GaN powered charger market to report revenue growth from $694.4 million in 2021 to $4.96 billion in 2031. Notebooks, autonomous robots and other devices are supporting the growth of the GaN-powered charger market.

Gallium nitride (GaN) is a powerful alternative to traditional silicon used in chargers. The gallium nitride compound can minimize power loss and achieve high switching frequency with the help of characteristics such as miniaturization, high breakdown voltage due to a wide band gap, and low wiring resistance.

Smartphones will remain the key application for the market. It is expected to account for nearly 35% of GaN-powered chargers sold by 2021-22.

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Key Findings from the GaN Powered Charger Market Study

• The year-on-year growth rate of the GaN-powered charger market is expected to improve by almost 2% compared to 2020
• The US will account for 85% of sales generated in North America in 2021
• The UK is expected to post solid year-on-year growth of over 13% in 2021
• Germany, France, Russia and Spain will be among other lucrative markets in Europe
• While China is expected to remain dominant in East Asia, Japan will see higher growth within the market

Disruptions caused by COVID-19 led to declining growth

Global shipments of GaN-powered chargers by power such as 25W GaN charger, 30W GaN charger, 45W GaN charger, 60W GaN charger and others declined in the first half of the 2020 due to supply chain disruptions due to the COVID-19 outbreak. According to FMI, in 2019 the market saw declining growth of -1.5% compared to the original forecast.

Rising value of gallium nitride technology fuels growth

Consumption of…