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GaN Power Devices Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028

Format: PDF | Pages: 308 | Report ID: MRS1243


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.)

Frequently Asked Questions

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.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global GaN Power Devices market size is expanding at a CAGR 33.1% from 2022-2028 to reach 1,600.9 Million USD in 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
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.

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