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GaN Adapters Market Analysis by Type (1 Port Power Charger, 2 Port Power Charger, and 4 Port Power Charger); by Power (45W, 65W, and More than 100W); and by Application (Mobile Phones, Computers & Laptops, Consumer Electronics, Automotive, and Industrial Products) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • GaN Systems, Inc. – introduced new GaN 250W AC/DC charger design which is 50% smaller and 40% light in weight. The charger features 96% peak efficiency in low profile form factor and ultra-high-power density (16W/in3).
  • CUI Inc, a Bel group company - announced the expansion of its SDI product family with the inclusion of SDI300G-U, SDI300G-UR and SDI120G-U GaN desktop ac-dc power supply series. The induction broadens the product range for the GaN adapter line. The SDI300G-U, SDI300G-UR and SDI120G-U offers 300 W and 120 W of continuous power respectively, from a compact desktop package, boasting up to 100% increase in power density compared to non-GaN units.

Global GaN Adapters Market Size, Forecast, and Trend Highlights Over 2022 - 2031

GaN-Adapters-Market-Scope

The global Gallium Nitride (GaN) adapters market is estimated to garner a moderate revenue by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated a modest revenue in the year 2021. The growth of the market can primarily be attributed to the growing energy consumption worldwide. For instance, the annually estimated to be approximately 580 million terajoules worldwide.

GaN-Adapters-Market

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GaN is a semiconductor, a material with conductivity value between a conductor and an insulator. The rising demand for GaN adapter can be attributed to its efficacy to withstand higher voltages and conduct current much faster. Its efficiency for conducting current is 1000x better when compared to silicon. With the recent advancements and breakthrough in the technological industry as well as the increasing demand for GaN adapter amongst the smart phone users, is expected to create massive revenue generation opportunities for the key players operating in the global GaN adapters market during the forecast period. It was found that, between 2021 to 2022, more than 268 million smartphone users were added worldwide.

Global GaN Adapters Market: Growth Drivers and Challenges

Growth Drivers

  • Increase in the Number of Personal Computers (PC) -The consumers are looking forward for more compatible and quick charging options for their smart devices and personal computers and it is expected to rise the growth of the global GaN market. It was found that, in the year 2021, the global PC shipments recorded ~15% hike as compared to 2020, with more than 340 million units PC including desktops, notebooks and workstations shipped globally.
  • Upsurge in the Number of Data-center – There is a need for more efficient, smaller power supplies technology owing to its stronger restrictions for energy consumption. The increasing number of data-centers is projected to increase the growth of the global GaN adapters. For instance, with the available data of 110 countries, approximately 8,000 data centers were found across globe in January 2021.
  • Rising Number of Electric Vehicles – requires more power-dense batteries, efficient electric motors, and new wide-bandgap semiconductor solutions for the entire powertrain. The increasing demand for EV is expected to propel the demand GaN adapters as it is a wide-bandgap material providing numerous advantages at the system level for better performance. According to the Global EV Outlook 2022 published by International Energy Agency technology by the end of 2021, there were approximately 16.5 million electric cars on the world’s roads.
  • Upsurge in the demand for Television– Requirement of high-efficiency power supplies of several hundred watts for the television is expected to drive the growth of the global GaN adapters market. In the year 2020, ~8 million units of television sets were sold in United Kingdom.

Challenges

  • Huge Investment Required for Development of GaN Technology
  • Market Domination by Silicon Products
  • Lack of Tailored Infrastructures for GaN -based Products.

The global GaN adapters market is segmented and analyzed for demand and supply by application 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. As per the India Brand Equity Foundation, the appliances and consumer electronics industry accounted for ~USD 9.84 billion in 2021, and is expected to reach more than USD 21.18 billion by 2025.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.  

Global GaN Adapters Market Regional Synopsis

Regionally, the global GaN adapters market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of technological advancement and innovations along with increasing expenditure on research & development in the region. For instance, it was found that, in United States, the gross domestic expenditure on research & development was accounted for ~USD 656 billion.

GaN-Adapters-Market-Size

The global GaN adapters market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global GaN adapters market includes the following segments:

By Type

  • 1 Port Power Charger
  • 2 Port Power Charger
  • 4 Port Power Charger

By Power

  • 45 W
  • 65 W
  • More than 100 W

By Application

  • Mobile Phones
  • Computers & Laptops
  • Consumer Electronics
  • Automotive
  • Industrial Products
 

Top Featured Companies Dominating the Global GaN Adapters Market

  • Belkin International, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Bel Fuse Inc.
  • GaN Systems, Inc.
  • Digi-Key Corporation
  • Lenovo
  • Texas Instruments Incorporated
  • Aten International Co., Ltd.
  • Xiaomi Group
  • ADG
  • ASUSTek Computer Inc.

 

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