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
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

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.

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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

Our MarketGlass^™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

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.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.