“The GaN power market remains small compared to the US$30 billion silicon power semiconductor market”, asserts Dr. Hong Lin, Technology & Market Analyst at Yole Développement (Yole). “However, it has an enormous potential in the short term due to its suitability for high performance and high frequency solutions.”
The GaN power business was worth about US$12 million in 2016, but at Yole, analysts project that the market will reach US$460 million by 2022, with an impressive 79% CAGR. Amongst the numerous applications, the market research company mentions Lidar, wireless power and envelope tracking. They are high-end low/medium voltage applications. Today GaN technology is the only existing solution to meet their specific requirements.
Although today only a few players are showing commercial GaN activities, many firms have GaN activities. Therefore, the power GaN supply chain prepares for production. During the 2016-2017 period, Yole’s analysts identified lot of investments that are clearly supporting development and implementation of GaN devices… Full article