GaN Based Power Device Market Size, Share, Trend, Forecast
Deveshguwal12 Dec, 2023Business
The GaN Based Power Device Market is estimated to grow from USD 119.3 million in 2020 to USD 719.7 million by 2026 at a healthy CAGR of 35.8% during the forecast period. The GaN-based power device market is mainly driven by surging demand for GaN in radio frequency equipment and growing product adoption in the telecommunication industry. In addition, rising demand for AC fast chargers, wireless power, and LiDAR, further bolster market growth.
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