How Big is the GaN Device Market | Revenue, CAGR & Regional Leaders 2025

Q: How big is the GaN device market?

The GaN market was estimated at USD 2.5 billion in 2024 and is projected to reach USD 11.8 billion by 2031.

Q: What factors are driving the GaN device market?

Growth is fueled by EV expansion, fast charging needs, 5G deployment, and demand for efficient, compact power systems.

Q: Who are the top companies in the GaN device market?

Major players include Infineon, Wolfspeed, GaN Systems, EPC, Transphorm, and Navitas Semiconductor.

Q: What are some recent trends in the market?

Trends include GaN-on-Si development, co-packaged gate drivers, monolithic GaN ICs, and increased use in EVs, data centers, and 5G.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6099

Publication Date: Jul 2025

What is the size of the GaN Device Market?

According to 6Wresearch internal database and industry insights, the GaN Device Market was estimated at USD 2.5 billion in 2024 and is projected to reach USD 11.8 billion by 2031, growing at a CAGR of 19.5% during the forecast period 2025–2031.

As the market is driven by increasing demand for energy-efficient and high-performance semiconductors across applications in consumer electronics, automotive, 5G infrastructure, and industrial power systems, the market is predicted for the strong growth in the coming years.

Key Growth Drivers of the GaN Device Market

Increasing adoption of GaN in electric vehicles (EVs) and fast chargers
Superior efficiency and switching performance over silicon-based devices
Rising demand for compact and lightweight power electronics
Expansion of 5G networks and high-frequency RF components
Integration into renewable energy systems and smart grid infrastructure

GaN Device Market Trends

GaN device market is accelerating forward with strong trends such as transition from silicon to wide bandgap materials. These are majorly used in fast chargers, inverters, RF amplifiers, and data center power supplies. The focus of manufacturers is increasing on developing GaN-on-Si and GaN-on-Sapphire technologies to reduce costs. The push toward surface-mount GaN packages and co-packaged driver solutions is rising to streamline integration into compact designs.

Emerging Developments in the GaN Device Market

GaN device market is seeing developments such as monolithic integration of GaN transistors and drivers, GaN-based ICs for low-loss, high-density power systems. Alongside, GaN transistors operating above 100V for EV platforms. With the time, startups are introducing GaN solutions for wireless power transfer and satellite communications, while major players are expanding 8-inch GaN wafer production. This market is also seeing collaborations between semiconductor foundries and system integrators for custom power modules.