GaN Semiconductor Devices Market Worth $5.85 Billion By 2027 “The global GaN semiconductor devices market size is estimated to arrive at USD 5.85 billion by 2027. It is projected to develop by 19.8% CAGR from 2020 to 2027.”
Global GaN Semiconductor Devices Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of GaN semiconductor devices industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, GaN semiconductor devices barriers, and feasibility study are the vital aspects evaluated in this report. The global GaN semiconductor devices market size is estimated to arrive at USD 5.85 billion by 2027. It is projected to develop by 19.8% CAGR from 2020 to 2027. The expansion of the market can be credited to the rising function of gallium nitride (GaN), in an extensive variety of semiconductor apparatuses. The fast hi-tech development in GaN sourced semiconductors is, moreover, expected to endorse the enlargement of the market. The rising requirement for the wireless contact system, mainly in defense communication network, is estimated to impel the requirement for GaN semiconductor devices. Gallium nitride equipment is broadly applied in the progress of amplifiers, like Class C, Class E, and Class F, power amplifiers, mainly utilized in the wireless communication system. The requirement for the GaN semiconductor apparatuses have augmented the supply equipment for the electric vehicle, for example, EV charging kiosks and charging stations, during the current time. The lesser switching frequency array of GaN devices create them appropriate for utilize in GaN-sourced DC-to-DC transferor. These are utilized in committed charging stations. This is favorable for the expansion of the GaN semiconductor devices market.
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