GaN Power Devices Market Outlook 2024 By Device Type, Size, Share, Key Players | Industry Statistics
According to TechSci Research, Global GaN Power Devices market is projected to grow at a CAGR of over 29%, in value terms, during 2014-2024 . Growing requirement of GaN devices for commercial applications, increasing demand for GaN devices in wireless charging , rising R&D activities by major players in the market, rising number of new entrants the market and increase in government expenditure on electronic sector are some factors, that will propel the demand for GaN Power Devices over the next five years. APAC is anticipated to remain a strong contributor in the GaN Power Devices market in the forecast period, owing to strong awareness and use of the product. APAC is expected to register faster CAGR than any other region, backed by increased focus on R&D activities by the emerging players and developing economies. Some of the major players operating in the global GaN Power Devices are Cree , Qorvo , MACOM , Microsemi Corporation , Analog Dev...