GaN's Future Market Size Is Expected To Exceed Trillions

2023-03-27 GaN's future market size is expected to exceed trillions

GaN is a typical representative of the third generation of semiconductor materials, with the advantages of high breakdown electric field, high thermal conductivity, high electron saturation rate and strong radiation resistance, etc. The national "14th Five-Year Plan" will clearly support the development of the third generation of semiconductor industry.



According to institutional analysis, Infineon's acquisition of GaN Systems on the one hand reflects the future development prospect of GaN in automotive, data center and industrial applications, on the other hand, it also indicates that the industry chain competition may enter the integration stage.

GaN is now deeply bound to downstream fields such as new energy vehicles, photovoltaic, 5G, consumer fast charging, etc. From 2017-2021, GaN market size will increase from 7.87 billion yuan to 35.83 billion yuan, with a compound annual growth rate of 40.1%.

With the increase of GaN penetration in new energy vehicles and the expansion of applications such as waste treatment, GaN market size is expected to grow to 102.97 billion yuan by 2026, with a CAGR of 27.7%.