Automotive Grade GaN Devices Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 5.7 Billion by 2030, growing at a CAGR of 18.2% from 2024 to 2030.
The Automotive Grade GaN (Gallium Nitride) Devices market has demonstrated significant growth, valued at approximately $1.5 billion in 2022. The sector is anticipated to experience a robust compound annual growth rate (CAGR) of around 30% from 2022 to 2030. This rapid expansion is driven by the increasing demand for high-efficiency power electronics in automotive applications, particularly within electric vehicles (EVs) and advanced driver-assistance systems (ADAS). The shift towards electric and hybrid vehicles is propelling the adoption of GaN technology due to its superior performance characteristics, including high efficiency and thermal conductivity compared to traditional silicon-based devices.
Opportunity analysis reveals that emerging markets are pivotal to the growth trajectory of automotive-grade GaN devices. Regions such as Asia-Pacific, with its burgeoning automotive industry and substantial investments in EV infrastructure, present considerable growth prospects. The escalating focus on reducing vehicle emissions and enhancing energy efficiency further accelerates the demand for GaN technology. Additionally, advancements in automotive electronics and the increasing complexity of vehicle systems underscore the potential for expanded adoption of GaN devices. This evolving landscape offers significant opportunities for market participants to capitalize on the rising trend of automotive electrification and technological innovations.
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IQE
Navitas
Efficient Power Conversion
GaN Systems
Texas Instruments
Transphorm
VisIC Technologies
STMicroelectronics
Nexperia
Toyota Gosei
JT Microelectronics
GaNational
Innoscience
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Grade GaN Devices Market
Traction Inverters
DC-to-DC Converters
LiDAR
On Board Charging
Others
Based on Types the Market is categorized into Below types that held the largest Automotive Grade GaN Devices market share In 2023.
Power Devices
Opto Devices
RF Devices
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Grade GaN Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Grade GaN Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Grade GaN Devices Market, By Type
6. Global Automotive Grade GaN Devices Market, By Application
7. Global Automotive Grade GaN Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Grade GaN Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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