GaN Power Device Market by Device (GaN Power Discrete Devices, GaN Power ICs, GaN Power Module), Industry Vertical (Consumer Electronics, IT & Telecommunication, Automotive, Aerospace & Defense, Others (Industrial and Healthcare)

At present, North America and Europe combined together lead the GaN power device market and are expected to maintain dominance over the next few years as well. Moreover, the increase in investment from the Europe Space Agency (ESA) on GaN power devices for several space projects and increase in the usage of GaN-based transistors in the defense operations in North America will help the GaN power devices market gain traction in upcoming years.

According to a new report published by Allied Market Research, titled;"GaN Power Devices Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2022," the global GaN power devices market was valued at $16 million in 2015, and is projected to reach $273 million by 2022, growing at a CAGR of 49.8% from 2016 to 2022. The GaN power modules segment contributed over 45% of the share among other GaN power devices in 2015.

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In power electronics, a power device is a semiconductor device that is used as a switch or rectifier; for instance, a switch-mode power supply (SMPS). The power devices, which use gallium nitride (GaN) as the semiconductor material, are known as GaN power devices. GaN power devices diminish the overall energy loss of the system. Unlike the conventional transistors that need larger chip area to decrease on-resistance, GaN devices offer compact sizes and hence, provide high-speed switching and size contraction of the overall system.

Factors that assist the market growth include decline in prices, better performance as compared to silicon carbide (SiC) devices, rise in demand for GaN devices for wireless charging, increase in adoption of GaN devices in electric vehicles, and growth in requirement of GaN devices in commercial RF applications. However, lack of availability of GaN material restrains the market growth. Government initiatives for high-voltage direct current (HVDC) and smart grid are anticipated to provide numerous opportunities for market growth during the forecast period.

In 2015, GaN power modules contributed over 45% share in the market, and is expected to maintain its dominant position throughout the forecast period, owing to the vast demand of power modules that run on high voltage with the priority of minimum current loss. Moreover, North America region is the major revenue contributor, owing to large IT & Telecommunication industry, rise in sale of consumer electronic products, and increase in demand for electric vehicles utilizing power devices for energy transaction on wide scale.

IT & telecommunication segment dominated the overall market with nearly 30% share in GaN power devices market in 2015. This high share attributed by the ability of GaN power devices to be used for high voltage as well as low voltage switches in DC-DC converters, which are incorporated in power supplies for equipment used for data communications systems, servers, and other devices. The swift rise in sale of consumer electronic equipment globally drive the need for GaN power devices market.

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In 2015, North America accounted for nearly half of the GaN power devices market, and is expected to retain its dominant position, owing to the presence of well-established telecommunication industry, rise in demand of electric vehicles, and increase in sale of consumer electronic devices.

The major companies profiled in the report include Efficient Power Conversion Corporation (EPC), GaN Systems, On Semiconductors, Panasonic Corporation, VisIC, Texas Instruments Inc., Toshiba Corporation, Fujitsu Limited, Infineon Technologies AG, and Taiwan Semiconductor Manufacturing Company.

Key Findings of the GaN Power Devices Market:

• In terms of revenue, GaN power modules held the maximum market share, and are expected to maintain its lead throughout the forecast period.
• GaN power ICs are expected to grow at the higher CAGR during the forecast period.
• In 2015, the IT & telecommunications industry vertical held nearly one-third market share, which was the highest among all the industry verticals.
• North America is expected to continue dominating the market in the future. In 2015, the region accounted for over 45% share globally.

LIST OF TABLES

TABLE 1. GLOBAL GAN POWER DEVICES MARKET, BY DEVICE, 2014-2022 ($MILLION)
TABLE 2. GLOBAL GAN POWER DISCRETE DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 3. GLOBAL GAN POWER ICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4. GLOBAL GAN POWER MODULE MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5. GLOBAL GAN POWER DEVICES MARKET, BY INDUSTRY VETRICAL, 2014-2022 ($MILLION)
TABLE 6. GLOBAL CONSUMER ELECTRONICS GAN POWER DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7. GLOBAL IT & TELECOMMUNICATION GAN POWER DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8. GLOBAL AUTOMOTIVE GAN POWER DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9. GLOBAL AEROSPACE & DEFENSE GAN POWER DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10. GLOBAL OTHERS GAN POWER DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11. GAN POWER DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 12. NORTH AMERICA: GAN POWER DEVICES MARKET, BY DEVICE, 2014-2022 ($MILLION)
TABLE 13. NORTH AMERICA: GAN POWER DEVICES MARKET, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 14. NORTH AMERICA: GAN POWER DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 15. EUROPE: GAN POWER DEVICES MARKET, BY DEVICE, 2014-2022 ($MILLION)
TABLE 16. EUROPE: GAN POWER DEVICES MARKET, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 17. EUROPE: GAN POWER DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 18. ASIA-PACIFIC: GAN POWER DEVICES MARKET, BY DEVICE, 2014-2022 ($MILLION)
TABLE 19. ASIA-PACIFIC: GAN POWER DEVICES MARKET, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 20. ASIA-PACIFIC: GAN POWER DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 21. LAMEA: GAN POWER DEVICES MARKET, BY DEVICE, 2014-2022 ($MILLION)
TABLE 22. LAMEA: GAN POWER DEVICES MARKET, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 23. LAMEA: GAN POWER DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 24. EFFICIENT POWER CONVERSION CORPORATION: COMPANY SNAPSHOT
TABLE 25. EFFICIENT POWER CONVERSION CORPORATION: OPERATING SEGMENTS
TABLE 26. FUJITSU: COMPANY SNAPSHOT
TABLE 27. FUJITSU: OPERATING SEGMENTS
TABLE 28. GAN SYSTEMS INC.: COMPANY SNAPSHOT
TABLE 29. GAN SYSTEMS INC.: OPERATING SEGMENTS
TABLE 30. INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 31. INFINEON TECHNOLOGIES AG: OPERATING SEGMENTS
TABLE 32. ON SEMICONDUCTOR: COMPANY SNAPSHOT
TABLE 33. ON SEMICONDUCTOR: OPERATING SEGMENTS
TABLE 34. PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 35. PANASONIC CORPORATION: OPERATING SEGMENTS
TABLE 36. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY: COMPANY SNAPSHOT
TABLE 37. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY: OPERATING SEGMENTS
TABLE 38. TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
TABLE 39. TEXAS INSTRUMENTS INCORPORATED: OPERATING SEGMENTS
TABLE 40. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 41. TOSHIBA CORPORATION: OPERATING SEGMENTS
TABLE 42. VISIC: COMPANY SNAPSHOT
TABLE 43. VISIC: OPERATING SEGMENTS

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