Semiconductor Gallium Oxide Market

Semiconductor Gallium Oxide Market Size

The global Semiconductor Gallium Oxide Market size was valued at USD 7.57 million in 2022 and is projected to reach USD 196.23 million by 2030, growing at a CAGR of 51.75% from 2023 to 2030. In the scope of work, the report includes products offered by companies such as Aluminum Corporation of China Limited, Saint-Gobain, Super Conductor Materials Inc., Vital Materials Co., Limited., Absco Limited, Novel Crystal Technology, Inc., Hebei Suoyi New Material Technology Co., Ltd., AIXTRON, NEO, FLOSFIA Inc. and others.

The gallium oxide market is experiencing increased demand due to the robust growth of the semiconductor industry, along with the rising demand for consumer electronics, such as smartphones, LED lamps, and computers.

The anticipated growth of the APAC semiconductor market is projected to provide further impetus to this growth. Electronics and hardware manufacturers building manufacturing infrastructure in India aimed at catering to the domestic market, as well as the Middle East, Africa, and SAARC countries, are expected to be responsible for the semiconductor gallium oxide market expansion.

The limited availability of gallium is expected to impede the growth of its market in the coming years. Gallium is a byproduct of aluminum and zinc ore processing, implying that its production is dependent on these processes.

With the predicted decrease in the global aluminum production growth rate, the availability of gallium is also anticipated to decline. Furthermore, accurately forecasting gallium supply/demand is challenging, leading to more uncertainty regarding its market growth.

• For instance, this could result in the growth of some industries such as the semiconductor industry, which heavily relies on gallium, being hindered due to scarcity.

Analyst’s Review

The global market for semiconductor gallium oxide is highly consolidated, with three key market players - Chalco, Jinmei, and Neo Performance Materials - comprising over 70% of the global supply. Chalco, for example, is prioritizing expanding overall gallium production to increase revenue from this segment.

Furthermore, companies such as NANJING JINMEI GALLIUM CO., LTD. are increasing capital expenditure for research and development in order to produce more refined gallium.

In response to increasing competition, semiconductor gallium oxide market players are leveraging new technologies to gain a competitive advantage in the long term which is expected to fuel the market growth during the forecasted period.

Market Definition

Gallium oxide (Ga2O3) possesses the potential to serve as a substitute for or replacement of gallium nitride (GaN) in power conversion devices. A significant advantage of gallium oxide over GaN is its bulk growth capability, as bulk gallium nitride and even GaN thin films tend to have structural defects that impact device performance.

Additionally, gallium oxide allows for enhanced efficiency owing to its ability to operate at higher voltage levels. This increased voltage capacity makes it an attractive option for specific applications such as electric vehicles, wherein higher voltage transistor performance is needed for inverters or converters, electric trains that require super high-powered devices, and other applications aside from power conversion, including but not limited to gas sensors.

Semiconductor Gallium Oxide Market Dynamics

Market Growth Factors:

• Surge in Advanced Cell Network Infrastructure: The increasing demand for advanced cell network infrastructure is creating new opportunities in the market.
• Mobile Network Expansion and 5G Adoption: The growth of the mobile network industry and the rising demand for faster, seamless network connectivity have led to the adoption of 5G technology, which in turn drives the market for advanced cell network infrastructure.
• Rise of IoT-Based Applications: The increasing popularity of applications like smart cities, autonomous vehicles, and home automation systems, which rely on IoT, has further fueled the growth of the semiconductor gallium oxide market.

Market Trend:

• Improved Network Performance: A key advantage of advanced cell network infrastructure is its ability to provide improved network capacity, coverage, and reliability.

Market Challenges:

• High Cost of Gallium Oxide: The significant cost associated with semiconductor gallium oxide poses a major challenge to the market's growth.
• Specialized Production: As a relatively new material, gallium oxide requires specialized equipment and processes for its production, resulting in a high cost for the end product.
• Limited Adoption: The high cost of gallium oxide restricts its adoption in many applications, which negatively impacts the overall semiconductor gallium oxide market growth.
• Need for Cost-Effective Production: To address this challenge, the industry needs to focus on developing more affordable ways to produce gallium oxide to increase its accessibility and encourage widespread adoption.

Segmentation Analysis

The global market is segmented based on type, technology, and geography.

By Type

Based on the type, the market is categorized into power & high voltage devices, electroluminescent devices, gas sensors, and others. The power & high voltage devices segment dominated the semiconductor gallium oxide market share at 42.36% in 2022. The gallium oxide market has diverse applications in high-voltage and power devices.

The capability of gallium oxide to operate with higher breakdown voltages enables superior performance in comparison to conventional power devices made of silicon and silicon carbide.

The use of gallium oxide enhances the efficiency of devices like High Electron Mobility Transistors (HEMTs) and Schottky diodes. Gallium Oxide-based devices are capable of high-frequency and high-power switching, boosting the overall performance of electric power systems.

By Technology

Based on the technology, the semiconductor gallium oxide market is segmented into molecular beam epitaxy, chemical vapor deposition, chemical synthesis, thermal vaporization and sublimation, and others.

The molecular beam epitaxy segment generated the highest revenue of USD 2.90 million in 2022. Gallium oxide is an essential material with various applications in the field of molecular beam epitaxy (MBE).

The MBE process utilizes gallium oxide as a dopant source, which helps in the growth of high-quality epitaxial films. Gallium oxide is used as a source of gallium atoms during the MBE process, and the quantity of gallium oxide needed for a deposition process is dependent on the size of the substrate being used.

Gallium oxide is used in MBE to manufacture optoelectronic devices such as blue and green light-emitting diodes, lasers, and photodetectors.

Semiconductor Gallium Oxide Market Regional Analysis

Based on regional analysis, the global market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

What makes the Asia-Pacific region a significant market for semiconductor gallium oxide?

• High Demand for Electronics: The Asia-Pacific region has a huge number of consumers who are looking for high-end electronic devices, which directly increases the need for gallium oxide.
• Strong Semiconductor Industry: There's a powerful and expanding semiconductor industry already present in Asia-Pacific.
• Evolving Technology: The region also boasts a growing technological landscape, which works together with the semiconductor industry to boost the use of gallium oxide.

Market Trend:

Leading Market Share: In 2022, the Asia-Pacific market for semiconductor gallium oxide was quite substantial, holding about 37.31% of the global market share and valued at USD 2.8 million. This indicates its strong position and increasing application of gallium oxide in the region's semiconductor industry.

Competitive Landscape

The global semiconductor gallium oxide industry study report will provide valuable insight with an emphasis on the fragmented nature of the global market. 

Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their respective market shares across different regions.

Expansion & investments involve a range of strategic initiatives including investments in R&D activities, new manufacturing facilities, and supply chain optimization.

Key Companies in Semiconductor Gallium Oxide Market

• Aluminum Corporation of China Limited
• Saint-Gobain
• Super Conductor Materials Inc.
• Vital Materials Co., Limited.
• Absco Limited
• Novel Crystal Technology, Inc.
• Hebei Suoyi New Material Technology Co., Ltd.
• AIXTRON
• NEO
• FLOSFIA Inc.

Key Industry Development

• March 2023 (Product Innovation) -Huawei has introduced a new 600kW supercharging pile, exclusively designed for AITO, in their base at Bantian Street, Shenzhen. The charging pile is called FusionCharge DC Supercharging Terminal and is manufactured by Huawei Digital Power Technologies Co., Ltd. The charging pile can output voltages ranging from 200-1000V, a maximum output current of 600A, maximum output power of 600kW and uses liquid cooling to maintain optimal performance.

The Global Semiconductor Gallium Oxide Market is Segmented as:

By Type

• Power & High Voltage Devices
• Electroluminescent Devices
• Gas Sensors
• Others

By Technology

• Molecular Beam Epitaxy
• Chemical Vapor Deposition
• Chemical Synthesis
• Thermal Vaporization and Sublimation
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America