According to the new market research report by IndustryArc titled “Gallium Nitride (GaN) Substrates Market: By Size (2, 4, 6, 8 Inches); By Type (GaN on Sapphire, GaN on Si, GaN on SiC, GaN on GaN); By Products (Laser, LED, PSD); By End Use Industry (Automotive, Healthcare, Consumer Electronics, General Lighting, Military, Communication, Optical Storage); By Application (Servers & data Centers, LiDAR, Wireless charging applications, Power Supply, UPS) By Geography - Forecast (2018-2023)”, the market is driven by the growth of the LED (Light Emitting Diode) industry. The market value for LED is enhanced and this creates more demand for the substrates. The GaN LEDs are driven by the lighting segment.
Browse 89 Market Tables, 179 Figures spread through 210 slides and an in-depth TOC on “Gallium Nitride (GaN) Substrates Market (2018 - 2023)”
Asia Pacific to have a major share in the GAN Substrates Market
Asia Pacific dominates the GaN Substrates Market with a share of 70%. Sapphire production is 78%, while GAN production is 84% in the Asia Pacific countries. These countries are the largest producers of LED. During 2018-2023, the market is expected to have a CAGR of 92%, with a high demand for LED and PSD in countries like Tokyo, Korea, Taiwan, and China. Asian players share half of the market due to the larger production of substrates in these countries. Compared to other countries, countries in the Asia Pacific region have low manufacturing and labor costs. This factor drives the growth of the power GAN devices during the forecast period.
Selected Regulatory Analysis done in the full Report:
Sapphire substrates hold 90% share in the GAN Substrates Market. GAN LED is expected to have a healthy growth rate from 2018-2023, due to the increasing demand from the automobile industry in Taiwan and Korea. LED chip companies in Taiwan are developing new partnerships and investments. These factors will definitely boost the LED and substrates market. Recently, LED chip company, Epistar Corporation entered into an agreement for sharing the patents. This increases the demand for LEDs which accelerates the research and development activities.
Sapphire substrates will witness a positive growth through 2020. The GAN market revenue will reach $2.7 billion by 2020, and larger diameter substrates will experience a greater demand as they offer high brightness and good quality.
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Excerpts on Market Growth Factors:
The healthcare industry drives the market use of GAN technology. There are employed in different kinds of treatments like skin, eye, dental, and cosmetic surgeries.
The automotive industry employs lasers and LEDs for many applications. GAN Lasers/ LEDs are used in head lamps and welding systems. Railways, electric vehicles, motor drives, and braking systems make use of the GAN semiconductor.
Nitride devices like light emitters, diodes, transmitters depend on the hetero-epitaxial growth of GAN on foreign substrates like Silicon, Silicon Carbide, and Sapphire. Bulky GAN products are being adopted in the market today.
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Key players of the GAN Substrates Market:
Saint Gobain Lumilog is the main company for the production of GAN substrates in bulk. These substrates are used in optoelectronic and electronic devices. The company has its headquarters in France and operates in China, Japan, India, and Europe. Sumitomo Electric Industries which has its headquarters in Japan has applications in automotive, infocommunication, electronics, and industrial materials. It has 381 subsidiaries that operate in more than 40 countries in the world. Mitsubishi Chemical Corporation, which is a subsidiary of MCHC, provides products, technology, and materials.
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