GaN Semiconductor Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Gallium Nitride Semiconductor Devices Market Share & Analysis and It is Segmented by Type (Power Semiconductors, Opto-Semiconductors, RF Semiconductors), by Devices (Transistors, Diodes, Rectifiers, Power IC's), by End-User Industry (Automotive, Consumer Electronics, Aerospace and Defense, Medical, Information Communication and Technology), and by Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Gallium Nitride (GaN) Semiconductor Devices Market Size

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GaN Semiconductor Devices Market Summary
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Study Period 2021 - 2029
Market Size (2024) USD 21.18 Billion
Market Size (2029) USD 28.42 Billion
CAGR (2024 - 2029) 6.06 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

GaN Semiconductor Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Gallium Nitride (GaN) Semiconductor Devices Market Analysis

The GaN Semiconductor Devices Market size is estimated at USD 21.18 billion in 2024, and is expected to reach USD 28.42 billion by 2029, growing at a CAGR of 6.06% during the forecast period (2024-2029).

GaN (gallium nitride) is creating an innovative shift throughout the power electronics sector. For decades, silicon-based Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) have been an integral part of the everyday modern world that helps convert energy into power. GaN is replacing silicon as the backbone of power switching technology, as it can meet the growing needs with better power system performance, efficiency, and system cost.

  • GaN is used to produce semiconductor power devices, RF components, and light-emitting diodes (LEDs). It has disrupted the technology for silicon semiconductors that are used in RF, power conversion, and analog applications. Increased semiconductor spending has a positive impact on the growth of the market under consideration.
  • Also, the market for GaN semiconductor devices is being driven by the growing need for radio frequency in the semiconductor market, the growth of the consumer electronics industry, especially in LED-based lighting and displays, and the rise of electric vehicles, power delivery, and photovoltaic inverters.
  • Further, GaN offers cost-effectiveness and the elimination of cooling requirements compared to silicon and gallium arsenide. In addition, the cost of production of a GaN device is much lower than the cost of production of a MOSFET device, as GaN devices are manufactured using standard silicon manufacturing procedures in the same factories where traditional silicon semiconductors are manufactured, and as GaN devices are much smaller for the same functional performance.
  • The semiconductor device manufacturers are integrating an increasing number of passive components per circuit, leading to increased circuit design complexity and physical access limitations. This would require significant patterning that uses error-free masks to transfer the pattern onto wafers without any errors or defects. Therefore, OEMs' pressing need for an edge in device performance drives the market studied.
  • Furthermore, with the growing development of wide bandgap (WBG) materials, market vendors are stimulated to manufacture small market products without compromising performance. GaN presents some unique challenges to the essential passive components used in power conversion and motor drive circuits to match the pace of innovations in the semiconductor process.
  • The COVID-19 pandemic has led to enormous disruptions in supply chains across industries globally, due to which many businesses worldwide have halted or reduced operations to help combat the spread of the virus. The pandemic has impacted the studied market, leading to a drop in operation levels across the raw material production and supply chain for component production. This indicates a fall in sales among various countries and regions.

Gallium Nitride (GaN) Semiconductor Devices Market Trends

Consumer Electronics to Hold Significant Market Share

  • A significant advantage of the higher switching frequency capability is that the value, and hence the corresponding size, of capacitors and inductors needs to be considerably smaller. Together with the smaller footprint GaN device requirements, smaller passive components result in a significantly smaller overall size of a converter or drive.Low conduction (Rds-on) losses result in less heat dissipation, requiring thermal management. This makes the solution more energy-efficient and reduces the overall system size further.
  • Across end-user industries, the consumer electronics segment is witnessing a significant demand for GaN semiconductor devices due to the increasing demand for smartphones, gaming devices, laptops, and TVs. According to the Consumer Technology Association's one-year industry forecast, the retail revenues for the U.S. consumer technology industry will grow by 2.8% in 2024 to $512 billion, which is $14 billion more from 2023. This signals an uptick in consumer spending on technology products and services.
  • According to MeitY (India), in the financial year 2021, the estimated overall production value of the electronics industry was over INR 5.5 trillion (USD 66.45 billion). Mobile phone production was the most valuable sector, with an estimated production value of INR 2.2 trillion (USD 26.58 billion). Other sectors that ranked highly in value were electronic components, consumer electronics, and industrial electronics.
  • GaN is a new production semiconductor expected to replace silicon in many applications in the coming years, and battery charging is the first high-volume market to demonstrate such adoption. GaN (gallium nitride) has superior performance compared to silicon at very high voltages, temperatures, and switching frequencies, thus allowing a significantly higher energy efficiency. With many chargers and GaN adapters ranging from 27W to 300W in mass production, powering everything from mobile phones to drones, the mobile charger market is set to change dramatically.
  • Moreover, technological advancements, such as 5G standards, are driving the demand for high-power transistors and base stations, augmenting the demand for GaN power semiconductors in the consumer electronics segment. Many vendors work together and form partnerships with industries that use their products, like consumer electronics, to grow their market share.
GaN Semiconductor Devices Market: Production Value of Electronics in India, By Type, 2021

North America to Witness Significant Growth

  • Recently, the North American region has been the primary adopter of the semiconductor industry's new design, manufacturing, and research technologies. The growth of the RF GaN market in North America strongly correlates with the development of end-user industries such as telecom, aerospace and defense, consumer electronics, and others.
  • Also, according to the Semiconductor Industry Association, since the CHIPS Act was introduced, 67 new projects and expansions of existing US facilities were announced in the US in research and development, intellectual property, chip design, semiconductor fabrication and manufacturing equipment, supplies, and materials totaling well over $200 billion in private investments. These initiatives will contribute to strengthening the domestic semiconductor ecosystem in the US. 
  • The United States has also pioneered advanced technology for military applications. Also, the country has the highest military spending globally, which is significantly higher than the next five countries combined, making it a lucrative end-user industry for the RF GaN market.
  • In the United States, most demand for chips includes large PCs, information and communications infrastructure (including data centers and network equipment), application markets, industrial equipment, and smartphones. TSMC's customers include prominent smartphone manufacturers from the United States, such as Apple.
  • In Feb 2024, the U.S. government announced its plan to spend $11 billion on semiconductor-related research and development and launch the $5 billion National Semiconductor Technology Center.
  • Also, in August 2022, the US Congress approved the landmark Chips and Science Act. This law provides that $52.7 billion, including $39 billion in subsidies for semiconductor production and $11 billion research and development. It also creates a 25% investment tax credit for building chip plants, estimated to be worth $24 billion.
GaN Semiconductor Devices Market - Growth Rate by Region

Gallium Nitride (GaN) Semiconductor Devices Industry Overview

The GaN Semiconductor Devices Market is inherently competitive.Some of the significant players in the market are Toshiba Electronic Devices & Storage Corporation, GaN Systems, Infineon Technologies AG, Efficient Power Conversion Corporation, NXP Semiconductors, and many more. The companies are increasing their market share by forming multiple partnerships and investing in introducing new products to earn a competitive edge during the forecast period.

In July 2022, GaN Systems partnered with PowerSphyr Advance to deliver comprehensive wireless power solutions. The companies announced their partnership to provide an industry-first portfolio of end-to-end wireless power solutions (30 watts, 100 watts, and 500 watts) for industrial and automotive applications globally. The partnership combines GaN Systems' industry-leading GaN semiconductors with PowerSphyr's years of power technology expertise. For instance, PowerSphyr is implementing GaN systems' power semiconductors on the receiver of the wireless charging solution in addition to the transmitter. The combination is a game-changer in delivering high-performance, easy-to-use, and completely wireless charging solutions.

In July 2022, Infineon Technologies AG collaborated with Delta Electronics on WBG-based server and gaming PC power solutions to deliver superior solutions for end customers. The latest instances of the cooperation include Delta's 1.6 kW Titanium gaming power platform and a 1.4 kW server power supply. The 1.4 kilowatt server power supply leverages Infineon Technology's CoolSiC MOSFET Technology and Delta's multi-decade core power electronics competence to achieve 96% efficiency. Another instance of the highest efficiency is the 1.6 kW gaming power platform powered by Infineon's CoolGaN technology, complemented with EiceDRIVER gate driver ICs. This design has an efficiency of up to 96% at wide-range input and multiple outputs, and it meets the Titanium standard in the industrial domain. This 600-volt e-mode HEMT, adapted in an interleaving totem-pole PFC topology, is made possible by Infineon's CoolGaN GIT.

Gallium Nitride (GaN) Semiconductor Devices Market Leaders

  1. GaN Systems

  2. Infineon Technologies AG

  3. Efficient Power Conversion Corporation

  4. Toshiba Electronic Devices & Storage Corporation

  5. NXP Semiconductors

*Disclaimer: Major Players sorted in no particular order

GaN Semiconductor Devices Market Concentration
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Gallium Nitride (GaN) Semiconductor Devices Market News

  • Jan 2024: Silvaco Group, Inc., a leading provider of TCAD, EDA software, and design IP, partnered with GaN Valley to drive advancements in efficient gallium nitride (GaN) power device design. By leveraging its Victory TCAD platform, Silvaco aims to empower customers to innovate and optimize performance in GaN-based semiconductor power devices. The Victory TCAD platform offers a comprehensive simulation environment, incorporating diverse numerical methods, physical models, SPICE model generation, and a user-friendly graphical interface, tailored specifically for the latest generation of GaN-based power devices.
  • July 2023: STMicroelectronics began large-scale manufacturing of e-mode PowerGaN HEMT (high-electron-mobility transistor) devices, streamlining the development of high-efficiency power-conversion systems. The STPOWER GaN transistors enhance performance across various applications, including wall adapters, chargers, lighting systems, industrial power supplies, renewable energy, and automotive electrification.

Gallium Nitride (GaN) Semiconductor Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the GaN Semiconductor Devices Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Strong Demand from Telecom Infrastructure Segment Driven by Advancements in 5G Implementation

      2. 5.1.2 Favorable Attributes Such As High-performance and Small Form Factor to Drive Adoption in the Military Segment

    2. 5.2 Market Challenges

      1. 5.2.1 Cost & Operational Challenges

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Power Semiconductors

      2. 6.1.2 Opto-Semiconductors

      3. 6.1.3 RF Semiconductors

    2. 6.2 By Devices

      1. 6.2.1 Transistors

      2. 6.2.2 Diodes

      3. 6.2.3 Rectifiers

      4. 6.2.4 Power ICs

    3. 6.3 By End-user Industry

      1. 6.3.1 Automotive

      2. 6.3.2 Consumer Electronics

      3. 6.3.3 Aerospace and Defense

      4. 6.3.4 Medical

      5. 6.3.5 Information Communication and Technology

      6. 6.3.6 Other End-user Industries

    4. 6.4 By Geography

      1. 6.4.1 North America

        1. 6.4.1.1 United States

        2. 6.4.1.2 Canada

      2. 6.4.2 Europe

        1. 6.4.2.1 United Kingdom

        2. 6.4.2.2 Germany

        3. 6.4.2.3 France

        4. 6.4.2.4 Rest of Europe

      3. 6.4.3 Asia Pacific

        1. 6.4.3.1 China

        2. 6.4.3.2 Japan

        3. 6.4.3.3 India

        4. 6.4.3.4 South Korea

        5. 6.4.3.5 Rest of Asia-Pacific

      4. 6.4.4 Latin America

      5. 6.4.5 Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Toshiba Electronic Devices & Storage Corporation

      2. 7.1.2 GaN Systems

      3. 7.1.3 Infineon Technologies AG

      4. 7.1.4 Efficient Power Conversion Corporation

      5. 7.1.5 NXP Semiconductors

      6. 7.1.6 Texas Instruments Incorporated

      7. 7.1.7 Wolfspeed, Inc.

      8. 7.1.8 NexGen Power Systems

      9. 7.1.9 Microchip Technology Inc.

      10. 7.1.10 Soitec

      11. 7.1.11 Qorvo, Inc.

      12. 7.1.12 NTT Advanced Technology Corporation

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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Gallium Nitride (GaN) Semiconductor Devices Industry Segmentation

GaN is an emerging technology compared to silicon MOSFETs. The various devices considered in the market studied are transistors, rectifiers, and diodes. The GaN semiconductor devices considered are Power Semiconductors, Opto-Semiconductors, and RF Semiconductors.

The GaN Semiconductor Devices Market is segmented by Type (Power Semiconductors, Opto-Semiconductors, RF Semiconductors), by Devices (Transistors, Diodes, Rectifiers, Power IC's), by End-user Industry (Automotive, Consumer Electronics, Aerospace and Defense, Medical, Information Communication and Technology), and by Geography. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type
Power Semiconductors
Opto-Semiconductors
RF Semiconductors
By Devices
Transistors
Diodes
Rectifiers
Power ICs
By End-user Industry
Automotive
Consumer Electronics
Aerospace and Defense
Medical
Information Communication and Technology
Other End-user Industries
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Middle East and Africa
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Gallium Nitride (GaN) Semiconductor Devices Market Research FAQs

The GaN Semiconductor Devices Market size is expected to reach USD 21.18 billion in 2024 and grow at a CAGR of 6.06% to reach USD 28.42 billion by 2029.

In 2024, the GaN Semiconductor Devices Market size is expected to reach USD 21.18 billion.

GaN Systems, Infineon Technologies AG, Efficient Power Conversion Corporation, Toshiba Electronic Devices & Storage Corporation and NXP Semiconductors are the major companies operating in the GaN Semiconductor Devices Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in GaN Semiconductor Devices Market.

In 2023, the GaN Semiconductor Devices Market size was estimated at USD 19.90 billion. The report covers the GaN Semiconductor Devices Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the GaN Semiconductor Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

GaN Semiconductor Devices Industry Report

Statistics for the 2024 GaN Semiconductor Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GaN Semiconductor Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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GaN Semiconductor Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)