Global GaN Semiconductor Devices Market to reach USD26.2 billion by 2027.Global GaN Semiconductor Devices Market is valued at approximately USD 18.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2021-2027. GaN shines out in RF applications for a variety of reasons, including their strong breakdown field, high saturation velocity, and superior thermal qualities, which have helped them carry signals over long distances or at high-end power levels. Potential use of GaN in 5G infrastructure development is propelling the market growth over the estimated period. The broad availability of 5G infrastructure will enable smart manufacturing, smart cities, autonomous vehicles, and linked transportation. By 2022, roughly 12% of worldwide mobile traffic is predicted to be on 5G cellular connectivity, according to the Cisco Visual Networking Index. 5G wireless base stations must include technologies that are efficient, perform well, and are cost effective. GaN solutions are essential for delivering these qualities. GaN-on-SiC delivers considerable increases in 5G base station efficiency and performance when compared to laterally diffused metal-oxide semiconductor (LDMOS). Furthermore, technological advancements have resulted in the expansion of convertible laptops, ultra HD or 4K television sets, and other wireless gadgets, which has increased demand for RF GaN semiconductor in the consumer electronics market. The semiconductor business directly employs roughly a quarter of a million people in the United States, according to the Semiconductor Industry Association (SIA) and World Semiconductor Trade Statistics, and US semiconductor companies' sales totaled USD 8.05 billion in January 2021. However, higher efficacy of alternative such as Silicon Carbide (SiC) for high-voltage semiconductor applications may impede the market growth over the forecast years.

The regional analysis of the global GaN Semiconductor Devices Market is segmented for the key regions such as North America, Europe, Asia Pacific, Latin America, and Rest of the World (ROW). Asia Pacific is the dominating region across the world in terms of market share due to the rising semiconductor industry in numerous application categories, such as consumer and enterprise, telecommunications, automotive, and industrial, it is gradually displacing silicon counterparts across the region. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the propelling defense sector with wider utilization of GaN-based transistors across military applications.

Major market player included in this report are:

GaN Systems
NXP Semiconductors
Qorvo Inc.
Wolfspeed Inc.(A CREE Company)
Broadcom Inc.
Efficient Power Conversion
Fujitsu Semiconductor
NTT Advanced Technology
Texas Instruments
MACOM
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Device Type:
Opto-semiconductors
Power Semiconductors
RF Semiconductors
By Application:
Consumer and Enterprises
Industrial
Telecommunications
Automotive
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.

Target Audience of the Global GaN Semiconductor Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors