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GaN Power Devices Market Will Escalate Rapidly in the Near Future

Growing popularity of GaN power devices due to enhanced performance among industry applications and requirement of enhanced battlefield performance has driven the global GaN power devices market.<br>

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GaN Power Devices Market Will Escalate Rapidly in the Near Future

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  1. GAN POWER DEVICES MARKETGrowing Demand for Electric Vehicles Behind Growth of Market One of the key factors boosting the growth of the global GaN power devices market is the burgeoning growth of the automotive industry. The increasing demand of electric vehicles in the automotive sector will be one of the primary draw drivers for the global gain power devices Market in the near future. Therefore the spotlight in which electric vehicles have come today on account of their environment benefits will definitely favour the GaN power device market. This is because GaN power devices provide high power density which helps in bridging the gap in the traditional automotive industry.  ©2019 Transparency Market Research, All Rights Reserved

  2. Table of Content

  3. Key Players in the Report: The GaN Power Devices Marketis concentrated in nature with leading players such as • Fujitsu Limited • Transphorm Inc. • Cree Incorporated (Wolfspeed), • OSRAM Opto Semiconductors GmbH • Qorvo, Inc

  4. Report Highlights • Growing popularity of GaN power devices due to enhanced performance among industry applications and requirement of enhanced battlefield performance has driven the global GaN power devices market. • The global GaN power devices market is anticipated to expand at a CAGR of 17.5% during the forecast period from 2017 to 2025. The global GaN power devices market was valued at US$223.50 mn in 2015 and is expected to rise to US$1.4 bn by 2025. • The growing importance of solid battery support in developing regions and high penetration of smartphones will help GaN power devices to become an integral part of the smartphone industry.  Request Sample of Report

  5. High procurement cost will act as a challenge. The processing complexity will also be a problem for the growth of the market. • The global GaN power devices market comprises large as well as mid-level vendors, including Efficient Power Conversion Corporation, NXP Semiconductors N.V., GaN Systems Inc., Texas Instruments, and Infineon Technologies AG. These companies have been able to establish a strong presence globally. 

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