GaN LED Chips Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024–2032
The Global GaN LED Chips Market reached USD 27.5 billion in 2023 and is expected to grow at 9% CAGR from 2024 to 2032. The increasing adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS) is driving the demand for GaN LED chips, enhancing vehicle efficiency and safety. GaN LED chips are crucial in advancing display technologies, particularly in micro-LED displays. The displays offer superior brightness, color accuracy, and longevity compared to traditional LCDs and OLEDs. High-end consumer electronics, such as smartphones, televisions, and wearables, are increasingly adopting these displays.
The trend towards thinner and more power-efficient displays is boosting the use of GaN LED chips. The industry value from consumer electronics segment is projected to grow at a CAGR of over 10% during the forecast period. GaN LED chips are essential in consumer electronics, powering devices that require high-quality display and illumination. Applications include televisions, computer monitors, smartphones, and tablets.
Their high brightness, color accuracy, and energy efficiency make them the preferred choice for backlighting displays and enhancing visual experiences. The market categorizes wafer sizes into 2-inch, 4-inch, 6-inch, and 8-inch. The 2-inch segment is expected to dominate by 2032. The 2-inch segment refers to the size of LED chips used in applications requiring compact and precise lighting solutions. These chips are commonly used in small-scale lighting fixtures, portable devices, and compact electronics where space is limited.
GaN LED chips of this size offer high brightness and efficiency while fitting into smaller form factors. Their reliable performance in a compact size makes them suitable for various specialized applications. North America led the global GaN LED Chips market in 2023, accounting for over 35% of the market share. The United States and Canada are leaders in adopting advanced lighting technologies.
The region's focus on energy conservation and replacing traditional lighting systems with LED solutions has significantly boosted the demand for GaN LED chips. Major semiconductor companies and research institutions in the U.S. have contributed to the development and commercialization of GaN-based products. The automotive and consumer electronics industries are key sectors driving the market in North America. The region is also seeing growing interest in GaN technology for emerging applications such as Li-Fi, which is expected to further expand the market in the coming years.
The trend towards thinner and more power-efficient displays is boosting the use of GaN LED chips. The industry value from consumer electronics segment is projected to grow at a CAGR of over 10% during the forecast period. GaN LED chips are essential in consumer electronics, powering devices that require high-quality display and illumination. Applications include televisions, computer monitors, smartphones, and tablets.
Their high brightness, color accuracy, and energy efficiency make them the preferred choice for backlighting displays and enhancing visual experiences. The market categorizes wafer sizes into 2-inch, 4-inch, 6-inch, and 8-inch. The 2-inch segment is expected to dominate by 2032. The 2-inch segment refers to the size of LED chips used in applications requiring compact and precise lighting solutions. These chips are commonly used in small-scale lighting fixtures, portable devices, and compact electronics where space is limited.
GaN LED chips of this size offer high brightness and efficiency while fitting into smaller form factors. Their reliable performance in a compact size makes them suitable for various specialized applications. North America led the global GaN LED Chips market in 2023, accounting for over 35% of the market share. The United States and Canada are leaders in adopting advanced lighting technologies.
The region's focus on energy conservation and replacing traditional lighting systems with LED solutions has significantly boosted the demand for GaN LED chips. Major semiconductor companies and research institutions in the U.S. have contributed to the development and commercialization of GaN-based products. The automotive and consumer electronics industries are key sectors driving the market in North America. The region is also seeing growing interest in GaN technology for emerging applications such as Li-Fi, which is expected to further expand the market in the coming years.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Growing adoption in automotive lighting
3.8.1.2 Expansion of smart lighting solutions
3.8.1.3 Advancements in display technologies
3.8.1.4 Technological innovations and product developments
3.8.1.5 Increasing demand in industrial applications
3.8.2 Industry pitfalls & challenges
3.8.2.1 Technical challenges and reliability issues
3.8.2.2 Competition from alternative technologies
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021-2032 (USD MILLION & UNITS)
5.1 Key trends
5.2 Blue LED Chips
5.3 Green LED Chips
5.4 UV LED Chips
5.5 Others (Red, Amber, etc.)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2021-2032 (USD MILLION & UNITS)
6.1 Key trends
6.2 Standard GaN LEDs
6.3 Thin-Film GaN LEDs
6.4 Vertical GaN LEDs
6.5 Flip-Chip GaN LEDs
6.6 Others
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY WAFER SIZE, 2021-2032 (USD MILLION & UNITS)
7.1 Key trends
7.2 2-inch
7.3 4-inch
7.4 6-inch
7.5 8-inch
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END-USE, 2021-2032 (USD MILLION & UNITS)
8.1 Key trends
8.2 Automotive
8.3 Consumer electronics
8.4 Defense & aerospace
8.5 Industrial & power
8.6 Information & communication technology
8.7 Others
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY SUBSTRATE TYPE, 2021-2032 (USD MILLION & UNITS)
9.1 Key trends
9.2 Sapphire
9.3 Silicon Carbide (SiC)
9.4 Silicon (Si)
9.5 Gallium Nitride (GaN)
9.6 Others
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2032 (USD MILLION & UNITS)
10.1 Key trends
10.2 General lighting
10.2.1 Residential lighting
10.2.2 Commercial lighting
10.2.3 Industrial lighting
10.2.4 Outdoor lighting
10.3 Backlighting
10.3.1 TV backlighting
10.3.2 Smartphone and tablet displays
10.3.3 Laptop and monitor displays
10.4 Automotive lighting
10.4.1 Headlights
10.4.2 Taillights
10.4.3 Interior lighting
10.4.4 Daytime running lights (DRLs)
10.4.5 Indicator lights
10.5 Display & signage
10.5.1 Digital billboards
10.5.2 Indoor digital signage
10.5.3 Outdoor displays
10.5.4 Traffic signals
10.6 Specialty lighting
10.6.1 Horticultural lighting
10.6.2 Ultraviolet (UV) curing
10.6.3 Medical devices and equipment
10.6.4 Stage and studio lighting
10.7 Others
10.7.1 Wearable devices
10.7.2 Optical storage devices
10.7.3 Projectors and projection systems
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD MILLION & UNITS)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 ANZ
11.4.6 Rest of Asia Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest of Latin America
11.6 MEA
11.6.1 UAE
11.6.2 South Africa
11.6.3 Saudi Arabia
11.6.4 Rest of MEA
CHAPTER 12 COMPANY PROFILES
12.1 Aixtron SE
12.2 Aledia
12.3 Allegro MicroSystems
12.4 Bridgelux
12.5 Cree, Inc.
12.6 Efficient Power Conversion Corporation
12.7 Epileds Technologies, Inc.
12.8 Epistar
12.9 Fujitsu Ltd.
12.10 GaNPower International Inc.
12.11 Infineon Technologies AG
12.12 Lumileds Holding B.V.
12.13 Navitas Semiconductor
12.14 Qorvo, Inc.
12.15 SemiLEDs Corporation
12.16 Sumitomo Electric Industries, Ltd.
12.17 Veeco Instruments Inc.
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Growing adoption in automotive lighting
3.8.1.2 Expansion of smart lighting solutions
3.8.1.3 Advancements in display technologies
3.8.1.4 Technological innovations and product developments
3.8.1.5 Increasing demand in industrial applications
3.8.2 Industry pitfalls & challenges
3.8.2.1 Technical challenges and reliability issues
3.8.2.2 Competition from alternative technologies
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021-2032 (USD MILLION & UNITS)
5.1 Key trends
5.2 Blue LED Chips
5.3 Green LED Chips
5.4 UV LED Chips
5.5 Others (Red, Amber, etc.)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2021-2032 (USD MILLION & UNITS)
6.1 Key trends
6.2 Standard GaN LEDs
6.3 Thin-Film GaN LEDs
6.4 Vertical GaN LEDs
6.5 Flip-Chip GaN LEDs
6.6 Others
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY WAFER SIZE, 2021-2032 (USD MILLION & UNITS)
7.1 Key trends
7.2 2-inch
7.3 4-inch
7.4 6-inch
7.5 8-inch
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END-USE, 2021-2032 (USD MILLION & UNITS)
8.1 Key trends
8.2 Automotive
8.3 Consumer electronics
8.4 Defense & aerospace
8.5 Industrial & power
8.6 Information & communication technology
8.7 Others
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY SUBSTRATE TYPE, 2021-2032 (USD MILLION & UNITS)
9.1 Key trends
9.2 Sapphire
9.3 Silicon Carbide (SiC)
9.4 Silicon (Si)
9.5 Gallium Nitride (GaN)
9.6 Others
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2032 (USD MILLION & UNITS)
10.1 Key trends
10.2 General lighting
10.2.1 Residential lighting
10.2.2 Commercial lighting
10.2.3 Industrial lighting
10.2.4 Outdoor lighting
10.3 Backlighting
10.3.1 TV backlighting
10.3.2 Smartphone and tablet displays
10.3.3 Laptop and monitor displays
10.4 Automotive lighting
10.4.1 Headlights
10.4.2 Taillights
10.4.3 Interior lighting
10.4.4 Daytime running lights (DRLs)
10.4.5 Indicator lights
10.5 Display & signage
10.5.1 Digital billboards
10.5.2 Indoor digital signage
10.5.3 Outdoor displays
10.5.4 Traffic signals
10.6 Specialty lighting
10.6.1 Horticultural lighting
10.6.2 Ultraviolet (UV) curing
10.6.3 Medical devices and equipment
10.6.4 Stage and studio lighting
10.7 Others
10.7.1 Wearable devices
10.7.2 Optical storage devices
10.7.3 Projectors and projection systems
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD MILLION & UNITS)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 ANZ
11.4.6 Rest of Asia Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest of Latin America
11.6 MEA
11.6.1 UAE
11.6.2 South Africa
11.6.3 Saudi Arabia
11.6.4 Rest of MEA
CHAPTER 12 COMPANY PROFILES
12.1 Aixtron SE
12.2 Aledia
12.3 Allegro MicroSystems
12.4 Bridgelux
12.5 Cree, Inc.
12.6 Efficient Power Conversion Corporation
12.7 Epileds Technologies, Inc.
12.8 Epistar
12.9 Fujitsu Ltd.
12.10 GaNPower International Inc.
12.11 Infineon Technologies AG
12.12 Lumileds Holding B.V.
12.13 Navitas Semiconductor
12.14 Qorvo, Inc.
12.15 SemiLEDs Corporation
12.16 Sumitomo Electric Industries, Ltd.
12.17 Veeco Instruments Inc.
