Power GaN Market Report, Analysis, Opportunities by 2031
The Power GaN Market is expected to register a CAGR of 14.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Device Type (GaN Power Discrete Devices, GaN Power ICs, and GaN Power Module); Vertical (Consumer Electronics, IT & Telecommunication, Automotive, Aerospace and Defense, and Healthcare). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Power GaN Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Power GaN Market Segmentation
Device Type- GaN Power Discrete Devices
- GaN Power ICs
- GaN Power Module
- Consumer Electronics
- IT & Telecommunication
- Automotive
- Aerospace and Defense
- Healthcare
Strategic Insights
Power GaN Market Growth Drivers- Increasing Demand for High-Efficiency Power Devices: The growing need for energy-efficient solutions across various industries, including consumer electronics, automotive, and telecommunications, is a major driver for the Power Gallium Nitride (GaN) market. GaN-based power devices offer superior efficiency, faster switching speeds, and smaller form factors compared to traditional silicon-based devices. As energy consumption optimization becomes more critical, GaN technology is being increasingly adopted in power electronics for applications like power supplies, electric vehicles (EVs), and renewable energy systems.
- Growth of Electric Vehicles (EVs) and Renewable Energy Systems: The accelerating adoption of electric vehicles and renewable energy sources like solar and wind is driving the demand for GaN-based power devices. GaN technology is highly suitable for use in electric vehicle charging stations, inverters, and DC-AC converters due to its ability to handle high power levels with low losses and improved thermal management. Additionally, GaN devices support the miniaturization and efficiency of power conversion systems in renewable energy applications, making them crucial for the expansion of clean energy infrastructure.
- Advancements in GaN Semiconductor Manufacturing: Continuous improvements in GaN semiconductor manufacturing processes are leading to better performance and lower costs, which are making GaN devices more accessible to a wide range of industries. Innovations such as GaN-on-Silicon technology are enabling the integration of GaN devices with existing silicon manufacturing processes, reducing production costs and facilitating large-scale adoption in consumer and industrial applications.
- Integration of GaN Power Devices in Consumer Electronics: As the demand for smaller, lighter, and more energy-efficient consumer electronics rises, Power GaN devices are being increasingly incorporated into power adapters, chargers, and other compact electronic systems. GaN technology enables smaller, high-power-density solutions that provide faster charging and longer battery life, especially in devices like smartphones, laptops, and gaming consoles. This trend is expected to grow as more consumer electronic products move towards GaN-based power solutions.
- Expansion in 5G and Telecommunications Infrastructure: The rollout of 5G networks is creating a significant opportunity for Power GaN devices in telecommunications infrastructure. GaN’s high power density, efficiency, and ability to handle high-frequency signals make it an ideal choice for power amplifiers, RF components, and base stations used in 5G technologies. As the global 5G network infrastructure expands, the demand for GaN-based solutions in telecommunication applications is expected to grow, creating a vast market opportunity for GaN manufacturers.
- Military and Aerospace Applications: Power GaN’s high-performance capabilities, including better thermal management and efficiency, make it ideal for use in military and aerospace applications. GaN-based devices can improve radar, satellite communication, and power systems, presenting substantial opportunities for growth in defense and aerospace sectors.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Power GaN Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Power GaN Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Power GaN Market Source: https://www.theinsightpartners.com/reports/power-gan-market is estimated to witness a CAGR of 14.1% from 2023 to 2031
The major factors driving the power GaN market are:
1. Increasing Demand for High-Efficiency Power Devices.
2.Growth of Electric Vehicles (EVs) and Renewable Energy Systems
Expansion in 5G and Telecommunications Infrastructure is likely to remain a key trend in the market.
Key players in the power GaN market include EFFICIENT POWER CONVERSION CORPORATION, FUJITSU, INFINEON TECHNOLOGIES AG, CREE INC, MITSUBISHI ELECTRIC, TOSHIBA CORP , TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, GAN SYSTEMS, VISIC TECHNOLOGIES, and NAVITAS SEMICONDUCTOR
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. POWER GAN MARKET LANDSCAPE
3.1. OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Power GaN Market - By Device Type
3.2.2. Power GaN Market - By Vertical
3.2.3. Power GaN Market - By Region
3.2.3.1. By Countries
3.2.4. PEST Analysis
3.2.4.1. North America - PEST Analysis
3.2.4.2. Europe - PEST Analysis
3.2.4.3. Asia Pacific (APAC) - PEST Analysis
3.2.4.4. Middle East & Africa (MEA) - PEST Analysis
3.2.4.5. South America (SAM)- PEST Analysis
4. POWER GAN MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5. POWER GAN MARKET - GLOBAL MARKET ANALYSIS
5.1. POWER GAN- GLOBAL MARKET OVERVIEW
5.2. POWER GAN- GLOBAL MARKET AND FORECAST TO 2025
6. POWER GAN MARKET REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
6.1. OVERVIEW
6.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
6.3. GAN POWER DISCRETE DEVICES
6.3.1. Overview
6.3.2. GaN Power Discrete Devices Market Forecasts and Analysis
6.4. GAN POWER ICS MARKET
6.4.1. Overview
6.4.2. GaN Power ICs Market Forecasts and Analysis
6.5. GAN POWER MODULE MARKET
6.5.1. Overview
6.5.2. GaN Power Module Market Forecasts and Analysis
7. POWER GAN MARKET REVENUE AND FORECASTS TO 2028 - VERTICAL
7.1. OVERVIEW
7.2. VERTICAL MARKET FORECASTS AND ANALYSIS
7.3. CONSUMER ELECTRONICS MARKET
7.3.1. Overview
7.3.2. Consumer Electronics market forecast and analysis
7.4. IT & TELECOMMUNICATION MARKET
7.4.1. Overview
7.4.2. IT & Telecommunication market forecast and analysis
7.5. AUTOMOTIVE MARKET
7.5.1. Overview
7.5.2. Automotive market forecast and analysis
7.6. HEALTHCARE MARKET
7.6.1. Overview
7.6.2. Healthcare market forecast and analysis
7.7. Aerospace and Defense MARKET
7.7.1. Overview
7.7.2. Aerospace and Defense market forecast and analysis
7.8. OTHERS MARKET
7.8.1. Overview
7.8.2. Others market forecast and analysis
8. POWER GAN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1. North America Power GaN Market Overview
8.1.2. North America Power GaN Market Forecasts and Analysis
8.1.3. North America Market Forecasts and Analysis - By Countries
8.1.3.1. US market
8.1.3.2. Canada market
8.1.3.3. Mexico market
8.1.4. North America Market Forecasts and Analysis - By Device Type
8.1.5. North America Market Forecasts and Analysis - By Vertical
8.2. EUROPE
8.2.1. Europe Power GaN Market Overview
8.2.2. Europe Power GaN Market Forecasts and Analysis
8.2.3. Europe Market Forecasts and Analysis - By Countries
8.2.3.1. France market
8.2.3.2. Germany market
8.2.3.3. Italy market
8.2.3.4. Spain market
8.2.3.5. UK market
8.2.4. Europe Market Forecasts and Analysis - By Device Type
8.2.5. Europe Market Forecasts and Analysis - By Vertical
8.3. ASIA PACIFIC (APAC)
8.3.1. Asia Pacific Power GaN Market Overview
8.3.2. Asia Pacific Power GaN Market Forecasts and Analysis
8.3.3. Asia Pacific Market Forecasts and Analysis - By Countries
8.3.3.1. Australia market
8.3.3.2. China market
8.3.3.3. India market
8.3.3.4. Japan market
8.3.4. Asia Pacific Market Forecasts and Analysis - By Device Type
8.3.5. Asia Pacific Market Forecasts and Analysis - By Vertical
8.4. MIDDLE EAST AND AFRICA (MEA)
8.4.1. Middle East and Africa Power GaN Market Overview
8.4.2. Middle East and Africa Power GaN Market Forecasts and Analysis
8.4.3. Middle East and Africa Market Forecasts and Analysis - By Countries
8.4.3.1. South Africa market
8.4.3.2. Saudi Arabia market
8.4.3.3. UAE market
8.4.4. Middle East and Africa Market Forecasts and Analysis - By Device Type
8.4.5. Middle East and Africa Market Forecasts and Analysis - By Vertical
8.5. SOUTH AMERICA (SAM)
8.5.1. South America Power GaN Market Overview
8.5.2. South America Power GaN Market Forecasts and Analysis
8.5.3. South America Market Forecasts and Analysis - By Countries
8.5.3.1. Brazil market
8.5.4. South America Market Forecasts and Analysis - By Device Type
8.5.5. South America Market Forecasts and Analysis - By Vertical
9. INDUSTRY LANDSCAPE
9.1. MERGERS & ACQUISITIONS
9.2. MARKET INITIATIVES
9.3. NEW DEVELOPMENTS
9.4. INVESTMENT SCENARIOS
10. COMPETITIVE LANDSCAPE
10.1. COMPETITIVE COMPONENT MAPPING
10.2. MARKET POSITIONING/ MARKET SHARE
11. POWER GAN MARKET, KEY COMPANY PROFILES
11.1. EFFICIENT POWER CONVERSION CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. SWOT Analysis
11.1.5. Key Developments
11.2. FUJITSU
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. SWOT Analysis
11.2.5. Key Developments
11.3. INFINEON TECHNOLOGIES AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. SWOT Analysis
11.3.5. Key Developments
11.4. CREE INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. SWOT Analysis
11.4.5. Key Developments
11.5. MITSUBISHI ELECTRIC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. SWOT Analysis
11.5.5. Key Developments
11.6. TOSHIBA CORP.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. SWOT Analysis
11.6.5. Key Developments
11.7. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. SWOT Analysis
11.7.5. Key Developments
11.8. GAN SYSTEMS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. SWOT Analysis
11.8.5. Key Developments
11.9. VISIC TECHNOLOGIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. SWOT Analysis
11.9.5. Key Developments
11.10. NAVITAS SEMICONDUCTOR
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. SWOT Analysis
11.10.5. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
12.3. RESEARCH METHODOLOGY
1. EFFICIENT POWER CONVERSION CORPORATION
2. FUJITSU
3. INFINEON TECHNOLOGIES AG
4. CREE INC.
5. MITSUBISHI ELECTRIC
6. TOSHIBA CORP.
7. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY
8. GAN SYSTEMS
9. VISIC TECHNOLOGIES
10. NAVITAS SEMICONDUCTOR
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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