A $1 Billion Global Opportunity for GaN Power Devices by 2026 - New Research from StrategyR
SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "GaN Power Devices - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
- Global competitiveness and key competitor percentage market shares
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Edition: 6; Released: January 2022
Executive Pool: 1506
Companies: 41 - Players covered include Ampleon Netherlands B.V.; Analog Devices, Inc.; Cree, Inc.; Efficient Power Conversion Corporation; Epigan NV; Exagan; GaN Systems, Inc.; GaNPower International Inc.; Infineon Technologies AG; INTEGRA Technologies Limited; MACOM Technology Solutions Holdings, Inc. (MACOM); Microsemi Corporation; Mitsubishi Electric Corporation; Navitas Semiconductor, Inc.; Northrop Grumman Corporation; Panasonic Corporation; Polyfet RF Devices; Qorvo, Inc.; Qromis, Inc.; Sumitomo Electric Industries Ltd.; Texas Instruments, Inc.; Transphorm Inc.; VisIC Technologies Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Component (GaN Power Discrete Devices, GaN Power ICs, GaN Power Modules); Industry Vertical (Consumer Electronics, IT & Telecommunication, Automotive, Aerospace & Defense, Other Industry Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Amid the COVID-19 crisis, the global market for GaN Power Devices estimated at US$413.1 Million, is projected to reach a revised size of US$1 Billion by 2026, growing at a CAGR of 16.4% over the analysis period. GaN Power Discrete Devices, one of the segments analyzed in the report, is projected to record a 13.8% CAGR and reach US$523.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the GaN Power ICs segment is readjusted to a revised 15.2% CAGR for the next 7-year period.
The GaN Power Devices market in the U.S. is estimated at US$129.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$226.7 Million by the year 2026 trailing a CAGR of 20.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 14.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.
In the global GaN Power Modules segment, USA, Canada, Japan, China and Europe will drive the 18.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$120.6 Million will reach a projected size of US$397 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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