Press release
Power GaN Devices Market Growth To Expand At A CAGR Of 40.3% From 2021 To 2031
The burgeoning growth of consumer electronics and industrial power supply sectors is creating incremental opportunities for manufacturers in the power GaN devices market. They are increasing the availability of GaN-based chargers that are emerging as an alternative to silicon-based chargers, owing to the former's advantages of smaller size, high speed, and greater energy efficiency. Thus, the continuous demand for laptops, personal computers (PCs) and smartphones is contributing toward the expansion of the power GaN devices markeGet Report Detail- https://www.transparencymarketresearch.com/gan-power-devices-market.html
Amplifiers and power converters are bolstering the demand for power GaN devices. Several advantages of power GaN devices are helping market stakeholders to become future-ready, owing to potential revenue opportunities in the acceptance for artificial intelligence (AI), IoT (Internet of Things), and voice recognition systems, among other products.
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Telecommunication and Healthcare Industries Keep Economies Running amid COVID-19 Pandemic
The unprecedented demand for consumer electronics during the COVID-19 outbreak has compelled manufacturers in the power GaN devices market to work at breakneck speeds. Since automotive has been one of the worst hit sectors by the pandemic, participants in the market are tapping revenue opportunities in key revenue generating industries such as telecommunication, energy, and healthcare in order to keep economies running during the pandemic.
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Companies in the power GaN devices market are rethinking supply chain strategies to overcome challenges created by the pandemic. They are developing comprehensive product portfolio to meet specific needs of clients, customers, and partners.
Enhanced Type Devices Help Overcome Limitations of Depletion Type Devices
It has been found that majority of GaN devices are depletion type devices. GaN devices are majorly developed in depletion type, which is in the ON state when gate-source voltage is zero. Manufacturers are increasing R&D to develop devices that are OFF when the gate source voltage is zero since power & logic circuits require both ON and OFF state transistors.
Companies in the power GaN devices market are developing enhanced type products that can be used in power and logic circuits. New development processes hold promising potentials to enable the manufacture of gallium nitride transistors in the same existing factories as silicon.
Automotive Sector and EVs Power Demand for High-performance GaN Devices
Power GaN devices are increasingly replacing silicon devices. The proliferation of electric vehicles (EVs) is acting as a driver for market growth. However, participants in the power GaN devices market need to address demanding needs of EVs such as driving range, charging time, and charging infrastructure to leverage incremental opportunities in the automotive industry. Hence, semiconductor companies should join forces with think tanks and researchers to develop high performance GaN FETs (field-effect transistors) and ICs (integrated circuits) for automotive DC-DC applications.
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