Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers.

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Gallium Nitride (GaN) Device Market Size, Share & Forecast, 2027
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Gallium Nitride (GaN) Device Market Size, Share & Forecast, 2027

The global gallium nitride (GaN) device market size was $20.56 Bn in 2019. The market is projected to grow $8.40 Bn in 2027 at a CAGR of 4.28% in the 2020-2027 period.