GaN powered Chargers Market Share

Global GaN-powered Chargers Market Overview

GaN-powered Chargers Market Size was valued at USD 0.6 Billion in 2022. The GaN-powered Chargers market End User is projected to grow from USD 0.8 Billion in 2023 to USD 4.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.80% during the forecast period (2023 - 2032). Due to the widespread use of GaN-powered chargers across a range of end uses and the rising demand for these chargers, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

GaN-powered Chargers Market Trends

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  The extensive utilization of GaN powered chargers in various end use industries is driving the market growth

  
  

The widespread use of GaN powered chargers in numerous end use sectors is now driving the market. For instance, electric vehicles (EVs) and hybrid electric vehicles (HEVs) employ it in the lighting and brake control systems. Global sales of EVs and HEVs are increasing as a result of governments in numerous nations enacting strict regulations on greenhouse gas (GHG) emissions. Additionally, they are encouraging people to use energy-efficient technology, which is increasing the demand for GaN powered chargers in the defence and aerospace sectors. In radars, these components are also used to improve navigation, prevent collisions, and enable real-time air traffic control. In order to improve surgical precision, they are also used in the production of medical scanning devices including sonograms, MRIs, and miniature X-ray machines. Additionally, they are employed in distributed antenna systems (DAS), tiny cells, and the densification of remote radio head networks. In addition, it is anticipated that in the upcoming years, manufacturers would benefit from the growing usage of internet of things (IoT) technology and the advent of 5G technology.

The market for GaN-powered chargers is driven by the need for quick charging options that produce less heat and lessen the possibility of overcharging. The market for GaN-powered chargers is anticipated to grow as a result of the rising use of contemporary chargers, which feature monitoring systems across numerous end-use sectors. Industry growth has been fueled by the need for fast charging for the telecommunications sectors while maintaining all power capabilities and safety norms.

Additionally, it is anticipated that throughout the forecast period, the integration of technologies such as Internet of Things (IoT), artificial intelligence (AI), machine learning, and others would hasten the total market advancement. The growing demand for these chargers across various industries is also expected to contribute to the market's rapid expansion. During the projection period, the market's growth rate will be further boosted by the spike in demand for energy-efficient and quick charging devices.

Gallium nitride (GaN) powered chargers are expected to experience continued rapid growth over the course of the projection period thanks to the development of tiny GaN-powered chargers that can be integrated with small electronics devices. Additionally, industry participants are focusing on R&D activities to expand GaN technology and introduce more potent goods. Consumer electronics device manufacturers are entering into long-term agreements with manufacturers of GaN-powered chargers in order to maintain or increase their market position in the global market. Thus, driving the GaN-powered Chargers market revenue.

GaN-powered Chargers Market Segment Insights:

GaN-powered Chargers Power Output Insights

The GaN-powered Chargers Market segmentation, based on Power Output, includes 25W GaN Chargers, 30W GaN Chargers, 45W GaN Chargers, 60W GaN Chargers, 65W GaN Chargers, 90W GaN Chargers, and 100W GaN Chargers. 30W GaN chargers segment dominated the global market in 2022. Due to their great efficiency and high energy density, 30W GaN chargers are being used more frequently to recharge laptops, cellphones, and tablets.

GaN-powered Chargers Application Insights

The GaN-powered Chargers Market segmentation, based on Application, includes Smartphones and Tablets, Laptops and Notebooks, Autonomous Robots, Industrial Equipment, and Wireless Charging. Smartphones and tablets segment dominated the GaN-powered Chargers Market in 2022. Compared to silicon, GaN-powered chargers are more compact and lightweight but also more durable and effective. Additionally, these chargers guarantee fast charging capabilities, which will increase their sales over the anticipated time frame.

GaN-powered Chargers End User Insights

The GaN-powered Chargers Market segmentation, based on End User, includes Consumer Electronics, IT and Telecommunication, Automotive, Aerospace and Defense, and Others. Automotive segment dominated the global market in 2022. This is explained by the rising need for GaN-powered chargers in the EV automobile industry.

Figure 1: GaN-powered Chargers Market, by End User, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

GaN-powered Chargers Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America GaN-powered Chargers Market dominated this market in 2022 (45.80%). This is because some of the top suppliers and manufacturers are well-represented in the area. This can be attributed to the rise in demand for GaN-powered chargers for a variety of applications, including wireless charging, autonomous robotics, computers, notebooks, smartphones, and tablets. Further, the U.S. GaN-powered Chargers market held the largest market share, and the Canada GaN-powered Chargers market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: GAN-POWERED CHARGERS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe GaN-powered Chargers market accounted for the healthy market share in 2022. Application in many end-use areas is accelerating due to technological advancements in GaN semiconductor devices. A growing emphasis on various radio frequency (RF) and wireless applications will also help the market grow. One of the key developments in Europe is the rising demand for GaN in wireless devices. Further, the German GaN-powered Chargers market held the largest market share, and the U.K GaN-powered Chargers market was the fastest growing market in the European region

The Asia Pacific GaN-powered Chargers market is expected to register significant growth from 2023 to 2032. In developing nations like China, there is a growing market for high-tech GaN-powered charger items like the Dual USB-C PD GaN Wall Charger, controllers, and chargers, which is opening up profitable expansion prospects. Due to the large number of Tier II and Tier III manufacturers in East Asia, the automotive and telecom industries are expanding quickly. As a result, there will likely be a rise in the demand for GaN-powered chargers in the area. Moreover, China’s GaN-powered Chargers market held the largest market share, and the Indian GaN-powered Chargers market was the fastest growing market in the Asia-Pacific region.

GaN-powered Chargers Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the GaN-powered Chargers market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, GaN-powered Chargers Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global GaN-powered Chargers Industry to benefit clients and increase the market sector. In recent years, the GaN-powered Chargers Industry has offered some of the most significant advantages to medicine. Major players in the GaN-powered Chargers market, including Fujitsu, Toshiba Corporation, Texas Instruments Incorporated, Cree LED, Aixtron, Mitsubishi Chemical Corporation, Eaton, Siemens, Belkin International, Inc., Aukey, Gizmochina, VisIC Technologies, Koninklijke Philips N.V., VINA International Holdings LTD., GaN Systems Inc., Epigan NV, and Navitas Semiconductor Ltd., are attempting to increase market demand by investing in research and development operations.

Baseus is a manufacturer and owner of a consumer electronics brand that aims to offer consumers straightforward, cost-effective, and useful gadgets. The company's brand is focused on giving consumers with affordable and useful electronics solutions by delivering them high-quality items with premium feel and application cases for various lifestyles. Baseus introduced new Gallium Nitride (GaN) Series 120W charging heads in November 2020, with outputs of 45W, 65W, and 120W. Additionally, the business led the charging sector by introducing the first 65W triple-port quick charging plug. The 120W new Gallium Nitride (GaN) Series is primarily made for 100W 20V/5A laptop charging. Additionally, it supports rapid charging on two laptops at once, including MacBook, Dell, HP, Lenovo, and others.

A multifaceted company with interests in electronics, electrical equipment, and information technology is Toshiba Corp (Toshiba). Storage devices, point-of-sale (POS) systems, energy-saving goods and services, semiconductors, microwave semiconductors and components, tablets, home appliance products, power systems, transmission and distribution systems, and water treatment systems are among the products it designs, develops, manufactures, and sells. It provides building and facility technologies, digital solutions, building solutions for power systems, and other solutions for social infrastructure, including steam turbines for thermal power plants, wind and nuclear power generation systems, hydroelectric, secondary batteries, and energy supply systems, as well as lighting, air conditioning, and lift systems. The corporation conducts business throughout the Americas, Europe, the Middle East, Asia-Pacific, and Africa. The headquarters of Toshiba are in Minato-ku, Tokyo, Japan.

Key Companies in the GaN-powered Chargers market include

• Fujitsu


• Toshiba Corporation


• Texas Instruments Incorporated


• Cree LED


• Aixtron


• Mitsubishi Chemical Corporation


• Eaton


• Siemens


• Belkin International, Inc.


• Aukey


• Gizmochina


• VisIC Technologies


• Koninklijke Philips N.V.


• VINA International Holdings LTD.


• GaN Systems Inc.


• Epigan NV


• Navitas Semiconductor Ltd.

GaN-powered Chargers Industry Developments

September 2020: In order to expand indoor coverage, Samsung Electronics struck a contract with Verizon as its first client in the United States. The current standard for rapid charging is GaN-based wall chargers, which Verizon offers. GaN-based wall chargers are considerably more compact than other types of conventional chargers.

GaN-powered Chargers Market Segmentation

GaN-powered Chargers Power Output Outlook

• 25W GaN Chargers


• 30W GaN Chargers


• 45W GaN Chargers


• 60W GaN Chargers


• 65W GaN Chargers


• 90W GaN Chargers


• 100W GaN Chargers

GaN-powered Chargers Application Outlook

• Smartphones and Tablets


• Laptops and Notebooks


• Autonomous Robots


• Industrial Equipment


• Wireless Charging

GaN-powered Chargers End User Outlook

• Consumer Electronics


• IT and Telecommunication


• Automotive


• Aerospace and Defense


• Others

GaN-powered Chargers Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America