GaN Based Power Device Market Size, Share, Trend, Forecast

The GaN Based Power Device Market is estimated to grow from USD 119.3 million in 2020 to USD 719.7 million by 2026 at a healthy CAGR of 35.8% during the forecast period. Gallium nitride (GaN) transistors have evolved as a stronger performance substitute of silicon-based transistors, thanks to their ability to fabricate more compact devices for a given resistance value & breakdown voltage as compared to silicon devices.