GaN Based Power Device Market Analysis: Key Growth Drivers and Challenges
“The GaN Based Power Device Market is expected to grow from USD 119.3 million in 2020 to USD 719.7 million by 2026 at an impressive CAGR of 35.8% during the forecast period”. The GaN Based Power Device market is led by North America with over 30% share in 2020, while Asia-Pacific is set to grow fastest, driven by technological advancements and rising demand for efficient RF components.