Global Gallium Nitride Power Device Market Market: Regional Insights
The global GaN power device market is bifurcated into four regions, namely North America, Europe, Asia Pacific, and LAMEA. North America is the largest shareholder in the global GaN power devices market and is expected to grow at a CAGR of 34.60% during the forecast period. North America is the market leader for GaN power devices due to the presence of nations like the U.S. and Canada, where the governments are increasing their involvement in the fight against pollution by encouraging the use of EVs and HEVs, which extensively use GaN power devices. Another factor driving the growth of the GaN power device market in this region is the U.S.\'s most significant defense expenditure.
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