Gallium
LED
Semiconductors
resr
Buy Gallium
Raw material producers:
China, Russia, Japan
Areas of application:
LED (automotive industry, consumer electronics, lighting systems)
Semiconductors (microchips, high-performance processors, virtual reality, military technology)
CIGS thin-film solar cells
Market forecasts:
- The LED market is expected to grow at a compound annual growth rate (CAGR) of 8.5 % until 2029.1
- The semiconductor industry expects the global market for gallium nitride devices to grow at a CAGR of 6.1% by 2028.2
- The market for semiconductors in military technology is estimated to grow from USD 5.2 billion in 2023 to USD 8.7 billion in 2032.3
- The annual global demand for gallium from the photovoltaic sector is forecast to increase from three tonnes in 2020 to a maximum of 91 tonnes in 2050.4
1) eia.gov/todayinenergy/detail.php?id=49816
2) https://publications.jrc.ec.europa.eu/repository/bitstream/JRC132889/JRC132889_01.pdf
3) deloitte.com/us/en/insights/industry/technology/technology-media-telecom-outlooks/semiconductor-industry-outlook.html
4) publications.jrc.ec.europa.eu/repository/bitstream/JRC132889/JRC132889_01.pdf