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Power GaN Devices Market is estimated to advance at a CAGR of 40.6% by 2031, Finds TMR

Transparency Market Research delivers key insights on the global power GaN devices market. In terms of revenue, the global power GaN devices market is estimated to expand at a CAGR of 40.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global power GaN devices market.

The global power GaN devices market is broadly affected by several factors, including rise in demand for GaN-based high electron mobility transistors (HEMTs) for applications in power devices and radio frequency (RF) power amplifiers due to their superior material characteristics as compared to that of silicon (Si)-based materials.

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Power GaN Devices Market: Dynamics

The power electronics industry has witnessed the theoretical limit reached by silicon MOSFETs and needs to move to a new element. GaN (Gallium Nitride) on diamond is an alternative material to pure GaN in the field of high power semiconductors and power electronics.

The increase in demand for GaN on diamond based high electron mobility transistors (HEMTs) due to their properties such as reduction of the thermal resistance between the heat sources and the diamond decreases the thermal constraints providing the device designer additional options to exploit the inherent characteristics and miniaturization. Additionally, recent trend in power GaN applications in power electronics represent a prominent market for GaN electronic devices currently. Major trends in the developments for GaN power devices are p-GaN HEMTs for enhancement-mode (E-mode) operation and GaN-on-GaN technology for higher operating voltages. The breakdown voltages for p-GaN HEMTs and vertical GaN devices also exceeded to 1000 v and 1.5 kv, respectively. This is expected to fuel the demand for GaN power devices across various power devices.

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Power GaN Devices Market: Prominent Regions

The power GaN devices market in Asia Pacific is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and expansion of the semiconductor and automotive sectors in the region. Asia Pacific has the presence of robust expanding economies, including China, South Korea, Japan, and Taiwan. Industrial expansion coupled with the presence of a well-established supply chain network catering to a wide range of industries including IT & telecommunication, automotive, semiconductor & electronics, industrial, aerospace & defense is expected to propel the demand for GaN power devices; consequently, driving the global power GaN devices market. China accounted for a prominent share, in terms of value, among all countries.

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Power GaN Devices Market: Key Players

Key players operating in the global power GaN devices market are Efficient Power Conversion Corporation, Inc., Fujitsu limited, GaN Power Inc., GaN systems, Infineon Technologies, Navitas Semiconductor, On Semiconductors, Panasonic Corporation, and VisIC Technologies.

The competitive landscape of the Power GaN Devices market gives information by competitor. The company’s financials, product width and breadth, product launch, company strengths and weaknesses, market potential, revenue generated, investment in R&D, global presence, new market initiatives, production capacities, production sites and facilities, as well as application dominance are among the details that are included. The data points mentioned above mainly concern the firms’ focus on the global Power GaN Devices market.

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