Search

Gallium Oxide Substrate Market

Gallium Oxide Substrate Market Trend, Opportunity, and Forecast Analysis, 2024-2032

Gallium Oxide Substrate Market is segmented by Dopant, Application, and by Region. KDMI analyst foresees market revenue to cross USD 10.2 Million by 2032 by growing with a CAGR of 8.9% during 2024-2032.


Gallium Oxide Substrate Market Highlights

The global gallium oxide substrate market is expected to cross a value of USD 10.2 million by the end of 2032. The market was valued at USD 4.9 million in 2023 and is expected to expand at a CAGR of 8.9 % between 2024-2032.

  • Over the mid-term, the rise in demand for power electronics is the primary factor anticipated to drive the global gallium oxide substrate market.
  • The high production cost is a major factor to challenge the market growth.
  • The Asia Pacific gallium oxide substrate market is projected to dominate the global market.

                 Gallium Oxide Substrate Market: Report Scope

Base Year

     2023

Base Year Market Size

     USD 4.9 Million

Forecast Year

     2024-2032

Forecast Year Market Size

     USD 10.2 Million

CAGR Value

     8.9%

Gallium Oxide Substrate Market Key Trends/Major Growth Drivers

  • Rapid Advancements in Semiconductor Manufacturing
  • Increasing Adoption of Gallium Oxide in Military and Aerospace Applications
  • Rise in Demand for Power Electronics

Restraint Factors

  • High Production Costs
  • Concern for Limited Availability of High-Quality Substrates

Gallium Oxide Substrate Market Segmentation

  • By Dopant
  • By Application
  • By Geography

Gallium Oxide Substrate Market Key Players

Chalco, Liche Opto Co., Ltd, NANJING JINMEI GALLIUM CO., LTD., Nanoshell LLC, Neo Performance Materials, Nippon Rare Metal, Inc.,Super Conductor Materials, Inc.,Saint-Gobain, Vital Materials Co.,Tamura Corporation, Novel Crystal Technology, Kyma Technologies Inc. and others.


Gallium Oxide Substrate Market Outlook

The material used as a base or foundation for the growth of the gallium oxide semiconductor devices is known as gallium oxide (Ga2O3) substrate. These substrates typically provide a crystalline structure onto which gallium oxide semiconductor layers can be deposited.

The increasing demand for power electronics is one of the primary factors according to our experts at KD Market Insights, which is expected to drive the growth of the global gallium oxide substrate market. The revenue generated from power electronics is expected to touch USD 53 billion by 2032, registering a CAGR of around 5% during the forecast period. Power electronic devices such as high-power transistors, diodes, and integrated circuits often require superior thermal conductivity for which gallium oxide substrates play a major role. The chemical also increases the electrical performance of power electronics. Chalco, Liche Opto Co., Ltd, NANJING JINMEI GALLIUM CO., LTD. are some of the significant parties in the global market for gallium oxide substrate

Gallium Oxide Substrate Market Graph                                        Get More Insights on This Report - Request Free Sample PDF


Gallium Oxide Substrate Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global gallium oxide substrate market are:

  • Rapid Advancements in Semiconductor Manufacturing: The semiconductor industry around the globe is growing at a massive pace and so are the technologies associated with it. Our researchers predict that the revenue generated from the semiconductor industry around the globe would touch near to USD 1520 billion, registering a CAGR of around 12% during the forecast period. The manufacturing techniques in the semiconductor industry, such as epitaxial growth and substrate processing are witnessing continuous advancements, allow production of high-quality gallium oxide substrates that provides enhanced performance characteristics. These advancements, therefore, create numerous opportunities for market growth.
  • Increasing Adoption of Gallium Oxide in Military and Aerospace Applications: Backed by the increasing budget set for military expenditure by the government of nations globally, the demand for advanced military and aerospace equipment are increasing. These sectors often require substrates that provide high breakdown voltage, possesses wide bandgap, and have radiation resistance properties, which is offered by gallium oxide substrates. Hence, the increasing applications of gallium oxide substrates in the military and aerospace sector is expected to drive the market growth.

Which Probable Factors Could Hamper the Growing Gallium Oxide Substrate Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of gallium oxide substrate are:

  • High Production Costs: The production costs of gallium oxide substrate are usually very high as the manufacturing process involves complex fabrication processes and also requires high-purity raw materials that comes on a higher price. This cost factor is therefore expected to lower the demand for the chemical product, and in turn, hamper the market growth.
  • Concern for Limited Availability of High-Quality Substrates: The production of gallium oxide substrates with the required crystalline quality and material purity can be challenging, and hence, the unavailability of such high-quality substrates hampers the scalability of manufacturing the chemical product, thereby restricting market growth.

How is the Global Gallium Oxide Substrate Market Segmented?

Our experts at KD Market Insights have segmented the global gallium oxide substrate market as:

By Dopant

  • Tin (Sn)
  • Iron (Fe)
  • Others

By Application

  • Visible/Ultraviolet LEDs
  • Power Semiconductors
  • Ultraviolet Detectors

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa

What are the Probable Factors Influencing the Asia Pacific Gallium Oxide Substrate Market Forecast?

The Asia Pacific gallium oxide substrate market is majorly driven by the presence of a strong semiconductor infrastructure in the region, especially in nations, such as China, Taiwan, and Korea, which manufactures high-power electronics to be used in the automotive, consumer electronics, and renewable energy applications. Besides this, the manufacturers in the region manufacturing gallium oxide substrate are rapidly focusing on leveraging the unique properties of the chemical compound for use in UV photodetectors, sensors, and optoelectronic devices among others, which is also expected to contribute to the market growth in the region.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific gallium oxide substrate market growth:

  • Mitsubishi Chemical Corporation
  • NGK Insulators, Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Nippon Mining & Metals Co., Ltd.
  • Hitachi Metals, Ltd.

Key Countries to Watch for in Asia Pacific Gallium Oxide Substrate Market

Key Insights

China Gallium Oxide Substrate Market to Register the Largest Regional Market Share

USD 0.6 Million

Japan Gallium Oxide Substrate Market to Grow with the Highest CAGR During 2024-2032

9.2%


Which Key Players Top the Global Gallium Oxide Substrate Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global gallium oxide substrate market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with gallium oxide substrate market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global gallium oxide substrate market share:

  • Chalco
  • Liche Opto Co., Ltd
  • NANJING JINMEI GALLIUM CO., LTD.
  • Nanoshell LLC
  • Neo Performance Materials
  • Nippon Rare Metal, Inc.
  • Super Conductor Materials, Inc.
  • Saint-Gobain
  • Vital Materials Co.
  • Tamura Corporation
  • Novel Crystal Technology
  • Kyma Technologies Inc.

What are the Recent Developments Observed in the Gallium Oxide Substrate Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global gallium oxide substrate market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Mitsubishi Electric Corporation stated that it has invested in Novel Crystal Technology, Inc. which specializes in developing gallium oxide wafers for advanced energy-saving power semiconductors.

Further, DENSO partnered with FLOSFIA for generating next-generation gallium oxide power semiconductor devices for EVs.



Need Customized Report for Your Business ?

Utilize the Power of Customized Research Aligned with Your Business Goals

Request for Customized Report
Get 10% discount on any market research report of your choice.
Booklet
  • Publication date: 8th April 2024
  • Base year: 2022
  • Forecast year: 2023-2033
  • Format: PDF, PPT,Word,Excel

- ISO Certified Logo -


Frequently Asked Questions(FAQ)

The global gallium oxide substrate market is expected to cross a value of USD 10.2 million by the end of 2032.

The global gallium oxide substrate market was valued at USD 4.9 million in 2023.

Over the mid-term, the increasing demand for power electronics is the primary factor anticipated to drive the global gallium oxide substrate market.

The global gallium oxide substrate market is segmented by Dopant, Application, and by geography.

The Asia Pacific gallium oxide substrate market is projected to dominate the global market in 2032.

Some of the key players in the gallium oxide substrate market include Chalco, Liche Opto Co., Ltd, NANJING JINMEI GALLIUM CO., LTD., Nanoshell LLC, Neo Performance Materials, Nippon Rare Metal, Inc.among others.

-: Our Clients :-

Subscribe to Our Company Updates

* We will not share your personal information with anyone
Go Up