GaN power devices will achieve annual revenue of $83 million in 2021, an increase of 73% year-on-year. It is estimated that by 2025, the market size of GaN power devices will reach $850 million, with a compound growth rate of 78% from 2020 to 2025, says TrendForce in their recent report.
TrendForce attributes the increase to rising demands for telecom base stations, converters, and charging stations has seen considerable growth this year as a result of ongoing developments in 5G telecommunication, consumer electronics, industrial energy conversion, and new energy vehicles (NEV).
Regarding applications, consumer electronics, NEVs, and telecom/data centers, in order, comprise the three largest sources of GaN power devices consumption, at 60%, 20%, and 15%, respectively.
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
For more help with looking at supply chain options, contact Astute Electronics here or visit our stands at DSEI between 14 – 17 Sept, 2021
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