Gallium Nitride (GaN) Epiwafers Market Size 2023-2029
The global Gallium Nitride (GaN) Epiwafers market was valued at US$ 432.9 million in 2022 and is projected to reach US$ 1577.3 million by 2029, at a CAGR of 20.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Gallium Nitride (GaN) Epiwafers are essentially thin layers of gallium nitride that are grown or deposited on a substrate, typically a crystalline material like silicon carbide (SiC) or sapphire. These epiwafers play a crucial role as a foundation in the production of electronic devices utilizing gallium nitride technology.
Gallium nitride is a semiconductor material with a wide bandgap and is well-known for its exceptional electrical and optical properties. Through the growth of a thin layer of gallium nitride on a suitable substrate, engineers and researchers are able to manufacture high-performance electronic devices, including power amplifiers, high-frequency transistors, light-emitting diodes (LEDs), laser diodes, and various other optoelectronic components.
The use of GaN epiwafers enables the optimization of device performance, reliability, and efficiency across a wide range of applications, such as power electronics, telecommunications, solid-state lighting, and wireless communication systems.
Total Market by Segment:
Global Gallium Nitride (GaN) Epiwafers Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Gallium Nitride (GaN) Epiwafers Market Segment Percentages, by Type, 2022 (%)
GaN-on-Sapphire
GaN-On-Si
GaN-On-SiC
GaN-on-GaN
Others
Further, the report presents profiles of competitors in the market, key players include:
NTT AT
Wolfspeed
SCIOCS (Sumitomo)
EpiGaN (Soitec)
DOWA Electronics Materials
IQE
Enkris Semiconductor Inc
CorEnergy
GLC
Genettice
Suzhou Nanowin
Episil-Precision Inc
Xinguan Technology
Shanxi Yuteng
Sumitomo Electric Industries
Cree, Inc.
Mitsubishi Chemical Corporation
Aixtron SE
Nichia Corporation
Epistar Corporation
Osram Opto Semiconductors GmbH
Visual Photonics Epitaxy Co. Ltd. (VPEC)
Key Questions Addressed in the Paid Version of the Report
What is the projected market value of the Gallium Nitride (GaN) epiwafers market by 2029?-> The global GaN epiwafers market is projected to reach US$ 1577.3 million by 2029.
What is the compound annual growth rate (CAGR) of the GaN epiwafers market during the forecast period?-> The GaN epiwafers market is expected to grow at a CAGR of 20.3% during the forecast period.
Who are the key global players in the GaN epiwafers market?-> Key global players in the GaN epiwafers market include NTT AT, Wolfspeed, SCIOCS (Sumitomo), EpiGaN (Soitec), among others.
What is the market share of the top five global manufacturers in the GaN epiwafers market?-> The top five manufacturers hold a market share of over 53%.
Which country is the largest producer of GaN epiwafers?-> China is the largest producer of GaN epiwafers and holds a market share of over 42%.
What is the largest segment in terms of product in the GaN epiwafers market?-> GaN-On-SiC is the largest segment, holding a market share of over 38%.
Which application holds the largest market share in the GaN epiwafers market?-> The largest application segment in the GaN epiwafers market is microwave RF, with a market share of over 39%.