GLOBAL GAN POWER DEVICE MARKET FORECAST 2019-2027

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GLOBAL GAN POWER DEVICE MARKET FORECAST 2019-2027

The global gan power devices market was valued at $514.89 million in 2018 & is estimated to generate net revenue of approximately $2166.70 million by 2027, growing at a CAGR of 16.79%. For the market study of GaN power devices, the base year considered is 2018. The forecast period is between 2019 & 2027. Several factors that are responsible for market advancement include:

GLOBAL GAN POWER DEVICES MARKET FORECAST 2019-2027

Global Gan Power Devices Market by Device Type (Gan Power Discrete Devices, Gan Power Ics, Gan Power Module) by Verticals (Consumer Electronics, It & Telecommunication, Automotive, Aerospace & Defence, Other Verticals) by Geography.

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The global GaN power devices market refers to the gallium nitride based power devices. The GaN offers high-temperature operations (~ 200° Celsius), high breakdown voltage, low on-state resistance & switching the range of nanoseconds for high switching operations in power systems. Further, volume & weight of the passive electronic devices such as transistors is also reduced, which helps in achieving greater packing efficiency. These benefits provide gallium nitride with an edge over the traditional silicon-based power devices.

The global gan power devices market was valued at $514.89 million in 2018 & is estimated to generate net revenue of approximately $2166.70 million by 2027, growing at a CAGR of 16.79%. For the market study of GaN power devices, the base year considered is 2018. The forecast period is between 2019 & 2027. Several factors that are responsible for market advancement include:

  • Substantial research & development to explore gallium nitride to its full potential
  • Superior characteristics provide GaN with an edge over the traditional silicon-based power devices
  • Growing adoption of electric vehicles (EV’s)
  • The upsurge in demand for wireless charging
  • Escalating demand of GaN power devices considering the development of 4G & 5G infrastructure
  • Fall in prices of GaN power devices

Gan Power Device Market

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The global GaN power device market is primarily driven by growing demand for GaN in the commercial radiofrequency application, high adoption of GaN in electric vehicles, & reduction in prices of GaN devices. The escalating demand for GaN power devices in wireless charging is also proving to be a major driving factor contributing to the growth of the global GaN power device market. Wireless charging is highly adopted in smartphones & electric vehicles.

Moreover, various initiatives are being undertaken across the globe regarding the upsurge of wireless charging. For instance, in June 2017, Dialog Semiconductor invested a sum of $XX million to a wireless charging technology firm “Energous”. The trend of wireless charging is paving the way for GaN power devices.

In 2018, IT & telecommunication sector dominated the GaN power devices market by verticals. In IT & telecommunication industry, the GaN power devices have various applications such as power supply for telecom, AC fast charger – Lidar – ET – & wireless power & data centres. GaN power devices can be implemented in the power converters of data centres that run on high voltage DC (HVDC) power distribution architecture, to assess the potential efficiency improvement. The high energy efficiency achieved through the use of GaN power devices acts as the major driver for high adoption of GaN power devices. Moreover, there has been substantial research & development conducted across geographies resulting in technological advancement in the GaN power devices to explore gallium nitride to its full potential. For instance, Massachusetts Institute of Technology’s (MIT) spinout company, Cambridge Electronics Inc. (CEI), has developed an array of GaN transistors & power electronic circuits that aim at reducing 10 to 20% of the global energy consumption in data centres, consumer devices & electric cars by 2026.

However, the global GaN power device market growth is restricted by stiff competition from silicon carbide power devices & reduction in their prices of silicon-based power devices. Moreover, complexity in manufacturing GaN semiconductor devices, lack of GaN semiconductor professionals, low availability of GaN & the inclination of manufacturers towards silicon-based power devices are also some other major challenges faced by this market.

The global GaN power devices market has been segmented on the basis of its device type & by verticals:

Market by Device Type:

  • GaN power Discrete Devices
  • GaN power IC’S
  • GaN power Module

Market by Verticals:

  • Consumer electronics
  • It & telecommunication
  • Automotive
  • Aerospace & Defence
  • Other verticals

The report scope is widely categorized on the basis of the device, which includes GaN power discrete devices, GaN power ICs & GaN power module. Moreover, the market revenue estimates & forecast includes revenue from the use of GaN power devices only & does not include revenues generated from the sales of GaN substrate.

On the basis of geography, the global GaN power devices market has been segmented into four major geographies:

  • North America: the United States & Canada.
  • Japan
  • Europe: United Kingdom, France, Germany, & Rest of Europe.
  • Asia Pacific (except Japan): China, South Korea, Taiwan & Rest of Asia Pacific.

The United States dominated the GaN power devices market since the first GaN-on-Silicon High-electron-mobility transistor (HEMT) was introduced in 2010 by International Rectifier. However, the Japanese GaN power devices market is expected to ramp up in the years 2017 & 2018. Further, it is anticipated that after 2018, South Korea & Taiwan’s market will capture a significant revenue share by 2020.

The North America GaN power device market is primarily driven by government initiatives for the production of GaN power devices. For instance, according to the department of energy, the US launched a Power America program, which set a goal that by 2030, XX% of all the U.S. electricity will flow through power electronics. To achieve this goal, Power America will work to make wide bandgap semiconductors such as GaN. Also, the North America region has the presence of a majority of the key players such as Efficient Power Conversion (U.S.), GaN Systems (Canada), Texas Instruments (U.S.), Cree Inc. (U.S.) & others. Thus, there are significant investments in the North American GaN market that supplements its dominance. Asia Pacific (including Japan) is the fastest growing regional market for GaN power devices. South Korea, Taiwan, China & Japan are the lucrative investment destinations in the Asia Pacific GaN power device market. The Asia Pacific market is primarily driven by the surge in the electric vehicles production, as we expect that gallium nitride based inverters would soon replace silicon power semiconductor devices that are used in electric vehicles. Additionally, the Asia Pacific GaN power market is also supported by the presence of major key players. These include Taiwan Semiconductor Manufacturing Company (Taiwan), Panasonic Corporation (Japan), Fujitsu (Japan), Toshiba Corporation (Japan), Mitsubishi Chemical Corporation (Japan) & others.

The global GaN power device market has been segmented on the basis of device type & vertical. The device type segment is further sub-segmented into GaN power discrete devices, GaN power ICs & GaN power module. Moreover, the GaN power devices find application in consumer electronics, IT & telecommunication, automotive, aerospace & defence, & other industry verticals.

The global GaN power devices market is competitive. There are some players present in the market. Some of these major players include:

  • Efficient Power Conversion Corporation
  • On Semiconductor Corporation
  • Infineon Technologies AG
  • GaN Systems Inc.
  • Panasonic Corporation
  • Other companies

All these companies try to satisfy new customers & fulfil their fast shifting requirements. These companies also aim at acquiring start-ups & entering into partnership agreements to gain a competitive advantage. For instance, in October 2018, Cree, Inc. signed a long-term strategic agreement to produce & supply its Wolfspeed silicon carbide wafers to one of the world’s leading power device companies. In October 2018, Texas Instruments announced a new portfolio of ready-to-use, 600-V gallium nitride (GaN), 50-mΩ & 70-mΩ power stages to support applications up to 10 kW. Similarly, in September 2018, Teledyne e2v HiRel Electronics, a business unit of the Teledyne Defense Electronics Group, introduced a 650V GaN FET device that dedicates to the demanding HiRel applications. In July 2018, Efficient Power Conversion announced its product, the EPC2051, a 100V GaN transistor with a maximum RDS (on) of 25 mΩ & a 37 A pulsed output current for high-efficiency power conversion in a tiny 1.1mm2 footprint.

Key findings of the global GaN power devices market:

  • North America is the leader of the overall GaN power devices market.
  • With rising electric vehicle market & high funding for the start-ups manufacturing GaN-based power devices, the automotive-based GaN power devices are expected to grow substantially over the forecast period.
  • The Asia Pacific is anticipated to be the fastest growing regional market. It is primarily driven by funding for the development of GaN-based power devices.
  • High investments in smart grid infrastructure are expected to drive the market for the GaN power modules. According to the India Smart Grid Forum, the total investments done globally till 2016 reached $XX billion & are expected to further increase over the forecast period due to the growing electricity demand.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY & FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA ACCOUNTS FOR LARGEST REVENUE SHARE
      • ASIA PACIFIC IS FASTEST GROWING REGIONAL MARKET
      • IT & TELECOMMUNICATION LEADS THE APPLICATION SEGMENT
      • AUTOMOTIVE-KEY INDUSTRIAL VERTICAL
      • GAN POWER MODULES IN TYPE SEGMENT TO OFFER IMMENSE OPPORTUNITIES
  1. MARKET DYNAMICS
    • PARENT MARKET: GALLIUM NITRIDE SEMICONDUCTOR DEVICE MARKET
    • ETYMOLOGY OF GAN POWER DEVICES
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • SUBSTANTIAL RESEARCH & DEVELOPMENT TO EXPLORE GALLIUM NITRIDE TO ITS FULL POTENTIAL
      • SUPERIOR CHARACTERISTICS PROVIDE GAN WITH AN EDGE OVER THE TRADITIONAL SILICON BASED POWER DEVICES
      • GROWING ADOPTION OF ELECTRIC VEHICLES (EV’S)
      • UPSURGE IN THE DEMAND FOR WIRELESS CHARGING
      • ESCALATING DEMAND OF GAN POWER DEVICES CONSIDERING THE DEVELOPMENT OF 4G & 5G INFRASTRUCTURE
      • FALL IN PRICES OF GAN POWER DEVICES
    • MARKET RESTRAINTS
      • LOW AVAILABILITY OF GAN
      • INTENSE MARKET COMPETITION FROM SIC POWER DEVICES
      • INCLINATION OF MANUFACTURERS TOWARDS SILICON BASED POWER DEVICES
    • MARKET OPPORTUNITIES
      • GROWING GOVERNMENT INITIATIVES IN SMART GRIDS & HIGH VOLTAGE DIRECT CURRENT (HVDC) DISTRIBUTION
      • WIDENING APPLICATIONS IN CONSUMER ELECTRONICS
    • MARKET CHALLENGES
      • COMPLEXITY IN MANUFACTURING GAN DEVICES
      • LACK OF GAN SEMICONDUCTOR PROFESSIONALS
  1. MARKET BY DEVICE TYPE
    • GAN POWER DISCRETE DEVICES
    • GAN POWER ICS
    • GAN POWER MODULE
  2. MARKET BY VERTICALS
    • CONSUMER ELECTRONICS
    • IT & TELECOMMUNICATION
    • AUTOMOTIVE
    • AEROSPACE & DEFENCE
    • OTHER VERTICALS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
    • KEY BUYING CRITERIA
      • PRICE
      • VOLTAGE
      • REPUTATION OF MANUFACTURERS
    • LEGAL, POLICY, REGULATORY FRAMEWORK
    • VALUE CHAIN ANALYSIS
      • RAW MATERIAL SUPPLIERS
      • MANUFACTURERS
      • DISTRIBUTORS
      • END-USERS
    • INVESTMENT ANALYSIS
      • BY REGION
      • BY DEVICE TYPE
      • BY VERTICALS
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • JAPAN
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC EXCEPT FOR JAPAN (APEJ)
      • CHINA
      • SOUTH KOREA
      • TAIWAN
      • REST OF ASIA PACIFIC
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • CORPORATE STRATEGIES
      • PRODUCT LAUNCH
      • MERGER & ACQUISITION
      • PARTNERSHIP & JOINT VENTURES
      • BUSINESS EXPANSION
    • COMPANY PROFILES
      • CREE INC.
      • EFFICIENT POWER CONVERSION CORPORATION
      • FUJITSU (TRANSPHORM)
      • GAN SYSTEMS INC.
      • INFINEON TECHNOLOGIES AG
      • INTERNATIONAL QUANTUM EPITAXY PLC
      • KONINKLIJKE PHILIPS N.V.
      • MITSUBISHI CORPORATION
      • NIPPON TELEGRAPH & TELEPHONE ADVANCE TECHNOLOGY CORPORATION
      • ON SEMICONDUCTOR CORPORATION
      • PANASONIC CORPORATION
      • TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
      • TEXAS INSTRUMENTS
      • TOSHIBA CORPORATION
      • VISIC TECHNOLOGIES LTD.

LIST OF TABLES

TABLE 1: GLOBAL GAN POWER DEVICES MARKET BY GEOGRAPHY 2019-2027 (IN $ MILLION)

TABLE 2: PERFORMANCE COMPARISON OF GAN VERSUS OTHER SEMICONDUCTOR MATERIALS

TABLE 3: GLOBAL GAN POWER DEVICES MARKET BY DEVICE TYPE 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL GAN POWER DEVICES MARKET BY VERTICALS 2019-2027 (IN $ MILLION)

TABLE 5: OPPORTUNITY MATRIX

TABLE 6: VENDOR LANDSCAPE

TABLE 7: LEGAL, POLICY, REGULATORY FRAMEWORK

TABLE 8: GLOBAL GAN POWER DEVICES MARKET BY GEOGRAPHY 2019-2027 (IN $ MILLION)

TABLE 9: NORTH AMERICA GAN POWER DEVICES MARKET BY COUNTRY 2019-2027 (IN $ MILLION)

TABLE 10: EUROPE GAN POWER DEVICES MARKET BY COUNTRY 2019-2027 (IN $ MILLION)

TABLE 11: ASIA PACIFIC EXCEPT JAPAN GAN POWER DEVICES MARKET BY COUNTRY 2019-2027 (IN $ MILLION)

TABLE 12: LIST OF PRODUCT LAUNCH

TABLE 13: LIST OF MERGER & ACQUISITIONS

TABLE 14: LIST OF PARTNERSHIP & JOINT VENTURES

TABLE 15: LIST OF BUSINESS EXPANSION’S

LIST OF FIGURES

FIGURE 1: GLOBAL GAN POWER DEVICES MARKET BY DEVICE TYPE 2019-2027 (IN $ MILLION)

FIGURE 2: NORTH AMERICA GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 3: ASIA PACIFIC GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 4: TIMELINE OF GAN POWER DEVICES

FIGURE 5: WORLDWIDE SALES OF ELECTRIC VEHICLES 2009-2017 (TILL OCTOBER) (IN UNITS)

FIGURE 6: GLOBAL GAN POWER DEVICES MARKET BY DEVICE 2018 & 2027 (IN %)

FIGURE 7: GLOBAL GAN POWER DEVICES MARKET BY GAN POWER DISCRETE DEVICES 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL GAN POWER DEVICES MARKET BY GAN POWER ICS 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL GAN POWER DEVICES MARKET BY GAN POWER MODULE 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL GAN POWER DEVICES MARKET BY INDUSTRIAL VERTICALS 2018 & 2027 (IN %)

FIGURE 11: GLOBAL GAN POWER DEVICES MARKET BY CONSUMER ELECTRONICS 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL GAN POWER DEVICES MARKET BY IT & TELECOMMUNICATION 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL GAN POWER DEVICES MARKET BY AUTOMOTIVE 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL GAN POWER DEVICES MARKET BY AEROSPACE & DEFENCE 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL GAN POWER DEVICES MARKET BY OTHER VERTICALS 2019-2027 (IN $ MILLION)

FIGURE 16: PORTER’S FIVE FORCE ANALYSIS

FIGURE 17: KEY BUYING IMPACT ANALYSIS

FIGURE 18: VALUE CHAIN ANALYSIS

FIGURE 19: INVESTMENT ANALYSIS OF GAN POWER DEVICES MARKET, BY REGION, 2018

FIGURE 20: INVESTMENT ANALYSIS OF GAN POWER DEVICES MARKET BY DEVICE TYPE 2018

FIGURE 21: INVESTMENT ANALYSIS OF GAN POWER DEVICES MARKET BY VERTICALS 2018

FIGURE 22: GLOBAL GAN POWER DEVICES MARKET REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 23: UNITED STATES GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 24: CANADA GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 25: JAPAN GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 26: UNITED KINGDOM GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 27: FRANCE GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 28: GERMANY GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 29: REST OF EUROPE GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 30: CHINA GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 31: SOUTH KOREA GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 32: TAIWAN GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 33: REST OF ASIA PACIFIC GAN POWER DEVICES MARKET 2019-2027 (IN $ MILLION)

FIGURE 34: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2018 (%)

  1. MARKET BY DEVICE TYPE
    • GAN POWER DISCRETE DEVICES
    • GAN POWER ICS
    • GAN POWER MODULE
  2. MARKET BY VERTICALS
    • CONSUMER ELECTRONICS
    • IT & TELECOMMUNICATION
    • AUTOMOTIVE
    • AEROSPACE & DEFENCE
    • OTHER VERTICALS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • JAPAN
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC EXCEPT FOR JAPAN (APEJ)
      • CHINA
      • SOUTH KOREA
      • TAIWAN
      • REST OF ASIA PACIFIC

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