The global gallium nitride device market was valued at USD 20.56 billion in 2019 and is projected to reach USD 39.74 billion by 2032, growing from USD 21.18 billion in 2020 at a CAGR of 5.20% during the forecast period (2020–2032).
North America dominated the market in 2019, contributing 35.89% of global revenue, supported by robust R&D activity and strong technological adoption. The market’s steady growth is primarily driven by rising demand across critical industries such as telecommunications, automotive, and consumer electronics.
GaN devices are increasingly favored over traditional silicon components due to their higher efficiency, faster switching speeds, and superior thermal performance. The ongoing adoption of 5G networks, the rising penetration of electric vehicles (EVs), and significant advancements in power electronics are among the key growth drivers.
With continuous innovation and increased investment in advanced semiconductor technologies, the GaN device market is set to expand consistently in the coming years.
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