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: July, 2025

GaN Power Devices Market Overview

GaN Power Devices Market (USD Million)

GaN Power Devices Market was valued at USD 434.79 million in the year 2024. 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 GaN Power Devices Market is rapidly gaining momentum as industries seek more efficient and compact power solutions. Known for supporting high-voltage, high-frequency, and high-temperature operations, these devices contribute to energy conversion efficiencies exceeding 90%. Their rising relevance is evident from a 40% surge in adoption, driven by demand for space-saving, high-performance electronics across diverse sectors.

Breakthroughs in Technology Driving Innovation
Significant technological breakthroughs in GaN device development have brought measurable efficiency improvements of over 35%. Industry stakeholders are leveraging these enhancements to improve switching speeds and thermal control, fueling innovation strategies aimed at producing more capable and durable components. This wave of technological advancements has created space for targeted collaborations focused on specialized application needs.

Emerging Opportunities Across Clean Energy and EVs
The drive toward sustainable energy and electric mobility has opened exciting growth opportunities for GaN technology, which is offering more than 25% efficiency improvements in these fields. Major players and new entrants alike are investing in these areas to deliver innovative, lightweight power components, giving a competitive edge in renewable power systems and automotive electrification efforts.

Future Growth Backed by Investment and Expansion
The outlook for the GaN Power Devices Market is strongly supported by a surge in R&D initiatives, with over 50% of companies expanding their innovation budgets. This strong push towards future-ready power infrastructure underscores the market's shift to smart, efficient, and scalable solutions. With increasing emphasis on expansion and advanced technologies, GaN power devices are poised to lead the next wave of power electronics transformation.

  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