North America is Expected to Dominate the GaN Power Devices Market Until 2028
Growing demand for
high-performance power-switching devices in industrial and commercial
applications and steadily growing investments of mobile operators in 5G
infrastructure are expected to drive the Global GaN Power Devices Market during
the forecast period of 2024-2028.
According to TechSci Research report, “GaN Power Devices Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028, the Global GaN
Power Devices Market is anticipated to register a robust growth during the
forecast period, 2024-2028” due to factors such as surging use of GaN for
commercial applications, rising use of GaN-based components in defense
industry, introduction of fast mobile chargers with GaN technology are expected
to drive the Global GaN Power Devices Market.
Rising funds in 5G
infrastructure development in various nations has spurred the demand for GaN power
devices. Some of the profitable applications are used in power amplifiers, RF
radios, antenna modules, MIMO systems, and base transceiver station (BTS). On
the other hand, advancement of next-generation data centers presents huge opportunity
for players in the Global GaN Power Devices Market.
Moreover, massive consumer
electronics demand indicates enormous development potential. Businesses are
investing in the expanding use of GaN devices in a variety of portable consumer
goods, wireless chargers, and USB chargers. Higher switching frequencies and
extraordinarily high-power densities are two major advantages of GaN designs.
The increasing use of these devices in enhancing industrial power supply is
generating significant revenue for GaN power devices manufacturers.
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Additionally, during the
lockdown era, several multinational companies have put forward strict
government rules & regulations to initiate work from home culture, which is
set to reflect the growing demand for electronics products such as mobiles,
chargers, laptops, and IoT-based devices. The high demand for fast chargers and
IoT-based services are set to directly increase the sales of GaN power devices.
Recent Developments in
the Global GaN Power Devices Market:
In April 2022, in order to develop and mass-produce
next-generation GaN (gallium nitride) power devices, leading power supply maker
Delta Electronics and global semiconductor supplier ROHM Semiconductor have partnered
strategically.
In 2022, Navitas Semiconductor, a manufacturing
leader in gallium nitride (GaN) power ICs, and Avnet Silica, announced close collaboration
between the two companies to grow the market in Europe for Navitas’ advanced
performance and highly power efficient GaN Fast power ICs with GaN Sense
technology.
Global
GaN Power Devices Market is segmented on the basis of device type, voltage
range application, end user, and region.
During the projection period,
the defense segment is expected to register a high CAGR. GaN-based systems are
being used more frequently in military radar, electronic warfare, anti-IED
jammers, and 3G/4G base stations, which is responsible for this growth. Owing to
their distinctive properties, these devices are employed to create effective
optoelectronic industrial machinery as well as devices for high-temperature and
renewable energy applications.
Moreover, due to the
extensive use of GaN on diamond-based transistors, wireless communication
devices, radar sensing equipment, power electronics devices, IT and
telecommunication, and aerospace & military industries in the region, North
America is a global leader in the market for GaN power devices. Additionally,
to attain cost-effectiveness and excellent performance for semiconductor devices,
the region's rapid technical breakthroughs and significant investments in
research and development are boosting the demand for GaN power devices.
Major
market players operating in the Global GaN Power Devices Market are:
- Efficient Power Conversion Corporation
- NXP Semiconductors
- GaN Systems
- Wolfspeed, Inc.
- Infineon Technologies AG
- EPISTAR Corporation
- Rohm Co., Ltd.
- On Semiconductor Corporation
- Qorvo, Inc
- MACOM Technology Solutions Holdings Inc
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“GaN power devices are increasingly preferred over silicon-based devices owing to
their superior performance characteristics, particularly their great energy
economy and dependability in power applications. Growing demand from the IT
& telecom, automotive, and consumer electronics sectors is boosting the
market for power GaN devices. Additionally, the growing trend of power
electronics shrinking is opening up more opportunities for new product
development for GaN device producers, particularly for GaN devices below 200V.
Additionally, the strong demand for GaN power devices from developing nations such
as China and India for use in their defense industries is anticipated to be
supportive of growth.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“GaN
Power Devices Market- Global Industry Size, Share, Trends, Opportunities, and
Forecast 2018-2028. Segmented By Device Type (Power Vs RF Power), By Voltage
Range (<200 Volt, 200-600 Volt & >600 Volt), By Application (Power
Drivers, Supply & Inverter & Radio Frequency), By End User
(Telecommunication, Industrial, Automotive, Renewables, Consumer &
Enterprise, Military Defense and Aerospace & Medical), By Region,
Competition”, has
evaluated the future growth potential of Global GaN Power Devices Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global GaN Power Devices Market.
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