Global GaN Power Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Device Type;

Transistors, Diodes, and Power ICs.

By Wafer Size;

Less Than 150mm, 150mm-500mm, and More Than 500 mm.

By Industry;

Consumer Electronics, Energy & Utilities, Automotive, IT & Telecom, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn136570256 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global GaN Power Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global GaN Power Devices Market was valued at USD 434.79 million. The size of this market is expected to increase to USD 3,665.17 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 35.6%.


Global GaN Power Devices Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 35.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)35.6 %
Market Size (2024)USD 434.79 Million
Market Size (2031)USD 3,665.17 Million
Market ConcentrationLow
Report Pages334
434.79
2024
3,665.17
2031

Major Players

  • NXP Semiconductors N.V
  • Infineon Technologies AG
  • Panasonic Corporation
  • Toshiba Corporation
  • Texas Instruments Incorporated
  • GaN Systems Inc
  • Efficient Power Conversion Corporation
  • Wolfspeed

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global GaN Power Devices Market

Fragmented - Highly competitive market without dominant players


The global Gallium Nitride (GaN) power devices market has experienced significant growth over recent years, driven by the material's superior properties compared to traditional silicon-based devices. GaN power devices, known for their high efficiency, high breakdown voltage, and fast switching speeds, are becoming increasingly essential in various applications such as power supply systems, electric vehicles, and renewable energy sources. These attributes allow GaN devices to operate at higher temperatures and frequencies, making them ideal for use in modern electronics and energy-efficient systems.

The rising demand for energy-efficient electronics and the ongoing shift towards renewable energy sources are major factors propelling the growth of the GaN power devices market. As industries seek to reduce energy consumption and carbon emissions, GaN devices offer a viable solution due to their ability to minimize energy losses and improve overall system efficiency. The automotive industry, in particular, is a significant driver of this market, with electric vehicles (EVs) and hybrid electric vehicles (HEVs) increasingly incorporating GaN-based components to enhance performance and extend battery life.

The GaN power devices market due to its robust electronics manufacturing industry and the presence of key market players. Countries such as China, Japan, and South Korea are leading adopters of GaN technology, fueled by strong governmental support and substantial investments in research and development. North America and Europe are also key markets, with significant advancements in automotive and renewable energy sectors. The competitive landscape is marked by continuous innovation, strategic partnerships, and acquisitions, as companies strive to capitalize on the growing opportunities presented by GaN technology.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Device Type
    2. Market Snapshot, By Wafer Size
    3. Market Snapshot, By Industry
    4. Market Snapshot, By Region
  4. GaN Power Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Adoption In Electric Vehicles
        2. Advancements In Semiconductor Technology
        3. Rising Use In Renewable Energy Systems
        4. Expansion Of Wireless Charging Applications
      2. Restriants
        1. Complex Manufacturing Processes
        2. Limited Availability Of Raw Materials
        3. Competition From Silicon-based Devices
        4. Reliability Concerns In High-voltage Applications
      3. Opportunities
        1. Development Of 5G Infrastructure
        2. Increasing Investment In Smart Grids
        3. Potential In Aerospace And Defense Sector
        4. Innovations In Consumer Electronics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. GaN Power Devices Market, By Device Type, 2021 - 2031 (USD Million)

      1. Transistors

      2. Diodes

      3. Power ICs

    2. GaN Power Devices Market, By Wafer Size, 2021 - 2031 (USD Million)
      1. Less than 150mm
      2. 150mm-500mm
      3. More than 500 mm
    3. GaN Power Devices Market, By Industry, 2021 - 2031 (USD Million)
      1. Consumer Electronics
      2. Energy & Utilities
      3. Automotive
      4. IT & Telecom
      5. Others
    4. GaN Power Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. NXP Semiconductors N.V
      2. Infineon Technologies AG
      3. Panasonic Corporation
      4. Toshiba Corporation
      5. Texas Instruments Incorporated
      6. GaN Systems Inc
      7. Efficient Power Conversion Corporation
      8. Wolfspeed
  7. Analyst Views
  8. Future Outlook of the Market