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Power GaN Devices Market Share

Report ID: GMI11259
Published Date: Sep 2024
Report Format: PDF

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Power GaN Devices Market Share

Key market players in the power GaN devices industry are focusing on expanding their product portfolios through continuous innovation and strategic partnerships. Companies are investing heavily in R&D to enhance the efficiency and performance of GaN devices, targeting high-growth sectors like electric vehicles, renewable energy, and consumer electronics. Additionally, players are optimizing production processes to reduce costs, making GaN technology more competitive with traditional silicon solutions. Collaborations with automotive and industrial giants are also pivotal, enabling broader adoption and reinforcing their market positions globally.

Power GaN Devices Market Companies

Major players operating in the power GaN devices industry are:

Infineon Technologies AG
GaN Systems Inc.
Efficient Power Conversion Corporation (EPC)
Texas Instruments Incorporated
Navitas Semiconductor
Qorvo, Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for power GaN devices was USD 342.9 million in 2023 and will expand at a 35% CAGR between 2024 and 2032, owing to the increasing demand for energy-efficient and high-performance electronics.

Power GaN devices industry from the automotive segment will witness 37.5% CAGR through 2032, propelled by the rising demand for electric vehicles (EVs) and advanced driver-assistance systems (ADAS).

North America industry held 30% share in 2023 due to the strong focus on technological innovation and adoption of advanced electronics

Prominent players including Infineon Technologies AG, GaN Systems Inc., Efficient Power Conversion Corporation (EPC), Texas Instruments Incorporated, Navitas Semiconductor, and Qorvo, Inc., are operating in the power GaN devices industry.