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Gallium Nitride Device Market

The global gallium nitride device market was valued at approximately USD 20.56 billion in 2019 and is expected to expand to around USD 39.74 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.20% from 2020 to 2032. In 2019, North America held a significant portion of the market, accounting for 35.89% of the total share. This growth trajectory indicates a strong demand for GaN devices across various applications in the coming years.

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Gallium Nitride Device Market

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