Press release
GaN Power Device Market: Revenue Generation, and Regional Segmentation by 2027
GaN Power Device Market
The GaN power device market size is worth $110.3 million in 2019, and is projected to reach $1,244.9 million by 2027, to register a CAGR of 35.4% during the GaN power device market forecast period.
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GaN power discrete devices and GaN power ICs are gaining wide acceptance and are witnessing significant growth due to increase in advancements and decline in cost. Among the segments the GaN power modules segment dominated the global market. Furthermore, investment in charging and power technologies drives the demand for these devices. In addition, increase in advanced activities in the consumer electronics vertical across the globe is expected to fuel the growth of the GaN power device market.
The research report presents a complete judgment of the GaN power device market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. The report also contains information and statistics, tables and figures that are used in strategic planning for the company's success. Also, these research report provides accurate economic, global, and country-level predictions and analysis.
Also, the research provides a clear picture of the market's current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the GaN power device market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape, market drivers, restraints, and opportunities.
These report is a useful resource for businesses, investors, shareholders and new entrants to gain an in-depth understanding of the market and make informed decisions and settle on educated business choices based on their business goals. Businesses can evaluate the Porter's Five Forces Analysis to determine the structure, level of competition, and industry's strengths and weaknesses. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the GaN power device market.
Report Overview:
https://www.alliedmarketresearch.com/gallium-nitride-GaN-power-device-market
Competitive Analysis:
Some of the prominent players of the global GaN power device market include,
• Efficient Power Conversion Corporation (EPC)
• GaN Systems
• On Semiconductors
• Panasonic Corporation
• VisIC
• Texas Instruments Inc.
• Toshiba Corporation
• Fujitsu Limited
• Infineon Technologies AG
• Taiwan Semiconductor Manufacturing Company
These GaN power device industry players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international GaN power device market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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By Regional Analysis:
1) North America (Canada, Mexico, and the United States)
2) Europe (France, Italy, Germany, Spain, the United Kingdom, and rest of Europe)
3) Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific)
4) LAMEA (Africa, the Middle East, and Latin America)
Key Findings Of The Study:
By device, the GaN power modules segment accounted for the highest share of the market in 2019 with $52.2 million, growing at a CAGR of 32.2% from 2020 to 2027.
On the basis of industry vertical, the IT & telecommunication segment generated the highest revenue, accounting for $36.3 million in 2019.
By region, North America is expected to dominate the GaN power devices industry, garnering 40.1% share during the forecast period.
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Frequently Asked Questions?
Q.1 Who is the largest manufacturer of GaN power device market worldwide?
Q.2 What are the key factors covered in this report?
Q.3 What are the factors driving the growth of the GaN power device market?
Q.4 Which segments are covered in this report?
Q.5 Which regions are leading the GaN power device market?
Q.6 What are the main facts mentioned in this report?
Q.7 What are the key challenges faced by players, and what are the strategies to overcome them?
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