by Gallium nitride (GaN) is an ideal semiconductor for high-power applications due to its material properties. GaN semiconductors are used in wireless charging modules to efficiently transfer power between devices within short ranges. Wireless charging offers convenience to users by eliminating the need for wires or cables for powering devices.
The global GaN Semiconductor Market is estimated to be valued at US$ 3.36 Bn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of GaN in wireless charging modules is expected to drive the GaN semiconductor market during the forecast period. GaN semiconductors enable fast and efficient wireless power transfer between devices. They allow charging speeds of over 15W which reduces charging time significantly. As more smart devices and electric vehicles integrate wireless charging capabilities, the demand for GaN semiconductors from wireless charging module manufacturers is likely to increase substantially. This growing use of GaN for wireless charging applications will be a major trend in the GaN semiconductor market between 2023 and 2030.
SWOT Analysis
Strength: GaN semiconductors offer higher efficiency and better thermal conductivity compared to silicon and gallium arsenide semiconductors. They can operate at higher voltages, temperatures, and frequencies.
Weakness: High manufacturing costs associated with GaN production. Lack of standardized design processes poses a challenge.
Opportunity: Growing demand for fast and efficient charging solutions is driving the adoption of GaN semiconductors in consumer electronics and electric vehicles. The expansion of 5G networks will also boost the market.
Threats: Stiff competition from established silicon semiconductor manufacturers. Dependence on limited GaN substrate suppliers.
Key Takeaways
The Global Gan Semiconductor Market Size is expected to witness high growth over the forecast period driven by increasing demand for fast charging devices.
Regional analysis: The Asia Pacific region dominates the global GaN semiconductor market and is expected to continue its dominance owing to massive consumer electronics production in countries like China and presence of leading GaN suppliers.
Key players operating in the GaN semiconductor market are Immersion, Texas Instruments Incorporated, Precision Microdrives Limited, Johnson Electric Holdings Limited, AAC Technologies, Analog Devices, Inc., ALPS ALPINE CO., LTD., Microchip Technology Inc., Cypress Semiconductor Corporation, Methode Electronics, NIDEC COPAL ELECTRONICS, SMK ELECTRONICS CORPORATION U.S.A, Visteon Corporation, Semiconductor Components Industries, LLC, Synaptics Incorporated, Apple Inc., and SAMSUNG. GaN semiconductors are also being increasingly used in wireless charging applications. GaN chips offer 30-50% greater energy efficiency compared to silicon chips. This makes GaN an attractive material for fast wireless charging solutions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
