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Gallium Nitride Semiconductor Device Market size worth USD 32.91 Billion, Globally, by 2030 at 5.1% CAGR: Verified Market Research®

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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 onGallium Nitride Semiconductor Device Market

202 – Pages
126 – Tables
37 – Figures

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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

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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.

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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

Browse Related Reports:

Compound Semiconductor Market By Type (Gallium Nitride (GaN), Gallium Arsenide (GaAs)), By Application (General Lighting, Telecommunication), By Geography, And Forecast

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Power Electronics Market By Device (Power Discrete, Power Modules), By Material (Silicon, Silicon Carbide, Gallium Nitride), By Vertical (ICT, Energy And Power, Industrial), By Geography, And Forecast

Power Amplifier Market By Verticals (Consumer Electronics, Industrial, Telecommunication), By Product (Audio Power Amplifier, Radio Power Amplifier), By Technology (Gallium Arsenide, Silicon), By Geography, And Forecast

Power Semiconductor Market Size By Material (Gallium Nitride (Gann), Silicon Carbide (Sic)), By Application (Consumer Devices, Telecommunication), By Geography, And Forecast

Top 7 Semiconductor And Circuit Companies consolidating ‘new age’ technologies

Visualize Gallium Nitride Semiconductor Device Market using Verified Market Intelligence -:

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Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

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We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected]  
Web: https://www.verifiedmarketresearch.com/  
Follow Us: LinkedIn | Twitter

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Blockchain Press Releases

HTX Ventures Announces Strategic Investment in Figment Capital to Enhance Global Innovation Support

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SINGAPORE, May 30, 2024 /PRNewswire/ — HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has officially announced a strategic investment in Figment Capital, an early-stage venture fund focused on blockchain infrastructure. This investment underscores HTX Ventures’ commitment to fostering innovation and supporting scalable Web3 technology development globally.

Launched in 2021, Figment Capital is dedicated to investing in high-conviction, early-stage blockchain infrastructure projects. By leveraging its strong technical understanding and deep connection with Figment Inc., a leader in enterprise-grade staking infrastructure, Figment Capital offers unparalleled technical insights and support to its portfolio companies.

Edward, Managing Partner at HTX Ventures, stated, “We are delighted to welcome Figment Capital as a strategic partner. This investment aligns with our mission to support promising companies and drive the next generation of technological innovations. By leveraging Figment’s technical expertise and robust network, we can identify and support superior projects while also helping them expand into the Asian market. HTX Ventures continues to solidify its position as a global investment leader.”

James Parillo, Managing Partner at Figment Capital, also shared, “The HTX Ventures team has been incredibly helpful in our growth as an emerging investment fund. Their knowledge of the Asian market and experience operating a globally recognized exchange has been invaluable as we continue to grow. We’re thankful for the trust and support the HTX Ventures team has placed in us and continue to look forward to collaborating for years to come.”

Figment Capital’s portfolio boasts notable projects such as EigenLayer, Celestia, Initia, Wormhole, Movement, zkSync, and more. The trust and reputation that Figment Capital has earned among Web3 founders are further strengthened by its close collaboration with portfolio companies, providing strategic guidance and technical support.

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HTX Ventures is excited about the potential of this partnership. By combining Figment Capital’s technical prowess and industry connections with HTX Ventures’ extensive market reach, particularly in Asia, we are well-positioned to support the next wave of innovative blockchain projects. This strategic investment marks a significant milestone in our mission to enhance global innovation support in the blockchain space.

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Figment Capital, Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Visit us here.

Contact Details
Michael Wang
[email protected]

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Company Website
https://www.htx.com/en-us/ventures

About Figment Capital

Figment Capital is an early stage venture fund, focused primarily on investing in blockchain infrastructure. Launched in 2021, Figment Capital invests in high-conviction, early-stage blockchain infrastructure projects, leveraging strong technical insights and support. Notable portfolio companies include EigenLayer, Celestia, Initia, Wormhole, Movement, and Starkware.

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Blockchain Press Releases

Bybit Drives Significant Trading Surge with EUR Zero Fees Campaign

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DUBAI, UAE, May 30, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by trading volume, today announced a staggering increase in EUR trading volume following the launch of its EUR Zero Fees Fiesta campaign in early April. This move underscores Bybit’s commitment to the European market, offering a competitive and cost-effective platform for European crypto traders.

“By eliminating EUR trading fees, we’re making it easier and more affordable for European users to participate in the cryptocurrency market,” said Joan Han, Sales & Marketing Director of Bybit. “We view Europe as one of the key growth markets and are dedicated to offering a streamlined experience for European traders.

Soaring Popularity: Bybit Now #2 in Netherlands Market

The EUR Zero Fees Fiesta campaign has yielded impressive results. Since its launch, Bybit has observed a 13% average daily increase in trading volume for EUR pairs (compared to April data). This surge in volume strengthens Bybit’s position as a major player in the European crypto market. Bybit is currently ranked number two in the Netherlands, highlighting its expanding presence in the region.

Beyond Fees: Fostering a Convenient Crypto Experience for Europeans

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Bybit’s commitment to fostering a vibrant and accessible crypto ecosystem for European users extends beyond just fees. The EUR Zero Fees Fiesta campaign eliminates hidden costs, simplifying user participation in the market without surprise charges. This, combined with the seamless one-click purchase option through Google Pay across 35 currencies, empowers European users to buy and trade crypto with unmatched ease. Bybit is committed to making crypto not just accessible, but truly convenient for all European traders.

This dedication to user experience is what positions Bybit as the ideal platform for European crypto enthusiasts.  We’re constantly innovating to streamline processes and remove friction points, ensuring a smooth and hassle-free journey into the world of digital assets.

#Bybit / #TheCryptoArk /

About Bybit

Bybit is one of the world’s top three crypto exchanges by volume with over 30 million users. Established in 2018, Bybit offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

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

Artrade’s new RWA feature ‘Fragments’: Launching with a Picasso

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Investing in world-class art like buying tokens on Solana

PARIS, May 29, 2024 /PRNewswire/ — Artrade is excited to announce the upcoming launch of its new feature “Fragments”: a Real World Asset (RWA) physical masterpiece linked to a token on Solana. 

 

 

After the presale, it will be accessible in one click like any other tokens on a DEX.

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Making real world art investment easier than ever before.

The artworks 

We are only considering important artists for our new “Fragments” feature. Rapidly increasing and reliable valuations convinced us this is the right choice. We’ve been sourcing and analyzing serious offers on Monet, Picasso, Warhol and Banksy among others.

This typically expensive and elite investment opportunity is now accessible to you through trading fractions of it with Artrade.

Our first inaugural piece for this feature:

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A drawing by Pablo Picasso.

Artrade is proud to showcase this intimate piece of art by the most famous signature in the world, valued at $200,000.

The artwork will be revealed at the NFC conference in Lisbon, and the presale opened at this occasion.

After months of sourcing and researching the art market, we’re proud to come to the public with a piece by such an iconic artist.

Our vision

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Our ultimate vision is not to resell our artworks on the traditional market for a profit, but rather to create real-time quotations of our artwork’s tokens. Enhancing token value for holders over time.

Though if the artwork is resold, holders will have the option for a buyback (convert to USDC) of their tokens.

According to Artrade’s founder Paul Weibel: “On-chain real world assets will finally democratize the investment in historical masterpieces of art.”

What you get as a Fragment investor:

  • $ATR token airdrop
  • Whitelist priority on the next token offering
  • Be a part of the exclusive Fragment Collector community
  • Access to exclusive networking events and IRL showcases of the artwork

Why invest in an Art Real World Asset token?

Liquidity: contrary to a NFT or a physical artwork, a token is completely liquid and can be traded anytime.

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Value: the value of your token is really associated to the value of the artwork on the market. It’s a token with a real utility and value in the world.

Investment: the valuation of masterpieces has been reliable, strong and consistent for hundreds of years. The market knows that.

With Artrade’s RWA Token, this value will be displayed in real-time and opened to a dynamic Web3 native secondary market.

About Artrade 

Artrade is a French JEI (young innovative R&D company) created and funded in 2021 through an ICO (initial coin offering). Since then, the $ATR token has reached an ATH of $140m valuation with a pool of thousands of holders.

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The main and already running marketplace is built around Art real world assets by contemporary artists. Counting around 4,000 monthly users, Artrade is gaining more and more credibility and traction in the space.

Stay tuned for more updates and get ready to invest in world-class art with Artrade’s innovative “Fragments” feature.

Artrade, trade art. 

Photo: https://mma.prnewswire.com/media/2424684/Artrade.jpg

Media contact:
[email protected]

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