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Stock impact report

Global Power GaN Devices Market to Surge with a CAGR of 41.5% from 2024 to 2032 [Yahoo! Finance]

Power Integrations, Inc. (POWI) 
Last power integrations, inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.power.com
Company Research Source: Yahoo! Finance
Players, Competitive Strategies and Forecasts, 2024 To 2032" report has been added to ResearchAndMarkets.com's offering. The power GaN devices market is forecasted to witness a remarkable compound annual growth rate of 41.5% between the years 2024 and 2032. A significant growth driver for this market is the burgeoning IT & Telecommunication sector, which necessitates high-performance devices as a result of data center expansions and progressive 5G technology deployment. The automotive industry, with its increasing adoption of electronics and electric vehicles, is also propelling the demand for power-efficient GaN devices. The Aerospace & Defense sector underscores the market's growth with a solid projection, backed by heightened demand for electronic warfare, sophisticated radar systems, and communication devices. Challenging Integration in Industrial Applications Despite marked growth, the market faces integration challenges in the industrial sector. Compatibility and adaptat Show less Read more
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