GaN Power Modules Market, Size Share Trends 2026-2034
Global GaN Power Modules Market , valued at USD 0.1 million in 2026, is poised for explosive growth, projected to reach USD 2.6 million by 2034. This represents a remarkable compound annual growth rate (CAGR) of 38.8%, as detailed in a comprehensive new report published by Semiconductor Insight. The study underscores the transformative potential of gallium nitride technology in revolutionizing power electronics across multiple high-growth industries. GaN power modules, essential for enabling higher efficiency, greater power density, and superior thermal performance compared to traditional silicon-based solutions, are becoming indispensable in next-generation applications. Their ability to operate at higher frequencies and temperatures makes them a cornerstone of modern electrification and digitalization trends. Electric Vehicle Revolution: The Primary Growth Catalyst The report identifies the rapid global transition to electric vehicles as the paramount driver for GaN power module...