GaN Based Power Device Market Analysis | 2021-2026

“The GaN Based Power Device Market is expected to grow from USD 119.3 million in 2020 to USD 719.7 million by 2026 at an impressive CAGR of 35.8% during the forecast period”.

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Market Dynamics

Introduction

Gallium nitride (GaN) transistors have evolved as a stronger performance substitute for silicon-based transistors, thanks to their ability to fabricate more compact devices for a given resistance value & breakdown voltage as compared to silicon devices.

These power devices can reach high-frequency switching and intensely low resistance. These properties are employed in high-efficiency power supplies, photovoltaic inverters, hybrid electric vehicles (HEV), and RF switching.

Market Drivers

The GaN based power device market is mainly driven by surging demand for GaN in radio frequency equipment and growing product adoption in the telecommunication industry. In addition, rising demand for AC fast chargers, wireless power, and LiDAR, further bolsters market growth. Also, these devices are more beneficial than silicon devices.

Furthermore, the growing requirement for GaN power devices in electric & hybrid vehicles offers immense growth opportunities to the industry players in the following years.

COVID-19 Impact

The outbreak of COVID-19 has negatively impacted the GaN based power device industry mainly due to lockdowns imposed by the governments around the world, which resulted in shut shutdown of offices, educational institutes & other public meeting places, and travel restrictions.

Furthermore, due to the closure of office spaces, the employees have started working from home and are dependent on video conferencing to conduct discussions & run daily operations.

Segments Analysis

By End-Use Type

“The information communication & technology dominated the market share in 2020”.

The GaN-based power device market has been segmented into automotive, consumer electronics, aerospace & defense, medical, information communication & technology, and others. The information communication & technology segment accounted for the largest market share of more than 20% in 2020.

This is mainly attributed to the growing adoption of the Internet of Things (IoT) technology. IoT devices demand cost-effective and efficient components that facilitate a constant exchange of information.

Regional Analysis

“North America dominated the 2020 GaN Based Power Device market, with Asia-Pacific expected to show the highest growth rate”.

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of region, the North American GaN Based Power Device market accounted for the largest share of more than 30% in 2020 and is expected to grow at a significant CAGR during the forecast period.

The market growth is mainly propelled by rising investments by the defense & aerospace industry in R&D. Also, the governments in the region are encouraging the adoption of energy-efficient devices and are offering contracts to different companies, further bolstering the regional market growth.

Asia-Pacific is expected to grow at the highest CAGR of more than 5% during the forecast period. The regional growth is ascribed to rapid technological advancements which are resulting in an increased demand for efficient & high-performance RF components. China and Japan are some of the largest manufacturers of consumer electronics, such as smartphones, LED display devices, and gaming consoles, among others, thereby boosting the regional market growth.

Key Players

The following are the key players in the GaN Based Power Device Market (arranged alphabetically)

• Ampleon (Netherlands)
• Cree (US)
• EpiGaN (Belgium)
• GaN Systems (Canada)
• Infineon (Germany)
• Mitsubishi Electric (Japan)
• Navitas Semiconductor (US)
• Sumitomo Electric (Japan)
• TOSHIBA (Japan)
• Texas Instruments (US)

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.coma

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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