GaN Power Device Market Future of Market Size Unlocking New Opportunities for Success | CAGR of 49.8%

GaN Power Device Market [NEW REPORT 2023] offers a whole overview of the present-day market kingdom of affairs and affords a forecast until 2031. This report provides a balanced mix of qualitative and quantitative data that highlights imperative market developments, challenges, competition, employer analysis, and new probabilities and characteristics inner the GaN Power Device Market . Ask for Sample Report

Global GaN power device 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. Gallium nitride (GaN) transistors have evolved as an enhanced performance substitute of silicon-based transistors, owing to their ability of fabricating more compact devices for a given resistance value and breakdown voltage as compared to silicon devices. GaN power devices can attain extremely low resistance and high-frequency switching. These properties are exploited in high-efficiency power supplies, electric vehicle (EV), hybrid electric vehicle (HEV), photovoltaic inverters, and RF switching. These devices are applicable in power supplies for server, IT equipment, high-efficiency & stable power supplies, and EV & HEV devices.

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The growth of the GaN power device market is driven by increase in demand for GaN in radio frequency equipment; rise in adoption in the telecommunication industry; and surge in demand for AC fast charger, LiDAR, and wireless power. Moreover, these devices are more advantageous as compared to silicon devices, thus fueling the growth of the market. However, preference of silicon carbide (SiC) in high-voltage semiconductor applications restraint the market growth. Requirement of GaN power devices in electric and hybrid vehicle provides new opportunities for the players operating in the market.

The global GaN power devices market is segmented based on device, industry vertical, and geography. On the basis of device, it is categorized into GaN power discrete devices, GaN power ICs, and GaN power modules. By industry vertical, it is classified into consumer electronics, IT & telecommunication, automotive, aerospace & defense, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

With regard to the COVID-19 Outbreak Impact Analysis:

In mild of COVID-19, the file examined market trends.
On the foundation of the upstream and downstream markets, the find out about examined COVID-19's consequences on the manufacturing industry's furnish chain.
We look at how COVID-19 has affected numerous areas and great nations.
It is mentioned how COVID-19 will have an effect on the industry's future growth.
Examined in the find out about are:

Market behavior, risk, and chance levels
An evaluation of end-industry conduct and opportunity
A predicted timeline for enterprise recovery.

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Each learn about is greater than a hundred pages lengthy and is jam-packed with graphs, tables, insightful text, and insurance of in-depth customized market reviews that supply indispensable market facts for the industry.

Micro and microanalysis, the operational environment, regional dynamics, and market addressability, Regulatory and felony frameworks, Analysis of profitability and costs, Market segmentation analysis, market's modern-day advertising techniques, choicest technique, hole analysis, aggressive environment, main market participants, Benchmarking, Future market probabilities and trends: situation modeling

Key benefits

The study provides an in-depth analysis of the global GaN power devices market to elucidate the prominent investment pockets.
Current trends and future estimations are outlined to determine the overall market scenario.
The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
Geographically, the market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

KEY PLAYERS

Efficient Power Conversion Corporation (EPC)
Fujitsu Limited
GaN Systems
Infineon Technologies AG
On Semiconductors
Panasonic Corporation
Taiwan Semiconductor Manufacturing Company
Texas Instruments Inc.
Toshiba Corporation
VisIC

Market segmentation

BY DEVICE

GaN Power Discrete Devices
GaN Power ICs
GaN Power Modules

BY INDUSTRY VERTICAL

Consumer Electronics
IT & Telecommunication
Automotive
Aerospace & Defense
Others

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BY GEOGRAPHY

North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
Taiwan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

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