Gallium Nitride Semiconductor Devices Market Projected to Reach $33.54 billion by 2030 – Exclusive Report by 360iResearch
The report titled “Gallium Nitride Semiconductor Devices Market (GaN) by Device Type (Opto-semiconductor, Power Semiconductor, RF Semiconductor), Device (Discrete Semiconductor, Integrated Semiconductor), Component, Wafer Size, Voltage Range, Application, End-Use – Global Forecast 2024-2030“ is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $22.22 billion in 2023 to reach $33.54 billion by 2030, at a CAGR of 6.05% over the forecast period.
“The Impact and Growth of Gallium Nitride (GaN) Semiconductor Devices Globally“
Gallium nitride (GaN) semiconductor devices are transforming industries by enabling higher efficiency in power systems, advanced RF communications, and innovative lighting solutions. GaN devices outperform traditional silicon in improving energy efficiency and performance across various sectors with their remarkable ability to operate at higher temperatures, voltages, and frequencies. The surge in demand for efficient power electronics, alongside the expansion of electric vehicles and renewable energy systems, underscores the market’s growth trajectory. Additionally, the critical role of GaN technology in developing the infrastructure for 5G wireless networks further escalates its demand. Despite initial production cost challenges and technical constraints in packaging and thermal management, the sector has opportunities in emerging applications such as wireless charging, satellite communications, and smart grid technologies. The global landscape shows that the Americas is at the forefront of innovation, and R&D. APAC excels in production scale and efficiency, particularly in consumer electronics and automotive. The EMEA region navigates through various technological interventions and market-specific solutions, particularly in renewable energy and automotive sectors.
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Source:PR Newswire
