Gan Power Devices Market: Structure and Overview of Key Market Forces Propelling Market

The global GaN power devices market comprises several large as well as mid-level vendors, due to the proliferation of lucrative opportunities in the market. Efficient Power Conversion Corporation, NXP Semiconductors N.V., GaN Systems Inc., Texas Instruments, and Infineon Technologies AG are among the leading players in the GaN power devices market.

According to Transparency Market Research (TMR), the global GaN power devices market is expected to exhibit a robust 17.5% CAGR from 2017 to 2025. The GaN power devices market’s revenue valuation is likely to rise from US$223.5 mn in 2015 to more than US$1.4 bn by 225.

The GaN power devices market has been studied in five geographical segments, namely North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America was the largest segment in terms of revenue and held more than 35% of the market in 2015.

Obtain Report Details @

https://www.transparencymarketresearch.com/gan-power-devices-market.html

The booming automotive industry and the rising prominence of electric vehicles in the global automotive sector is likely to consistently remain a prime driver for the GaN power devices market in the coming years. Electric vehicles have come into the spotlight in the global automotive industry due to their environmental benefits.

The GaN power devices market has benefited from the electric vehicle industry boom due to the high power density offered by GaN power devices, which has proved a key step in bridging the gap towards the conventional automotive industry. The rising awareness about the improving performance characteristics of electric vehicles is likely to remain a key driver for the global GaN power devices market.

The GaN power devices market is largely driven by expansion in the application areas for GaN-based devices due to flourishing consumer electronics industry. Moreover, increase in requirement of GaN devices for commercial RF applications and rise in demand for GaN devices for wireless charging are expected to further bring significant growth in the overall market. However, high procurement cost and processing complexity might create challenge for the overall growth of this market.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=29414

The consumer electronics sector is also a major consumer in the global GaN power devices market. The growing demand for smartphones in developing regions and the importance of solid battery support for consumers in the region has led to the GaN power devices industry becoming a key part of the smartphone industry boom. Growing adoption of IoT and remote sensing technology in the consumer electronics sector is likely to provide the GaN power devices market with a steady sales outlet in the coming years.

The market is expected to witness the entry of a significant number of GaN power device vendors in the coming years, intensifying the competition. Other significant players in the market include Fujitsu Limited, Transphorm Inc., Cree Incorporated (Wolfspeed), OSRAM Opto Semiconductors GmbH, and Qorvo, Inc., among others.

Get ToC@

https://www.transparencymarketresearch.com/report-toc/29414

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.