Gallium Nitride-on-Silicon market was valued at US$71.204 million in 2018 and is anticipated to grow at a CAGR of 17.36% during 2018-2024. The GaN-on-silicon is gaining traction in the semiconductor industry as silicon-based power devices have reached their physical limits. As a result, GaN-on-silicon is fast becoming the material choice for power electronics as they are not only efficient, smaller, and cooler, but are also cost efficient which is significantly driving the market growth. Growing miniaturization and digitalization is leading to the incorporation of various RF electronics in the end products which is significantly leading to an increased demand for such material, thus driving the market GaN-on-silicon market growth. Therefore, various players are partnering with research institutes to further develop GaN-on-silicon technology. For instance, in September 2018, STMicroelectronics has partnered with a research institute named as Leti to industrialize GaN-on-silicon technologies for power switching devices. The burgeoning utilization of power electronics in various applications, including automotive on-board chargers for hybrid and electric vehicles, wireless charging, and servers.
Therefore, the GaN-on-Silicon market is poised to grow at an astounding rate during the forecast period on account of a number of players working towards commercializing GaN-on-silicon technology for various applications so as to keep pace with the growing demand for technologically advanced consumer electronics products.
The “GaN-on-Silicon Market – Forecasts from 2019 to 2024” is an exhaustive study of this niche technology market which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, and geography.
The GaN-on-Silicon market on segmented based wafer size, application and geography. Based on wafer size, the market has been segmented into 150mm and 200mm. By application, the market has been classified into LED lighting, power switching device, and RF electronics.
Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2024. The global market has been broken down into the Americas, Europe Middle East, and Africa (EMEA), and the Asia Pacific.
Major players in the GaN-on-Silicon market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the GaN-on-Silicon market.
By Wafer Size
Power Switching Device
Europe Middle East and Africa (EMEA)
Middle East and Africa