Gallium Nitride Semiconductor Devices Market Expansion Continues, with Forecast Valuation of $21.41 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Gallium Nitride Semiconductor Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for gallium nitride semiconductor devices has witnessed accelerated growth in the past few years. Its market size is projected to rise from $10.35 billion in 2024 to $12.05 billion in 2025, with a compound annual growth rate (CAGR) of 16.4%. The substantial growth during the historic period can be linked to various factors such as enhanced government funding, the rise of emerging markets, a surge in demand for semiconductor equipment, greater usage in the automotive sector, and an increased requirement for consumer electronics.

Gallium Nitride Semiconductor Devices Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market for gallium nitride semiconductor devices is projected to experience rapid expansion. It is forecasted to increase to a value of $21.41 billion by 2029, with a compound annual growth rate (CAGR) of 15.5%. The growth within this forecast period is due to factors such as the rising deployment of GaN-based components in the defense sector, the surge in the spread of electric vehicles, heightened venture capital investment, escalating urbanization, and a growing demand for portable electronic devices (PEDs). Key trends for this forecast period encompass the advent of GaN 5g multi-modules, product enhancements, advancements in technology, applications in electric vehicles (EVs) and hybrid EVs, and a rise in investment in the semiconductor market.

View the full report here:
https://www.thebusinessresearchcompany.com/report/gallium-nitride-semiconductor-devices-global-market-report

What Are the Drivers Transforming the Gallium Nitride Semiconductor Devices Market?
The gallium nitride semiconductor devices market is expected to surge due to a growing need for consumer electronics. With mobility that's a thousand times better than silicon and cheaper production costs compared to traditional semiconductors, Gallium Nitride is increasingly preferred in the consumer electronics industry. For example, LG, a consumer electronics company based in South Korea, reported in its 2022 annual financial report that sales for the year grew by 12.9% compared to the prior year, amounting to about $52.70 billion. In addition, the company's LG Home Appliance & Air Solution Company saw another record year, registering a revenue of $22.5 billion in 2022, up by 10.3% from the previous year. As a result, the escalating demand for consumer electronics is fueling the expansion of the gallium nitride semiconductor devices market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5891&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Gallium Nitride Semiconductor Devices Market?
Firms in the GaN semiconductor devices industry are innovating and introducing new products to increase their market presence and broaden their semiconductor portfolio. For example, Wise-integration, a French company specializing in GaN power supplies and GaN integrated circuits, launched their debut commercial product in June 2022. The product, named the 120mOhm WI62120 half-bridge power circuit, provides power electronics designers with improved power density, performance, and cost-effectiveness. Additionally, Cambridge GaN Devices, a UK-based semiconductor company specializing in the design and development of GaN-based power devices, introduced the ICeGaN 650 V H1 series in March 2022. Containing four 650 V products, the series harnesses the capabilities of GaN-based technology, potentially reducing power loss by up to 50%. The 650 V H1 series allows for the usage of conventional MOSFET drivers and GaN-based technology in applications that utilise silicon-based devices.

Which Segments in the Gallium Nitride Semiconductor Devices Market Offer the Most Profit Potential?
The gallium nitride semiconductor devices market covered in this report is segmented -

1) By Component: Transistor, Diode, Rectifier, Power IC
2) By Device Type: Opto-Semiconductors, Power Semiconductors, RF Semiconductors
3) By Application: Automotive, Consumer Electronics, Defense And Aerospace, Healare, Industrial And Power, Information And Communication Technology, Other Applications
4) By Wafer Size: 2 Inch, 4 Inch, 6 Inch, 8 Inch

Subsegments:
1) By Transistor: GaN HEMTs (High Electron Mobility Transistors), GaN FETs (Field Effect Transistors)
2) By Diode: Schottky Diodes, GaN-based Diodes
3) By Rectifier: GaN Rectifiers, High-Frequency Rectifiers
4) By Power IC: GaN Power ICs, Integrated Power Management ICs

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5891&type=smp

Which Firms Dominate the Gallium Nitride Semiconductor Devices Market by Market Share and Revenue in 2025?
Major companies operating in the gallium nitride semiconductor devices market include Texas Instruments Incorporated, Toshiba Corporation, Infineon Technologies AG, Fujitsu Limited, NXP Semiconductors N.V., ams-OSRAM AG, Wolfspeed Inc, Qorvo Inc., Panasonic Holdings Corporation, NTT Advanced Technology Corporation, Enkris Semiconductor Inc, Sanan Integrated Circuit, Navitas Semiconductor, Cypress Semiconductor Corp, ARM LTD, Renesas Electronics Corporation, Saankhya Labs, ASM Technologies, CDIL, Hyundai Electric, STMicroelectronics, Exagan, GaN Systems, UnitySC, Dialog Semiconductor Plc, Cree Inc., Efficient Power Conversion Corporation

Which Regions Offer the Highest Growth Potential in the Gallium Nitride Semiconductor Devices Market?
North America was the largest region in the gallium nitride semiconductor device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gallium nitride semiconductor devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5891

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:info@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.