The global GaN Semiconductor Devices market size is expected to be worth around US$ 5.86 billion by 2028, according to a new report by Vision Research Reports. The global GaN Semiconductor Devices market size was valued at US$ 1.46 billion in 2020 and is anticipated to grow at a CAGR of 19.10% during forecast period 2021 to 2028.
Get the sample pages of report@ https://www.visionresearchreports.com/report/sample/36707
Growth Factors
The market growth can be attributed to the increasing applications of gallium nitride (GaN) in a wide range of semiconductor devices. Additionally, rapid technological advancements in GaN-based semiconductors are also anticipated to promote market growth. The demand for wireless communication devices, primarily in defense communication, is expected to drive the demand. Gallium nitride technology is being widely implemented in the development of amplifiers used in such as Class E, Class F, and Class C power amplifiers.
Report Highlights
The Opto-semiconductors segment dominated the market in 2020 with a revenue share of over 35%. The segment is expected to witness considerable growth over the forecast period. This can be largely attributed to the application of opto-semiconductors in devices such as LEDs, solar cells, photodiodes, lasers, and optoelectronics. The automotive sector is increasingly utilizing opto-semiconductors in automotive lights, indoor and outdoor lighting, and pulse-powered laser. This is subsequently propelling the adoption...
Read Full Story: https://www.digitaljournal.com/pr/gan-semiconductor-devices-market-garner-growth-19-10-by-2028
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.