The global GaN power device market size was valued at US$ 1.67 Billion in 2020 and is expected to reach US$ 5.6 Billion by 2027, with a growing CAGR of 29.1% during the forecast period (2021-2027).
Gallium Nitride (GaN) is a technologically advanced and a wide bandgap semiconductor. The GaN power device is an essential technology as it provides an upgraded performance in various applications. The GaN technology has become essential due to its benefits such as high efficiency, switching speed, size, and high-temperature tolerance. The increasing energy demand across the globe has boosted the sales of GaN products which also reduces the carbon footprint.
For instance, it is estimated that a worldwide Si-to-GaN data center up-gradation would reduce energy loss by 30-40%, which will further save over 100 TWhr and 125 M-tons of CO2 emissions by 2030.
Moreover, in December 2016, Efficient Power Conversion Corporation (EPC) launched wireless charging systems based on WiTricity’s reference designs that feature gallium Nitride (GaN)-based solutions with ASD Technology Limited (ASD). The development is in response to the rising customer and end-user manufacturers who are showing interest in wireless charging products using gallium nitride technology. Moreover, the decline in the price of GaN power device is also one of the major factors to boost the growth of GaN market.
In addition to this, the rising adoption of GaN power devices in electric vehicles has uplifted the growth of the global GAN power device market. Electric vehicles are mainly equipped with power modules to drive motors at higher voltage, as these devices reduce the current leakage between the collector and emitter terminals and enhance the switching rate with high frequency. Moreover, high voltage battery system in both HEVs and EVs requires power management devices for power handling from the battery to motor drivers. Furthermore, the sales of electric vehicles have increased significantly and are expected to reach 41 million by 2040. These factors have provided lucrative growth opportunities for the growth of the GaN power device market.
By Device Type
By Voltage Range
By Industry Vertical
Based on application, the radio frequency segment register the highest CAGR during the forecast period owing to the various type of applications in consumer electronics and defense
The radio frequency segment is projected to grow at the highest CAGR during the forecast period owing to the increasing use of Gallium radio frequency devices for different types of applications in many industries such as consumer electronics and defense, which are the early adopters in the market. The radio frequency is also used in Improvised Explosive Devices (IEDs) as they offer high performance at medium costs that are expected to accelerate the segment growth. Moreover, high-frequency are used in vehicular communication systems and vehicle-to-grid communication systems of electric vehicles.
Based on the industry vertical, the information & communication technology industry segment dominated and have the largest revenue share during the forecast period owing to the increasing adoption of IoT
The Information & Communication Technology segment holds the largest revenue share of over 23% in 2020. The segment growth is mainly attributed to the high adoption of IoT (Internet of Things) in various industries. IoT devices use efficient and cost-effective components that ease a constant exchange of information. GaN power devices serve lower power consumption and high efficiency for the proper functioning of IoT-enabled products. Moreover, these devices are used in Distributed Antenna Systems (DAS), small cell, and remote radio head network densification. The device is also used in data centers, servers, base stations, and others.
The military, defense, and aerospace segments are expected to witness the fastest growth rate during the forecast period owing to the use of various technologically advanced devices. The GaN power devices are utilized in the defense and aerospace industry to increase the bandwidth and performance reliability in communications, electronic warfare, and radars, among others. The ICs used in radar boards incorporate GaN that enables efficient navigation facilitates collision avoidance and enables real-time air traffic control.
Based on regions, North America captures the major market share in GaN power device market in 2021, followed by Asia-Pacific and Europe
North America led the GaN power devices market and holds the largest revenue share of 33% in 2020. The growth of the GaN power device market in the region is attributed to the presence of key players such as CREE WOLFSPEED, MACOM, Microsemi, Efficient Power Conversion Corporation, and others. Moreover, the increased spending by the defense and aerospace sector and the rise in the acceptance of energy-efficient devices are the major factors to boost the growth of the GaN power device market in the region.
Besides, Asia-Pacific is expected to be the fastest-growing region in the GaN power device market due to increasing technological advancements that are leading to the augmented demand for effective and high-performance RF components. Moreover, the increasing adoption of wireless electronic devices and the production of telecommunication infrastructure is proliferating the growth of GaN power devices in the future..
The report also provides an in-depth analysis of GaN power device market dynamics such as drivers, restraints, and opportunities
The COVID-19 pandemic has significantly affected the major industries such as manufacturing, oil & gas, and others due to the strict lockdown imposed by governments across the globe. The GaN device semiconductor business was negatively impacted by the pandemic. The distribution and the supply chain of GaN devices has been disrupted due to the restrictions imposed by governments across the globe. The COVID-19 has not only impacted the operations of the manufacturers of GaN devices but has also affected the business of suppliers and distributors. The downfall in the export shipment and the slow domestic demand as compared to pre-COVID-19 has also led to the decline in the demand for Gan Power devices.
The report also provides an in-depth analysis of key trends in the GaN Power Device market
The report also provides an in-depth analysis of the recent News developments and Investments
The key players operating in the market are:
The unique insights provided by this report also include the following:
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports
Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)