Report Feature
The future of the GaN power device market looks promising with opportunities in the telecommunication; industrial; automotive; renewable; consumer and enterprise; military, defense, & aerospace; and medical industries. The global GaN power device market is expected to grow with a CAGR of 27% to 29% from 2021 to 2026. The major drivers for this market are growth in electric vehicle production and government regulations for increasing renewable energy generation.
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The study includes trends and forecast for the global GaN power device market by device, end use industry, and region as follows:
By Device [$M shipment analysis for 2015 – 2026]:
- Power Devices
- Discrete Power Devices
- Integrated Power Devices
- RF Power Devices
- Discrete Power Devices
- Integrated Power Devices
By End Use Industry [$M shipment analysis for 2015 – 2026]:
- Telecommunications
- Industrial
- Automotive
- Renewables
- Consumer and Enterprise
- Military, Defense, and Aerospace
- Medical
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
GaN power devices will remain the largest segment due to increasing use of GaN transistors in various consumer, medical, industrial, and automotive applications. Cost-effective GaN devices are in high demand in wireless charging applications.
Within the GaN power device market, telecommunications will remain the largest end use industry during the forecast period due to the potential use of GaN devices in 5G infrastructure.
Asia Pacific will remain the largest region during the forecast period due to increasing electric vehicle demand, advancements in 5G network applications, and growth in demand for consumer electronics and automotive markets.
GaN power devices will remain the largest segment due to increasing use of GaN transistors in various consumer, medical, industrial, and automotive applications. Cost-effective GaN devices are in high demand in wireless charging applications.
Telecommunications will remain the largest end use industry during the forecast period due to the potential use of GaN devices in 5G infrastructure.
Asia Pacific will remain the largest region during the forecast period due to increasing electric vehicle demand, advancements in 5G network applications, and growth in demand for consumer electronics and automotive markets.
Some of the GaN power device companies profiled in this report include CREE, Infineon, Qorvo, Macom, Microsemi, Mitsubishi Electric, Efficient Power Conversion, GaN Systems.
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Features of GaN Power Device Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global GaN power device market by device (power devices and RF power devices), end use industry (telecommunications, industrial, automotive, renewables, consumer and enterprise; military, defense, & aerospace, and medical), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the GaN power device market? Q.5 What are the business risks and threats to the GaN power device market? Q.6 What are the emerging trends in the GaN power device market and the reasons behind them? Q.7 What are some changing demands of customers in the GaN power device market? Q.8 What are the new developments in the GaN power device market? Which companies are leading these developments? Q.9 Who are the major players in the GaN power device market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the GaN power device market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the GaN power device market? |
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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