GaN-powered Chargers Industry - Regional Synopsis
North American Market Forecast
North America industry is likely to account for largest revenue share by 2037, 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. Further, the majority of the world's major manufacturers of mobile and communication devices have their distribution networks in North America which is estimated to boost the market her. Moreover, with the purpose of educating young people about the new charging solution, the firms are investing in new marketing strategies, hence driving the market growth in this region.
APAC Market Statistics
Further, the market in Asia Pacific region is also estimated to have a faster growth over the forecast period. The growth of the market in this region is estimated to boost on account of growing adoption of GaN adopters across the offline and online business modules. Additionally, there has been growth in mobile manufacturing industries in this region owing to which the adoption of mobile phones is growing which is also expected to have influence on the market growth
