Power GaN Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

The Global Power Gan Devices Market is poised for significant growth, projected to reach US$ 2.5 billion by the end of 2031, according to the latest market report. In 2021, the industry size stood at US$ 84.4 million, and it is estimated to advance at an impressive CAGR of 40.6% from 2022 to 2031.

The surge in the adoption of power GaN devices in power supply and charging devices is expected to be a key driver for market growth in the coming years. Gallium nitride (GaN) technology, known for its reliability and high-current capabilities, is anticipated to create substantial growth opportunities across various industries, including consumer electronics, automotive, IT & telecom, and semiconductor & electronics.

Key players in the market are focusing on research and development activities to explore opportunities in the challenging EV/HEV inverter sector. As the market continues to evolve, players are urged to concentrate on economies with limited government regulations, integrate their value chain, and expand their supply chain base.

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Increased Adoption in Consumer Electronics and Industrial Power Supply
GaN devices have emerged as high-performance alternatives to silicon-based transistors, offering significantly higher electric field strength and a 3.4 eV bandgap compared to silicon's 1.12 eV. This makes power conversion solutions more compact and energy-efficient. The market is witnessing a rise in the usage of GaN devices in smartphones, laptops, and monitors for battery charging and discharging control.

In consumer electronics, GaN devices are finding applications in power supplies, adapters for PCs, portable electronics, USB chargers, and wireless chargers. The increase in demand for GaN-based chargers has led to product innovation, with companies like Navitas Semiconductor collaborating with global mobile technology companies to integrate GaN power IC technology in high-wattage mobile phone chargers.

5G Infrastructure and Data Center Development Driving Growth
The rise in the number of data centers and the ongoing development of 5G cellular infrastructure are contributing significantly to the growth of the power GaN devices market. GaN power transistors are replacing silicon in power devices across data center infrastructure, offering more computing power per rack footprint and increased efficiency in power supply and telecom switching rack applications.

With a steady increase in data center expansion and the need to address data center energy usage concerns, GaN is proving to be a key technology for improving energy efficiency in next-generation computing, storage, and cooling technologies. The adoption of GaN in 5G infrastructure, including power amplifiers, antenna modules, RF radios, and base transceiver stations, is further propelling market growth.

Rapid Growth in Discrete Power Devices Segment and Below 200V GaN Devices
The discrete power devices segment, accounting for nearly 68.3% of the market in 2021, is experiencing rapid growth, driven by increased adoption in consumer electronics and power supply devices. GaN discrete components, known for their ability to withstand higher temperatures and offer high switching speed, are gaining prominence.

In terms of voltage, the below 200V segment is projected to witness rapid growth, holding 45.8% of the global market in 2021. This segment finds applications in power supplies, power amplifiers, and chargers. The market is also witnessing developments in devices that exhibit high-speed switching under high-current/voltage switching conditions.

Analysis of Key Players
The global power GaN devices market is consolidated, with a small number of large-scale vendors controlling majority of the share. Most of the companies are investing significantly in comprehensive research and development activities for new product development. Expansion of product portfolios and mergers and acquisitions are key strategies adopted by prominent market players.

Efficient Power Conversion Corporation, Inc., Fujitsu limited, GaN Power Inc., GaN Systems, Infineon Technologies, Navitas Semiconductor, NexGen Power Systems, On Semiconductors, Panasonic Corporation, Power Integrations, Inc., ROHM CO., LTD., SOITEC, Texas Instruments Incorporated, Transphorm Inc., and VisIC Technologies are the leading market entities.

Market Segmentation
Device Type
• Integrated Power Devices
• Discrete Power Devices
Voltage
• Below 200V
• 200-600V
• Above 600V

End-use Industry
• IT & Telecommunication
• Automotive
• Semiconductor & Electronics
• Industrial
• Aerospace & Defense
• Others (Energy & Utilities, Healthcare, etc.)

Regions Covered
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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