Rapid advancements in the semiconductor industry have helped increasing the potential of gallium oxide. Gallium oxide is mostly used in the manufacturing of gallium oxide substrates. Currently, gallium substrates formed from oxide are used for research & development activities by academic & research institutes for making more technologically sound products. With a rapidly growing semiconductor industry, the gallium oxide market too will witness strong growth over the coming years.
The gallium oxide market is dependent and progressing on the back of investments in the electronics sector, especially in the semiconductor industry. For instance, AGC invested in Novel Crystal Technology, which accelerated the commercialization of the product, ultimately leading to more demand for gallium oxide.
Fact.MR predicts that the global gallium market will race ahead and reach a valuation of US$ 28.6 Mn by the end of 2030.
Gallium Oxide Market Insights by Grade
Gallium oxide grades that are mostly used are 4N, 5N, and 6N and above. Uses of grades basically depends on the purity of the antinomy. To meet specific requirements or for development or production, different grades are used. Among these segments, 4N held a major share of the market in 2024, valued at US$ 2.3 Mn, and is expected to reach US$ 6.3 Mn by 2030. 5N and 6N and above are expected to progress at a healthy CAGR of 9% and 7%, respectively, over the assessment period.
Following Questions Answers Covered in the Report are:
- How will the global Gallium Oxide Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Gallium Oxide Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Gallium Oxide Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
Price Factor to Deter New Entrants
Gallium oxide is a very rare material, and is composed of naturally occurring materials such as coal, among others. Gallium oxide production does not work on obsolete technologies; new technologies are adopted by players to meet demand in the market. Most of the technologies are patented, and as of now, new players need to invest high capital on technology and infrastructure, which is not feasible for them as far as entering this market space is concerned.
More Valuable Insights on Gallium Oxide Market
Fact.MR, in its new offering, presents an unbiased analysis of the global gallium oxide market, presenting forecast statistics for the period of 2024-2030. The study divulges essential insights on the gallium oxide market on the basis of grade (4N, 5N, 6N, and above), product (alpha-gallium oxide and beta-gallium oxide), and application (substrates and others), across four major regions of the world.
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