GaN Semiconductor Devices Market to Exhibit Massive CAGR of 17.4% due to Flourishing Automotive Industry - TMR
According to the research report, the GaN semiconductor devices market stood at an initial valuation of US$870.9 mn in 2016.
- According to the research report, the GaN semiconductor devices market stood at an initial valuation of US$870.9 mn in 2016.
- With a massive CAGR of 17.4% expected over the course of the given forecast period of 2016 to 2024, the global GaN semiconductor devices market will reach a valuation of US$3438.4 mn.
- The competition in the market is pretty intense and is only expected to grow as new players are starting to enter in the GaN semiconductor devices market.
- The automotive sector is the biggest end-user and growth driver for the global GaN semiconductor devices market.