The report of Global GaN Power ICs Market by end user (Consumer Electronics, IT & Telecommunication, Automotive, Aerospace & Defense and Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during a forecast period.
The Global GaN Power ICs Market is expected to grow an XX% rate of CAGR during the forecast period because of high use of GaN-based power ICs, which provides features like efficient navigation, collision avoidance, and real-time air traffic control. The Gallium Nitride (GaN)-based semiconductors have dynamic electrical properties like high thermal conduction, electric field, saturation velocity, and breakdown voltage.
The consumer electronics segment is expected to drive the Global GaN Power ICs market growth.
Development of devices well-suited with emerging technologies, degree of digital convergence, and product innovation by the key players, increase in demand for GaN in radio frequency equipment, rise in the adoption telecommunication industry, enhanced performance substitute of silicon-based are some of the prominent factors behind the market growth.
The Asia Pacific region is projected to be leading region in the Global GaN Power ICs Market.
Based on the region, Global Market is segmented into North America, Europe, Middle East & Africa, South America, and Asia Pacific. Among these, the Asia Pacific region is expected to contribute XX% share during the forecast period. The Asia-Pacific region is one of the largest regional consumers for electronics products. The rapid expansion of the end-user industries like electronics, and automotive in developing economies like China, India, South Korea, Taiwan, and other developing countries are expected to drive the market growth during the forecast period.
Key players operating in the Global GaN Power ICs Market includes Efficient Power Conversion Corporation (EPC), Fujitsu Limited, GaN Systems, Infineon Technologies AG, On Semiconductors, Panasonic Corporation, Taiwan Semiconductor Manufacturing Company, Texas Instruments Inc., Toshiba Corporation , VisIC and Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global GaN Power ICs Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global GaN Power ICs Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global GaN Power ICs Market positioning of competitors.
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