Global GaN Power Device Market is expected to reach USD 4396.3 Million by 2026 from USD 334 Million in 2016 at a CAGR of 29.4%. Increasing use in consumer electronics and automotive verticals and increasing adoption of GaN radio frequency power device in the military, defense and aerospace vertical are some of the major factors driving the market growth.
GaN power market
The Global GaN Power Device Market based on device type has been segmented into power devices and RF power devices. RF power devices formed one of the major contributors for the market growth. Based on application, the GaN Power Device market has been segmented into power drives, supply and inverter, and radio frequency. Power drives formed one of the major contributors for the market growth.
Geographically, Global GaN Power Device Market has been segmented into Asia-Pacific, North America, Europe, Middle-East & Africa and Latin America. APAC is expected to hold one of the major shares for this market during the forecast period and is further assumed to maintain high growth as well. North America and Europe are expected to be other major regions for this market.
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