GaN Semiconductor Device Market Booming Worldwide with Latest Trend and Future Scope by 2028Posted by Tom C on February 27th, 2024 The global GaN semiconductor device market size is estimated to be worth USD 21.1 billion in 2023 and is projected to reach USD 28.3 billion by 2028, at a CAGR of 6.1% during the forecast period. Increasing adoption of GaN semiconductor devices in consumer and business enterprises, surging deploymnet of GaN semiconductor devices in energy & power industry, and growing integration of GaN semiconductor devices in automotive industry are some of the major factors driving the market growth globally. Discrete semiconductor segment to register largest market share in the GaN semiconductor device market during forecast period Discrete GaN semiconductor components include GaN transistors and GaN diodes that are individually packaged and marketed. These components are used in diverse applications such as power supply units, inverters, and radio frequency (RF) amplifiers. GaN transistors and diodes effectively manage substantial voltage and current levels, leading to powerful designs. Additionally, they enable more compact and lightweight circuits suitable for applications where constraints on size and weight are paramount. Download PDF Brochure: Power & Energy to register highest CAGR in the GaN semiconductor device market during forecast period Asia Pacific held for the largest GaN semiconductor device market share in 2022 GaN Semiconductor Device Market Key Players Like it? Share it!More by this author |