Asia Pacific to have a major share in the GAN Substrates Market:
Asia Pacific dominates the GaN Substrates Market with a share of 70%. Sapphire production is 78%, while GAN production is 84% in the Asia Pacific countries. These countries are the largest producers of LED. During 2018-2023, the market is expected to have a CAGR of 92%, with a high demand for LED and PSD in countries like Tokyo, Korea, Taiwan, and China. Asian players share half of the market due to the larger production of substrates in these countries. Compared to other countries, countries in the Asia Pacific region have low manufacturing and labor costs. This factor drives the growth of the power GAN devices during the forecast period.
Selected Regulatory Analysis done in the Gallium Nitride (GaN) Substrates Market Report:
Sapphire substrates hold 90% share in the GAN Substrates Market. GAN LED is expected to have a healthy growth rate from 2018-2023, due to the increasing demand from the automobile industry in Taiwan and Korea. LED chip companies in Taiwan are developing new partnerships and investments. These factors will definitely boost the LED and substrates market. Recently, LED chip company, Epistar Corporation entered into an agreement for sharing the patents. This increases the demand for LEDs which accelerates the research and development activities.
Sapphire substrates will witness a positive growth through 2020. The GAN market revenue will reach $2.7 billion by 2020, and larger diameter substrates will experience a greater demand as they offer high brightness and good quality.
To access/purchase the full report browse the link below:
https://industryarc.com/Report/1264/GaN-substrates-market-research-report.html
Excerpts on Gallium Nitride (GaN) Substrates Market Growth Factors
The healthcare industry drives the market use of GAN technology. There are employed in different kinds of treatments like skin, eye, dental, and cosmetic surgeries.
The automotive industry employs lasers and LEDs for many applications. GAN Lasers/ LEDs are used in head lamps and welding systems. Railways, electric vehicles, motor drives, and braking systems make use of the GAN semiconductor.
Nitride devices like light emitters, diodes, transmitters depend on the hetero-epitaxial growth of GAN on foreign substrates like Silicon, Silicon Carbide, and Sapphire. Bulky GAN products are being adopted in the market today.
Key players of the GAN Substrates Market
Saint Gobain Lumilog is the main company for the production of GAN substrates in bulk. These substrates are used in optoelectronic and electronic devices. The company has its headquarters in France and operates in China, Japan, India, and Europe. Sumitomo Electric Industries which has its headquarters in Japan has applications in automotive, infocommunication, electronics, and industrial materials. It has 381 subsidiaries that operate in more than 40 countries in the world. Mitsubishi Chemical Corporation, which is a subsidiary of MCHC, provides products, technology, and materials.
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.
We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Rohith Koluguri
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Material
rohitpatrik8189@gmail.com
https://industryarc.com/Report/1264/GaN-substrates-market-research-report.html/summary?utm_source=fr