Global GaN Industrial Devices Market Anticipated To Reach Over USD 1,875.78 By 2026 And Grow At A CAGR Of 15.22%

According to researchers at Zion Market Research, the global GaN industrial devices market was valued USD 732 Million in 2019 and is projected to reach USD 1,875.78 Million by the end of 2026, developing at a CAGR of over 15.22% during the forecasted period 2020–2026. GaN (gallium nitride) has a wide bandgap and due to its highly developed features like high switching frequencies, high breakdown voltage, high conduction & thermal stability, and enhanced power efficiency, it is mostly being preferred for several applications. These attributes have made GaN power semiconductors to use in different high power applications like inverters for trains, power converter circuits, inverters for home appliances, turbines, broadband wireless networks systems, electric & hybrid vehicles, and industrial & heavy electrical systems. GaN technology is set to reinstate the silicon technology due to its advanced characteristics and rising applications than silicon. The characteristics of GaN facilitate its discretes, for example, HEMTs, FETs, Schottky diodes and other superior power devices to function at high voltages efficiently.

Some of the prominent players in the market are GaN Systems Inc., Fujitsu Limited, International Rectifier Corporation, Freescale Semiconductors Incorporated, Efficient Power Conversion Corporation, RF Micro Devices Inc., Renesas Electronics Corporation, NXP Semiconductors N.V., Texas Instruments Inc., Toshiba Corporation, Nichia Corporation, International Quantum Epitaxy, and Cree Inc.

Rise In The Demand Of Industrial Devices From Various Segments To Boost The Global GaN Industrial Devices Market

The GaN industrial devices market is projected to advance in the future in medium-voltage power electronics market. The GaN industrial devices are also utilized in the automobile segment for the production of the hybrid and electric vehicles, which is augmenting the demand for the GaN industrial devices. The greater share of the profits in the GaN industrial devices market is reported from the ICT (information & communications technology) segment due to augmenting replacements of Si-based devices with GaN. The popularity of the optoelectronics has increased owing to the rising demand for the laser diodes in different end-user segments. The surge in the LTE (long term evolution) wireless networks is one of the main growth aspects for the GaN RF semiconductor devices market. The persistent rise in data consumption has induced the development of commercial networks and will persuade network carriers to take up latest-generation LTE networks, like 4G, 5G, and 7G.

The global GaN industrial devices market is bifurcated on the basis of device type, voltage range, application, vertical, and regional analysis. Based on the device type, the market is divided into power and RF power. Based on the voltage range, the market is divided into <200 volt, 200–600 volt, and >600 volt. Based on the application, the market is divided into supply & inverter, power drivers, and radio frequency. Based on the vertical, the market is divided into industrial; telecommunications; renewable; automotive; military, defense and aerospace; consumer & enterprise; and medical.

North America Estimated To Witness Maximum Share In The Global GaN Industrial Devices Market

Based on geographical analysis, the global GaN industrial devices market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. In terms of value, the North American region witnessed the major share in 2014 and accounted for around 33% of the global market. This is mainly owing to extensive use of GaN-based devices in the high-frequency satellite communications along with augmenting utilization of high-performance GaN-based transistors in defense and military applications in this region.

Browse the full “GaN Industrial Devices Market - By Device Type (Power and RF Power), By Voltage Range (<200 volt, 200–600 volt, and >600 volt), By Application (Supply & Inverter, Power Drivers, and Radio Frequency), By Vertical (Industrial; Telecommunications; Renewable; Automotive; Military, Defense And Aerospace; Consumer & Enterprise; and Medical), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/gan-industrial-devices-market

The global GaN industrial devices market is segmented as follows:

By device type:

• Power
• RF power

By voltage range:

• <200 volt
• 200–600 volt
• >600 volt

By vertical:

• Automotive
• Renewables
• Telecommunications
• Industrial
• Consumer and Enterprise
• Military, Defense, and Aerospace
• Medical

By application:

• Supply & Inverter
• Power Drivers
• Radio Frequency

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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