The global demand for GaN Power Device Market is presumed to reach the market size of nearly USD 3161.52 Million by 2032 from USD 112.07 Million in 2023 with a CAGR of 39.65% under the study period 2024-2032.
GaN, which is the symbol for gallium nitride is referred for the GaN transistors which have taken over the market as the substitute of the silicon-based transistors. They have more power output and can be used for far more easy and complicated device fabrication, which makes them ideal for use instead of the older silicon transistors. Also, for the given resistance and breakdown voltage values, the GaN transistors can be used for developing more compact devices. These GaN transistors become extremely useful when used for modern electronics like hybrid electric vehicles, photovoltaic converters, and RF switching.
MARKET DYNAMICS
The market for GaN power devices has been growing steadily since the increase in the use of various electronics for our daily activities. The increase in demand for telecommunication devices, LIDAR, AC adaptors, and various wireless devices has been acting as the main catalyst for the GaN power devices market. The coronavirus outbreak has also acted as a market driver for the GaN power devices due to the increase in demand for modems and internet routers for people working from home. Most of the modern electronic devices and the hybrid devices act as the main driving factor for the GaN transistors. The only restraint being faced by the market for GaN devices is the preference towards silicon-based devices when it comes to operating at high voltages.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of GaN Power Device. The growth and trends of GaN Power Device industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the GaN Power Device market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Device Type
Integrated Power Devices
Discrete Power Devices
By Voltage
Below 200V
200-600V
Above 600V
By End-use Industry
IT & Telecommunication
Automotive
Semiconductor & Electronics
Industrial
Aerospace & Defense
Others (Energy & Utilities, Healthcare, etc.)
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the GaN Power Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the GaN Power Device market include 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., VisIC Technologies. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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3.7.1 Market Attractiveness Analysis By Device Type
3.7.2 Market Attractiveness Analysis By Voltage
3.7.3 Market Attractiveness Analysis By End-use Industry
3.7.4 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL GAN POWER DEVICE MARKET ANALYSIS BY DEVICE TYPE
5.1. Overview By Device Type
5.2. Historical and Forecast Data
5.3. Analysis By Device Type
5.4. Integrated Power Devices Historic and Forecast Sales By Regions
5.5. Discrete Power Devices Historic and Forecast Sales By Regions
6. GLOBAL GAN POWER DEVICE MARKET ANALYSIS BY VOLTAGE
6.1. Overview By Voltage
6.2. Historical and Forecast Data
6.3. Analysis By Voltage
6.4. Below 200V Historic and Forecast Sales By Regions
6.5. 200-600V Historic and Forecast Sales By Regions
6.6. Above 600V Historic and Forecast Sales By Regions
7. GLOBAL GAN POWER DEVICE MARKET ANALYSIS BY END-USE INDUSTRY
7.1. Overview By End-use Industry
7.2. Historical and Forecast Data
7.3. Analysis By End-use Industry
7.4. IT & Telecommunication Historic and Forecast Sales By Regions
7.5. Automotive Historic and Forecast Sales By Regions
7.6. Semiconductor & Electronics Historic and Forecast Sales By Regions
7.7. Industrial Historic and Forecast Sales By Regions
7.8. Aerospace & Defense Historic and Forecast Sales By Regions
7.9. Others (Energy & Utilities, Healthcare, etc.) Historic and Forecast Sales By Regions
8. GLOBAL GAN POWER DEVICE MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1 Overview, Historic and Forecast Data Sales Analysis
8.3.2 North America By Segment Sales Analysis
8.3.3 North America By Country Sales Analysis
8.3.4 United States Sales Analysis
8.3.5 Canada Sales Analysis
8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1 Overview, Historic and Forecast Data Sales Analysis
8.4.2 Europe By Segment Sales Analysis
8.4.3 Europe By Country Sales Analysis
8.4.4 United Kingdom Sales Analysis
8.4.5 France Sales Analysis
8.4.6 Germany Sales Analysis
8.4.7 Italy Sales Analysis
8.4.8 Russia Sales Analysis
8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1 Overview, Historic and Forecast Data Sales Analysis
8.5.2 Asia Pacific By Segment Sales Analysis
8.5.3 Asia Pacific By Country Sales Analysis
8.5.4 China Sales Analysis
8.5.5 India Sales Analysis
8.5.6 Japan Sales Analysis
8.5.7 South Korea Sales Analysis
8.5.8 Australia Sales Analysis
8.5.9 South East Asia Sales Analysis
8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1 Overview, Historic and Forecast Data Sales Analysis
8.6.2 Latin America By Segment Sales Analysis
8.6.3 Latin America By Country Sales Analysis
8.6.4 Brazil Sales Analysis
8.6.5 Argentina Sales Analysis
8.6.6 Peru Sales Analysis
8.6.7 Chile Sales Analysis
8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1 Overview, Historic and Forecast Data Sales Analysis
8.7.2 Middle East & Africa By Segment Sales Analysis
8.7.3 Middle East & Africa By Country Sales Analysis
8.7.4 Saudi Arabia Sales Analysis
8.7.5 UAE Sales Analysis
8.7.6 Israel Sales Analysis
8.7.7 South Africa Sales Analysis
8.7.8 Rest Of Middle East And Africa Sales Analysis
9. COMPETITIVE LANDSCAPE OF THE GAN POWER DEVICE COMPANIES
9.1. GaN Power Device Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10. COMPANY PROFILES OF GAN POWER DEVICE INDUSTRY
10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Efficient Power Conversion Corporation Inc.
10.3.1 Company Overview
10.3.2 Company Revenue
10.3.3 Products
10.3.4 Recent Developments
10.4. Fujitsu Limited
10.4.1 Company Overview
10.4.2 Company Revenue
10.4.3 Products
10.4.4 Recent Developments
10.5. GaN Power Inc.
10.5.1 Company Overview
10.5.2 Company Revenue
10.5.3 Products
10.5.4 Recent Developments
10.6. GaN Systems
10.6.1 Company Overview
10.6.2 Company Revenue
10.6.3 Products
10.6.4 Recent Developments
10.7. Infineon Technologies
10.7.1 Company Overview
10.7.2 Company Revenue
10.7.3 Products
10.7.4 Recent Developments
10.8. Navitas Semiconductor
10.8.1 Company Overview
10.8.2 Company Revenue
10.8.3 Products
10.8.4 Recent Developments
10.9. NexGen Power Systems
10.9.1 Company Overview
10.9.2 Company Revenue
10.9.3 Products
10.9.4 Recent Developments
10.10. On Semiconductors
10.10.1 Company Overview
10.10.2 Company Revenue
10.10.3 Products
10.10.4 Recent Developments
10.11. Panasonic Corporation
10.11.1 Company Overview
10.11.2 Company Revenue
10.11.3 Products
10.11.4 Recent Developments
10.12. Power Integrations Inc.
10.12.1 Company Overview
10.12.2 Company Revenue
10.12.3 Products
10.12.4 Recent Developments
10.13. ROHM CO LTD.
10.13.1 Company Overview
10.13.2 Company Revenue
10.13.3 Products
10.13.4 Recent Developments
10.14. SOITEC
10.14.1 Company Overview
10.14.2 Company Revenue
10.14.3 Products
10.14.4 Recent Developments
10.15. Texas Instruments Incorporated
10.15.1 Company Overview
10.15.2 Company Revenue
10.15.3 Products
10.15.4 Recent Developments
10.16. Transphorm Inc.
10.16.1 Company Overview
10.16.2 Company Revenue
10.16.3 Products
10.16.4 Recent Developments
10.17. VisIC Technologies
10.17.1 Company Overview
10.17.2 Company Revenue
10.17.3 Products
10.17.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies