Technavio announces top six leading vendors in their recent global gallium nitride (GaN) devices market report until 2020 – alongside the research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.
The report writes that the global GaN devices market was valued at USD 518 million in 2015 and is expected to reach USD 1,078 million by 2020, growing at a CAGR of close to 16% during the forecast period.
According to Sunil Kumar Singh, a lead semiconductor equipment research analyst at Technavio, “Increased use of GaN in EW in defense sector is one of the major factors driving the global market. The defense sector is the major segment in the global GaN devices market. GaN is used in radars and anti-improvised explosive devices due to its various properties like wide band gap and high breakdown voltage.”
Competitive vendor landscape
The global GaN devices market has a high potential for growth because of the increase in applications for GaN devices across several sectors. The market is characterized by the presence of significant entry barriers in the form of capital requirements, which prevent new players from entering the market.
The GaN-based semiconductor device manufacturers have realized the potential of GaN devices, resulting in an increase in M&A. In 2015, Cree acquired Arkansas Power Electronics International, a power modules and power applications manufacturer. The acquisition strengthens Cree’s RF and power business, as Arkansas Power Electronics has intellectual property and application expertise. RFMD, an RF solutions provider, and TriQuint, an RF solutions and foundry services provider, both merged in 2015 to form Qorvo.
Similarly, Infineon Technology acquired International Rectifier, a manufacturer of analog and mixed-signal ICs, in 2015.
Top six GaN devices market vendors
Avago Technologies manufactures analog semiconductor devices. The company’s product offerings cater to the industrial and automotive electronics, computing peripherals, and consumer and wireless communications segment.
Cree is a manufacturer of semiconductor LED materials and devices. Cree product line involves blue and green LED chips, LED fixtures, RF devices, and power-switching devices. Cree follows a growth strategy that integrates the perspective of sustainability. Through this strategy, the company plans to trigger its earning potential, produce efficient and high-performance products, and develop products with a focus on penetrating broader markets. Also, it plans to enhance its technological strengths, which will help it gain more market share. In addition, it focuses on optimizing costs and increasing its customer portfolio.
The company is a manufacturer of GaN high power switching transistors and diodes. The company has a transportable fabless model and incorporates GaN into the design. The company develops GaN power-switching transistors.
Infineon Technologies develops, manufactures, and markets a wide range of semiconductor products for the communications, automotive, and memory markets. The company operates through 50 subsidiaries across EMEA, APAC, and the Americas. It caters to the automation, data processing, electromobility, industrial, chip card and security, consumer, solar energy systems, wind energy systems, automotive, lighting, medical, motorcycles, e-bikes and small e-vehicles, mobile devices, power supplies, motor control and drives, and smart grid sectors.
OSRAM Opto Semiconductors
OSRAM Opto Semiconductors is a wholly-owned subsidiary of OSRAM. It has diversified its portfolio to provide a wide range of lighting applications such as high-brightness and high-power LEDs. The company is one of the most significant innovation and technology drivers in Germany.
RFMD and TriQuint merged in early 2015 to form Qorvo. The company provides core technologies and radio frequency solutions for mobile, infrastructure, and aerospace and defense applications. It operates in the design, sales, and manufacturing centers throughout Asia, Europe, and North America.