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GaN-powered Chargers Market Insights:
The global GaN-powered chargers market is growing rapidly, witnessing vast end-user demand. Market Research Future (MRFR) confirms that the global GaN-powered chargers market value is poised to escalate from USD 0.6 MN in 2022 to USD 4.4 BN by 2032, growing at a 24.80% CAGR throughout the assessment period(2023-2032).
GaN-powered chargers are quickly becoming a mainstream solution for high-power control. GaN chargers are transforming the electronics industry, leveraging fundamental wide-band power. GaN-powered chargers are smaller, more energy-efficient, and faster at charging, substantiating their market demand. The inherent benefits of GaN make it a viable solution to respond to the requirement of fast and efficient control of high-voltage and high-current lines.
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Key Players:
are the notable vendors in the GaN-powered Chargers market.
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GaN-powered Chargers Market Regional Analysis:
North America leads the global GaN-powered chargers market, headed by the large presence of top suppliers and manufacturers in the region. Besides, the rise in demand for GaN-powered chargers for wireless charging, autonomous robotics, computers, smartphones, notebooks, and tablets substantiates the region’s market size.
Moreover, the growing consumer electronics market fosters the growth of the GaN-powered chargers industry in the region. The US accounts for the leading share of the regional market owing to the rapid development in the aerospace sector. The North American GaN-powered chargers market is estimated to retain its dominance throughout the review market.
Europe stands second in the global GaN-powered chargers market. Factors such as growing applications in many end-use areas and accelerating advancements in GaN semiconductor technology escalate the region’s GaN-powered charger market value. Moreover, the growing emphasis on radio frequency (RF) and wireless applications, alongside the rising demand for GaN in wireless devices, substantiates the region’s market share.
The GaN-powered chargers market in the Asia-Pacific region is emerging as the most promising space. In developing nations, the demand for high-tech GaN-powered chargers is growing rapidly, opening up significant market opportunities. Additionally, the presence of several Tier II and Tier III manufacturers and the burgeoning automotive and telecom industries boost the GaN-powered chargers market size.
Among other APAC countries, India is increasingly becoming a hub for technology, automotive, and aerospace developments, with a steady flow from foreign investors. Owing to the raw material advantages and the availability of a cost-competitive labor force substantiate the GaN-powered chargers industry in the region. The APAC GaN-powered chargers market is expected to grow at an impressive CAGR during the assessment period.
GaN-powered Chargers Market Segmentation:
The report is segmented into power output, applications, end-users, and regions. The power output segment is sub-segmented into 25W, 30W, 45W, 60W, 65W, 90W, and 100W GaN chargers. The application segment is sub-segmented into laptops & notebooks, smartphones & tablets, autonomous robots, industrial equipment, wireless charging, and others. The end-user segment is sub-segmented into consumer electronics, IT & telecommunication, automotive, aerospace & defense, and others. By region, the GaN-powered chargers market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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Factors such as the spurting growth in industries such as automotive, ICT, telecommunication, healthcare, and consumer electronics substantiate market growth. Besides, the increasing use of GaN-powered chargers for smartphones & tablets, autonomous robots, and industrial equipment charging drives the market growth.
Furthermore, technological advances and the augmenting demand for extra bandwidth from the end-user of electronic devices push the growth of the market. Conversely, the high manufacturing costs of these devices are the major factors expected to obstruct market growth.
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