Global Gan Power Device
Market Report
2025
The global GaN Power Device market size is USD 3.06 billion in 2024. The GaN Power Device market will show the strongest growth with a compound annual growth rate (CAGR) of 26.3% from 2024 to 2031. This growth can be attributed to electric vehicles, renewable energy, industrial automation, and consumer electronics sectors driving GaN power device growth.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global GaN Power Device market size will be USD 3.06 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 26.3% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Gan Power Device Market Sales Revenue | $ 3.06 Billion | 121212 | 121212 | 121212 | 26.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by By Product |
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Market Split by By Component |
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Market Split by By Wafer Size |
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Market Split by By Application |
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Market Split by By End-Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Gan Power Device Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The growth of GaN (Gallium Nitride) power devices is primarily driven by several key market factors. Firstly, there is increasing demand for higher efficiency and power density in electronic devices across various sectors, including automotive, consumer electronics, telecommunications, and industrial applications. GaN power devices offer significant advantages over traditional silicon-based devices, such as lower switching losses, higher operating frequencies, and improved thermal management. These are crucial for applications requiring compact size and energy efficiency. Additionally, the rising adoption of renewable energy sources and electric vehicles necessitates advanced power electronics capable of handling higher voltages and currents efficiently, further propelling the demand for GaN devices. Moreover, ongoing research and development efforts to enhance GaN manufacturing processes and reduce costs are driving wider adoption and integration into next-generation power electronics solutions, solidifying GaN's position as a leading technology in the power semiconductor market.
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In April 2024, two new GaN System-in-Packages (SiPs) were introduced by Weltrend Semiconductor Inc. and Transphorm, Inc., a GaN power semiconductor provider. These most recent models, the WT7162RHUG24C and WT7162RHUG24B, combine Transphorm's 150 m? and 480 m? SuperGaN FETs with Weltrend's high-frequency multi-mode (QR/Valley Switching) Flyback PWM controller. With this partnership, Weltrend's flagship GaN SiP, which was introduced last year, is expanded upon, creating the first SiP product family based on Transphorm's SuperGaN platform. (Source: https://ir.transphormusa.com/news-releases/news-release-details/transphorm-and-weltrend-semiconductor-release-new-integrated-gan )
Top Companies Market Share in Gan Power Device Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue, increasing demand for energy-efficient technologies across various sectors, including consumer electronics, automotive, and telecommunications. Favorable regulatory frameworks, robust R&D investments, and a strong focus on technological innovation contribute to North America's leadership in advancing GaN power device applications and market penetration.
Asia-Pacific stands out as the fastest-growing region in the GaN Power Device market due to increased adoption in sectors like consumer electronics, automotive, and telecommunications. Factors such as technological advancements, supportive government initiatives, and the presence of key manufacturers contribute to this region's leadership in GaN power device market growth.
The current report Scope analyzes Gan Power Device Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Gan Power Device Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Gan Power Device Industry growth. Gan Power Device market has been segmented with the help of its By Product, By Component By Wafer Size, and others. Gan Power Device market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Information & Communication Technology is the dominant category. Process automation encompasses the utilization of computers and robotics to automate port activities. Supporting this is the incorporation of augmented intelligence, augmented behavior, sensors, networks, and standards. Terminals that have automated systems installed tend to run more smoothly and have fewer delays, which in turn leads to decreased fuel consumption. It is reasonable to anticipate a significant drop in the amount of carbon emissions generated by port operations.
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Market segmentation based on By Component explains not only the historical market size/share data of Power IC, Transistor, Rectifier, Diode, Others but also the forecasted revenue growth. This will also help to analyze the demand for Gan Power Device across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key By Component of Gan Power Device are:
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Gan Power Device Market is witnessing significant growth in the near future.
In 2023, the GaN Radio Frequency Devices segment accounted for noticeable share of global Gan Power Device Market and is projected to experience significant growth in the near future.
The Power IC segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies GaN Systems , Qorvo and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
By Product | GaN Radio Frequency Devices, Opto-Semiconductors, Power Semiconductors |
By Component | Power IC, Transistor, Rectifier, Diode, Others |
By Wafer Size | 2-inch, 4-inch, 6-inch, 8-inch |
By Application | Lighting & Lasers, Power Drives (LiDAR, Industrial Drives, EV Drives), Supplies and Inverters (Inverter, SMPS, Wireless Charging, EV Charging), Radio Frequency (RF) (Front-end Module, Repeater/Booster/DAS) |
By End-Use | Automotive, Consumer Electronics, Defense & Aerospace, Healthcare, Industrial & Power, Information & Communication Technology, Others |
List of Competitors | GaN Systems, NTT Advanced Technology Corporation, Qorvo, Inc, NXP Semiconductors, Transphorm, Inc. |
This chapter will help you gain GLOBAL Market Analysis of Gan Power Device. Further deep in this chapter, you will be able to review Global Gan Power Device Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Gan Power Device. Further deep in this chapter, you will be able to review North America Gan Power Device Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Gan Power Device. Further deep in this chapter, you will be able to review Europe Gan Power Device Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Gan Power Device. Further deep in this chapter, you will be able to review Asia Pacific Gan Power Device Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Gan Power Device. Further deep in this chapter, you will be able to review South America Gan Power Device Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Gan Power Device. Further deep in this chapter, you will be able to review Middle East Gan Power Device Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Gan Power Device. Further deep in this chapter, you will be able to review Middle East Gan Power Device Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Gan Power Device. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation By Product Analysis 2019 -2031, will provide market size split by By Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by By Product Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by By Component Analysis 2021 - 2033
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Chapter 12 Market Split by By Wafer Size Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by By Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by By End-Use Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Gan Power Device market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why GaN Radio Frequency Devices have a significant impact on Gan Power Device market? |
What are the key factors affecting the GaN Radio Frequency Devices and Opto-Semiconductors of Gan Power Device Market? |
What is the CAGR/Growth Rate of Power IC during the forecast period? |
By type, which segment accounted for largest share of the global Gan Power Device Market? |
Which region is expected to dominate the global Gan Power Device Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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