GaN Power Devices Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028
Report Description
The global GaN Power Devices market size was valued at USD 268.1 million in 2021, expanding at a CAGR 33.1% from 2022-2028 to reach 1,600.9 Million USD in 2028.
Market Dynamics
GaN Power Devices market is expected to witness substantial growth over the forecast period. Reduced pricing for GaN devices, increased demand for wireless charging, an increase in the installation of GaN devices in electric vehicles, and a surge in demand for GaN devices for commercial RF applications are some of the drivers that are fueling the market's expansion. However, the market's expansion is constrained by a lack of GaN material. Additionally, during the projection period, government initiatives in HVDC and smart grids are predicted to offer attractive potential for market expansion.
WiTricity Corp., a wireless charging business, demonstrated wireless charging with a GaN field effect transistor (FET). Because silicon-based power MOSFETs approach the upper limit of their switching capacity at higher frequencies, their operation is constrained. GaN power devices are employed in wireless charging applications because they have a very high switching capability. With regard to the carrier frequency in resonant transfer, GaN transistors are superior. This enables them to transfer power over long distances in a variety of consumer, medical, industrial, and automotive applications. Consequently, enhancing the GaN devices' declining cost is just another element driving demand for them in wireless charging applications. During the projected period, this is anticipated to fuel the expansion of the global GaN power device market.
Regional Insights
The Asia Pacific is estimated to dominate the global market. The rising production of transceivers and high demand from consumer electronics across the region is boosting the market growth. In addition, the growing trend of IoT and increasing smartphone adoption are contributing to market growth. Europe is projected to propel at a significant rate over the forecast period. The increasing adoption of wireless communication devices and faster digitization is also driving market growth. Latin America is expected to grow at a substantial rate from 2021 to 2027.
Segment Dynamics
The GaN Power Devices market is fragmented into the production process type, and applications segments. Based on the production process type, the Power Device segment is anticipated to dominate the market. By product type, the Radio frequency segment is expected to hold the majority of the market share. By application, the telecommunication segment is projected to grow at the highest CAGR during the forecast period.
Competitive Insights
The GaN Power Devices market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in February 2021, Efficient Power Conversion announced the launch of EPC9157, that integrates Renesas ISL 81806 with EPC2218 eGAN to achieve more than 90% efficiency.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of GaN Power Devicess by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- CREE
- Infineon
- Qorvo
- Macom
- Microsemi
- Mitsubishi Electric
- Efficient Power Conversion
- GaN Systems
- Navitas Semiconductor
- Toshiba
Production Process Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Power Device
- Discrete Power Device
- Integrated Power Device
Production Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Power Drives
- Supply and Inverter
- Radio Frequency
Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medicals
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
TABLE OF CONTENT
1. GaN Power Device Market Overview
1.1. Product Overview and Scope of GaN Power Device
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global GaN Power Device Market Size Growth Rate Analysis by Power Device, 2021 VS 2028
1.3.1. Discrete Power Device
1.3.2. Integrated Power Device
1.4. Global GaN Power Device Consumption Comparison by Voltage Range: 2021 VS 2028
1.4.1. <200 Volt
1.4.2. 200–600 Volt
1.4.3. >600 Volt
1.5. Global GaN Power Device Consumption Comparison by Application: 2021 VS 2028
1.5.1. Power Drives
1.5.2. Supply and Inverter
1.5.3. Radio Frequency
1.6. Global GaN Power Device Consumption Comparison by Vertical: 2021 VS 2028
1.6.1. Telecommunications
1.6.2. Industrial
1.6.3. Automotive
1.6.4. Renewables
1.6.5. Consumer and Enterprise
1.6.6. Military, Defense, and Aerospace
1.6.7. Medicals
1.7. Global GaN Power Device Market Size Estimates and Forecasts by Region: 2021 VS 2028
1.7.1. North America GaN Power Device Estimates
1.7.2. Europe GaN Power Device Estimates
1.7.3. China GaN Power Device Estimates
1.7.4. Japan GaN Power Device Estimates
2. Market Competition by Manufacturers
2.1. Global GaN Power Device Revenue Market Share by Manufacturers (2020)
2.2. GaN Power Device Market Share by Company Power Device (Tier 1, Tier 2 and Tier 3)
2.3. Global GaN Power Device Average Price by Manufacturers (2017-2021)
2.4. Manufacturers GaN Power Device Production Sites, Area Served, Product Types
2.5. GaN Power Device Market Competitive Situation and Trends
2.5.1. GaN Power Device Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global GaN Power Device Consumption by Region (2017-2021)
3.1. Global GaN Power Device Consumption by Region
3.2. Global GaN Power Device Consumption Market Share by Region
3.2.1. North America
3.2.2. North America GaN Power Device Consumption Growth Rate (2017-2021)
3.2.3. North America GaN Power Device Consumption, Price and Gross Margin (2017-2021)
3.2.4. North America GaN Power Device Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe GaN Power Device Consumption Growth Rate (2017-2021)
3.2.7. Europe GaN Power Device Consumption, Price and Gross Margin (2017-2021)
3.2.8. Europe GaN Power Device Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific GaN Power Device Consumption Growth Rate (2017-2021)
3.2.11. Asia Pacific GaN Power Device Consumption, Price and Gross Margin (2017-2021)
3.2.12. Asia Pacific GaN Power Device Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America GaN Power Device Consumption Growth Rate (2017-2021)
3.2.15. South America GaN Power Device Consumption, Price and Gross Margin (2017-2021)
3.2.16. South America GaN Power Device Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa GaN Power Device Consumption Growth Rate (2017-2021)
3.2.19. Middle East and Africa GaN Power Device Consumption, Price and Gross Margin (2017-2021)
3.2.20. Middle East and Africa GaN Power Device Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global GaN Power Device Consumption by Power Device (2017-2021)
4.1. Global GaN Power Device Price by Power Device (2017-2021)
4.2. Global GaN Power Device Revenue Market Share by Power Device (2017-2021)
4.2.1. Discrete Power Device
4.2.2. Integrated Power Device
5. Global GaN Power Device Consumption by Voltage Range (2017-2021)
5.1. Global GaN Power Device Price by Voltage Range (2017-2021)
5.2. Global GaN Power Device Revenue Market Share by Voltage Range (2017-2021)
5.2.1. <200 Volt
5.2.2. 200–600 Volt
5.2.3. >600 Volt
6. Global GaN Power Device Consumption by Application (2017-2021)
6.1. Global GaN Power Device Price by Application (2017-2021)
6.2. Global GaN Power Device Revenue Market Share by Application (2017-2021)
6.2.1. Power Drives
6.2.2. Supply and Inverter
6.2.3. Radio Frequency
7. Global GaN Power Device Consumption by Vertical (2017-2021)
7.1. Global GaN Power Device Price by Vertical (2017-2021)
7.2. Global GaN Power Device Revenue Market Share by Vertical (2017-2021)
7.2.1. Telecommunications
7.2.2. Industrial
7.2.3. Automotive
7.2.4. Renewables
7.2.5. Consumer and Enterprise
7.2.6. Military, Defense, and Aerospace
7.2.7. Medicals
8. Key Companies Profiled
8.1. CREE
8.1.1. CREE GaN Power Device Corporation Information
8.1.2. CREE GaN Power Device Product Portfolio
8.1.3. CREE GaN Power Device Consumption, Price and Gross Margin (2017-2021)
8.1.4. CREE Main Business and Markets Served
8.1.5. CREE Recent Developments/Updates
8.2. Infineon
8.3. Qorvo
8.4. Macom
8.5. Microsemi
8.6. Mitsubishi Electric
8.7. Efficient Power Conversion
8.8. GaN Systems
8.9. Navitas Semiconductor
8.10. Toshiba
9. Marketing Channel, Distributors and Customers
9.1. Marketing Channel
9.2. GaN Power Device Distributors List
9.3. GaN Power Device Customers
10. Market Dynamics
10.1. GaN Power Device Industry Trends
10.2. GaN Power Device Growth Drivers
10.3. GaN Power Device Market Challenges
10.4. GaN Power Device Market Restraints
11. Global GaN Power Device Consumption and Demand Forecast, by Region (2022-2028)
11.1. Global Forecasted Demand Analysis of GaN Power Device, by Regions and Country
11.1.1. North America Forecasted Consumption of GaN Power Device by Country
11.1.2. Europe Market Forecasted Consumption of GaN Power Device by Country
11.1.3. Asia Pacific Market Forecasted Consumption of GaN Power Device by Region
11.1.4. Latin America Forecasted Consumption of GaN Power Device by Country
11.1.5. Middle East and Africa Forecasted Consumption of GaN Power Device by Country
12. Global GaN Power Device Consumption and Demand Forecast, by Power Device Segments (2022-2028)
12.1. Global Forecasted Consumption of GaN Power Device by Power Device Segments (2022-2028)
12.2. Global Consumption and Price Forecast by Power Device Segments (2022-2028)
12.3. Global Forecasted Growth Rate of GaN Power Device by Power Device Segments (2022-2028)
13. Global GaN Power Device Consumption and Demand Forecast, by Voltage Range Segments (2022-2028)
13.1. Global Forecasted Consumption of GaN Power Device by Voltage Range Segments (2022-2028)
13.2. Global Consumption and Price Forecast by Voltage Range Segments (2022-2028)
13.3. Global Forecasted Growth Rate of GaN Power Device by Voltage Range Segments (2022-2028)
14. Global GaN Power Device Consumption and Demand Forecast, by Application Segments (2022-2028)
14.1. Global Forecasted Consumption of GaN Power Device by Application Segments (2022-2028)
14.2. Global Consumption and Price Forecast by Application Segments (2022-2028)
14.3. Global Forecasted Growth Rate of GaN Power Device by Application Segments (2022-2028)
15. Global GaN Power Device Consumption and Demand Forecast, by Vertical Segments (2022-2028)
15.1. Global Forecasted Consumption of GaN Power Device by Vertical Segments (2022-2028)
15.2. Global Consumption and Price Forecast by Vertical Segments (2022-2028)
15.3. Global Forecasted Growth Rate of GaN Power Device by Vertical Segments (2022-2028)
16. Research Finding and Conclusion
17. Methodology and Data Source
17.1. Methodology/Research Approach
17.1.1. Research Programs/Power Device
17.1.2. Market Size Estimation
17.1.3. Market Breakdown and Data Triangulation
17.2. Data Source
17.2.1. Secondary Sources
17.2.2. Primary Sources
17.3. Author List
17.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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