According to TechNavio, one of the key factors contributing to market growth in semiconductors is the high thermal conductivity of gallium nitride over other non-silicon substrates .

The gallium nitride semiconductor devices market has been witnessing the increasing preference for GaN with different substrates, GaN devices market to soar at a CAGR of 18 %. However, the complexity in matching the cost and performance could pose a challenge to the growth of this market.

TechNavio's report, the "Global Gallium Nitride Semiconductor Devices Market 2012-2016", has been prepared based on an in-depth market analysis with inputs from industry experts.

TechNavio pointed out that the key vendors dominating this market space are NXP, RFMD and Triquint. New players include Plessey Semiconductor based in the UK. The other vendors mentioned in the report are Nichia., Osram Opto, Royal Philips Electronics N.V. and Toyoda Gosei Co. Ltd.