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standard frequencies to high ones, depending on the applications. Gallium nitride semiconductor material
has great power characteristics, as well as high operating frequency. The product is widely used in the
manufacturing of blue light-emitting diodes for Blu-ray disc players and blue laser diodes. The growth of this
sector is expected to have a positive impact on the industry over the next seven years.
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semiconductor-devices-market
Among the several product applications, consumer electronics sector accounted for the largest market share
over the past few years. This was attributed to wide usage of the product in LED-based display and LED-based
lighting. The communication sector was the fastest-growing and second-largest application segment driven
by the high product penetration in RF-based applications, including power electronics switching equipment.
Rising product demand from the industrial sector and solar power and wind energy industry is anticipated to
fuel the growth of the global Gallium Nitride (GaN) semiconductor devices market over the forecast period.
Rising application scope of the product in the aerospace and defense sectors, apart from Electric Vehicles
(EVs), is also expected to offer numerous growth opportunities for the market development over the forecast
period. These devices are much lighter, smaller, efficient, and tougher than silic on semiconductor devices.
They also work as perfect alternatives for their silicon comparable devices, which have hit the maturity stage.
Several additional features offered by GaN-based devices include better stability in some radiation
environments and low sensitivity to ionizing radiation. Gallium nitride devices also have a scope in high -end
power appliances in the military, defense and aerospace sectors, solar cell arrays, and in satellites, which are
expected to fuel Gallium Nitride semiconductor devices market growth over the next few years. The market
also has enormous revenue potential in transportation and automotive sector, mainly in the Hybrid Electric
Vehicles (HEV) and EV segments of the industry.
There are a few major companies present in the global market. However, the number is anticipated to grow
over the forecast period, with numerous start-ups and semiconductor industry giants entering into the field.
Presently, the GaN power semiconductors market accounts for less than 1.0 % of the global power
semiconductors market. However, electronics and power semiconductors companies are anticipated to enter
this new value chain, thus rapidly increasing its percentage share.
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category/semiconductors-and-electronics-industry?
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