GaN Power IC's are progressively being utilized in the car business for power change and battery charging in hybrid and electric vehicles. It is likewise found in inverters utilized for sunlight based power establishments. These applications are driving the development of the GaN Power IC's Market. Calculates such development reception GaN gadgets for remote charging across the world and expansion sought after for power modules are setting out beneficial open doors for the GaN Power IC's Market in the estimate time frame.
MARKET DYNAMICS
The primary factor attributing toward the growth of the market includes demand for remote charging, high voltage, high recurrence, temperature obstruction qualities, and expanding utilization in the car industry are driving the development of the GaN Power IC's Market. The high starting expense might control the development of GaN Power IC'S Market. Besides, expanding use of GaN Power semiconductors in speakers for programming characterized radios is expected to set out market open doors for the GaN Power IC's market during the forecast period.
MARKET SCOPE
The "Global GaN Power IC's Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the GaN Power IC's market with detailed market segmentation
- type, power, end user and geography. The global GaN Power IC's market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading GaN Power IC's market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the GaN Power IC's market is segmented into Single and Half Bridge.
- On the basis of Power, the GaN Power IC's market is segmented into 100V, 600V and 900V.
- On the basis of End user, the market is segmented into Consumer Electronics, Automotive, IT & Telecommunication, Aerospace & Defense, and Others.
IMPACT OF COVID-19 ON GaN Power IC's MARKET
The outbreak of the COVID-19 has negatively impacted the growth of GaN Power IC's market. The pandemic has caused an adverse impact on GaN Power IC's, due to the closure of industrial units and a temporary pause in production tasks across the world. Also, the decline in annual revenue of the vehicle manufacturers further impacted the purchase and sales trend of GaN Power IC's market. On the contrary, resume in the manufacturing process in industrial plants and adoption of automation & modern techniques are projected to gradually influence the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global GaN Power IC's market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America (SAM). The GaN Power IC's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the GaN Power IC's market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the GaN Power IC's in these regions.
MARKET PLAYERS
The reports cover key developments in the GaN Power IC's market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from GaN Power IC's market are anticipated to lucrative growth opportunities in the future with the rising demand for GaN Power IC's in the global market. Below mentioned is the list of a few companies engaged in the GaN Power IC's market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the GaN Power IC's market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Efficient Power Conversion Corporation (EPC)
- Fujitsu Ltd.
- GaN Systems
- Infineon Technologies AG
- Navitas
- On Semiconductor
- Panasonic Corporation
- Texas Instruments
- Toshiba Corporation
- Taiwan Semiconductor Manufacturing