India Gallium Nitride Semiconductor Devices Market Size & Outlook
The gallium nitride semiconductor devices market in India is expected to reach a projected revenue of US$ 448.1 million by 2030. A compound annual growth rate of 28% is expected of India gallium nitride semiconductor devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$79.6
Forecast, 2030 (US$M)
$448.1
CAGR, 2024 - 2030
28%
Report Coverage
India
India gallium nitride semiconductor devices market, 2018-2030 (US$M)
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India gallium nitride semiconductor devices market highlights
- The India gallium nitride semiconductor devices market generated a revenue of USD 79.6 million in 2023 and is expected to reach USD 448.1 million by 2030.
- The India market is expected to grow at a CAGR of 28% from 2024 to 2030.
- In terms of segment, power semiconductors was the largest revenue generating product in 2023.
- GaN Radio Frequency Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Gallium nitride semiconductor devices market data book summary
| Market revenue in 2023 | USD 79.6 million |
| Market revenue in 2030 | USD 448.1 million |
| Growth rate | 28% (CAGR from 2023 to 2030) |
| Largest segment | Power semiconductors |
| Fastest growing segment | GaN Radio Frequency Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | GaN Radio Frequency Devices, Opto-semiconductors, Power Semiconductors |
| Key market players worldwide | SMART Global Holdings Inc, Fujitsu Ltd, Infineon Technologies AG, NexGen Energy Ltd, NXP Semiconductors NV, Qorvo Inc, Texas Instruments Inc, Toshiba Corporation |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global gallium nitride semiconductor devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China gallium nitride semiconductor devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,055.0 million by 2030.
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Gallium Nitride Semiconductor Devices Market Scope
Gallium nitride semiconductor devices market segmentation & scope
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India gallium nitride semiconductor devices market size, by product, 2018-2030 (US$M)
India Gallium Nitride Semiconductor Devices Market Outlook Share, 2023 & 2030 (US$M)
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