"Gallium nitride semiconductor devices market size was USD 3.1 billion in 2024.”
The market size in 2023 was USD 2.4 billion. In 2024, the market experienced a YoY growth of 27.6% to reach a value of USD 3.1 billion.
The market is expected to reach USD 4.0 billion in 2025, witnessing an annual growth of 27.9%.
The market size will reach USD 21.2 billion in 2032, witnessing a market growth (CAGR) of 27.1% during the forecast period of 2025-2032.
Market Size & Global Forecast: "Gallium nitride semiconductor devices market size was USD 3.1 billion in 2024.” The market size in 2023 was USD 2.4 billion. In 2024, the market experienced a YoY growth of 27.6% to reach a value of USD 3.1 billion. The market is expe...