Power GaN Devices Market is Projected to Reach US$ 2.5 Billion, at a CAGR of 40.6% During the Forecast Period of 2022-31| Transparency Market Research, Inc.

WILMINGTON, DE / ACCESSWIRE / November 30, 2022 / Transparency Market Research Inc. - Increased preference of GaN devices over silicon-based devices is attributed to better performance attributes, notably high energy efficiency and reliability in power applications. Rising demand from consumer electronics, automotive, and IT & telecom industries is contributing to the power GaN devices market size. The global market is projected to expand at a robust CAGR of 40.6% from 2022 to 2031 (forecast period).

Gallium nitride semiconductor manufacturers are exploring niche applications in the EV/HEV inverter technology to gain power GaN devices market share. The increasing trend of miniaturization of power electronics is broadening the canvas for new product development for GaN device manufacturers, especially GaN devices below 200V. The demand for devices that fall in this range is estimated to rise at a promising pace in order to cater for substantial applications in power supplies, power amplifiers, and chargers. The study found that 200V - 600V GaN is also a lucrative segment.

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Key Findings of Power GaN Devices Market Study

• Preference of GaN-based Discrete Power Devices Generating Sizable Revenue Streams: GaN-based architecture is gathering traction in discrete power devices. The segment held a major market share in 2021. Massive demand from consumer electronics underpins enormous growth opportunities. Of note, firms are tapping into the growing utilization of GaN devices in range of portable consumer electronics, USB chargers, and wireless chargers. Key benefits of GaN architectures include higher switching frequencies and remarkably high power densities. They are developing GaN-based mobile phone chargers to capture competitive value. Manufacturers of GaN devices are witnessing substantial revenue streams from the growing application of these in improving industrial power supply.
• Demands from 5G Infrastructure and Next-gen Data Centers Create Tremendous Growth Prospects: Rising investments in 5G infrastructure development in various countries has spurred the demand for power GaN devices. Some of the lucrative applications are use in power amplifiers, RF radios, antenna modules, MIMO systems, and base transceiver station (BTS). On the other hand, development of next-gen data centers present value-grab opportunity for players in the global power GaN devices market.

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Key Drivers

• Steadily growing investments of mobile operators in 5G infrastructure is a key factor driving the power GaN devices market
• Proliferating numbers of data centers and growing trend of adopting advanced semiconductor technology in those are expanding demand in the market
• Growing demand for high-performance power-switching devices in industrial and commercial applications is enriching the revenue potential of the market
• Strides made in consumer electronic manufacturing technologies have boosted the market prospects

Power GaN Devices Market: Regional Growth Dynamics

• Asia Pacific held a major market share in 2021. China and Japan have emerged as highly lucrative markets in the region, and each is projected to expand at a robust CAGR during the forecast period. Revenues in China market are increasingly fueled by rapid advances made by domestic semiconductor industry in recent decades.
• North America is also estimated to be a lucrative market and it held a market share of 28.4% in the same year. Tremendous strides made in semiconductor industry in the U.S. have reinforced the market growth. Furthermore, advancements made in GaN wafer technologies have expanded the horizon for market players.

Competition Landscape

Some of the key market players are VisIC Technologies, Transphorm Inc., SOITEC, Panasonic Corporation, NexGen Power Systems, Navitas Semiconductor, Infineon Technologies, GaN Power Inc., and Fujitsu limited.

Firms in the power GaN devices market are committing sizable funds aimed toward product portfolio expansion. Moreover, key players are focusing on mergers and acquisitions as a growth strategy.

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Power GaN Devices Market Segmentation

• Device Type
  • Integrated Power Devices
  • Discrete Power Devices
• Voltage
  • Below 200V
  • 200-600V
  • Above 600V
• End-use Industry
  • IT & Telecommunication
  • Automotive
  • Semiconductor & Electronics
  • Industrial
  • Aerospace & Defense
  • Others (Energy & Utilities, Healthcare, etc.)

Regions Covered

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Countries Covered

• U.S.
• Canada
• The U.K.
• Germany
• France
• China
• India
• Japan
• South Korea
• ASEAN
• GCC
• South Africa
• Brazil

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