Global Gallium Nitride Semiconductor Devices Market Size & Outlook

Global gallium nitride semiconductor devices market highlights

• The global gallium nitride semiconductor devices market generated a revenue of USD 2,558.6 million in 2023 and is expected to reach USD 12,470.2 million by 2030.
• The market is expected to grow at a CAGR (2024 - 2030) of 25.4% by 2030.
• In terms of segment, power semiconductors accounted for a revenue of USD 937.2 million in 2023.
• GaN Radio Frequency Devices is the most lucrative product segment registering the fastest growth during the forecast period.
• In terms of region, North America was the largest revenue generating market in 2023.
• Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Other key industry trends

• In terms of revenue, the North America accounted for 34.1% of the global gallium nitride semiconductor devices market in 2023.
• By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
• By country, Brazil is the fastest growing regional market and is projected to reach USD 178.4 million by 2030.