gallium nitride market

1. Gallium Nitride Market Size Worth USD 320.4 Million by 2027 www.emergenresearch.com Market Size – USD 69.3 Million in 2019, Market Growth - CAGR of 20.8%, Market Trends –Growing adoption of electric vehicles

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5. Market Summary The global gallium nitride market is projected to be worth USD 320.4 Million by 2027, according to a current analysis by Emergen Research. The gallium nitride market is observing high demand attributed to the growing demand for gallium nitride devices in consumer electronics. Gallium nitride is garnering significant traction in the market and is replacing silicon for use in fast chargers for laptops and smart devices. In the last couple of years, the screen and battery size of smartphones have witnessed a significant increase, which, in turn, is causative of increased power consumption for smartphones, thereby pushing the market for fast chargers. Following the footsteps of aftermarket companies such as Anker, Belkin, AUKEY, and RAVpower, OEMs such as  Samsung, Lenovo, and Oppo have started using gallium nitride for fast chargers’ mass production.  www.emergenresearch.com

6. Market Summary Some Key Highlights from the Report In September 2019, Mitsubishi Electric Corporation declared the development of GaN-HEMT in a multi-cell structure in partnership with the National Institute of Advanced Industrial Science and Technology (AIST) and Research Center for Ubiquitous MEMS and Micro Engineering. The transistor is attached directly to a high thermal conductivity single-crystal heat-dissipating diamond substrate. Gallium nitride finds application in smaller electronics, high-performance EVs and is the primary material for modern-day LED lighting solutions. North America, led by the US, held a significant market share in 2019 attributed to the swift advancements in the automotive and aerospace sectors and surging demand for semiconductor devices in several applications, including military and medical. Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/317 www.emergenresearch.com

7. Market Summary Emergen Research has segmented the global gallium nitride market on the basis of substrate type, distribution channel, application, and region: Substrate Type Outlook (Revenue, USD Billion; 2017-2027) GaN-on-SiC GaN-on-Si GaN-on-Sapphire Others Distribution Channel Outlook (Revenue, USD Billion; 2017-2027) Online Offline Read More@ https://www.emergenresearch.com/industry-report/gallium-nitride-market

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9. Regional Share Dynamics www.emergenresearch.com

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