The global GaN semiconductor device market size is estimated to be worth USD 21.1 billion in 2023 and is projected to reach USD 28.3 billion by 2028, growing at a CAGR of 6.1% during the forecast period from 2023 to 2028.
Increasing adoption of GaN semiconductor devices in consumer and business enterprises, surging deploymnet of GaN semiconductor devices in energy & power industry, and growing integration of GaN semiconductor devices in automotive industry are some of the major factors driving the market growth globally.
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