GAN SEMICONDUCTOR MARKET ANALYSIS

Regional Analysis

GaN Semiconductor Market: Regional Insights:

North American government is encouraging the usage of energy-efficient devices and giving contracts to enhance GaN semiconductor to various companies operating in the region. For instance, in March 2015, the U.S. government awarded Raytheon Integrated Defense Systems a contract of US$ 50.9 million to increase GaN semiconductor manufacturing. The Information & Communication Technology sector in the region has been increasingly embracing GaN semiconductors in radio frequency devices.

Asia Pacific is expected to come out as the fastest-growing market, owing to rapid technological development that are leading to the rise in demand for efficient and high-performance radio frequency (RF) components. Countries such as China and Japan are the market leaders in manufacturing of consumer electronics, such as LED (light emitting display) devices, smartphones, and gaming devices. This acts as an important factor in promoting the growth in the regional market. Moreover, increasing defense budgets in countries such as China, India and North Korea have resulted in the increase in demand for powerful communication especially in 5G. As GaN semiconductor devices are replacing laterally- diffused metal oxide semiconductor (LDMOS) devices in the market, especially in 5G telecommunications, radar, and avionics this shift is expected to create more demand for GaN semiconductors.