Energy and Cost Efficiency Offered by Gan to Boost Global Gan Semiconductor Devices Market

According to a new research publication by Transparency Market Research, the global GaN semiconductor devices market that was valued at US$379.82 million in 2012, is estimated to reach US$2,203.73 million by the end of 2019, registering growth at a remarkable CAGR of 24.6% during the forecast period of 2013 to 2019.

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The report, titled “GaN Semiconductor Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, states that North America emerged as the largest market for GaN semiconductor devices in 2012, accounting for 32.1% of the overall market share. However, Asia Pacific is projected to register the maximum growth rate of 27.7% during the forecast period. The increase in demand for GaN semiconductor devices in the Asia Pacific region will be fuelled by rapid industrialization in the electronics segment.

Gallium Nitride (GaN) is a hard semiconductor material used in the manufacture of semiconductor devices. GaN has dynamic electrical and chemical properties such as high voltage breakdown and saturation velocity that makes it a perfect choice for application across a wide range of switching devices. GaN has been growing more in popularity in recent times compared to its contemporaries such as silicon and gallium arsenide because it offers competitive advantages such as reduction in the cost of devices and elimination of cooling requirements. An overall increase in demand for energy-efficient semiconductor devices has been noted in recent years. This, coupled with increased application areas especially in the field of computers, consumer electronics, industrial sector, ICT, and automotive sector, has bolstered the growth of the global GaN semiconductor devices market.

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