Semiconductor Gallium Oxide Market

Market Perspective

The global Semiconductor Gallium Oxide Market 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.

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 on Semiconductor Gallium Oxide Market

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.

Market Dynamics

The surge in demand for advanced cell network infrastructure is creating new opportunities in the market. The expansion of the mobile network industry and the ever-increasing demand for faster and seamless network connectivity has led to the adoption of 5G technology, driving the market growth of advanced cell network infrastructure.

Additionally, the rise in popularity of IoT-based applications such as smart cities, autonomous vehicles, and home automation systems has further fueled the growth of the semiconductor gallium oxide market. Improved network capacity, coverage, and reliability are the key advantages of advanced cell network infrastructure.

The high cost associated with semiconductor gallium oxide poses a significant challenge to the market's growth. Gallium oxide is a relatively new material, and its production requires specialized equipment and processes. As a result, the cost of producing gallium oxide is high, which translates into a high cost for the end product. The high cost associated with gallium oxide limits its adoption in many applications, which in turn affects the overall semiconductor gallium oxide market growth. Therefore, the industry needs to focus on developing cost-effective ways of producing gallium oxide to increase its accessibility in various applications and foster its widespread adoption.

Segmentation Analysis

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

Based on the type, the semiconductor gallium oxide market is categorized into power & high voltage devices, electroluminescent devices, gas sensors, and others. The power & high voltage devices segment dominated the 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.

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.

 Geography Analysis

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

The Asia Pacific dominated the market share at 37.31% in 2022 and is expected to grow at a CAGR of 57.12% from 2023 to 2030. The Asia Pacific region has a large consumer base that demands high-end electronic devices, further boosting the need for gallium oxide in the region. Therefore, the synergistic presence of a large semiconductor industry and a growing technological landscape in the Asia Pacific region has led to the increased application of gallium oxide in the semiconductor industry in this region.

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. The major players in the semiconductor gallium oxide market are

• 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 Developments

• 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