Lucintel Blog: Lucintel Forecasts GaN Substrate Market to Reach $XX Billion by 2027

Wednesday, December 21, 2022

Lucintel Forecasts GaN Substrate Market to Reach $XX Billion by 2027

According to the recent study the GaN substrate market is projected to reach an estimated $XX billion by 2027 from $XX billion in 2021, at a CAGR of 10.9% from 2021 to 2027. Growth in this market is primarily driven by the growing demand of GaN substrate in LED application, increasing need of higher power density for electronic devices, and increasing usage in power electronics application.

Browse 56 figures / charts and 59 tables in this 117 -page report to understand trends, opportunities and forecast in GaN substrate market by diameter (<4 inches and 4 inches or greater), by application (LED, Laser diode, and others), by end use industry (automotive, consumer electronics, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/gan-substrate-market.aspx

“4 inches or greater market is expected to remain the largest segment during the forecast period.”

Based on diameter type, the GaN substrate market is segmented into <4 inches and 4 inches or greater. Lucintel forecasts that the 4 inches or greater market is expected to remain the largest segment due to growing demand for optoelectronics devices, telecom frontends, high power amplifiers, and high temperature devices market.

“Within the GaN substrate market, the consumer electronics segment is expected to remain the largest end use industry.”

Based on end use industry the consumer electronics segment is expected to witness the highest growth over the forecast period due to surge in the demand for substrates in the electronics devices.

“Asia pacific will dominate the GaN substrate market in near future.”

Asia Pacific is expected to remain the largest region and witness the highest growth during the forecast period.

Download Brochure of this report by clicking on https://www.lucintel.com/gan-substrate-market.aspx.

Major players of GaN substrate market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Sumitomo Electric Industries, Ltd, Mitsubishi Chemical Corporation, Soitec, Kyocera, GaN Systems Inc., SCIOCS, and Toshiba are among the major GaN substrate providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/gan-substrate-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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