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Report Overview
The global GaN on silicon technology market attained a value of USD 232.39 million in 2023. The market is estimated to grow at a CAGR of 38.3% during 2024-2032 to reach a value of USD 5,151.35 million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In 2023, China led electronics manufacturing, accounting for USD 1,368 billion and 33% market share.
- Solar energy is expected to account for 22% of global electricity generation by 2030.
- GaN offers a fast charge-to-discharge transition (<1 ms) owing to its high switching frequency.
GaN on Silicon Technology Market Analysis
GaN-based devices are called 'green technology' devices due to low power consumption, high-temperature resistiveness, high voltage, high mobility of electron, and better thermal stability. The improved performance properties of gallium nitride that have allowed for the incorporation of GaN in a broad range of LEDs and high-frequency RF instruments are likely to drive the global GaN on silicon market further. Leading players operating on the GaN silicone technology market are economizing to meet the increased demand for GaN semiconductor products. Thus, the increased investments by key players in the industry is also expected to drive the growth of the GaN on silicon technology market.
GaN on Silicon Technology Market Report Snapshots
GaN on Silicon Technology Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for GaN on silicon technology attained a value of USD 232.39 million in 2023.
The market is estimated to grow at a CAGR of 38.3% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 5,151.35 million by 2032.
The factors driving the market growth are increasing inclination towards environmental safety, rising adoption of electric vehicles, expansion of semiconductor sector, rising technological advancements, etc.
The key trends augmenting the market growth are the rising demand for GaN semiconductors and growing consumer electronics usage.
The key regional markets for GaN on silicon technology are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The wafer sizes are less than 200 mm, 200 - 300 mm, and more than 300 mm.
The applications include automotive, consumer electronics, defence and aerospace, healthcare, industrial and power, information and communication technology, and others.
The key players in the market include Infineon Technologies AG, Innoscience Technology Co., Ltd., Navitas Semiconductor Corp., Power Integrations, Inc., Toshiba Corporation, Texas Instruments Incorporated, MACOM Technology Solutions Holdings Inc, Ampleon Netherlands B.V., and Poro Technologies Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124