GaN market growing at over 20 percent
A new report by market research company Technavio, forecasts that the global GaN semiconductor devices market will grow at a CAGR of 20.77 percent in terms of revenue over the period 2014-2019
"˜Global GaN Semiconductor Devices Market 2015-2019"¨"¨' covers the current scenario and growth prospects of the global GaN semiconductor devices market for the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of GaN semiconductor devices worldwide.
"¨"¨Commenting on the report, an analyst from the research team said: "The applications of GaN are expanding significantly across various sectors, especially in the automobile sector. The evolution of EVs and HEVs is driving the demand for GaN power semiconductors in this sector."
"¨"¨According to the report, with modernisation of defence equipment, the demand for high-powered semiconductor devices is driving the demand for GaN semiconductors."¨"¨
The report recognises Avago, Cree, GaN Systems, Infineon, OSRAM, and Qorvo as key players in the market."¨"¨ Other prominent vendors are: Bridgelux, Efficient Power Conversion, Gallia Semiconductor, Nichia, NXP Semiconductors, Panasonic Semiconductors, and Toyoda Gosei."¨"¨
