Gallium Nitride (GaN) Substrates Market Driving and Challenging Factors By 2030 |

In a recent research report by Market Research Community, the Global Gallium Nitride (GaN) Substrates Market is expected to surpass USD 9,833.86 Million by the year 2030, from USD 3,925.85 Million in 2021.

Gallium Nitride (GaN) substrates are a type of material used in the manufacturing of electronic components such as light-emitting diodes (LEDs), radio-frequency amplifiers, and power transistors. GaN substrates have several advantages over other materials such as high electron mobility, high thermal conductivity, and high breakdown voltage, which make them ideal for use in high-power and high-frequency electronic applications. These features of GaN substrates are some of the key determinants increasing their usage in various end-user industries such as automotive, consumer electronics, aerospace, IT & telecommunication, and among others.

The Gallium Nitride (GaN) Substrates Market Outlook is positive and is expected to continue growing in the coming years. The increasing demand for GaN-based electronic devices in various applications such as aerospace and defense, automotive, consumer electronics, and healthcare is one of the major factors driving the growth of the market.

The market is expected to experience significant growth during the forecast period, with a CAGR of 11.6% from 2022 to 2030. This high growth rate can be attributed to the increasing demand for GaN-based electronic devices in various applications such as aerospace and defense, automotive, consumer electronics, and healthcare.

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Market Segmentation:

By type

GaN on Sapphire

GaN on Si

GaN on GaN

GaN on Diamond

Others

By size

2 Inch

4 Inch

6 Inch

8 Inch

By application

Transistors

Lasers

LEDs

RF Devices

Others

By end-user

Automotive

Aerospace and Defense

IT and Telecommunication

Consumer Electronics

Healthcare

Others

the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Saint-Gobain, Sumitomo Chemical Co., Ltd., SOITEC, Mitsubishi Chemical Corporation, NGK Insulators Ltd, Xiamen Powerway Advanced Material Co., Limited, Suzhou Nanowin Science and Technology Co., Ltd, SixPoint Materials, Inc., Sino Nitride Semiconductor Co., Cree Inc. (Woolfspeed Inc.), and Jiaozuo Commercial Finewin Co., Ltd.

The Gallium nitride (GaN) substrates Market Overview is expected significantly over the next few years in market growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.

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