Market Overview:
The global aluminium gallium phosphide market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for aluminium gallium phosphide in various applications such as aerospace, consumer electronics, automotive and others. Additionally, the growing demand for LED lighting is also contributing to the growth of this market. However, factors such as high manufacturing cost and limited supply may restrain the growth of this market during the forecast period.
Product Definition:
Aluminium Gallium Phosphide is a type of semiconductor material that can be used to create transistors, LEDs, and solar cells. It is important for its ability to convert electricity into light very efficiently, making it a desirable material for use in LED lights and solar cells.
Solid:
Solid is a material that has consistent properties throughout its volume. It can be crystalline or amorphous depending on the conditions of preparation and processing. Solids are classified into three categories based on their macroscopic appearance: solid, liquid, and gas. The most commonly known solid forms are ceramics (including silicon carbide), metals (including aluminum), and polymers ( including PVC).
Powder:
Powder is a mixture of solid particles and liquid, which are both used in the production of AGP. The most commonly used raw material for powder production is aluminum. Other materials include bauxite, ceramics, calcium carbonate, talc and other rare earth metals such as neodymium and samarium.
Application Insights:
The global market is segmented by application into aerospace, consumer electronics, automotive and other applications. The automotive application segment accounted for the largest volume share of over 30% in 2017. Automotive is expected to be one of the fastest-growing segments over the forecast period owing to increasing demand for lightweight materials that reduce fuel consumption and emissions.
Aluminum gallium phosphide (AGP) offers superior properties such as weight reduction, thermal conductivity enhancement and corrosion resistance when compared with conventional materials used in automobiles. It has been used extensively in manufacturing vehicle components including gear knob, air intake manifold & ducts, headlamp bezels & reflectors along with engine components including cylinder head cover gaskets & spark plug boots on account of its high strength-to-weight ratio.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing automotive production in countries such as Japan and South Korea coupled with increasing consumer electronics manufacturing in China is likely to drive industry growth over the coming years.
The aerospace sector has witnessed significant development across Asia Pacific owing to growing passenger traffic on a global scale. This has led various governments across this region adopt strategies that include investments for new aircraft or helicopters as well as modernization of existing fleet operations at airports/aerodromes for sustainable growth of aviation sector which would subsequently drive industry expansion over the next eight years from 2018 to 2030 time frame.
Growth Factors:
- Increasing demand from the optoelectronics and LED sectors: The global optoelectronics market is expected to grow at a CAGR of more than 9% during the forecast period. This is mainly due to the increasing demand for high-speed data communication, miniaturization, and energy efficiency across various applications such as consumer electronics, telecommunications, automotive, and healthcare. Aluminium gallium phosphide (AlGaP) LEDs are used in a wide range of applications such as signage, backlighting for LCDs/OLEDs displays, automotive lighting systems (headlights/taillights), general illumination (streetlights/home lighting), and camera flashes. Thus, the growing demand for optoelectronics is expected to drive the growth of the AlGaP market during the forecast period.
- Rising investments in R&D: The key players in this market are investing heavily in R&D to develop new products that can cater to different application segments. For instance, Intersil Corporation has developed a new family of high-brightness red AlGaP LEDs that offer improved performance over incumbent products available in the market. Such product innovations will help boost adoption rates among consumers and help fuel growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminium Gallium Phosphide Market Research Report
By Type
Solid, Powder
By Application
Aerospace, Consumer Electronics, Automotive, Others
By Companies
American Elements, Britannica, Macom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Aluminium Gallium Phosphide Market Report Segments:
The global Aluminium Gallium Phosphide market is segmented on the basis of:
Types
Solid, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Consumer Electronics, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Elements
- Britannica
- Macom
Highlights of The Aluminium Gallium Phosphide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid
- Powder
- By Application:
- Aerospace
- Consumer Electronics
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminium Gallium Phosphide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminium gallium phosphide is a material that has the ability to conduct electricity. It is also a strong magnet and can be used in hard drives and other electronic devices.
Some of the major players in the aluminium gallium phosphide market are American Elements, Britannica, Macom.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminium Gallium Phosphide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminium Gallium Phosphide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminium Gallium Phosphide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminium Gallium Phosphide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminium Gallium Phosphide Market Size & Forecast, 2020-2028
4.5.1 Aluminium Gallium Phosphide Market Size and Y-o-Y Growth
4.5.2 Aluminium Gallium Phosphide Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solid
5.2.2 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Consumer Electronics
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminium Gallium Phosphide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminium Gallium Phosphide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solid
9.6.2 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Consumer Electronics
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solid
10.6.2 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Consumer Electronics
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solid
11.6.2 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Consumer Electronics
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solid
12.6.2 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Consumer Electronics
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solid
13.6.2 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Consumer Electronics
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminium Gallium Phosphide Market: Competitive Dashboard
14.2 Global Aluminium Gallium Phosphide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 Britannica
14.3.3 Macom
