Gallium Nitride (GaN) ICs Market Is Booming Across the Globe Explored in Latest Report 2022-2028

Gallium Nitride (GaN) ICs Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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Gallium Nitride (GaN) ICs Market size was USD 20.56 billion in 2019.The market is projected to grow from USD 21.18 billion in 2020 to USD 28.40 billion in 2027 at a CAGR of 4.28% in the 2020-2027 period.

Markets Segmentation:

Top leading Companies Profiled in Gallium Nitride (GaN) ICs Market Report are TI, Navitas, Efficient Power Conversion, GaN Systems, VisIC, Transphorm

News and Updates

In May 2021, Infineon Technologies launched a new portfolio of integrated power stage (IPS) GaN power devices. The new family of CoolGaN devices included half-bridge and single-channel products meant for low-to-medium power applications, including adapters, chargers, and motor drives.

In March 2021, Cree launched 4 new multi-stage GaN-on-SiC monolithic microwave integrated circuit (MMIC) devices. The newly launched products extended the company's range of RF solutions and deliver high power-added efficiency (PAE) in small, industry-standard packages. These products are designed for a wide array of pulsed and continuous-wave X-band phased array applications, including weather surveillance, marine, and unmanned aerial system radars.

Market Overview

The increasing demand for GaN power devices in wireless charging is to accelerate the growth of the market during the forecast period. For instance, in December 2016, Efficient Power Conversion Corporation (EPC) launched wireless charging systems based on WiTricity's designs that feature gallium nitride (GaN)-based solutions with ASD Technology Limited (ASD). The invention is in response to the rising customer and end-users' manufacturer demand in wireless charging products operated by gallium nitride technology.

Various aerospace and defense technology companies such as L3Harris Technologies, Inc.; Northrop Grumman Corporation; and BAE Systems are collaborating with government agencies for incorporating gallium nitride semiconductors in the military and radar applications. For instance, in February 2012, Northrop Grumman Corporation opened its Advanced Technology Laboratory for developing gallium nitride semiconductors for critical military programs. The company, along with the U.S. government, has invested more than USD 300 million for developing and integrating GaN semiconductors in military systems for enhancing the capabilities of space, aircraft, and ground defense communication systems. These factors are expected to drive the demand for GaN semiconductors across wireless applications.

The emergence of RF power electronics and LEDs across various applications has created a sheer interest in gallium nitride (GaN) semiconductor devices worldwide. Although conventional silicon technology is still the mainstay of electronics, GaN has gradually replaced it with its superior properties and high efficiency. GaN technology can operate a larger electronic field in a very compact space than conventional silicon while delivering faster switching of frequencies.

Market Segmented By Types

Low-medium Voltage

High Voltage

Market Segmented By Applications

Auto Industry

Communication

Electronic

Aerospace

Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Gallium Nitride (GaN) ICs Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Gallium Nitride (GaN) ICs market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - Gallium Nitride (GaN) ICs market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Gallium Nitride (GaN) ICs

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In conclusion, the Gallium Nitride (GaN) ICs market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Gallium Nitride (GaN) ICs Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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