Learn about the global gallium nitride semiconductor devices market through The Business Research Company, which provides information on gallium nitride semiconductor devices market size, gallium nitride semiconductor devices market drivers and restraints, gallium nitride semiconductor devices market players, the COVID-19 impact on the gallium nitride semiconductor devices market, and more.

The global gallium nitride semiconductor devices market size is expected to increase from $6.24 billion in 2021 to $7.00 billion in 2022 at a compound annual growth rate (CAGR) of 12.13%. The change in the gallium nitride semiconductor market growth trend is mainly due to companies’ stabilising their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The market size is expected to reach $12.41 billion in 2026 at a CAGR of 15.38%.

Increasing demand for consumer electronics is expected to propel the growth of the gallium nitride semiconductor devices market.

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The gallium nitride semiconductor devices market consists of sales of semiconductor device products by entities (organizations, sole traders, and partnerships) that refer to the manufacturing of semiconductor devices such as transistors and diodes for the conversion of energy to power using gallium nitride material. Gallium nitride semiconductor devices have dynamic electric and chemical properties that are used to develop electronic power devices that are very hard, mechanically stable, high voltage, and have a high frequency. Gallium nitride semiconductors are on the rise as a replacement for silicon-based semiconductors because they can meet growing demands for improved power system efficiency, performance, and system cost.

Global Gallium Nitride Semiconductor Devices Market Segments Include:

By Component: Transistor, Diode, Rectifier, Power IC

By Device Type: Opto-Semiconductors, Power Semiconductors, RF Semiconductors

By Application: Lighting and Lasers, Supplies and Inverters, Radio Frequency, Power Drives, Consumer and Enterprises, Industrial, Telecommunications, Automotive, Renewables, Aerospace and Defense Healthcare

By Wafer Size: 2 Inch, 4-Inch, 6-Inch, 8-Inch

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the gallium nitride semiconductor device market.

Technological advancement is a key trend gaining popularity in the gallium nitride semiconductor devices market. The key players in the market are focusing on developing new technological solutions to increase the reliability of power supply circuits.

TBRC’s gallium nitride semiconductor devices market report covers:

Major Market Players: Cree, Inc., Efficient Power Conversion Corporation, Fujitsu Ltd., GaN Systems, Infineon Technologies AG, Qorvo, Inc., NexgenPowerSystems, NXP Semiconductor, Texas Instruments Incorporated, Toshiba Corporation, Samsung, Mitsubishi Electric, MACOM, ST Micro Electronics, Panasonic, Dialog Semiconductor, ST Micro Electronics, Panasonic, and Dialog Semiconductor.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Gallium Nitride Semiconductor Devices Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides gallium nitride semiconductor devices market overviews, analyzes and forecasts market size, share, gallium nitride semiconductor devices market players, gallium nitride semiconductor devices market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s gallium nitride semiconductor devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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