GAN SEMICONDUCTOR MARKET ANALYSIS

Gan Semiconductor MarketSize and Trends

Trends of Global GaN Semiconductor Market:

The growth of GaN Semiconductor can be credited to the rising demand for power electronics due to their low power consumption and high efficiency. GaN devices deliver up to 3x more power or 3x faster charging as compared to silicon (Si) chips, with up to 40% energy savings.

Industry players are focusing on product development, collaborations, and strategic partnerships to strengthen offering in GaN technology. For instance, Aerospace and defense technology companies such as L3Harris Technologies, Inc., Northrop Grumman Corporation, and BAE Systems collaborated with government agencies in 2020 for implementing gallium nitride semiconductors in the military and radar applications.

Moreover, Toshiba Corporation developed a gate dielectric process technology in 2020 to reduce disparity in characteristics such as the threshold voltage of GaN power devices and improve the accuracy of GaN semiconductor.