GaN Substrate Market : Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 - 2032

 The market for GaN substrate is projected to reach US$ 5.0143 Billion in 2022 and grow at a CAGR of 9.4% to reach US$ 12.3698 Billion by 2032. The persistent undercurrent of green vehicle agendas is blamed for growth.

Owing to a lot of advantages over all the other traditional substrates, GaN Substrate is one of the most emerging substrates in the industry and holds a high growth potential. High electron mobility, low switching losses, and fewer lattice mismatches are some of the key advantages of the GaN Substrate, which are leading to the world wide adoption of GaN Substrate, mainly in the industries such as optoelectronics and power electronics.

Currently, the GaN Substrate holds authority in LEDs possessing a share of nearly 70% of market revenue, while power electronics products are in an evolving stage. Other applications of GaN Substrate also involve inverters (& converters), RF devices, power supply modules and motor drives which are expected to evolve rapidly in the market.

Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-4903

GaN Substrate is a semiconductor material, whose advantages are evident in comparison to the other conventional semiconductor materials such as Silicon, Silicon Carbide, Aluminium, Sapphire, and others. The GaN material is a thin film which is grown on other materials like Sapphire, Silicon, and Silicon Carbide. Out of which, the GaN on sapphire currently holds for most of the share, but SiC is expected to evolve at the fastest rate among others, in the LEDs and Power electronics segment.

Global Market of GaN substrate: Drivers and Restraint 

Wider band gap, high break-down voltage, larger critical electric field, and higher thermal conductivity are some of the key factors leading to a rapid shift of industry manufacturers from silicon technology to GaN substrate. As these properties let the GaN Substrate material to operate at much higher voltages, work at high switching frequencies, and increase their ability to handle higher power density, thereby offering enhanced power efficiency, which are the key requirements of power amplifiers and applications pertaining to optoelectronics, they are the captivating interest in the R&D fields of these industries.

GaN Substrate also exceed the limit of their counterpart Si devices in applications like Schottky diodes, FETs, HEMTs and the other advanced transistors and let them operate efficiently at much higher voltage levels. These are the key factors which result in gaining attraction for GaN Substrate in the market, with the LED applications being the key drivers holding a share of nearly 70% of revenue in the market for the bulk gallium nitride (GaN) market.

As these devices help in reducing the conduction and switching losses and offer higher efficiency in electronic systems, gradually they are entering a new segment of applications, namely power amplifiers. These applications of GaN Substrate are in an evolving stage but are anticipated to show substantial growth in the upcoming years.

GaN Substrate Market Segmentation on basis of regions 

The GaN substrate market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.

Asia-Pacific region accounts for the maximum share in GaN Substrate Market, with Japan, China and Korea being the major contributors in the terms of production and consumption both. Major factors like less labour and production costs in these countries act as catalyst in helping manufacturers to set up production facilities. Besides that, the dominancy of GaN Substratesuppliers strongly distributed in the region aids in flourishing market.

Owing to increasing demand in UK and Germany, the European GaN Substrate  market follows Asia-pacific and  witnessed a moderate growth while north America, an early adopter of the technology follows Asia-pacific in the market share exhibiting significant growth, trend expected to continue over the forecast period.

Global Market of GaN substrate: Key Players 

Cree Inc., Kyocera Corp., MonoCrystal, Sumco Corp. Sumitomo Electric Industries, 10+ are some of the key players in the GaN substrate market.

Other emerging players in GaN Substrate Market include: Saint Gobain Ltd., Mitsubishi Chemical Corporation, Texas Instruments Incorporated, GaN Systems Inc., and MTI Corporation.

Get More Information on this Report @
https://www.futuremarketinsights.com/reports/gan-substrate-market

The report covers exhaustive analysis on 

• Global GaN substrate Market Segments
• Global GaN substrate Market Dynamics
• Supply & Demand Value Chain
• Global GaN substrate Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Global GaN substrate Market Drivers and Restraints

Key Segments Profiled In The Gan Substrate Industry Survey

GaN Substrate Market by Size:

• 2-inch GaN Substrate
• 4-inch GaN Substrate
• 6-inch GaN Substrate
• Higher than 6 Inches GaN Substrate

GaN Substrate Market by Type:

• GaN Substrate on Sapphire
• GaN Substrate on Si
• GaN Substrate on SiC
• GaN Substrate on GaN

GaN Substrate Market by Substrate Production Process Type:

• Hydride Vapor Phase Epitaxy-based (HVPE) GaN Substrate
• Ammonothermal Growth-based GaN Substrate
• Metal-Organic Chemical Vapor Deposition (MOCVD)-based GaN Substrate

GaN Substrate Market by End User:

• GaN Substrate for Healthcare
• GaN Substrate for Automotive
• GaN Substrate for Military and Communication
• GaN Substrate for General Lighting
• GaN Substrate for Consumer Electronics
• GaN Substrate for Power Generation
• GaN Substrate for Telecom

GaN Substrate Market by Region:

• North America GaN Substrate Market
• Latin America GaN Substrate Market
• Europe GaN Substrate Market
• Asia Pacific GaN Substrate Market
• Middle East & Africa GaN Substrate Market