RF GaN market 2020: Global Size, Share, Trends, Growth Opportunities, Demand, Dynamics, Key Players, Industry Segments and Forecast 2023

RF GaN market 2020: Global Size, Share, Trends, Growth Opportunities, Demand, Dynamics, Key Players, Industry Segments and Forecast 2023

” RF GaN market “
The report published by Market Research Future (MRFR) states that the global RF GaN market is marked to exhibit remarkable expansion at a CAGR of 19.71% during the assessment period of 2020-2023

Market Scope

Market Research Future (MRFR) anticipates the RF GaN market 2020 to advance at a rate of 21.6% between 2017 and 2023 (assessment period). It is also projected that by 2023-end, the global market can touch USD 1295.5 million. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.

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Top Market Contenders

The top market contenders highlighted in the MRFR research include NXP Semiconductors NV (Netherlands), Aethercomm Inc. (US), STMicroelectronics NV (Switzerland), Analog Devices Inc. (US), Cree Inc. (US), ROHM Semiconductors (Japan), Toshiba Corporation (Japan), and more.

Primary Drivers and Key Restraints

Given the significant evolution of the Gallium nitride/GaN technology, GaN now facilitates better frequency levels in extremely complex applications like radar, phased arrays, VSAT, defense communications and base transceiver stations for CATV/ cable TV. Another growth booster in the market can be the escalating spending by firms on the 5G technology, leading to higher number of 5G subscribers worldwide.

The surge in mergers and acquisitions between companies can also bolster the RF GaN market. For instance, in July 2020, Azur Space Solar Power GmbH (Heilbronn, Germany) acquired ALLOS Semiconductors GmbH (Dresden, Germany) to deploy the latter’s technology to push its III-V epitaxy market into the booming industry of gallium nitride on silicon/GaN-on-Si for RF epiwafers.

The RF GaN market growth is also warranted by the exponential surge in the demand for power electronics that are energy efficient and take up lower power. Since GaN has dynamic chemical and electrical properties, including high-voltage saturation and breakdown velocity, they are the ideal choice to be used in diverse switching devices. The continuous advancements in linearization as well as power efficiency in RF power amplifiers can present attractive opportunities to the renowned players in the global market during the conjectured period.

Market Segmentation

The key segments as per which the RF GaN market has been studied by MRFR experts are type and application.

RF GaN Industry, depending on the type, caters to GaN-On-Silicon, GaN-On-Diamond and GaN-On-SiC. The market for GaN-On-SiC has been the most lucrative since 2017, touching a valuation of USD 246.2 million in the same year. The segment also has the potential to progress at the highest rate of 21.6% in the ensuing years.

The applications covered in the report are aerospace, military & defense, IT & telecommunication, and others.

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Regional Insight

The RF GaN industry has been regionally segregated into APAC/Asia Pacific, North America, Europe, along with RoW/rest of the world.

North America can expect to take over the largest portion of the global market, as a result of the extensive knowledge possessed by the key end users regarding the latest technologies. The high level of spending on the latest services and their fast adoption rate across enterprises can also help the regional market procure major gains in the near future. A majority of the regional players are focused on innovating and developing their products and services that give them a competitive advantage over their rivals. Through partnerships, acquisitions, mergers and rigorous research & development, the companies, especially in the United States are able to achieve a better market position in the region, which also results in better industry growth.

Following the rising concerns with regard to the toxic emissions emanated from the CI and SI powered engines; APAC is increasingly encouraging the adoption of electric vehicles. This provides a lucrative opportunity to the RF GAN vendors in the region, as they are now developing GaN that are smaller, more comfortable and lighter to package and can deal with the challenges regarding extreme temperatures. Also, the well-developed power electronics sector in the region along with the massive number of well-known vendors such as Toshiba Corporation (Japan), Sumitomo Electric Industries Ltd. (Japan) and Mitsubishi Electric Corporation (Japan) present here induce substantial market growth.

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