According to the new market research report by IndustryArc titled "Gallium Nitride (GaN) Substrates Market: By Size (2, 4, 6, 8 Inches); By Type (GaN on Sapphire, GaN on Si, GaN on SiC, GaN on GaN); By Products (Laser, LED, PSD); By End Use Industry (Automotive, Healthcare, Consumer Electronics, General Lighting, Military, Communication, Optical Storage); By Application (Servers & data Centers, LiDAR, Wireless charging applications, Power Supply, UPS) By Geography - Forecast (2018-2023)", the market is driven by the growth of the LED (Light Emitting Diode) industry. The market value for LED is enhanced and this creates more demand for the substrates. The GaN LEDs are driven by the lighting segment.