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RF Gallium Nitride Market worth $2.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

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News provided by

MarketsandMarkets

Jul 12, 2023, 11:00 ET

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CHICAGO, July 12, 2023 /PRNewswire/ -- The global RF gallium nitride market was valued at USD 1.3 billion in 2022 and is projected to reach USD 2.8 billion by 2028; it is expected to register a CAGR of 12.9% during the forecast period according to a new report by MarketsandMarkets™. The rise in demand for RF GaN devices is attributed to the continuous emergence of technologies in the GaN ecosystem, the suitability of GaN in RF applications, and the increasing adoption of GaN RF semiconductor devices for military, defense, and aerospace applications.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597

Browse in-depth TOC on "RF Gallium Nitride Market" 
100 – Tables
58 – Figures
180 – Pages

RF Gallium Nitride Market Report Scope:

Report Coverage

Details

Market Revenue in 2022

$1.3 billion

Estimated Value by 2028

$2.8 billion

Growth Rate

Poised to grow at a CAGR of 12.9%

Market Size Available for

2019–2028

Forecast Period

2022–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Device, Wafer Size, End User and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

High material and fabrication costs

Key Market Opportunities

Evolving renewable energy applications of GaN

Key Market Drivers

Advantage of GaN over traditional SI


By Wafer Size: 200 and more to account for a larger market share during the forecast year.

The 200 and more wafer size to account for the larger market share in 2028. The market for GaN wafers of 200 and above is expected to witness the highest growth during the forecast period. Wafers in this size range offer manufacturers the ability to increase productivity and produce a large number of devices in a single batch. This, in turn, helps to bring down the overall cost of manufacturing 6-inch wafers, making them one of the most cost-effective GaN wafers available in the market. This has become one of the main reasons owing to which the companies have been developing their semiconductor devices based on GaN wafers of 6 inches and above in recent years.

By Device Type: Integrated RF device segment to account for a larger market share in the forecasted year.

The Integrated RF device to account for the larger market share in 2028. Integrated devices combine multiple components, such as transistors, diodes, and resistors, on a single chip. This can make them smaller, more efficient, and more reliable than traditional discrete devices. RF GaN integrated devices have reformed the field of RF and microwave electronics, offering improved power density, efficiency, and linearity. They find applications in various industries, including wireless communications, radar systems, satellite communications, and defense.

By End Use: telecom infrastructure segment to account largest market share during the forecasted year.

Telecom infrastructure segment accounts for the largest market share in the RF GaN market during the forecast period. GaN has penetrated various base stations with its high-power and high-frequency performance benefits. Base stations are connected to antennas that transmit and receive signals in the cellular network from customer phones and cellular devices. The consumption of GaN-based RF devices in base stations is expected to continue to rise in the coming years. GaN offers superior properties of high-power density, power added efficiency (PAE), gain, and ease in impedance matching.

Additionally, telecom infrastructure demands extreme requirements for front-end components. The highest efficiency and linearity are needed for transmission, and the lowest noise figure is required in receive mode. Low-cost and high-volume manufacturing capabilities are mandatory for commercial applications.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=183000597

Asia Pacific is expected to hold the largest share of the RF gallium nitride market during the forecast period.

Asia Pacific to hold the largest share in the RF gallium nitride industry in 2028. Asia Pacific is the leading RF GaN market for telecom infrastructure and satellite communication industries, with the major demand coming from China, South Korea, and Japan. The RF GaN market in Asia Pacific reports a good growth trend, growing substantially compared with other regions. The main reason behind this is growing awareness about the advantages of RF GaN market devices, the increasing number of 5G base station infrastructure in China, and China and South Korea's budding interesting RF GaN market devices.

The RF gallium nitride companies is dominated by a few globally established players such as Sumitomo Electric Device Innovations, Inc. (Japan), Qorvo, Inc. (US), WOLFSPEED, INC. (US), NXP Semiconductors (Netherlands), MACOM (US). The study includes an in-depth competitive analysis of these key players in the RF GaN market, with their company profiles, recent developments, and key market strategies.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=183000597

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Gallium Nitride Semiconductor Device Market Size, Share and Industry Growth Analysis Report by Device Type (RF, Power, Opto), Wafer Size, Application, Vertical (Consumer and Enterprises, Automotive, Telecommunications), and Geography - Global Growth Driver and Industry Forecast to 2026

Emission Monitoring System (EMS) Market by System Type (CEMS, PEMS), Offering (Hardware, Software, Services), Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals) and Region (2022-2027)

RF Semiconductor Market by Device (Filter, Power Amplifier, Switch, Low Noise Amplifier), Frequency Band, Material (GaAs, GaN, Si) Application (Consumer Devices, Automotive, Telecommunication, Aerospace & Defense), and Region - Global Forecast to 2025

Power Electronics Market by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace), and Geography - Global Forecast to 2026

GaN Power Device Market by Device Type (Power, RF Power), Voltage Range, Application (Power Drives, Supply & Inverter, and RF), Vertical (Telecommunications, Consumer, Automotive, Military, Defense, Aerospace), and Geography - Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/rf-gallium-nitride-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/rf-gallium-nitride.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets

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