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GaN Semiconductor Devices Market will expand at a high 17.0% CAGR by 2024, GaN Semiconductor Devices Market is projected to rise to US$3,438.4 mn by 2024, North America and Europe are presently the dominant regional markets for GaN semiconductor device Market

GaN Semiconductor Devices Market will expand at a high 17.0% CAGR by 2024, GaN Semiconductor Devices Market is projected to rise to US$3,438.4 mn by 2024, North America and Europe are presently the dominant regional markets for GaN semiconductor device Market

Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020

The global compound semiconductor market is expected to grow from USD 32.0 billion in 2020 to USD 43.4 billion by 2025, at a CAGR of 6.3%. Increasing demand and implementation of GaN and SiC in the semiconductor industry is one of the primary factors driving market growth. Moreover, high use of compound semiconductors in LED applications will drive the demand for these products in the near future.