Blockchain Press Releases
Gallium Nitride Semiconductor Device Market size worth USD 32.91 Billion, Globally, by 2030 at 5.1% CAGR: Verified Market Research®
The “Global Gallium Nitride Semiconductor Device Market Size By Product, By Component, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Gallium Nitride Semiconductor Device Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., Aug. 17, 2023 /PRNewswire/ — The Global Gallium Nitride Semiconductor Device Market is projected to grow at a CAGR of 5.1 % from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 22.11 Billion in 2022 and is expected to reach USD 32.91 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=24709
Browse in-depth TOC on “Gallium Nitride Semiconductor Device Market“
202 – Pages
126 – Tables
37 – Figures
Market Analysis Reveals Promising Outlook for Gallium Nitride (GaN) Semiconductor Devices
The global semiconductor landscape is undergoing a transformative shift with the emergence of Gallium Nitride (GaN) semiconductor devices, characterized by their potential to deliver high output power, compact form factors, and remarkable efficiency in microwave and ultra-high frequency applications. A comprehensive market analysis underscores the key drivers, growth prospects, and prominent players shaping the GaN semiconductor market.
Gallium Nitride Semiconductor Device Market Drivers
The pressing need for energy-efficient solutions, driven by the depletion of oil reserves and the scarcity of energy sources, has intensified the optimization of power gadgets. Conduction and switching losses have historically been the primary culprits behind power device inefficiencies. However, GaN gallium nitride devices have emerged as a game-changer, boasting attributes such as high breakdown voltage and low conduction resistance. This has led to a surge in demand for GaN-based solutions as industries strive to enhance energy conservation.
Gallium Nitride Semiconductor Device Market Outlook
The market for GaN semiconductor devices is witnessing a paradigm shift, fueled by their expanding applications. GaN RF semiconductor devices, in particular, are gaining prominence across sectors like defense, military, and aerospace, owing to their cost-effective and low-power characteristics. The versatility of GaN’s material properties is further driving innovation across industries, propelling the exploration of novel applications.
Investments from venture capital firms are playing a pivotal role in advancing Gallium Nitride Semiconductor Device Market. The integration of GaN into 5G multi-chip modules is a notable trend, given the imperative for energy-efficient solutions in these networks. As a result, several semiconductor leaders are actively incorporating GaN technology into their 5G offerings, further propelling market growth.
The robotics industry is poised to be a significant catalyst, with GaN finding application in servo drives for robotics and motion control systems. Technological advancements and the escalating demand for automation in manufacturing processes are expected to drive robust sales of robotic units, consequently boosting the demand for Gallium Nitride Semiconductor Device Market.
Key Players
The GaN semiconductor market boasts a roster of distinguished players, each contributing to the sector’s advancement. Key industry players include Panasonic Corporation, Toshiba Corporation, Texas Instruments, NXP Semiconductors NV, Infineon Technologies AG, Cree, Efficient Power Conversion Corporation, Fujitsu Ltd., GaN Systems, NexgenPowerSystems, Qorvo, Samsung, Mitsubishi Electric, Macom, Nichia, Dialog Semiconductor, and Epistar.
Conclusion
The Gallium Nitride Semiconductor Device Market is poised for substantial growth, driven by the convergence of energy-efficient demands, technological innovation, and diverse applications across industries. With its unique material properties and energy-efficient attributes, GaN is positioned as a technology of choice for a wide range of cutting-edge applications. The dominance of North America, led by the defense and aerospace sectors, underscores the global influence of these industries. As governmental support continues to bolster semiconductor innovation, the GaN market’s potential remains on a promising trajectory.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Gallium Nitride Semiconductor Device Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Gallium Nitride Semiconductor Device Market into Product, Component, End-User, And Geography.
- Gallium Nitride Semiconductor Device Market, by Product
- Power Semiconductor
- RF Semiconductor
- Opto Semiconductor
- Gallium Nitride Semiconductor Device Market, by Component
- Transistors
- Power IC
- Rectifier
- Others
- Gallium Nitride Semiconductor Device Market, by End-User
- Information & Communication Technology
- Defense & Aerospace
- Consumer Electronics
- Healthcare
- Others
- Gallium Nitride Semiconductor Device Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Blockchain Press Releases
Bybit’s CEO Meets with Vietnam’s Minister of Finance to Support Regulatory Sandbox and Strengthen Crypto Compliance
DUBAI, UAE, April 19, 2025 /PRNewswire/ — Ben Zhou, Co-founder and CEO of Bybit, one of the world’s second-largest cryptocurrency exchanges by trading volume, met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, to express Bybit’s strong support for the country’s regulatory sandbox initiative and its vision to build a safe, transparent, and innovation-friendly digital asset ecosystem.
Hosted at the Ministry of Finance headquarters, the meeting centered on Vietnam’s efforts to establish a comprehensive legal framework for crypto assets. Minister Nguyen Van Thang outlined the Government’s plan to launch a pilot sandbox mechanism that will allow regulators to test the issuance and trading of crypto assets in a controlled environment. This initiative is designed to mitigate risks, strengthen investor protection, and ensure regulatory readiness before introducing official legislation.
A key part of the discussion focused on safeguarding the market against illicit activities. The Minister emphasized the importance of robust compliance frameworks, including Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, to prevent the misuse of digital assets and support the country’s financial security.
In response, Ben Zhou welcomed Vietnam’s measured and responsible approach to digital asset regulation and reiterated Bybit’s long-standing commitment to compliance:
“Vietnam’s forward-thinking regulatory sandbox is a critical step toward unlocking the full potential of blockchain technology. At Bybit, we are fully aligned with the Government’s focus on investor protection and financial integrity,” said Ben Zhou, Co-founder and CEO of Bybit. “We are proud to share our expertise in KYC, AML, and global compliance standards, and we look forward to supporting Vietnam in building a resilient, secure, and dynamic crypto economy.”
Bybit expressed its readiness to collaborate with Vietnamese authorities on several fronts, including system architecture design, transaction oversight, and the implementation of international best practices in AML/KYC. The exchange also proposed support in capacity building, such as training financial regulators and sharing experiences from other jurisdictions.
Minister Nguyen Van Thang welcomed Bybit’s proactive approach and assigned the State Securities Commission to coordinate with Bybit on concrete proposals. He also commended Bybit’s reputation for strong financial capabilities, technological resilience, and its adherence to legal and regulatory requirements in the markets where it operates.
This meeting underscores Bybit’s growing role as a trusted international partner for regulatory dialogue and innovation. It also highlights Vietnam’s readiness to embrace blockchain technology while ensuring financial safety and public confidence in the digital asset space.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press.
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DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops. This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT.
Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top.
Prize Pool Distribution Highlights:
- 40% to the champion squad
- 30% to the runner-up
- 25% to the top 100 individual traders by volume
- 5% to users who correctly predict the winning squad
The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading.
Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion.
The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT.
Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Tomorrowland Brasil 2025 General Sale in Full Swing — Exclusive Cashback for Bybit Cardholders
DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, highlights that general ticket sales for Tomorrowland Brasil 2025 are currently ongoing, with exclusive benefit available to Bybit Card and Bybit Pay eligible users such as 20% cashback.
The Bybit Card is designed for global use and supports both fiat currencies—ARS, BRL, EUR, USD—and a wide selection of cryptocurrencies. Integrated with Apple Pay, Google Pay, and Samsung Pay, it offers users up to 10% cashback on everyday purchases, 8% APR through Auto-Savings, free worldwide delivery, and $100 in monthly ATM withdrawals at no cost—without any annual fees.
Returning to the vibrant setting of Parque Maeda in Itu, São Paulo, Tomorrowland Brasil 2025 will take place from October 12 to 14, promising three days of music, imagination, and cultural exchange. Famed for its theatrical stages, global audience, and meticulously curated lineup, Tomorrowland is more than a festival—it’s a world of its own. With each edition, it transforms into a breathtaking playground of light, sound, and storytelling, drawing music lovers from over 100 countries to celebrate unity through electronic music.
This year’s Brazilian edition will feature performances from some of the world’s most sought-after artists, including David Guetta, Armin van Buuren, Vintage Culture, Mind Against, Steve Aoki, James Hype, Alesso, Nervo, and I Hate Models. Special acts include Alok’s “Something Else” concept, ANNA b2b Vintage Culture, and a powerful b2b set from Matisse & Sadko and Third Party. With more names still to be revealed, the event is shaping up to be one of the strongest editions yet.
“Tomorrowland Brasil is one of those rare experiences that transcends music—it creates lasting memories and connects people from every walk of life,” said Joan Han, Head of Payment business unit at Bybit. “We’re proud to support this global celebration by offering our users exclusive benefits that make it easier to be part of something truly unforgettable.”
Tomorrowland Brasil continues to be a beacon of creativity, community, and connection, standing at the intersection of music, technology, and art.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
About TOMORROWLAND BRASIL
Tomorrowland Brasil 2025 will take place on October 10-12 in the beautiful festival area of Parque Maeda in Itu, a municipality in São Paulo. The festival will revolve around the mesmerizing ‘LIFE’ theme, set against the backdrop of Brazil’s enchanting natural beauty. A story set in the mythical realm of Silvyra, it’s a world unto its own, filled with creatures, plant life, and people living in harmony, each with their own stories, with the diversity of Silvyra’s lush nature represented in the spectacular ‘LIFE’ Mainstage. Offering the ultimate escape from the city during three days of bliss, guests will be treated to breathtaking performances by more than 150 of the world’s finest electronic artists across 6 mesmerizing stages.
The first two festival editions of Tomorrowland Brasil took place in 2015 and 2016 in the beautiful festival area of Parque Maeda in Itu, São Paulo. After years of dreaming of a return, Tomorrowland finally headed back to Brazil in 2023, becoming a yearly highlight once again.
Tomorrowland Brasil 2025
October 10-12, 2025
Parque Maeda, Itu
brasil.tomorrowland.com
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