Market for More Efficient GaN Power Conversion Devices to Hit $1.1 Billion in 2024
GaN-on-Silicon Will Lead With 90% of the Market; GaN on Silicon Carbide Will Gain Traction in Transportation but GaN-on-GaN Will Be Hobbled by High Prices, Lux Research Says
(firmenpresse) - BOSTON, MA -- (Marketwired) -- 01/15/15 -- Gallium nitride (GaN) materials can create much more efficient devices for electric power conversion in devices from cell phone chargers to hybrid electric vehicles, leading to a $1.1 billion market for GaN discrete components in 2024. However, the substrate that the GaN device is built on -- a wafer of silicon (Si), silicon carbide (SiC), or more GaN -- makes a big difference in the cost and performance of the device. According to Lux Research, GaN-on-Si will dominate the GaN market for at least the next decade, growing to $1 billion in 2024, a 90% share.
"Of the three GaN flavors, GaN-on-Si will be the cheapest, pushing adoption of GaN-on-SiC or GaN-on-GaN out into the future," said Pallavi Madakasira, Lux Research Analyst and the lead author of the report titled, "."
"Even though both GaN-on-SiC and GaN-on-GaN offer performance improvements over silicon, high prices for SiC and GaN substrates will limit adoption," she added.
Lux Research analysts evaluated the overall GaN market, besides evaluating the growth prospects of the three GaN flavors. Among their findings:
GaN-on-Si will be the runaway leaders in the renewables and grid markets, as well as transportation, attaining markets of about $350 million and $380 million, respectively, in 2024. Next in adoption will be IT and electronics.
GaN-on-SiC will grow at a 46% CAGR from 2017 to 2024, reaching $140 million. Driven by the SiC substrates'' ability to function efficiently at high temperatures, it will gain the most adoption in transportation.
The lack of cheaper GaN substrates and a relative lack of developers mean GaN-on-GaN will play little commercial role in the next decade. More R&D is needed on cost-saving innovations like hybrid manufacturing processes.
The report, titled "Breaking Down the Gallium Nitride Power Electronics Market," is part of the Lux Research service.
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit for more information.
Lux Research, Inc.
617-502-5314
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.01.2015 - 06:30 Uhr
Sprache: Deutsch
News-ID 1330364
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
BOSTON, MA
Phone:
Kategorie:
Parts and Accessories
Anmerkungen:
Diese Pressemitteilung wurde bisher 238 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Market for More Efficient GaN Power Conversion Devices to Hit $1.1 Billion in 2024
"
steht unter der journalistisch-redaktionellen Verantwortung von
Lux Research (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
