ICT RESEARCH REPORTS GaN-Power-Device-Market | Página 2

Substantial growth of end-use verticals is expected to boost market growth
Advancements in technology related to GaN power devices are enhancing the computational
power of all systems, in turn boosting market growth. For instance, in December 2017, Yuji Zhao,
an electrical and computer expert from Arizona State University received a three year grant of
US$ 750,000 from National Aeronautics and Space Administration’s (NASA) Hot Operating
Temperature Technology (HOTTech) program for the gallium nitride processor for applications in
space. In January 2018, Corsair introduced Corsair AX1600i featuring off-the shelf efficiency,
ripple suppression, noise levels, voltage regulation, and highly compact power supply unit. These
two instances of technological developments are primarily based on the utilization of Gallium
Nitride based materials. replacing Silicon transistors as prominently used material in the
switching devices.
Browse More About the Market Study @
https://www.coherentmarketinsights.com/market-insight/gan-power-device-market-1221
The recent past has witness high proliferation of electric vehicles and increasing adoption of
electrical and electronic components in internal combustion engines for enhanced and
convenient control among users. According to Coherent Market Insights, vehicle electrification
technologies are expected to witness a CAGR of over 8.8% over the forecast period and be
valued at over US$ 120 billion by 2025. Increasing adoption of autonomous vehicles is expected
to increase the demand for efficient communication systems featuring high frequency bandwidth
and robust operations. This in turn, is expected to fuel growth of the market for GaN power
devices in the near future.
High cost of systems featuring integration of gallium nitride components due to capital intensive
nature of materials and manufacturing procedures is expected to hamper growth of the market.
Moreover, GaAs components are widely used in small signal Monolithic Microwave Integrated
Circuit (MMIC) and low noise amplifier (LNA). Application of gallium nitride semiconductor is
projected to become mainstream component, though it will require considerable time owing to
the cost factor and thus, is among the prominent growth challenges.
Asia Pacific accounts for the largest population base and is also the largest market for key end-
use industries, in turn, contributing to the largest consumer base of GaN power devices.
According to Coherent Market Insights’ analysis, China and India contribute to around 35% of the
global population base. Moreover, largest consumer base for automotive, consumer electronics,
communication, and industrial manufacturing will provide the strongest growth prospects over
the forecast period.