GaN Industrial Devices Market: To Register Significant Growth Globally By 2015 - 2021
Transparency Market Research, in its latest report, indicates that the GaN industrial devices market is fueled by the introduction of advanced technology, large-scale production, increasing application areas, and the rising demand for improved battlefield performance. The report, titled “ GaN Industrial Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 ”, states that rising at a 15.10% CAGR from 2015 to 2021, the value of the global GaN industrial devices market is anticipated to grow from US$481.8 mn in 2014 to US$1,315 mn by 2021. Blossoming economy in developing countries and the development of next-gen hybrid electric vehicles and electric vehicles hold immense opportunities for the development of the GaN industrial devices market. However, high cost of pure gallium nitride is anticipated to restrict its growth in the coming years. Based on type, the GaN industrial devices market is bifurcated into opto electronics and ...