Lucintel Forecasts the Global GaN Substrate Market to Reach $396million by 2030
Lucintel Forecasts the Global GaN Substrate Market to Reach $396million by 2030
Blog Article
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 $396million by 2030 from $192million in 2024,at a CAGR of 11.0% from 2024 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 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.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics 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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