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GaN power devices market to grow at over 57.4% CAGR to 2030

What happened

A market report forecasts the global GaN power devices market to grow at a CAGR of 57.4% from 2022 to 2030, driven by demand from EVs, RF applications, and wireless charging. The growth is attributed to wider adoption in consumer electronics and automotive sectors, alongside falling device prices. Bullish: The report signals strong, sustained demand growth for GaN power devices, which could tighten supply and support long-term pricing, though it lacks immediate, specific trading catalysts.

Impact and signal

Low impactImpact score: 15/100

Affected components and suppliers

GaN Power Devices

market-growthdemand-trend

Source and time

Source: Semiconductor Today · 2/3/2022 · View original source

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GaN power devices market to grow at over 57.4% CAGR to 2030

What happened

Impact and signal

Affected components and suppliers

Source and time

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