GaN Power ICs Market – Global Industry Analysis and Forecast (2024-2030)

GaN Power ICs Market size was valued at USD 2.1 Bn. in 2023 and the total revenue is expected to grow at CAGR 15.16% from 2024 to 2030, reaching nearly USD 5.64 Bn. in 2030.
GaN Power ICs Market Overview
A gallium nitride (GaN) power integrated circuit (IC) combines several power electronics functions on a single GaN chip, to improve speed, efficiency, reliability, and cost-effectiveness. GaN half-bridge power ICs including critical drive, logic, protection, and power features eliminate the losses, costs, and complexity of traditional half-bridge solutions. Both 'single' and 'half-bridge' GaN power ICs are available, with a broad range of power and functionality, and adaptable for a wide range of applications from tens of watts to kW in markets from mobile fast chargers, to data centers, consumer, renewables and EV / eMobility.

The GaN Power ICs Market refers to the sector within the semiconductor industry that applications the development, production, and distribution of ICs based on Gallium Nitride (GaN) technology for power applications. The market has a considerable growth, driven by increasing demand for energy-efficient devices across sectors like automotive and consumer electronics. Key GaN Power ICs manufacturers/suppliers like Navitas Semiconductor and Infineon Technologies are improving how they make these chips, using new technologies to cut costs and increase efficiency. In 2023, Asia Pacific dominated the market supported by strong manufacturing and governmental initiatives promoting electrification and renewable energy.

The market is shifting towards compact and efficient power management solutions, with consumers prioritizing products that offer faster charging times and improved battery life. While traditional GaN substrate production is costly, advancements in GaN-on-Silicon technology are expected to lower overall production costs, making GaN solutions more accessible across various industries.

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GaN Power ICs Market Dynamics
Increasing Demand for Energy-efficient Electronic Devices to Boost GaN Power ICs Market Growth

The GaN Power ICs Market is set to experience substantial growth driven by the increasing demand for energy-efficient electronic devices. GaN, or gallium nitride, technology offers several advantages that make it a popular choice in various applications. GaN technology is its ability to operate at higher frequencies while consuming less power. This capability results in reduced energy losses during power conversion, which leads to substantial electricity savings for consumers and businesses. As energy prices keep going up, consumers and companies are looking for ways to cut their energy costs. Using GaN Power ICs helps with this by making devices like chargers, power supplies, and industrial equipment more efficient. For example, GaN chargers charge devices faster while using less energy, which is increasingly important as more people depend on portable electronics.

In the automotive sector, these components are becoming vital for electric vehicles (EVs). GaN technology improves the efficiency of power management systems and chargers in EVs, helping to extend their driving range. Also, GaN ICs are widely used in renewable energy systems, such as solar inverters and wind turbines, making energy conversion more efficient. The growing demand for energy-efficient electronic devices is a key driver of the GaN Power ICs market. As industries and consumers continue to prioritize efficiency, the adoption of GaN Power ICs is expected to rise, shaping the future of power management solutions.
Global GaN Power ICs Market Trends
Expansion in Electric Vehicles (EVs)

The GaN Power ICs market is growing because of rising demand from the electric vehicle (EV) industry. As car manufacturers focus on electrification, GaN technology is becoming essential for improving the efficiency of parts like on-board chargers, inverters, and DC-DC converters. These components help reduce charging times and improve driving range by minimizing energy loss. The small size of GaN Power ICs also allows for lighter vehicle designs, which boosts overall performance. As more people switch to electric vehicles, the production and consumption of GaN Power ICs are expected to increase, creating more opportunities in the market.
Advancements in GaN-on-Silicon Technology

The main challenge for the GaN Power ICs market has been the high production costs of making GaN substrates. However, new developments in GaN-on-Silicon (GaN-on-Si) technology are changing this. This method uses existing silicon production processes, which helps lower costs and streamline supply chains. By reducing the need for expensive GaN substrates, the overall production costs of GaN Power ICs go down. This makes them more affordable for a wider range of uses. As a result, these advancements are likely to increase the supply of GaN devices in the market, leading to higher consumption and making them more competitive against traditional silicon products.
GaN Power ICs Market Segment Analysis
Based on the End Users, Consumer Electronics, IT & Telecommunication, Automotive Aerospace & Defense, and Other segments are covered. The consumer electronics segment plays a key role in GaN Power ICs market. With the rise of advanced devices such as smartphones, laptops, and gaming consoles, there is a strong need for compact and efficient power management solutions. GaN technology allows for smaller chargers and adapters, enabling faster charging and improved battery life, which appeals to consumers looking for high-performance electronics. As GaN Power ICs manufacturers focus on creating lighter and more portable devices, the adoption of GaN Power ICs in this sector is expected to continue growing.

The second largest end-user segment is the IT and telecommunication industry. Data centers and communication networks require highly efficient power systems to reduce energy costs and improve overall performance. GaN Power ICs are ideal for these applications because they minimize energy loss during power conversion, helping companies save on electricity bills. The push for greener technologies and energy efficiency in this sector is driving the demand for GaN solutions, as organizations aim to lower their carbon footprints while maintaining high operational standards. Additionally, the automotive sector is observing a growth in the use of GaN Power ICs, particularly with the growing popularity of electric vehicles (EVs). GaN technology is essential for improving the efficiency of critical components like on-board chargers, inverters, and DC-DC converters. These devices help reduce charging times and enhance driving range, making EVs more appealing to consumers. As automakers increasingly invest in electrification, the demand for GaN Power ICs in this segment is likely to rise.
GaN Power ICs Market Regional Insights
Asia Pacific dominated the GaN Power ICs market in 2023, driven by rapid industrialization and the growth of consumer electronics manufacturing. An investment by the defense and aerospace sectors in research and development is also expected to drive the global GaN power ICs market. China, the largest electric vehicle manufacturer country in the world, has been integrating GaN technology into its EVs. This technology helps improve the efficiency of onboard chargers and power management systems, allowing for faster charging times and longer driving ranges. Where demand for efficient power management solutions in smartphones, laptops, and other portable devices is increasing rapidly. Additionally, the rise of electric vehicles in countries like China and Japan significantly contributes to the demand for GaN technology. High adoption of wireless electronic devices, the presence of large consumers for consumer electronics products, and the expansion of the telecommunication industry are some of the factors, that drive the global GaN power ICs market.

North America is expected to hold the largest GaN Power ICs Market share over the forecast period. Due to its advanced technological infrastructure and the presence of major companies focused on power electronics. The region's commitment to electric vehicles (EVs) has fueled demand for GaN devices, particularly in automotive applications. Initiatives aimed at reducing carbon footprints and enhancing energy efficiency in consumer electronics further boost market growth.

GaN Power ICs Market Competitive Landscape

The largest manufacturer of GaN Power ICs is Navitas Semiconductor, which specializes in semiconductors, including Gallium Nitride (GaN) devices. Navitas Semiconductor has a significant presence in the market, focusing on high-performance power solutions for various applications, including electric vehicles, renewable energy, and industrial power systems. Infineon Technologies and GaN Systems are also recognized as major global players. Infineon has a broad portfolio of GaN solutions, particularly in the industrial and automotive sectors, while GaN Systems leads in providing high-efficiency GaN transistors used across sectors like consumer electronics and renewable energy. These firms are investing more in R&D to enhance their product offerings and improve efficiency. Companies are starting associations to expand their market reach and share technological advancements. Collaborations with automotive firms are particularly common, given the rise in GaN products.

In 2024, Navitas Semiconductor launched a new 55W GaNFast charger, included as an in-box accessory with the Xiaomi Mi 11 smartphone. This charger, powered by Navitas' NV6115 GaNFast IC, significantly reduces charging time, taking the Mi 11 from 0-100% in just 45 minutes. Also in 2023, they launched a new family of GaNSense Control ICs. These new GaN-based chips, branded as "GaNSense Control ICs", offer enhanced performance for fast chargers, consumer appliances, servers, and data centers. According to Navitas, the GaN technology operates up to 20 times faster than traditional silicon-based ICs, delivering three times the charging capacity in a smaller and lighter form.
GaN Power ICs Industry Ecosystem

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Global GaN Power ICs Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 2.1 Bn.


Forecast Period 2024 to 2030 CAGR:
15.16%
Market Size in 2030:
USD 5.64 Bn.


 Segments Covered:
by Voltage Range
Low Voltage (<200 Volt)
Medium voltage (200-600 volt)
High Voltage (>600 Volt)


by End Users
Consumer Electronics
IT & Telecommunication
Automotive
Aerospace & Defense
Others



GaN Power ICs Market, by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, and Rest of the MEA)
South America (Brazil, Argentina, and Rest of South America)
Top Companies/Manufacturers in GaN Power ICs Industry
North America
1. GaN Systems (Canada)
2. Navitas Semiconductor (USA)
3. Texas Instruments (USA)
4. Power Integrations (USA)
5. Transphorm (USA)
6. Efficient Power Conversion (EPC) (USA)
Asia-Pacific
7. Panasonic (Japan)
8. Fujitsu (Japan)
9. Mitsubishi Electric (Japan)
10. Sumitomo Electric (Japan)
11. Rohm Semiconductor (Japan)
12. Innoscience (China)
13. BYD Semiconductor (China)
14. GaNPower International (China)
Europe
15. Infineon Technologies (Germany)
16. STMicroelectronics (Switzerland)
17. NXP Semiconductors (Netherlands)
18. Efficient Power Conversion (EPC) (Europe)
19. Dialog Semiconductor (UK)
Middle East and Africa
20. VisIC Technologies (Israel)

Frequently Asked Questions:

1. What is the current market size of the GaN Power ICs market?
Ans: The GaN Power ICs market was valued at USD 2.1 billion in 2023.

2. What is the expected growth rate of the GaN Power ICs market from 2024 to 2030?
Ans: The market is expected to grow at a CAGR of 15.16%, reaching nearly USD 5.64 billion by 2030.

3. What are the key drivers of growth in the GaN Power ICs market?
Ans: The increasing demand for energy-efficient electronic devices and the expansion of electric vehicles (EVs) are key drivers. GaN technology offers higher efficiency and reduced energy losses, making it attractive for various applications.

4. What are the main segments of the GaN Power ICs market?
Ans: The market is segmented by voltage range (low voltage, medium voltage, high voltage) and by End Users, including consumer electronics, IT & telecommunication, automotive, aerospace & defense, and others.

5. Which regions are leading in the GaN Power ICs market?
Ans: Asia Pacific dominated the market in 2023, driven by consumer electronics manufacturing and the rise of EVs, while North America is expected to hold the largest market share over the forecast period due to its advanced technological infrastructure and commitment to EVs.