Global GaN and AIN Materials Market Growth 2023-2029

Global GaN and AIN Materials Market Growth 2023-2029

LPI (LP Information)' newest research report, the “GaN and AIN Materials Industry Forecast” looks at past sales and reviews total world GaN and AIN Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected GaN and AIN Materials sales for 2023 through 2029. With GaN and AIN Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world GaN and AIN Materials industry.

This Insight Report provides a comprehensive analysis of the global GaN and AIN Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on GaN and AIN Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global GaN and AIN Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GaN and AIN Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global GaN and AIN Materials.

The global GaN and AIN Materials market size is projected to grow from US$ 279.8 million in 2022 to US$ 485.6 million in 2029; it is expected to grow at a CAGR of 485.6 from 2023 to 2029.

Global key players of GaN and AIN Materials include Sumitomo Electric Industries, Ltd., Sumitomo Chemical, Mitsubishi Chemical, Kyma Technologies, HexaTech, etc. The top five players hold a share over 89%. Asia-Pacific is the largest market, has a share about 27%, followed by North America and Europe, with share 27% and 23%, separately. In terms of product type, Single Crystal GaN Substrate is the largest segment, occupied for a share of 95%, and in terms of application, RF Device has a share about 49 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of GaN and AIN Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Single Crystal GaN Substrate
Single Crystal AIN Substrate

Segmentation by application
RF Device
Power Electronics
MicroLED
UV LED
High Brightness LED
GaN Laser

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sumitomo Electric Industries, Ltd.
Sumitomo Chemical
Mitsubishi Chemical
Kyma Technologies
HexaTech
Sino NitrideSemiconductor
Suzhou Nanowin Science and Technology Co.,Ltd
Ultratrend Technologies Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global GaN and AIN Materials market?

What factors are driving GaN and AIN Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do GaN and AIN Materials market opportunities vary by end market size?

How does GaN and AIN Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.