The Global GaN Power Device Market is Expected to Grow at a CAGR of 29% by 2026

According to a new market report published by Lucintel, the future of the GaN power device market looks promising with opportunities in the automotive, renewables, telecommunication, military, aerospace & defense, medical, industrial, and consumer & enterprise industries. The global GaN power device market is expected to grow with a CAGR of 29% from 2021 to 2026. The major drivers for this market are rise in adoption in the telecommunication industry,  increasing adoption of GaN RF power device in the military, defense, and aerospace, the and rising demand for AC fast charger, LiDAR, and wireless power.

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In this market, different device types of GaN power device, such as power device and RF power device are used in a wide range of industries. Lucintel forecasts that RF power device will remain the largest segment due to high penetration of radio and TV broadcast, amateur radio, civilian radar, jammers, satellite communications, electronic warfare, missiles, and many more.

Within the GaN power device market, automotive will remain the largest end use industry during the forecast period due to the growing demand for electric and hybrid vehicle because of increasing renewable energy generation and huge demand for motor drives owing to the high efficiency.

North America will remain the largest region during the forecast period due to increasing demand for GaN power device in the consumer electronics and automobile industries.

CREE, Infineon, Qorvo, Macom, Microsemi, Mitsubishi Electric, Efficient Power Conversion, GaN Systems, Navitas Semiconductor, Toshiba are among the major GaN power device manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global GaN power device market by voltage range, device type, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global GaN Power Device Market 2021-2026: Market Size, Trends and Growth Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global GaN power device market by voltage range, device type, application, end use industry, and region as follows:

By Device Type [$M shipment analysis for 2015–2026]:

Power Device

Discrete Power Device

Integrated Power Device

RF Power Device

Discrete RF Power Device

Integrated RF Power Device

 

By Voltage Range [$M shipment analysis for 2015–2026]:

<200 Volt

200–600 Volt

>600 Volt

 

By Application [$M shipment analysis for 2015–2026]:

Power Drives

Supply and Inverter

Radio Frequency

 

By End Use Industry [$M shipment analysis for 2015–2026]:

Telecommunications

Industrial

Automotive

Renewables

Consumer and Enterprise

Military, Defense, and Aerospace

Medicals

 

By Region [$M shipment analysis for 2015–2026]:

North America

United States

Canada

Mexico

 

Europe

Germany

United Kingdom

France

Italy

 

Asia Pacific

China

Japan

India

South Korea

 

The Rest of the World

 

This more than 150-page 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 visit us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.