According to a new market report published by Transparency Market Research "GaN Semiconductor Devices (Power semiconductors, Opto semiconductors) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the market was valued at USD 379.82 million in 2012, which is expected to reach USD 2,203.73 million by 2019, growing at a CAGR of 24.6% from 2013 to 2019. North America was the largest contributor to global GaN semiconductor devices market accounting for 32.1% of the overall GaN semiconductors devices market in 2012. Asia Pacific is expected to be the fastest growing market for GaN semiconductor devices during the forecast period, growing at a CAGR of 27.7% from 2013 to 2019. This is mainly due to the rapid growth in the electronic industry in Asia Pacific.
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