GaN Power ICs Market Share Driven by High-Efficiency Electronics and Automotive Electrification | Valuates Reports

GaN Power ICs Market
The global market for GaN Power ICs was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-32K10477/Global_and_United_States_GaN_Power_ICs_Market_Report_Forecast_2022_2028

The GaN (Gallium Nitride) Power ICs Market is witnessing robust growth as industries increasingly adopt high-efficiency power semiconductors for next-generation electronics, automotive, and telecommunication applications. Rising demand for energy-efficient, compact, and high-performance power ICs is driving key market trends and expanding overall market size. Advances in GaN technology, including higher switching frequencies, reduced power loss, and improved thermal management, are positioning these ICs as essential components for high-speed electronics, electric vehicles, and renewable energy systems.

In the type segment, 100V GaN power ICs hold the largest market share due to their extensive use in consumer electronics and low-voltage applications requiring high efficiency. 650V and 900V GaN ICs are emerging as the fastest-growing segments, supported by increased adoption in automotive, industrial, and high-voltage power conversion applications. Other specialized types cater to niche requirements, contributing to market diversification and innovation.

By application, the consumer electronics segment dominates the market, driven by demand for energy-efficient chargers, adapters, and portable devices. The automotive segment is witnessing rapid growth, fueled by electric vehicle adoption and the need for compact, high-efficiency power management solutions. IT & telecommunication and aerospace & defense applications also support market expansion, highlighting GaN ICs' versatility across high-performance and mission-critical sectors.

Leading companies such as Efficient Power Conversion Corporation (EPC), GaN Systems, VisIC, Navitas, and Transphorm hold significant market share through continuous innovation, strong R&D capabilities, and global partnerships. Other key players, including Infineon, Fujitsu, On Semiconductors, Panasonic, Texas Instruments, and Toshiba, are demonstrating fast growth by expanding product portfolios, enhancing efficiency, and entering emerging markets. Companies focus on developing high-performance, reliable, and scalable GaN solutions to maintain competitive advantage.

Regionally, Asia-Pacific dominates the GaN power IC market due to strong electronics manufacturing infrastructure and increasing EV and renewable energy adoption in China, Japan, and South Korea. North America and Europe maintain steady growth supported by consumer electronics, automotive electrification, and advanced industrial applications. Emerging regions such as Southeast Asia, Latin America, and Middle East & Africa are gradually increasing adoption driven by technological investments and industrial expansion. The market forecast emphasizes that ongoing innovation in GaN technology, rising demand for energy-efficient electronics, and global adoption across automotive and industrial sectors will continue to drive market growth and shape future industry trends.

Segment by Type

• 100V
• 650V
• 900V
• Others

Segment by Application

• Consumer Electronics
• Automotive
• IT & Telecommunication
• Aerospace & Defense
• Others

By Company

Efficient Power Conversion Corporation (EPC), GaN Systems, VisIC, Navitas, Transphorm, Exagan, Infineon, Fujitsu, On Semiconductors, Panasonic, Texas Instruments, Toshiba

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-32K10477/global-and-united-states-gan-power-ics

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.