The global gallium nitride market is projected to be worth USD 320.4 Million by 2027, according to a current analysis by Emergen Research. The gallium nitride market is observing high demand attributed to the growing demand for gallium nitride devices in consumer electronics. Gallium nitride is garnering significant traction in the market and is replacing silicon for use in fast chargers for laptops and smart devices. In the last couple of years, the screen and battery size of smartphones have witnessed a significant increase, which, in turn, is causative of increased power consumption for smartphones, thereby pushing the market for fast chargers. Following the footsteps of aftermarket companies such as Anker, Belkin, AUKEY, and RAVpower, OEMs such as Samsung, Lenovo, and Oppo have started using gallium nitride for fast chargers’ mass production. Gallium nitride offers a thousand times more speed over silicon, giving the advantage of three times faster charging in weight and size, which is around half of the silicon-based chargers.

The report studies the historical data of the Gallium Nitride market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Gallium Nitride industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Gallium Nitride market.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

DOWA Electronics Materials Co. Ltd., Cree Inc., American Elements, Furukawa Co. Ltd., Mitsubishi Chemical Corporation, Kyma Technologies Inc., Soitec, IQE PLC, Infineon Technologies, Nitride Semiconductors Co. Ltd.

Research Report on the Gallium Nitride Market Addresses the Following Key Questions:

Who are the dominant players of the Gallium Nitride market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Gallium Nitride market?
What are the key growth drivers and restraining factors of the Gallium Nitride market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Gallium Nitride market and its key segments?

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Emergen Research has segmented the global Gallium Nitride market on the basis of type, type of care, and region

Segments Covered in this report are:

Substrate Type Outlook (Revenue, USD Billion; 2017-2027)
- GaN-on-SiC
- GaN-on-Si
- GaN-on-Sapphire
- Others

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline

Application Outlook (Revenue, USD Billion; 2017-2027)
- Radio Frequency Devices
  1. Wireless Infrastructure
  2. Satellite Communication
  3. Military & Defense
  4. Others
- Power Electronics
  1. Power Supply
  2. Electric Vehicle
  3. LiDAR
  4. Servers & Data Centers
  5. Wireless Power
  6. Solar Photovoltaic Technology
  7. Envelope Tracking
  8. Others
- Optoelectronics
  1. LED
  2. LASER
  3. Others

In conclusion, the Gallium Nitride Market report is an exhaustive database that will help readers formulate lucrative strategies. The Gallium Nitride Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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