Power GaN Devices Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 7.0 Billion by 2030, growing at a CAGR of 24.5% from 2024 to 2030.
The global Power GaN (Gallium Nitride) devices market was valued at approximately $1.8 billion in 2022. It is projected to experience a robust compound annual growth rate (CAGR) of around 27% from 2023 to 2030. This significant growth is driven by increasing adoption of GaN devices in various sectors such as automotive, consumer electronics, and industrial applications, thanks to their superior efficiency and performance compared to traditional silicon-based devices. The market's expansion is further fueled by advancements in technology and rising demand for high-frequency and high-power applications.
Emerging markets present substantial opportunities for the Power GaN devices sector. Regions such as Asia-Pacific are witnessing rapid growth due to escalating industrialization and advancements in electronics. Additionally, the shift towards renewable energy sources and electric vehicles (EVs) is expected to drive further demand for GaN technology, as it offers improved power density and efficiency crucial for these applications. Companies and investors should delve into these emerging regions and applications to capitalize on the ultimate market potential in the coming years.
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Efficient Power Conversion Corporation
Fujitsu limited
GaN Power
GaN systems
Infineon Technologies
Navitas Semiconductor
On Semiconductors
Panasonic Corporation
VisIC Technologies
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 Power GaN Devices Market
IT & Telecommunication
Automotive
Semiconductor & Electronics
Industrial
Aerospace & Defense
Others
Based on Types the Market is categorized into Below types that held the largest Power GaN Devices market share In 2023.
Below 200V
200V to 600V
Above 600V
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 Power 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 Power GaN Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Power GaN Devices Market, By Type
6. Global Power GaN Devices Market, By Application
7. Global Power GaN Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Power GaN Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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