GaN Adapters Market to Grow with a CAGR of ~5% During 2031

Date:

Research Nester published a report titled GaN Adapters Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global GaN adapters market in terms of market segmentation by type, power, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global GaN adapters market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e., 2022-2031. The market is segmented byapplication into mobile phones, computers & laptops, consumer electronics, automotive, and industrial products. Out of these, the consumer electronics segment is anticipated to hold the largest share over the forecast period on the back of growing electronics industry, and rising export and import of consumer electronics worldwide.

The utilization of GaN adapters is increasing as it produces less heat resulting into smaller size of chargers and adapters. The increasing number of smart phones, rising number of electric vehicles are some of the major growth factors anticipated to drive the growth of the global GaN adapters market during the forecast period.

Global GaN Adapters Market Regional Synopsis

Geographically, the global GaN adapters market is segmented into five regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest share by the end of 2031 on the back of rising gross domestic expenditure on research & development followed by the growing technological upgradation in the region

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increase in the Number of Personal Computers to Drive the Market Growth

It was found that, in the year 2021, the global PC shipments grew by ~15% compared to 2020

GaN adapters are more compatible and quick charging options for smart devices, mobile phones and personal computers. Moreover, the increasing usage of GaN adapters in variousindustry, such as telecom industry, automotive industry, aerospace and others, is expected to drive the growth of the market.

However, huge investment required for development of GaN technology, and market domination by silicon products are expected to operate as restraints to the growth of the global GaN adapters market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global GaN adapters market which includes company profiling of Belkin International, Inc., Bel Fuse Inc., GaN Systems, Inc., Digi-Key Corporation, Lenovo, Texas Instruments Incorporated, Aten International Co., Ltd., Xiaomi Group, ADG, ASUSTek Computer Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global GaN adapters market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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