GaN Power Devices Market: By User Demand, Key Developers, Types, Current Trends, Revenue Generation, Growth Factors, Forecast Till 2017 - 2025

-
Transparency Market Research has published a new research report that talks about the overall working dynamics of the global GaN power devices market. The research report expects the global market to exhibit a massive CAGR of 17.5% for the given assessment period of 2017 to 2025. With this rate of growth, the global market is expected to reach a valuation worth US$1.4 bn by the fall of 2025. This is a massive rise in terms of growth as the initial valuation recorded in 2015 was US$223.50 mn.
Of the different segments of the global GaN power devices market, the segment of GaN power module is projected to show a massive growth rate of 19.5% in the coming years of the forecast period. This particular segment is projected to account for nearly 49.3% of the overall market share in the global market by the end of 2025. Depending upon the type of industry, the segment of consumer electronics is currently dominating the global GaN power devices market. It is then followed by the segment of defense, aerospace, automotive, and IT and telecommunication. The automotive segment especially is projected to show a promising growth, exhibiting a huge CAGR of 20.5% for period ranging from 2017 to 2025.
Competition in Market to Intensify as New Players Enter the Fray
The vendor landscape of the global GaN power devices market is projected to experience the arrival of several new players in the coming few years. This incursion of these new players is because of the availability of several lucrative business opportunities in the global market. This situation is expected to create strong fragmentation of the global GaN power devices market as the number of the companies grow. Moreover, it is also expected to create a strong competition market as these players strive to generate more profits.
The competition in the market will enforce these leading players global market to concentrate on developing new and innovative products so as to move ahead of their competition. In addition to this, established market players are expected to adopt aggressive business strategies such as mergers, takeovers, joint ventures, and strategic alliances in order to outshine their rivals.
Asia Pacific to Clock Massive CAGR of 19.9%
In terms of geographical segmentation, the global GaN power devices market is divided into five major regional segments. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, the regional segment of Asia Pacific is projected to clock the most promising growth rate of 19.9% in the coming years of the forecast period. This growth will take the overall value contribution of the Asia Pacific market to US$520 mn by the end of 2025. The region will dominate the global market because of the growing penetration of smartphones across the developing economies such as India, South Korea, and China among others.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more