Lucintel Forecasts Gallium Nitride Semiconductor Device Market to Grow at a CAGR of 18%-20% from 2020 to 2025

According to the recent study the gallium nitride semiconductor device market is projected to grow at a CAGR of 18%-20% from 2020 to 2025. Growth in this market is primarily driven by consumer electronics and automotive markets to drive gan power semiconductor revenue, increasing adoption of gan rf semiconductor device in military, defense, and aerospace applications and success of gan in rf-power electronics.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in gallium nitride semiconductor device market by product type (GAN radio frequency devices, opto semiconductor, power semiconductor), application (power drives, supply and inverter, RF, lighting and laser), end use industry (automotive, consumer electronics, aerospace & defence, healthcare, industrial & power, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Power devices market is expected to remain the largest segment during the forecast period.”

Based on application, the gallium nitride semiconductor device market is segmented into power drives, supply and inverter, RF, lighting and laser. Lucintel forecasts that the power devices market is expected to remain the largest segment due to its ability to minimize power loss and achieve high-speed switching with characteristics such as miniaturization, high breakdown voltage, and high-speed switching.

“Asia pacific will dominate the gallium nitride semiconductor device market in near future.”

Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing demand from LEDs in various industries such as consumer and enterprise, industrial, and automotive. Further, EV charging, and electric vehicle production markets, and increasing renewable energy generation are boosting the market.

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Major players of gallium nitride semiconductor device market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NXP Semiconductor N.V., GaN Systems, Inc., Efficient Power Conversion Corporation, Inc., Toshiba Corporation, Qorvo, Inc., Cree, Inc., Fujitsu Ltd., and Texas Instruments, Inc. are among the major gallium nitride semiconductor device providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/gallium-nitride-semiconductor-device-market.aspx  or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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