According to a market report by Lucintel, the future of the global GaN substrate market looks promising with opportunities in the automotive, and consumer electronics markets. The global GaN substrate market is expected to reach an estimated $396 million by 2030 from $192 million in 2023 at a CAGR of 11% from 2023 to 2030. The major drivers for this market are growing demand of GaN substrate in led application, increasing need of higher power density for electronic devices, and increasing usage in power electronics application.
A more
than 150-page report to understand trends, opportunity and forecast in global GaN
substrate market to 2030 by diameter type (<4 inches and 4 inches or
greater), application (LED, laser diode, and others), end use industry
(automotive, consumer electronics, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that 4 inches or greater is expected to witness higher growth over
the forecast period.
Within
this market, consumer electronics will remain the largest segment.
Download sample
by clicking on GaN substrate market.
Sumitomo
Electric Industries, Ltd, Mitsubishi Chemical Corporation, Soitec, Kyocera, GaN
Systems Inc., SCIOCS, Toshiba are the major suppliers in the GaN substrate market.
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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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