WILMINGTON, DE / ACCESSWIRE / February 7, 2023 / Transparency Market Research Inc. - The global GaN substrate market is projected to expand at a CAGR of 10.7% during the forecast period from 2022 to 2031, as per the market outlook by Transparency Market Research (TMR).

Adoption of gallium nitride, or GaN substrate has increased in electric vehicles and consumer electronic devices in recent few years, owing to their advantages such as the ability to withstand higher voltages and operate at high temperatures. Rise in demand for electric vehicles and rapid growth in the electronics sector are projected to create prominent business opportunities for GaN substrate providers during the forecast period.

GaN Substrate Market: Key Findings

• GaN substrates find application in the production of LEDs (violet, blue, white, and ultraviolet). Furthermore, they are used in the manufacturing of blue-violet laser diodes for blue rays. These substrates fulfill the high brightness LED requirements, which emphasize durability and output. The semiconductor industry is witnessing significant transformation owing to GaN substrate based solid-state lighting technology. Usage of GaN technology can help in significantly decreasing the global energy demands and address the issue of carbon emission.
• As per the United States Department of Energy, bright white LED lighting source can help in decreasing energy consumption by 29.0% by the end of 2025. Demand for gallium nitride-based LEDs has increased in recent years for Solid-state Lighting (SSL) applications. This can be attributed to advantages such as low power consumption, high durability compared to incandescent and fluorescent bulbs, and increased efficiency of gallium nitride-based LEDs. These factors are expected to fuel industry growth during the forecast period.
• Usage of GaN transistors has increased in the power electronics industry instead of silicon-based FETs, ascribed to several advantages of GaN transistors, such as high electron mobility. Demand for GaN transistors has increased in applications such as automobiles, audio amplifiers, and power chargers. These factors are fueling market expansion.

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GaN Substrate Market: Growth Drivers

• Increase in sales of LEDs and power switching devices across the globe is expected to fuel the demand for GaN substrates
• Rise in adoption of electric vehicles globally is anticipated to create lucrative opportunities in the market

Regional Analysis

• As per the TMR research report, Asia Pacific accounted for 38.0% share of the global industry in 2021. The regional market growth can be attributed to the presence of prominent electronics manufacturers in countries such as South Korea, China, and Japan and rise in demand for computers, smartphones, desktop PCs, and tablets in developing countries.
• North America held 27.0% share of the global market in 2021. The market is gaining significant growth prospects in North America owing to increase in usage of GaN substrates in aerospace, defense, and automotive industries, and rise in demand for hybrid and electric vehicles in the region.

Competition Landscape

• Companies are strengthening their production capabilities in order to fulfill the rise in market demand
• They are adopting strategies such as merger, acquisition, and product launch to increase their market share
• Players are focusing on high-growth applications, such as RF devices, transistors, light-emitting diodes (LEDs), and ICs in order to boost their revenues

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GaN Substrate Market: Key Players

• Kyocera Corporation
• Kyma Technologies, Inc.
• MTI Corporation
• Mitsubishi Chemical Corporation
• Shin-Etsu Chemical Co., Ltd.
• NGK Insulators, Ltd.
• Sumitomo Chemical Co., Ltd.
• SOITEC
• Xiamen Powerway Advanced Material Co., Ltd.
• Toyoda Gosei Co., Ltd.

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GaN Substrate Market Segmentation

Type

• GaN on Sapphire
• GaN on Si
• GaN on GaN
• GaN on Diamond

Size

• 2 Inch
• 4 Inch
• 6 Inch
• 8 Inch

Application

• Transistors
• RF Devices
• Lasers
• LEDs
• Others (ICs, Controllers, etc.)

End-use Industry

• IT & Telecommunication
• Consumer Electronics
• Automotive
• Aerospace & Defense
• Healthcare
• Others (Energy & Utility, Industrial, etc.)

Regions Covered

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa

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