The Gallium Nitride Semiconductor Devices was estimated at USD 1.88 billion in 2021, and from 2022 to 2030, it is anticipated to increase at a CAGR of 24.4%. The benefits that GaN semiconductor devices have over silicon devices are to blame for the market's expansion. Electronic products such as smartphones, computers, cameras, and televisions have all been made using silicon materials. GaN semiconductor devices, which are 100 times quicker than silicon, now have a chance thanks to the decrease in silicon's capacity for innovation. GaN devices provide several benefits over silicon ones, including greater energy efficiency, reduced costs, and quicker device speeds.
The Gallium Nitride Semiconductor Devices is expected to be driven by the rising number of electric vehicles in the world. This is due to GaN's ability to help automakers shorten charging times, increase cost effectiveness, boost power density, and extend the range of their vehicles. As a result, numerous businesses are working to create GaN systems for electric vehicles (EV). For instance, in November 2021, Universal Scientific Industrial Co., Ltd. (USI), a division of ASE Technologies, and GaN Systems, a supplier of GaN power semiconductors, announced their collaboration. The collaboration sought to create GaN power modules for the for electric vehicles.
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