(2023-2032) Gallium Nitride Semiconductor Devices Global Market Trends And Forecast Report | By Types, Applications, Regions And Players include Cree, Inc., Efficient Power Conversion Corporation, Fujitsu Ltd., GaN Systems, Infineon Technologies AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Gallium Nitride Semiconductor Devices market report by The Business Research Company, increasing demand for consumer electronics is expected to propel the growth of the gallium nitride semiconductor devices market. Gallium Nitride is 1,000 times quicker than silicon in terms of mobility. It is less expensive to produce than regular semiconductors, hence it is more widely used in consumer electronics. For instance, according to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the Indian appliances and consumer electronics market is expected to grow more than two-folds in the next five to six years and reach up to $26.81 billion. Also, according to ClearSale, the revenue in the consumer electronics segment is anticipated to increase by more than USD360 billion in 2020 and more than USD450 billion by 2024. Therefore, the increasing demand for consumer electronics is driving the growth of the gallium nitride semiconductor devices market.

The global gallium nitride semiconductor devices market size grew from $7.38 billion in 2022 to $8.79 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The gallium nitride semiconductor devices market size is expected to grow to $18.77 billion in 2027 at a CAGR of 20.9%.

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Major competitors in the Gallium Nitride Semiconductor Devices market include Cree, Inc., Efficient Power Conversion Corporation, Fujitsu Ltd., GaN Systems, Infineon Technologies AG, Qorvo, Inc., NexgenPowerSystems, NXP Semiconductor, Texas Instruments Incorporated, Toshiba Corporation, Samsung, Mitsubishi Electric, MACOM, ST Micro Electronics, Panasonic, Dialog Semiconductor, ST Micro Electronics, Panasonic, and Dialog Semiconductor.

The Gallium Nitride Semiconductor Devices market is segmented -
• By Component: Transistor, Diode, Rectifier, Power IC
• By Device Type: Opto-semiconductors, Power Semiconductors, RF Semiconductors
• By Application: Lighting and Lasers, Supplies and Inverters, Radio Frequency, Power Drives, Consumer and Enterprises, Industrial, Telecommunications, Automotive, Renewables, Aerospace and Defense Healthcare
• By Wafer Size: 2 Inch, 4-Inch, 6-Inch, 8-Inch
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Gallium Nitride Semiconductor Devices market.

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The gallium nitride semiconductor devices refer to the manufacturing of semiconductor devices such as transistors and diodes for the conversion of energy to power using gallium nitride material. Gallium nitride semiconductor devices have dynamic electric and chemical properties that are used to develop electronic power devices that are very hard, mechanically stable, high voltage, and have a high frequency. Gallium nitride semiconductors are on the rise as a replacement for silicon-based semiconductors because they can meet growing demands for improved power system efficiency, performance, and system cost.

The Table Of Content For The Gallium Nitride Semiconductor Devices Market Include:
1. Executive Summary
2. Gallium Nitride Semiconductor Devices Market Characteristics
3. Gallium Nitride Semiconductor Devices Market Trends And Strategies
4. Gallium Nitride Semiconductor Devices Market - Macro Economic Scenario
5. Gallium Nitride Semiconductor Devices Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Gallium Nitride Semiconductor Devices Market
29. Gallium Nitride Semiconductor Devices Market Future Outlook and Potential Analysis
30. Appendix

The "Global Gallium Nitride Semiconductor Devices Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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