GaN Power Devices Market Is Projected To Grow At A CAGR Of Over 29%, In Value Terms, During Forecast Period 2024 | TechSci Research
Global GaN Power Devices market is projected to grow at a CAGR of over 29%, in value terms, during 2014-2024. Growing requirement of GaN devices for commercial applications, increasing demand for GaN devices in wireless charging, rising R&D activities by major players in the market, rising number of new entrants the market and increase in government expenditure on electronic sector are some factors, that will propel the demand for GaN Power Devices over the next five years. APAC is anticipated to remain a strong contributor in the GaN Power Devices market in the forecast period, owing to strong awareness and use of the product. APAC is expected to register faster CAGR than any other region, backed by increased focus on R&D activities by the emerging players and developing economies. Years considered for this report: Historical Year : 2014 - 2017 Base Year : 2018 Estimated : 2019 Forecast : 2020 - 2024 Objective of the Study: To analyze and f...