GALLIUM NITRIDE SUBSTRATES MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global gallium nitride substrates market size was USD 433.4 million in 2022 and is projected to touch USD 1066.16 million by 2031 at CAGR 10.5% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Gallium nitride substrates are a type of material which are used for the purpose of manufacturing electronic devices that provide high-performance. These substrates are used in devices such as radio frequency components, televisions, and power amplifiers. These substrates mainly consist of gallium as well as nitrogen atoms that are arranged in the form of a crystal lattice structure.
These substrates are a very crucial component in the automotive, defense, and even telecommunication industries. Improved manufacturing procedures are being introduced in the market. Gallium nitride substrates are better compared to other substances. These factors have helped in the rapid development of gallium nitride substrates market share.
COVID-19 Impact: Transition to Online Education and Work from Home During Pandemic Increased Market Share
The outbreak of pandemic of COVID-19 changed the dimensions of many industries. Due to the economic as well a health emergency that was created due the outbreak of the infectious coronavirus many changes had to be introduced in each and every sector. This disrupted the smooth functioning of the all the markets.
A major change which was prevalent during the lockdown period was the adoption of work from home and online education. This change increased the need for electronic devices that included data center components, and power supplies. All these devices make use of gallium nitride substrates as their crucial component. This factor increased the market growth even during the pandemic period.
LATEST TRENDS
"Incorporation of these Substrates in Automotive Industry to Increase Market Growth"
An important sector where substrates made up of gallium nitride are used is the automotive industry. Many parts and components of the automotive sector make use of gallium nitride substrates. Changing preference of consumers towards electric vehicle is creating a greater scope for the market.
Other than being used in electric vehicles these substrates are also implemented in components such as charging stations, and power converters. Another noticeable trend in the market is the growing requirement for 5G network as well as high-speed transition data. This requirement is driving the demand for frequency components that are made up of gallium nitride substrates.
GALLIUM NITRIDE SUBSTRATES MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type:
The market can be divided on the basis of type into the following segments:
GaN on Sapphire, GaN on Si, GaN on GaN, and, Other. The GaN on sapphire segment is anticipated to dominate the market during the forecast period.
- By Application:
Based on application, the market share is bifurcated into the following segments:
Health care, automotive, and, military and defense. The healthcare segment is expected to dominate the market during the forecast period.
DRIVING FACTORS
"Better Manufacturing Procedures for These Substrates to Amplify Market Growth"
With the development in the market, better and efficient manufacturing processes for gallium nitride substrates are introduced in the market. Many improvements are trying to be implemented in the production of these substrates. This is prone to decrease the cost and increase the efficiency of the substrates.
Substrates with a larger diameter are also being manufactured. These will help in production of electronic components as well as devices that are very complex. Recently there has been a lot of demand for data center components and power supplies as these are energy-efficient and provide high quality performance. All of these factors have helped in propelling market growth and development.
"Better Performance Provided by Gallium Nitride Compared to Other Materials to Impede Market Growth"
Gallium nitride semiconductors or substrates have many superior features as compared to other materials. They have high rapid switching speed, better efficiency, and high performance due to which they are considered to be ideal for electric components rather than other substances. This will attract more customers to the market.
Along with being used in the automotive sector these substrates are also an important part of the military segment as they are used in the manufacturing of equipments such as communication devices and also radar systems. Emergence of Internet of Things (IoT) has positively impacted the market growth. All of these factors are propelling the gallium nitride substrates market growth.
RESTRAINING FACTOR
"Limitation in Adoption of These Substrates in Different Industries to Bring Down Market Share"
Gallium nitride substrates have several advantages. However, they also have certain limitations that can negatively affect the growth and development of the market. One such disadvantage is that these substrates cannot be used in many industries. Their limited adoption will hamper the market growth.
Also, the high cost involved in manufacturing this product will prove to be a restraining factor. Skilled personnel are highly important when it comes to the production of these substrates. If properly skilled people are not available that can lead to many problems. All of these factors can have a negative impact on the market growth.
GALLIUM NITRIDE SUBSTRATES MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Asia Pacific to Dominate Market Share in Upcoming Years "
Asia Pacific is predicted to account for majority of the market share. This can be attributed to the presence of several favorable factors in this region. There are many leading manufacturers that are present in this region. Electronic vehicles are in high demand in this region.
Increasing adoption of gallium nitride substrates in automotives, and defense sector for the manufacturing of electric components will further propel in the market share in this region. The increasing investment on telecommunications will further have a positive impact on the market in Asia Pacific.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Toshiba (Japan)
- Koninklijke Philips (Netherlands)
- Texas Instruments (U.S.)
- Saint Gobain (France)
- Sumitomo Electric Industries (Japan)
- Soitec Pte Ltd (France)
- Fujitsu Limited (Japan)
- Mitsubishi (Japan)
- NGK Insulators (Japan)
- Infineon Technologies (Germany)
- Sino Nitride Semiconductors (China)
- PAM Xiamen (China)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. A list of the top industry players has also been mentioned in the report in order to provide a better understanding of the competition that is prevailing in the market.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 433.4 Million in 2022 |
Market Size Value By |
US$ 1066.16 Million by 2031 |
Growth Rate |
CAGR of 10.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
Which are the driving factors of the gallium nitride substrates market?
These substrates are a very crucial component in the automotive, defense, and even telecommunication industries. Improved manufacturing procedures are being introduced in the market. These factors have helped in the rapid development of gallium nitride substrates market share.
-
Which is the leading region in the gallium nitride substrates market?
Asia Pacific is the leading region in the gallium nitride substrates market.
-
Which are the top companies operating in the gallium nitride substrates market?
Mitsubishi, NGK Insulators, Infineon Technologies, Sino Nitride Semiconductors, and, PAM Xiamen are some of the top companies that are operating in the gallium nitride substrates market.