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GaN Substrate Market Share

  • Report ID: GMI11208
  • Published Date: Sep 2024
  • Report Format: PDF

GaN Substrate Market Share

Key market players in the GaN substrate industry are focusing on strategic collaborations, research and development, and expanding their production capacities to strengthen their market position. Companies are increasingly investing in advanced manufacturing technologies to enhance the quality and yield of GaN substrates, addressing the growing demand from high-performance applications such as 5G infrastructure, electric vehicles, and renewable energy systems. Additionally, leading players are forming partnerships with semiconductor manufacturers and technology firms to accelerate the adoption of GaN-based solutions. By diversifying their product portfolios and targeting emerging markets, these companies are positioning themselves to capitalize on the increasing global demand for GaN substrates while also ensuring long-term sustainability and market leadership.
 

GaN Substrate Market Companies

Major players operating in the GaN substrate industry are:

  • Infineon Technologies
  • Wolfspeed
  • NXP Semiconductors
  • Nichia Corporation
  • STMicroelectronics
  • Qorvo
Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for GaN substrate was valued at USD 241.4 million in 2023 and is anticipated to grow at over 10% CAGR between 2024 and 2032, due to cruciality for power electronics due to their superior electrical properties.

The GaN-on-SiC segment in the GaN substrate market is expected to reach a value of over USD 150 million by 2032, owing to its superior thermal conductivity and high-power handling capabilities.

North America market accounted for over 29% share in 2023 and will expand rapidly through 2032, driven by the region's strong focus on advanced technologies in telecommunications, automotive, and defense sectors.

Wolfspeed, NXP Semiconductors, Nichia Corporation, STMicroelectronics, and Qorvo among others.

GaN Substrate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 330
  • Countries covered: 21
  • Pages: 172
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