Lucintel Forecasts The Global Gan Substrate Market To Reach $396 Million By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global GaN substrate market looks promising with opportunities in the automotive, and consumer electronics markets. The global GaN substrate market is expected to reach an estimated $396 million by 2030 from $192 million in 2023 at a CAGR of 11% from 2023 to 2030. The major drivers for this market are growing demand of GaN substrate in led application, increasing need of higher power density for electronic devices, and increasing usage in power electronics application.
A more than 150-page report to understand trends, opportunity and forecast in global GaN substrate market to 2030 by diameter type (