Gallium Nitride Semiconductor Devices Market - Growth, Strategy Analysis, And Forecast 2032

Gallium Nitride Semiconductor Devices Market Definition

The gallium nitride semiconductor devices 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.

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Gallium Nitride Semiconductor Devices Market Characteristics:

The global gallium nitride semiconductor devices market size grew from $7.38 billion in 2022 to $8.79 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The gallium nitride semiconductor devices market size is expected to grow to $18.77 billion in 2027 at a CAGR of 20.9%

Key Market Drivers And Trends

Drivers Trends

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

Technological advancement is a key trend gaining popularity in the gallium nitride semiconductor devices market.

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Gallium Nitride Semiconductor Devices Global Market Segments:

The report covers the gallium nitride semiconductor devices market’s segments-

By Component

Transistor, Diode, Rectifier, Power IC

By Device Type

By Application

By Wafer Size

Optosemiconductors, Power Semiconductors, RF Semiconductors

Lighting and Lasers, Supplies and Inverters, Radio Frequency, Power Drives, Consumer and Enterprises

2 Inch, 4-Inch, 6Inch, 8-Inch

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