Growing adoption of GaN material based devices in automotive and consumer electronics applications, rising demand for GaN radio frequency devices in military application, and an increase in demand for GaN material to develop innovative products are some factors that are driving the gallium nitride (GaN) devices market growth during the forecast period. The growth of the Gallium Nitride (GaN) Devices Market is expected to be negatively impacted by the COVID-19 pandemic. The declining market growth is primarily attributable to the travel restrictions imposed by governments worldwide to contain the spread of the virus. Apart from this, unprecedented economic downturn triggered by the coronavirus has forced countries, especially developing nations, to prioritize their spending, which in turn is likely to impede upcoming investments in this sector. Together, these factors will create unfavourable conditions for this market in the short-term.
The global Gallium Nitride (GaN) Devices Market is expected to hold significant share in terms of revenue as it has impacted several adjuvant industries over the past decades. Strong economic growth especially in emerging countries is holding sway in the market. In addition to this, rapid lifestyle transformation and rising preference towards healthy food has emerged as a boon to Gallium Nitride (GaN) Devices Market. Now-a-days consumers are more concerned about the quality and ingredients of food consumed. Fortune Business Insights offers a detailed overview of the global market in a report, titled “Gallium Nitride (GaN) Devices Market Size, Share & Industry Analysis, By Device Type (Power Semiconductor Device, Opto-Semiconductor Device, Radio Frequency Device ), By Component (Transistor, Diode, Integrated Circuit), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, 6-Inch Wafer, 8-Inch Wafer), By End-use Industry (Information & Communication Technology, Automotive, Renewables Energy) and Regional Forecast, 2020-2027″.
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The competitive landscape of the Gallium Nitride (GaN) Devices Market has been discussed in detail. The report highlights leading companies, their performance over the past few years, and their key strategies. The Gallium Nitride (GaN) Devices Market report provides a comprehensive evaluation of several factors that have contributed to the growth of the market in recent years. In addition to the growth stimulators, the report also discusses the challenges facing the market. Furthermore, the report provides forecast values for the market for the period of 2020-2027. Additionally, it identifies areas that have witnessed the highest demand and applications for the product in recent years. Besides this, some of the leading products, major companies, and major recent industry developments have been highlighted in this report.
Striking Technological Advancements to Open Multiple Growth Avenues
The increasing adoption of Military Helmet for applications across diverse industries will aid the growth of the market in the upcoming years. Recent advances in structure and design have opened up a massive potential for rapid product adoption. The advances in engineering, in terms of product design and structure, will not only benefit the companies but will have a direct impact on the Gallium Nitride (GaN) Devices Market growth in the coming years. Moreover, rising investment in the research and development in different technologies will further favour the activities of the companies operating in this market.
Some of the players operating in the Global Gallium Nitride (GaN) Devices Market:
- Cree, Inc.
- GaN Systems, Inc.
- Efficient Power Conversion Corporation, Inc.
- Toshiba Corporation
- Fujitsu Ltd.
- NXP Semiconductor N.V.
- Texas Instruments Incorporated
- STMicroelectronics N.V.
- NexGen Power Systems, Inc.
- Infineon Technologies AG
- Qorvo, Inc.
- Nichia Corporation
- Renesas Electronics Corporation
- Transphorm Inc.
The report provides an in-depth analysis of the global Gallium Nitride (GaN) Devices Market. It highlights the latest products and innovations in the market and discusses its impact on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.
Forecast values have been provided for the market for the period of 2020-2027. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.
Asia-Pacific is expected to be the fastest-growing region in the gallium nitride (GaN) devices market during the estimated period and this growth is attributed to the rise in the defense expenditure by countries such as China, Japan, and India. Also, the growing consumer electronics and automotive industries with growing economies are boosting the demand for GaN devices. Additionally, the presence of various GaN devices manufacturers in the region such as Nichia Corporation and Renesas Electronics Corporation, among others, are driving the market growth during 2020-2027.
Regional Analysis for Gallium Nitride (GaN) Devices Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Gallium Nitride (GaN) Devices Market:
- Executive Summary
- Market Dynamics
- Key Gallium Nitride (GaN) Devices Market Insights
- Global Market Analysis, Insights and Forecast, 2020-2027
- North America Market Analysis, Insights and Forecast, 2020-2027
- Europe Market Analysis, Insights and Forecast, 2020-2027
- Asia Pacific Market Analysis, Insights and Forecast, 2020-2027
- The Middle East and Africa Market Analysis, Insights and Forecast, 2020-2027
- Latin America Market Analysis, Insights and Forecast, 2020-2027
- Competitive Landscape
- Global Gallium Nitride (GaN) Devices Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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