Gallium Oxide in Semiconductors Market (2021-2030)

Gallium Oxide in Semiconductor Market Overview

Gallium Oxide in Semiconductor Market size is estimated to be $8.7M in 2020, growing at a CAGR of 66.9% during the forecast period 2021-2030. Gallium Oxide, also known as gallium sesquioxide has the molecular formula Ga2O3 and is slightly soluble in alkalies. This chemical compound, on the other hand, is thermally stable and insoluble in water. In addition, it has a massive band gap of nearly 4.8 eV, allowing manufacturers to use a thinner system for a given voltage. In the electronics industry, thinner devices are more effective owing to its less resistance feature. The chemical's high efficiency is expected to help the global gallium oxide in semiconductor market expansion. Moreover, the significant growth in the semiconductor industry is analyzed to be major driving factor for the Gallium Oxide market owing to the unique properties such as high critical electric-field strength, band gap and so on. The research stage of Ga2O3-device technology is just beginning to reach critical mass, and researchers are now mapping out the application space for fast switches, multi kilo volt-class power transistors, and RF devices.

Gallium Oxide in Semiconductor Market Report Coverage

The report: “Gallium Oxide in Semiconductor Market Forecast (2021-2030)” covers an in-depth analysis of the following segments of the Gallium Oxide in Semiconductor Market.

By Product - (3N) 99.9% Gallium Oxide, (4N) 99.99% Gallium Oxide, (5N) 99.999% Gallium Oxide and (6N) 99.9999% Gallium Oxide.

By Components- MOSFETs and FETs.

By Type- Substrates and Epitaxial Wafers.

By Wafer Size- 2 Inch and 4 Inch.

By Device- Opto-Semiconductor Device, Power Semiconductor Device and RF Semiconductor Device.

By Application- Power Electronics, Consumer Electronics, Automotive Electronics, Solar Power Devices, Industrial Machinery, Aerospace, Defense and Others.

By Geography-North America, South America, Europe, Asia Pacific and Rest of the World.

Key Takeaways

• MOSFETs segment held the largest market share in the year 2020 owing to the increase in academic institutes' research and development activities.
• Substrates segment held the largest market share in the year 2020 owing to the growing number of key players providing gallium oxide substrates for various application coupled with the growing number of product launches is set to fuel its market growth.
• APAC dominated the gallium oxide in semiconductor market in 2020 owing to the booming semiconductor industry in that region.
• The growing semiconductor industry along with increasing demand of consumer electronics products such as smartphones, led lamps and computer coupled with the wide usage of gallium oxide is fueling its market growth.

By Components, the Gallium Oxide in Semiconductor Market is segmented into MOSFETs and FETs. MOSFETs segment held the largest market share in the year 2020 owing to the increase in academic institutes' research and development activities. For instance, in December 2018, researchers in Japan have developed the first vertical gallium oxide metal-oxide-semiconductor field-effect transistor (MOSFET) using ion implantation for the both the n-type and p-type doping, paving the way for new class of power devices. The MOSFET (Metal Oxide Semiconductor Field Effect Transistor) transistor is a semiconductor device that is widely used for switching purposes and for the amplification of electronic signals in electronic devices. Also, FETs, is projected to witness growth at fastest CAGR of 75.4% in forecast period 2021-2030. A Field Effect Transistor (FET) is a three-terminal Active Semiconductor device, where the output current is controlled by an electric field generated by the input voltage. FETs are also known as unipolar transistors because, unlike bipolar transistors, FETs only have either electrons or holes operating as charge carriers.

By Type, the Gallium Oxide in Semiconductor Market is segmented into Substrates and Epitaxial Wafers. Substrates segment held the largest market share in the year 2020 owing to the growing number of key players providing gallium oxide substrates for various application coupled with the growing number of product launches is set to fuel its market growth. For instance, Tamura Corporation, provides a wide range of gallium oxide substrate for ultraviolet light, substrate for power semiconductor and ultraviolet detector. In addition, in March 2018, Kyma Technologies Inc., has launched a crystalline beta-phase gallium oxide substrate product line. Kyma’s beta-phase gallium oxide substrates are produced by slicing oriented bulk crystals, then lapping and polishing through CMP process to create an epi-ready oriented substrate. Also, epitaxial wafers segment, is projected to witness growth at CAGR of 78.4% in forecast period 2021-2030. An epitaxial wafer is a wafer of semiconducting material made by epitaxial growth for use in photonics, microelectronics or photovoltaics. The epi layer may be the same layer as substrate or it may be more exotic material with specific desirable properties.

APAC dominated the gallium oxide in semiconductor market in 2020 owing to the booming semiconductor industry in that region. For instance, according to the World Semiconductor Trade Statistics (WSTS) The Japanese semiconductor market grew from $36.6 billion in 2017 to 40.0 billion in 2018. This growth, although relatively modest, presents numerous opportunities for U.S. businesses, particularly for those supplying smartphone display chips, computer server/data storage devices, electronic measuring instruments and electro-medical devices, the Internet of Things (IoT), and automotive electronics and artificial intelligence (AI).

Gallium Oxide in Semiconductor Market Drivers

The growing semiconductor industry

The growing semiconductor industry along with increasing demand of consumer electronics products such as smartphones, led lamps and computer coupled with the wide usage of gallium oxide is fueling its market growth. Apart from this, the growing semiconductor industry in APAC region is set to drive its market growth in the future. For instance, according to a study by the Associated Chambers of Commerce of India (ASSOCHAM) and EY, the Indian electronics and hardware industry is expected to reach US$112-130billion by 2018 as electronics and hardware manufacturers are looking to increase their manufacturing base in India to cater to the domestic market in the Middle East, Africa and SAARC countries.

Increasing demand for gallium oxide transistor

The increased usage of gallium oxide transistors in high-voltage rectifiers in distribution systems and power conditioning units such as photovoltaic solar systems and electric vehicles such as automobiles, trains, and aircraft is driving the gallium oxide transistor market development. Moreover, Ga2O3 transistors are used in power distribution systems that charge electric vehicles or convert renewable electricity into the power grid from alternative energy sources such as solar panels or wind turbines, owing to the advantages of gallium oxide in transistors. In electric vehicle charging stations, high-power transistors are used to monitor and operate at higher power levels than silicon-based systems. Furthermore, since gallium oxide has a high band gap, it allows transistors to operate at higher temperatures, reducing the size of the system by eliminating the need for an external cooling system. Manufacturers of power systems may see an increase in demand for gallium oxide transistors as a result of the smaller system size.

Gallium Oxide in Semiconductor Market Challenges

Limited Production of Gallium

Limited production of gallium is set to hamper its market growth in the upcoming years. For instance, according to USGS, in 2019, gallium metal exports decreased by about 90% in 2019 from those of 2018, mostly owing to the introduction of higher import tariffs on gallium from China and the 300% increase of gallium exports from China in 2018 before the tariffs were introduced. Primary-low grade gallium (99.99% pure) prices in China decreased by about 7% in 2019. Low grade gallium prices worldwide continued to decline as China’s primary low grade gallium production continued to exceed worldwide consumption despite reduced production.

Gallium Oxide in Semiconductor Market Industry Outlook

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Gallium Oxide in Semiconductor Market. Gallium Oxide in Semiconductor Market top 10 are Aluminum Corporation of China Limited, Neo Performance Materials Inc., Flosfia Inc., Saint-Gobain S.A., Super Conductor Materials Inc., Vital Materials Co Ltd, ABSCO Limited, Aixtron SE, Novel Crystal Technology Inc., and Hebei Suoyi New Material Technology Co Ltd.

Developments:

• January, 2018: DENSO announced partnership with FLOSFIA to develop next-gen gallium oxide power semiconductor devices for electrified vehicles. DENSO has acquired new shares issued by FLOSFIA for $7.1million Series C funding round.
• April 2019: With help from the New Energy and Industrial Technology Development Organization (NEDO), Novel Crystal Technology, Inc. (Sayama, Saitama, Japan, President & CEO Akito Kuramata), and in collaboration with Saga University and TAMURA Corporation, a high-quality, β-type gallium oxide (β-Ga2O3) epitaxial film※1 has been recently developed. With this success, ultra-low-loss high-current β-Ga2O3 power devices can be mass produced.

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