GaN Power Transistors Market is predicted to reach USD 2006.1 Million by 2030

According to the study by Next Move Strategy Consulting, the global GaN Power Transistors Market size is predicted to reach USD 2006.1 million with a CAGR of 31.2% by 2030.

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The rising adoption of GaN transistors in the automotive, particularly in electric vehicles (EVs), boost the market growth as it features advantages such as size and weight reduction, increased efficiency thermal management, and others.

North-America holds the dominant share in GaN power transistors market and is expected to continue its dominance during the forecast period.

Various key players in the GaN power transistors industry include Efficient Power Conversion Corporation, Fujitsu Limited, Gan Systems Inc., Infineon Technologies Ag, Qorvo Inc, Panasonic Corporation, Taiwan Semiconductor Manufacturing Company Ltd, Texas Instruments Inc., Toshiba Corporation, Wolfspeed Inc, and others.