Gallium oxide is one of the emerging WBG materials, which is exponentially expediting in the semiconductor market. WBG material’s strengths and bottlenecks are strongly affecting the growth of its market driving applications. The critical factors of gallium oxide materials that are responsible for its adoption in the market are reliability, compact size, high efficiency, fast switching speed, and temperature range, among others. Researchers and industry experts are harnessing these qualities and integrating the materials with their application segments. WBG semiconductor materials are poised to pave the way for innovations and developments in the electronics industry.
The silicon material market is mature and has applications in the power electronics industry. The electronic industry is using large Si wafers for integrations in electronic devices. The silicon industry has reached its theoretical limits of further improvement in the overall yield of a semiconductor device. The gallium oxide material overshadows the performance of Si materials driven by factors such as the reduction in energy losses, the ability to deal with high voltage operations, high operating frequency, and high-power density. Catering to the growing demands for this WBG material, government bodies are also coming up with research initiatives and studies to strategize the widespread pallet of applications of gallium oxide. Giant players of the semiconductor industry are utilizing their resources and updating their traditional silicon-based devices with gallium oxide technology, a new and more efficient technology in the market. Partnerships and collaborations are the key strategies followed by companies in the ecosystem.
There are several lucrative avenues for various stakeholders when it comes to the consumption of gallium oxide. One of the major advantages of gallium oxide is that it can be developed from its molten state and thus can be utilized for the production of good quality crystals at a mass scale. Its major potential usage in the power electronics industry and its favorable properties of having a large bandgap and high critical electric field strength help in expanding its usage in a wide range of end-use industries. The major trends observed for the usage of gallium oxide are in computer processor chips, transistors, diodes, photodetectors, and aerospace and defense industries.
Business strategies provide an organization the edge to understand its key business strategy in the industry, its current competitors, and potential future competitors that might have made their way into the market. This section details the latest strategies and developments adopted by the key market players in the global gallium oxide market. In order to lead the market as well as engage in the process of market growth, a company needs to bring new products to the market, invest toward innovations, and collaborate with other top tier-1 component providers to further strengthen its market position. The global gallium oxide market has witnessed several strategic and technological developments in the past few years, undertaken by different market players to attain their respective market shares in this emerging domain.
Some of the strategies covered in this segment are product development and other market development. The following figure shows the percentage of strategies adopted by the market players. The key players in the gallium oxide market are coming up with different product launch activities in order to generate public awareness about their existing and new products related benefits and technologies. Product launches have also helped these companies to compete with the competitors’ product portfolio. This strategy has been widely adopted by the players in this market.
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North America is currently dominating the gallium oxide technology market on a large scale. North America lays a strong focus on grasping the gallium oxide semiconductor device market. The gallium oxide market in North America is evolving considerably. It is extremely competitive with some of the major players within the industry operating in this region, driving widespread adoption of advanced technologies. In order to achieve ultimate goals, the region is striding forward to be a pivotal part of this revolution. The growth of the gallium oxide market in the region is expected to propel, and an increase in the manufacturing activities in the U.S. and Canada is also being anticipated to boost the production of gallium oxide in the region. Moreover, the local players of the U.S. and Canada are also entering into mergers, acquisitions, collaborations, and partnerships, fueling the gallium oxide market in the region. Furthermore, with the introduction and subsequent rise in sales of power electronic devices, the gallium oxide is expected to become a must-have product in the semiconductor industry. Additionally, the government is also participating in the development of gallium oxide technology for different countries of the North America region, advancing at a considerable pace.
UPCOMING INDUSTRY TRENDS 