a wide range of vehicles, particularly those with LiDAR systems. Recently, a slump in the automotive sector in some regions has affected the demand of GaN semiconductor devices. However, the introduction of new technologies such as wireless charging and self-driving cars and their gradual integration in both private as well commercial uses is expected to create huge demand for GaN semiconductor devices in the near future. This is going to be a major driving factor for the market development in future.

GaN semiconductor chips are preferred by their end-use verticals as compared to the alternatives. This is because the former possesses a number of qualities such as high electronic mobility, high breakdown voltage, and low consumption of power, high resistance to pressure and temperature, and high stability. In addition to these, the use of GaN semiconductors is more environment-friendly. This has increased demand of the components across a wide range of verticals such as industrial electronics, military and defense, and retail among others in the GaN semiconductor devices market.

Request a Customization - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1034

Highly Expensive Production Process is Hampering Market Development

With such bright development prospects and drivers for the development of the global GaN semiconductor devices market, there are however some factors that could slow down the growth rate. One key restraining factor for the market is the high costs associated with the production of the gallium nitride (GaN) semiconductor devices. It is proving to be difficult for companies with less market capital to sustain themselves. Thus, in order to sustain, these companies may turn to cheaper alternatives that will harm the development of the market. Nonetheless, some companies are heavily involved in the research and development activities to develop cost-efficient solutions. This is expected to present some opportunities for growth for smaller companies in the market.

This review is based TMR's report titled, "GaN Semiconductor Devices Market (Product - Power Semiconductors, GaN RF Devices and Opto-semiconductors; Wafer Size - 2 inch, 4 inch, 6 inch and 8 inch; Application - Information and Communication Technology, Automotive, Consumer Electronics, Defence, Aerospace) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024."

Buy our Premium Research Report on GaN Semiconductor Devices market at https://www.transparencymarketresearch.com/checkout.php?rep_id=1034&ltype=S

Key segments of the global GaN semiconductor devices market:

Products

  • Power Semiconductors
  • GaN Radio Frequency Devices
  • Opto-semiconductors

Wafer Size

  • 2 inch
  • 4 inch
  • 6 inch
  • 8 inch

Application

  • Information and Communication Technology
  • Automotive
  • Consumer Electronics
  • Defense and Aerospace
  • Others

Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Browse  Electronics & Semiconductors Market Research Reports

Popular Research Reports by TMR:

  • GaN on Diamond Semiconductor Substrates Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Browse our Blogs for More Research Insights:

https://bitgmx.com | https://techdadz.com|https://www.redfoxinfo.com

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com 
Research Blog: https://thecheckchronicle.com/

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