GaN Power Device Market Dynamics: Supply Chain Analysis, Price Trends, and Market Competition
GaN power device market is
expected to witness market growth at a rate of 49.95% in the forecast
period of 2021 to 2028. Data Bridge Market Research report on GaN power device
market provides analysis and insights regarding the various factors expected to
be prevalent throughout the forecast period while providing their impacts on the
market’s growth.
Gallium nitride (GaN)
transistors have progressed as an improved performance alternative of
silicon-based transistors, due to their capacity of constructing more dense
devices for an assumed resistance value and breakdown voltage in comparison to
the silicon devices.
Market Insights and Scope
Major factors that are
expected to boost the growth of the GaN power device market in the forecast
period are the vast revenue generation from the customer electronics and
automotive verticals and the wide bandgap property of GaN material supporting
innovation. Furthermore, the
achievement of GaN in the
RF-power electronics, the rise in the acceptance and the growing adoption of
GaN RF power device in military, defense, and aerospace vertical are further
propelling the growth of the GaN power device market. On the other hand, the
struggle from sic devices in the high-voltage power applications is further
expected to obstruct the growth of the GaN power device market in the timeline
period. In addition, the potential utilization of GaN in 5g infrastructure.
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