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    GaN Based Power Device Market Report

    GaN Based Power Device Market Report
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    GaN Based Power Device Market Size, Share, Trend, Forecast, & Industry Analysis: 2021- See more...

    Impact of COVID-19 on GaN Based Power Device Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on GaN Based Power Device Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    What is GaN Based Power Device?

    Gallium nitride (GaN) transistors have evolved as a stronger performance substitute of 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.

    The GaN Based Power Device Market is estimated to grow from USD 119.3 million in 2020 to USD 719.7 million by 2026 at a healthy CAGR of 35.8% during the forecast period.

    GaN Based Power Device Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    US$ 119.3 million

    Market Size in 2026

    US$ 719.7 million

    Market Growth (2021-2026)

    35.8% CAGR

     

    GaN Based Power Device Market Size, 2020-2026 (USD Million)

    GaN-Based-Power-Device-Market-Forecast

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    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 bolster market growth. Also, these devices are more beneficial than silicon devices. Furthermore, the growing requirement of GaN power devices in electric & hybrid vehicles offers immense growth opportunities to the industry players in the following years.

    Covid-19 Impact Analysis

    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 down 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 depended on video conferencing to conduct discussions & run daily operations.

    Segments' Analysis

    End Use Trends

    Based on end-use, the GaN-based power device market has been classified into automotive, consumer electronics, aerospace & defense, medical, information communication & technology, others. The information communication & technology segment accounted for the largest market share of more than 22% 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 which facilitate a constant exchange of information.

    Regional Trends

    By region, the North American GaN Based Power Device market accounted for the largest share of almost 33% in 2020 and is expected to grow at a significant CAGR during the review period. The GaN Based Power Device 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.

    The Asia-Pacific GaN Based Power Device market is expected to grow at the highest CAGR of more than 8% during the review 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.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global GaN based power device market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the GaN based power device market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on GaN based power device market?
    • What are the key strategies adopted by the major vendors to lead in the GaN based power device market?
    • What is the market share of the top vendors?

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    Key Players

    Key players operating in the global GaN Based Power Device Market are-

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

    Target Audience

    The target audience of GaN Based Power Device Market includes-

    • GaN Based Power Device Vendors
    • GaN Based Power Device Manufacturers
    • GaN Based Power Device Distributors
    • Organizations
    • Government Bodies.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The GaN based power device market is expected to witness an impressive growth of 35.8% CAGR in the coming year.

    Cree (US), Navitas Semiconductor (US), Texas Instruments (US), TOSHIBA (Japan), Sumitomo Electric (Japan), Mitsubishi Electric (Japan), GaN Systems (Canada), Infineon (Germany), Ampleon (Netherlands), EpiGaN (Belgium) are among the key players in the GaN based power device market.

    The GaN based power device market size is expected to reach USD 719.7 million in the foreseeable future.

    The information communication & technology segment accounted for the largest share in the GaN based power device market in 2020.

    Asia-pacific is expected to grow at the highest CAGR in the GaN based power device market in the next five years.

    GaN Based Power Device Vendors, GaN Based Power Device Manufacturers, GaN Based Power Device Distributors, Organizations, Government Bodies are the target audience in the GaN based power device market.

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