Global Gallium Nitride Semiconductor Devices Market Size & Outlook
The global gallium nitride semiconductor devices market size was estimated at USD 3,057.5 million in 2024 and is projected to reach USD 12,470.3 million by 2030, growing at a CAGR of 27.4% from 2025 to 2030.
Revenue, 2024 (US$M)
$3,057.5
Forecast, 2030 (US$M)
$12,470.3
CAGR, 2025 - 2030
27.4%
Report Coverage
Worldwide
Global gallium nitride semiconductor devices market, 2018-2030 (US$M)
Related Markets
Global gallium nitride semiconductor devices market highlights
- The global gallium nitride semiconductor devices market generated a revenue of USD 3,057.5 million in 2024 and is expected to reach USD 12,470.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 27.4% by 2030.
- In terms of segment, power semiconductors accounted for a revenue of USD 1,342.6 million in 2024.
- GaN Radio Frequency Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 3,057.5 million |
| Market revenue in 2030 | USD 12,470.3 million |
| Growth rate | 27.4% (CAGR from 2025 to 2030) |
| Largest segment | Power semiconductors |
| Fastest growing segment | GaN Radio Frequency Devices |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Opto-semiconductors, Power Semiconductors, GaN Radio Frequency Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 34.3% of the global gallium nitride semiconductor devices market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 718.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Gallium Nitride Semiconductor Devices Market Scope
Gallium nitride semiconductor devices market segmentation & scope
Others
Gallium Nitride Semiconductor Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Qorvo Inc | View profile | 8700 | 7628 Thorndike Road, Greensboro, NC, United States, 27409-9421 | https://www.qorvo.com |
| NexGen Energy Ltd | View profile | 77 | 1021 West Hastings Street, Suite 3150, Vancouver, BC, Canada, V6E 0C3 | https://www.nexgenenergy.ca |
| SMART Global Holdings Inc | View profile | 3000 | 1390 McCarthy Boulevard, Milpitas, CA, United States, 94560 | https://www.sghcorp.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| Fujitsu Ltd | View profile | 124055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | http://www.fujitsu.com |
Global gallium nitride semiconductor devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Gallium nitride semiconductor devices market size, 2024 (US$M)
Global gallium nitride semiconductor devices market share, by product, 2024 & 2030 (%, US$M)
Gallium nitride semiconductor devices market: Opportunity assessment by country
Global gallium nitride semiconductor devices market, by region, 2024 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
