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The gallium nitride semiconductor devices market size is forecast to increase by USD 8.22 billion, accelerating at a CAGR of 29.08% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for GaN devices in various applications. GaN semiconductors offer several advantages over traditional silicon-based devices, including higher efficiency of power electronics, faster switching speeds, and better power handling capabilities. One of the major trends in the market is the increasing adoption of RF GaN in 5G infrastructure developments due to its ability to support high power and high frequency applications. However, market growth is challenged by the high material and fabrication costs associated with semiconductor capital equipment.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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