Across the globe, the demand for GaN devices used in power electronics applications projected to grow strongly. In addition to this, GaN transistor have a vast potential to grow in usage, GaN Transistor Market opportunity continues to attract more new suppliers. Growing acceptance of GaN transistor devices due to improved performance among different types of end use industry applications and requirement of enhanced battlefield performance is projected to bolster the demand for the global GaN transistor market. In 2013, the energy department of the U.S. estimated that GaN based power devices could reduce the power consumption of different types of consumer electronics and data centers by 20% over the next ten years. Rising acceptance of GaN transistors across different consumer electronics and telecommunication devices is estimated to drive the global GaN transistor market during the forecast period. Furthermore, the superiority of GaN stems from its electronic properties and unique material, making it suitable for different types of optoelectronics and electronics applications.
Prospects for continuing strong growth in the GaN transistor market is expected to remain competitive, fuelled predominantly by increasing sales of hybrid and electric vehicles. The global GaN transistor market has been segmented on the basis of application, end use industry and region. On the basis of application, the market for GaN transistor has been segmented into different types which includes radar, military communication and wireless communication among others.
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The GaN transistor market is also anticipated to experience a prominent growth, during the forecast period, owing to the growing demand for different types of power electronics that consume less power and are more energy efficient. Moreover, on the basis of end use industry, the global GaN transistor market has been segregated into different types which includes consumer electronics, automotive, aerospace & defense, healthcare, energy, agriculture and transportation among others. In 2017, the consumer electronics segment hold the major position of the global GaN transistor market and is projected to maintain its dominance throughout the forecast period. Rising acceptance of GaN transistors in application of Light Detection and Ranging (LiDAR) systems is expected to boost the market demand during the forecast period.
For instance, one of the U.S. based company has currently implemented GaN transistor in different types of applications, from a laser diode used in Light Detection and Ranging (LiDAR) systems to an extremely small power adapter for laptops. Governments organization of various countries across the globe are also developing infrastructure for autonomous and electric vehicles, which is anticipated to boost the market demand during the forecast period. On the flip side, GaN transistors are typically depletion type devices which are ON when the gate-source voltage is zero, which is expected to hinder the demand of the GaN transistor market during the forecast period.
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Geographically, global GaN transistor market has been segmented into North America, Europe, Asia Pacific (APAC), Middle- East and Africa (MEA), South America. In 2018, North America held the largest share of the GaN transistor market due to the high technological adoption of GaN transistor in consumer electronics military and defense, industrial and others industries in the area. Asia Pacific is estimated to be the second largest market for GaN transistor market currently, followed by Europe. Furthermore, in Asia Pacific region owing to industrially developing economies in China, Japan and India is enhancing the demand for global GaN transistor market.
The key players operational in the global GaN transistor market includes GaN Systems, Dialog Semiconductor, Infineon AG, Panasonic Corporation, Navitas, Texas Instrument, Exagan and On semiconductor among others.