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According to Fortune Business Insights, the global gallium nitride device market was valued at USD 20.56 billion in 2019 and is projected to grow from USD 21.18 billion in 2020 to USD 39.74 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.20% from 2020 to 2032. In 2019, North America led the market with a dominant 35.89% share, driven by early adoption and robust semiconductor infrastructure.
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