Middle East & Africa Gallium Nitride Semiconductor Devices Market Size & Outlook
Middle East & Africa gallium nitride semiconductor devices market, 2018-2030 (US$M)
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MEA gallium nitride semiconductor devices market highlights
- The MEA gallium nitride semiconductor devices market generated a revenue of USD 154.7 million in 2023.
- The market is expected to grow at a CAGR of 19.9% from 2024 to 2030.
- In terms of segment, power semiconductors was the largest revenue generating product in 2023.
- GaN Radio Frequency Devices is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 154.7 million |
| Market revenue in 2030 | USD 551.7 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Power semiconductors |
| Fastest growing segment | GaN Radio Frequency Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | GaN Radio Frequency Devices, Opto-semiconductors, Power Semiconductors |
| Key market players worldwide | SMART Global Holdings Inc, Fujitsu Ltd, Infineon Technologies AG, NexGen Energy Ltd, NXP Semiconductors NV, Qorvo Inc, Texas Instruments Inc, Toshiba Corporation |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.0% of the global gallium nitride semiconductor devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,550.0 million by 2030.
Power semiconductors was the largest segment with a revenue share of 41.56% in 2023. Horizon Databook has segmented the Middle East & Africa gallium nitride semiconductor devices market based on gan radio frequency devices, opto-semiconductors, power semiconductors covering the revenue growth of each sub-segment from 2018 to 2030.
The use of gallium nitride semiconductors is expected to be limited by the mass markets for silicon based semiconductor devices in the region. However, the region is anticipated to exhibit an impressive growth of 19.7% over the forecast period.
The major market demand for GaN devices is expected to come from the information & communications technology segment in the region. Immediate developments in the sector are expected in replacement of Si based semiconductor devices specifically in RF components and power devices.
Furthermore, the use of gallium nitride semiconductors in solar and wind energy infrastructure is also expected to boost the market growth over the forecast period. The increasing use of semiconductors for power control devices, smart grid power systems, new power applications, and satellite communications is also expected to be instrumental in market growth.
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Gallium Nitride Semiconductor Devices Market Scope
Gallium Nitride Semiconductor Devices Market Companies
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Middle East & Africa Gallium Nitride Semiconductor Devices Market Outlook Share, 2023 & 2030 (US$M)
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