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Power GaN Devices Market Trends

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

Power GaN Devices Market Trends

The power GaN devices industry is witnessing significant growth driven by the increasing demand for energy-efficient solutions across various sectors, including renewable energy, electric vehicles (EVs), and consumer electronics. As industries focus on reducing energy consumption and enhancing performance, GaN devices are becoming essential due to their superior efficiency, high-frequency operation, and lower power losses compared to traditional silicon-based devices.
 

In the electric vehicle market, the adoption of power GaN devices is accelerating as manufacturers seek to improve power conversion efficiency and reduce the size and weight of electronic components. GaN's ability to operate at higher frequencies and temperatures, along with its compact form factor, makes it ideal for EV powertrains and charging infrastructure. This trend is further bolstered by global efforts to transition to cleaner transportation, driving the demand for advanced power electronics. For instance, in July 2024, Global semiconductor distributor Avnet partnered with GaN Systems to expand the distribution of advanced GaN power semiconductors. This collaboration aims to enhance the availability and support of GaN-based solutions across various industries. The move is expected to drive the adoption of GaN technology, offering improved performance and efficiency in power electronics applications.

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.

Power GaN Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 248
  • Countries covered: 23
  • Pages: 300
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