Semiconductor & Electronics Market Research News

Gallium nitride semiconductor devices market size to reach $2.8 billion by 2023

Semiconductor and Electronics Research

The Global Gallium Nitride Semiconductor Devices Market is expected to reach a market size of $2.8 billion by 2023.


Global Gallium Nitride Semiconductor Devices Market Overview:

The Global Gallium Nitride Semiconductor Devices Market size is expected to get to $2.8 billion by 2023, rising at an enterprise improvement of 16% CAGR in the course of the prognosis period of time. Developing need for effectiveness electronic products, which require comparatively lower electrical power along with are energy saving are the items that would limits the market growing.

GaN-based semiconductors possess dynamic electric utility and additionally chemical characteristics, similar to high-voltage breakdown and in addition saturation velocity leading them to be a huge selection in wide range of switching appliances. It can be considered that Gallium Nitride would be an improved additional to silicon, as it is remarkably dependable and perhaps requires less significant electrical power.