Gallium Nitride Semiconductor Devices Market Size Is Anticipated To Reach USD 12.47 Billion By 2030
San Francisco, 23 May 2022: The Report Gallium Nitride Semiconductor Devices Market Size, Share & Trends Analysis Report By Product, By Component, By Wafer Size, By End Use, By Region, And Segment Forecasts, 2022 - 2030 The global gallium nitride semiconductor devices market size is expected to reach USD 12.47 billion by 2030, according to a new study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 24.4% from 2022 to 2030. The growing demand for fast chargers used in various consumer electronics applications worldwide is expected to drive the market. Various smartphone companies such as Apple and Samsung are making efforts to develop fast chargers to enhance their customer experience and gain a competitive edge. The companies providing GaN Radio Frequency (RF) are continuously improving their product offerings, thereby driving the market. For instance, in December 2021, Microchip Technology Inc., a microcontroller manufacturer, announced the expansio