Power GaN device market: Exceed US$2 billion by 2029, with a 41% CAGR

Yole reported that the power GaN devices are revolutionizing the power electronics industry, propelling the market to grow tenfold between 2019 and 2023. By 2023, the market is projected to surpass US$2 billion, with a CAGR of 41% forecasted from 2023 to 2029. In consumer electronics, power GaN is rapidly emerging as the technology of choice for fast chargers, particularly as power levels approach 300W. This sector is attractive to new entrants due to its low barriers to entry and high-volume potential, as demonstrated by the recent integration of Qromis’ QST substrate in a Lakesemi charger. power GaN is also gaining ground in Over-Voltage Protection (OVP) units and household appliances. In the automotive and mobility sectors, power GaN is making significant strides. For example, 100V GaN devices are now employed in automotive LiDAR systems for Advanced Driver Assistance Systems (ADAS). Broader adoption in automotive powertrains, particularly in sub-11kW onboard chargers (OBCs), is anticipated within the next 2-3 years. Power GaN is also being adopted in high-end e-bikes and e-scooters, despite competition from silicon-based technologies. In data centers, GaN-based power supplies exceeding 3kW and offering 80Plus titanium efficiency provide superior form factors and competitive pricing compared to silicon. Intermediate bus converters (IBCs) requiring devices below 100V...