Gan semiconductors have superior properties compared to conventional semiconductors like Silicon and Gallium Arsenide. They have wide energy band gap, high breakdown voltage, and high-temperature and high-frequency operation capabilities. Their high levels of conductivity make them suitable for high-power applications. Gan semiconductors are increasingly being used in RF power amplifiers, wireless & mobile infrastructure, led lights, automotive systems and renewable power electronics.

The Gan Semiconductor Market is estimated to be valued at US$ 3.36 Bn in 2023 and is expected to exhibit a CAGR of 26% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends driving the Global Gan Semiconductor Market Size is the rising demand for wireless & mobile networks which requires high-frequency operation capabilities. 5G networks need semiconductors that operate at higher frequencies in the mmWave range of 24–100 GHz. Conventional semiconductors are not suitable to meet the performance requirements of 5G networks. Gan with its wide energy band gap and high-frequency operation makes it an ideal material to develop power amplifiers, switches and other RF components for 5G infrastructure. This is increasing the demand for Gan semiconductors from telecom equipment manufacturers for 5G network deployment.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as high initial investment in R&D and manufacturing facilities act as entry barrier. However, the market exhibits high growth providing opportunities for new players.

Bargaining power of buyers: The bargaining power of buyers is high due to presence of numerous suppliers providing substitutable products. Buyers can negotiate on price and demand high quality products.

Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of substitute raw materials. However, suppliers have advantage due to proprietary technology and patents ownership.

Threat of new substitutes: The threat of substitutes is medium as GaN semiconductors provide performance benefits over conventional semiconductors. However, limited production capacities act as a constraint.

Competitive rivalry: High due to presence of numerous global and domestic players competing on basis of technological innovation, quality, and cost.

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