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The global gallium nitride (Gan) device market is set to gain impetus from the high demand for fast chargers worldwide. The gallium nitride (GaN) device market is a rapidly growing industry due to the many benefits of GaN technology over traditional silicon-based devices. GaN devices offer higher efficiency, smaller size, and greater power density. This has led to an increase in demand for GaN-based power electronics in various industries such as automotive, consumer electronics, and telecommunications. The market is expected to continue to grow in the coming years, driven by advancements in GaN technology and increasing demand for energy-efficient solutions. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367

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The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Size, Share & Industry Analysis, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period. https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367