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Driven by Large-scale Application, Global GaN Industrial Devices Market will Increase at 15.10% CAGR 2015-2021

Driven by Large-scale Application, Global GaN Industrial Devices Market will Increase at 15.10% CAGR 2015-2021

The GaN industrial devices market is fueled by the growing number of application areas for GaN-based devices, introduction of advanced technology, increasing demand for enhanced battlefield performance from the defense industry, and large-scale production. A report by Transparency Market Research indicates that driven by these factors, the global market for GaN industrial devices is projected to rise from a value of over US$0.4 bn in 2014 to US$1.3 bn in 2021 at a 15.10% CAGR. The report is titled “GaN Industrial Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021” and also states that by volume, the GaN industrial devices market is anticipated to register a 17.50% CAGR from 2015 to 2021.

On the basis of type, the GaN industrial devices market is bifurcated into power devices and opto electronics. The latter was the dominant product segment in 2014 and made up 78.0% of the GaN industrial devices market.The sub-segment of high electron mobility transistors (HEMTs) is segmented on the basis of application into wireless phone infrastructure: base stations (BTS), WiMAX/LTE, V-SAT, CATV, defense, satellite, and others. In terms of revenue, the segment of wireless phone infrastructure, BTS held the largest share of 26.0% in 2014 and is driven by the rising number of base transceiver station installations.

By application, the market for GaN industrial devices is categorized into light-emitting diodes (LED), radiofrequency (RF), and power device. The LED segment emerged as the leader in the overall market by both volume and value. In 2014, the LED segment accounted for 82.50% of the market in terms of volume and 68.0% in terms of value. This category is driven by the wide-scale usage of GaN-based LED devices in vehicle lamps, traffic signal lamps, and liquid crystal display among others.

The global market for GaN industrial devices is segmented on the basis of geography into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Driven by increasing demand for LEDs in laptops, computers, gaming devices, mobile tablets, and televisions, and high penetration of GaN-based transistors in defense and military applications, North America dominated the global GaN industrial devices market. In 2014, the region held 31.10% of the overall market. Accounting for 28.90% of the global GaN industrial devices market, Europe emerged as the second largest regional segment.

More Information : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4657

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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