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Global Gallium Nitride Market Value

The global market of Gallium Nitride is expected to grow at a substantial rate with a CAGR of 9.6% and revenue is expected to rise to USD $220 million for the forecast period 2021-2027. Gallium nitride is widely used in semiconductor devices. The increasing use of gallium nitride technology devices as they have high-frequency, high-voltage, and high-temperature applications will propel the growth of the gallium nitride market globally.

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Global Gallium Nitride Market Value

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  1. Global Gallium Nitride Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Gallium Nitride Market The global gallium nitride market size is anticipated to grow at USD 220 million in 2027 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2021 to 2027. Gallium Nitride (GaN) is a material that is used for semiconductor power devices, RF components and, light-emitting diodes (LEDs). They are likely to have massive demand due to their usage in a variety of semiconductor devices. Gallium Nitride is a substitute for sapphire, silicon carbide, and silicon because of its high output power, low power consumption, lower resistance, high efficiency at ultra-high, and microwave radio frequencies. Also, there is a need to save energy because of the depletion of oil sources and limited sources of energy as a result power devices are being used which propels the growth of the gallium nitride market. Gallium nitride semiconductor devices possess high breakdown voltage and low conduction resistance which helps in reducing conduction loss and switching loss in power devices. Thus, driving the demand for the gallium nitride market globally.

  4. Global Gallium Nitride Market There is a huge investment and development in the gallium nitride market globally. The major factor driving the growth of the gallium nitride market is the need for low cost and power consumption in automotive and consumer electronics. The rising demand for energy-efficient GaN devices and power semiconductors in wired communications will propel the growth of the market as many internet service providers focus on high capacity, ubiquitous connectivity, and lower latency with optic cable wires They are used as an innovative application in defense, military, and aerospace segment such as gallium nitride RF semiconductor device. The potential use of gallium nitride in the 5G infrastructure will accelerate the growth of the gallium nitride market globally. The availability of alternate raw materials such as silicon carbide semiconductor devices is the best alternative for high voltage range applications which will be a challenge for the growth of the gallium nitride market globally.

  5. Global Gallium Nitride Market Moreover, due to the ongoing COVID-19 pandemic, countries are reducing their defense budget and investing in COVID-19 recovery. This in turn will result in lesser demand for military radars, tactical radios, and software-defined radios. The development cost and maintenance cost is high for gallium nitride components which will further hamper the growth of the market. Some of the key players operating in the gallium nitride market: Cree, Inc., Infineon Technologies AG, Efficient Power Conversion Corporation, GaN Systems Inc., NXP Semiconductors, Qorvo, Inc, Texas Instruments Incorporated, Toshiba Corporation, Epistar Corporation, and Mitsubishi Electric Corporation.

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