GaN Power Device Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players- Infineon Technologies AG, Panasonic Corporation

The global GaN Power Device Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 35.4% during the review period (2022 to 2027)

GaN Power Device Market Overview

Gallium nitride (GaN) transistors have evolved as an improved 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. These 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. Moreover, these devices are applicable in power supplies for server, IT equipment, high-efficiency & stable power supplies, and EV & HEV devices. Therefore, the increased application influences the GaN power device market growth. Rise in demand for GaN in radio frequency equipment; rise in adoption in the telecommunication industry has influenced the GaN power device market and surge in demand for AC fast charger, LiDAR, and wireless power drive the GaN power device market growth. Also, these devices are more advantageous as compared to silicon devices. However, preference of silicon carbide (SiC) in high-voltage semiconductor applications restrains the market growth. On the contrary, requirement of GaN power devices in electric and hybrid vehicle offers new opportunities for the players operating in the market.

Industry News

November 2021, GaN Systems, a GaN power semiconductors provider, announced its partnership with Universal Scientific Industrial Co., Ltd (USI), a subsidiary of ASE Technologies. The partnership was aimed toward developing GaN power modules for the EV market.

In February 2021, Efficient Power Conversion Corporation launched EPC9157, which integrated Renesas ISL 81806 with EPC2218 eGAN to achieve more than 90% efficiency. Renesas ISL 81806 used the high performance of GaN to enable high-power solutions and reduce BOM cost, additionally making the design simple and similar to using silicon-built FETs.

What are the major Applications, Types and Regions for GaN Power Device Market?

By Type, it is segmented into

• GaN Power Discrete Devices


• GaN Power ICs


• GaN Power Modules


•   Others

By Applications it is segmented into

• Consumer Electronics


• IT & Telecommunication


• Automotive


• Aerospace & Defense


• Others

GaN Power Device Market Regional Analysis

The North American regional market dominated the market in 2021 and reported for over 30.0% share of the global revenue. The growing investments from the defense and aerospace industry in research & development are fueling the market growth in the region. Also, funding provided by government bodies to semiconductor companies is expected to drive the market in the region. The Asia Pacific regional market is probable to emerge as the fastest-growing regional market over the forecast period, owing to the rapid technological advancements that are leading to the increased demand for efficient and high-performance RF components. Countries such as China and Japan in the region are some of the main manufacturers of consumer electronics, including LED display devices, smartphones, and gaming consoles.

North America

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  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The GaN Power Device Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global GaN Power Device Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our GaN Power Device Market Report Scope?

Key Takeaways from this GaN Power Device Report

• Evaluate GaN Power Device market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the GaN Power Device market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The GaN Power Device Market is studied from 2017 - 2027.

 What is the growth rate of GaN Power Device Market?

The GaN Power Device Market is growing at a CAGR of 35.4% over the next 5 years.

What regions does this GaN Power Device Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.