The
GaN industrial devices market is fueled by the growing number of
application areas for GaN-based devices, introduction of advanced
technology, increasing demand for enhanced battlefield performance
from the defense industry, and large-scale production. A report by
Transparency Market Research indicates that driven by these factors,
the global market for GaN industrial devices is projected to rise
from a value of over US$0.4 bn in 2014 to US$1.3 bn in 2021 at a
15.10% CAGR. The report is titled “GaN Industrial Devices Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2021” and also states that by volume, the GaN industrial
devices market is anticipated to register a 17.50% CAGR from 2015 to
2021.
On
the basis of type, the GaN
industrial devices market is bifurcated into power devices and
opto electronics. The latter was the dominant product segment in 2014
and made up 78.0% of the GaN industrial devices market.The
sub-segment of high electron mobility transistors (HEMTs) is
segmented on the basis of application into wireless phone
infrastructure: base stations (BTS), WiMAX/LTE, V-SAT, CATV, defense,
satellite, and others. In terms of revenue, the segment of wireless
phone infrastructure, BTS held the largest share of 26.0% in 2014 and
is driven by the rising number of base transceiver station
installations.
By
application, the market for GaN industrial devices is categorized
into light-emitting diodes (LED), radiofrequency (RF), and power
device. The LED segment emerged as the leader in the overall market
by both volume and value. In 2014, the LED segment accounted for
82.50% of the market in terms of volume and 68.0% in terms of value.
This category is driven by the wide-scale usage of GaN-based LED
devices in vehicle lamps, traffic signal lamps, and liquid crystal
display among others.
The
global market for GaN industrial devices is segmented on the basis of
geography into North America, Latin America, Asia Pacific, the Middle
East and Africa, and Europe. Driven by increasing demand for LEDs in
laptops, computers, gaming devices, mobile tablets, and televisions,
and high penetration of GaN-based transistors in defense and military
applications, North America dominated the global GaN industrial
devices market. In 2014, the region held 31.10% of the overall
market. Accounting for 28.90% of the global GaN industrial devices
market, Europe emerged as the second largest regional segment.
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Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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