GaN and AIN Materials Market Size, Share, Growth, and Industry Analysis, By Type (Single Crystal GaN Substrate and Single Crystal AIN Substrate), By Application (RF Device, Power Electronics, MicroLED, UV LED, High Brightness LED,and GaN Laser), Regional Forecast By 2031

Updated On: 29 April 2024

GaN and AIN Materials Market Report Overview

• 

• to learn more about this report

The global GaN and AIN materials market size was USD 312 million in 2022. As per our research, the market is expected to reach USD 618.56 million in 2031, exhibiting a CAGR 7.9% of 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. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

The global GaN and AIN materials is also known as, AIGan. GaN stands for gallium nitride and AIN for aluminium nitride. They are the types of wide-bandgap semiconductors that are used in various applications including power electronics, optoelectronics, and high-frequency devices. They are having unique properties that make it useful in applications such as blue and green light-emitting diodes (LEDs), high electron mobility transistors (HEMTs), and ultraviolet (UV) detectors. It has a wider bandgap than traditional semiconductors like silicon, which means it can operate at higher temperatures and higher voltages, making it more efficient. Growing number of electric vehicles is driving the market.

The global market progression can be credited to the upsurge in the demand due to rise in the demand for wireless communications. This material is used in high-frequency devices, such as RF (radio frequency) amplifiers, due to their high-power capabilities and excellent thermal properties. The rising demand for wireless communication and the need for faster data transmission rates are driving the demand for this material in this area.

COVID-19 Impact: Pandemic led to decrease in demand due to slowdown of automotive and aerospace industries

The effects of the COVID-19 pandemic are already being felt on a global level, the global GaN and AIN materials was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the semiconductor & electronics as well. Pandemic led to slowdown in end-use industries, such as automotive and aerospace, which has affected the demand for GaN and AlN materials.

Latest Trends:

"Increasing demand for electric vehicle to surge the market growth"

The adoption of electric vehicles is increasing, and GaN and AlN materials are being used in various components of EVs, such as power electronics and battery management systems. This trend is expected to continue as the demand for EVs grows.

GaN and AIN Materials Market Segmentation

• 

• to learn more about this report

• By Type

Based on type, the global GaN and AIN materials market is divided into single crystal GaN substrate and single crystal AIN substrate.

• By Application

Based on application, the market is divided into RF device, power electronics, microLED, UV LED, high brightness LED, and GaN laser.

Driving Factors:

"Growing demand in 5G networks and Development of GaN-based micro-LEDs to augment market expansion"

5G networks require high-performance RF devices, and GaN and AlN materials are being used in the production of these devices due to their high-power capabilities and excellent thermal properties. As 5G networks continue to roll out globally, the demand for GaN and AlN materials is expected to increase. Additionally, micro-LEDs are a new type of display technology that is expected to replace traditional LCD and OLED displays. GaN-based micro-LEDs offer several advantages, such as higher brightness and efficiency, and are being developed for use in applications such as smartphones and smartwatches.

"Increasing use in UV-C LED disinfection to offer various growth opportunities to the market"

UV-C LED disinfection is becoming more popular as a way to disinfect surfaces and air. GaN and AlN materials are being used in the production of UV-C LEDs due to their high efficiency and stability, and this trend is expected to continue as the demand for UV-C disinfection grows. These factors are anticipated to prosper GaN and AIN materials market growth.

RESTRAINING FACTORS

"Higher efficiency of alternative products to hinder market progress"

SiC offers superior power efficiency and advanced power handling capacity for several power functions, including power rectification, power factor correction, power amplification, and power transmission. SiC is the perfect replacement material for silicon for high-voltage power applications as it offers advanced features such as power efficiency at high-voltages, high reliability and flexibility in power reduction, power factor correction and power application, surpassing pure silicon by several leagues. SiC stands out as better option for high-voltage power semiconductor devices.

GaN and AIN Materials Market Regional Insight

• 

• to learn more about this report

"Asia-Pacific to dominate the market due to rapid adoption of technological advancements"

Asia-Pacific is estimated to be the fastest-growing region in the overall market over the forecast period, owing to rapid technological advancements that are leading to increased demand for high-performance and efficient radio frequency components. Countries such as China and Japan in the region are some of the largest manufacturers of consumer electronics, including LED display devices, smartphones, and gaming consoles. This is a key factor boosting the growth of the regional market. The development of telecommunications infrastructure and the notable rise in the usage of wireless electronic devices in the Asia Pacific region are further propelling the market's expansion.

North America likely to hold the second-largest share in the market. The increasing investments from the defense and aerospace industry in research & development are fueling the market growth in the region. Furthermore, funding provided by government bodies to semiconductor companies is expected to drive the market in the region. For instance, U.S. Lawmakers introduced a bill in June 2020 to provide more in support for semiconductor manufacturers. The bill was aimed toward spurring the construction of chip factories in the U.S.

Key Industry Players

"Market Players to focus on mergers and collaborations to grow in the market"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Sumitomo Electric Industries, Ltd. (Osaka, Japan)
• Sumitomo Chemical (Japan)
• Mitsubishi Chemical (Japan)
• Kyma Technologies (U.S.)
• HexaTech (U.S.)
• Sino NitrideSemiconductor (China)
• Suzhou Nanowin Science and Technology Co.,Ltd (China)
• Ultratrend Technologies Co., Ltd. (China)

Report coverage

This report examines an understanding of the global GaN and AIN materials market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.