Jibang Consulting: By 2030, the global GaN power device market is expected to rise to $4.376 billion, with a compound annual growth rate as high as 49%

According to the latest report from Jibang Consulting obtained by Zhitong Finance and Economics APP, with Infineon and Texas Instruments (TXN.US) investing more resources in GaN technology, the development of the GaN power industry will accelerate again. The global GaN power device market is expected to reach approximately USD 271 million in 2023 and is expected to rise to USD 4.376 billion by 2030, with a high CAGR of 49%. The proportion of non-consumer applications is expected to increase from 23% in 2023 to 48% in 2030, with core applications in automotive, data centers, and motor drives. AI Applications Popularization, GaN Expected to Become the Behind-the-Scenes Hero for Heat Dissipation and Efficiency Enhancement The evolution of AI technology is driving the continuous increase in computing power demand, and the power consumption issues of CPUs/GPUs are becoming increasingly significant. In order to cope with more advanced AI computations, the efficiency and power density of server power supplies must be further improved, with GaN becoming one of the key enabling technologies. Delta is the world's largest server power supply provider with a market share of nearly 50%. Observing the advancement of its server power supplies, power density has increased from 33.7W/in3 to 100.3W/in3 over the past 10 years, with power levels reaching 3.2kW and even 5.5kW, and the next generation is expected to exceed 8 kW. Research by Jibang Consulting indicates that by 2024, AI servers are estimated to account for 12.2% of total server shipments, an increase of approximately 3.4% from 2023, while the annual growth rate of general-purpose server shipments is only 1.9%. To seize the business opportunities, Infineon and Navitas Semiconductor have both announced their technical roadmaps for AI data centers this year. Infineon stated that by combining liquid cooling technology with GaN, it has significant advantages at lower junction temperatures, providing significant opportunities for data centers to maximize efficiency, meet the growing power demands, and overcome the challenges of increasing server heat generation. In the motor drive scenario, the potential of GaN's high-frequency characteristics is highlighted In motor drive scenarios such as robots, the application potential of GaN is gradually emerging. Compared to industrial robots, humanoid robots have a sharp increase in Degrees of Freedom (DoF), leading to a significant increase in the demand for motor drives. The joint modules of humanoid robots bear the main tasks of exerting force and braking. In order to achieve higher explosive power, high-power density, high efficiency, and high response motor drives are required. GaN has attracted market attention, especially in areas with high loads such as the legs. Texas Instruments and EPC (Efficient Power Conversion) continue to drive the application of GaN in the field of motor drives, continuously attracting new players. The future of robots will be beyond imagination, and precise, fast, and powerful motion capabilities are key. The motors required to drive their movements will inevitably advance, benefiting from GaN GaN provides a new solution for automotive power electronics Compared to the prosperity of SiC in the automotive industry, GaN automotive applications have also been attracting attention from the industry, with on-board chargers (OBC) being seen as the best breakthrough point. The first power GaN product that meets the automotive AEC-Q101 standard was released by Transphorm (now Renesas) in 2017, and to date, many manufacturers have introduced a variety of automotive-grade products. Overall, although GaN's entry into inverter, OBC, and other power system components still faces several technical challenges, it is believed that with the continuous investment and promotion from automotive chip giants such as Infineon and Renesas, GaN will soon become a key player in automotive power components. Consumer electronics remain the main battlefield for GaN Consumer electronics is the main battlefield for the power GaN industry, extending rapidly from fast chargers to household appliances, smartphones, and other areas. Specifically, GaN has been widely adopted in low-power fast chargers for smartphones, and the next step for GaN will be in laptops and household appliance power supplies that have stricter reliability requirements. In addition, other consumer scenarios with potential include Class-D Audio, Smartphone OVP, and more. According to TrendForce, the power GaN industry is at a critical breakthrough moment, with several potential applications driving the accelerated growth of the industry. Furthermore, in order to enter more complex high-power and high-frequency scenarios, GaN is expected to introduce new structures and processes on the basis of reliability, injecting new momentum into the industry's development. Additionally, in terms of the industry's development process, fabless companies have been quite active in the past period, but as the industry continues to integrate and application markets gradually open up, the influence of traditional IDM giants is expected to significantly rise, bringing new major variables to the future landscape of the industry