GaN RF Device Market Research Study, Sales Revenue, Key Players, Growth factors, Trends and Forecast 2030 | The increased demand for IT & telecommunication

North America Emerged to Be the Fastest-Growing Market for RF GaN during the Review Period

North America has been further segmented into the US, Canada, and Mexico. North America accounts for one of the largest market shares in the RF GAN market due to the presence of notable RF GaN companies. The major players in RF GaN have been working on the technology for well over 15 years, and they have amassed a sizable body of knowledge, skill, and competence. But most importantly, they have developed an almost fervent feeling of faith in the long-term potential of the technology. The market value is further increased by the significant demand from the defense and military industries as well as modern RF GaN trends brought on by the widespread deployment of electric cars and 5G cellular networks in the region. It is anticipated that the North American RF GaN market will continue to dominate during the evaluation period. Additionally, the growing need for additional bandwidth from the industry of electronic devices drives the growth of the RF GaN market.

Europe has been segmented into four countries: the UK, Germany, France, Italy, and the rest of Europe. Some of the factors responsible for the market growth include increased demand for IT & telecommunication equipment and the adoption of energy & power applications. By 2040 or before, all automobiles will be emission-free in several European Union nations, including the United Kingdom (air quality). In this instance, the drive for the development of autonomous cars and drones, along with the necessary infrastructure provisions, further supports the demand for RF GaN technology. As the energy needs of their individual populations rise, European countries are increasing their mandates for renewable energy efficiency. This applies to both the generation and storage of eco-power (battery farms). Significant government investment in local, independent research budgets is being driven by national prestige, defense, technology, and security concerns in order to advance the ultra-tech dimension of RF GaN (and other) technologies. Over the past few years, RF GaN devices have become much more widely used. It has primarily been utilized for defense and infrastructure. Future geopolitical developments will have a significant impact on the RF GaN market. For instance, a company that engages in cooperation operations, Macom, and European STMicroelectronics have partnered to provide the technology for telecom OEMs.

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Asia-Pacific has been further segmented into China, Japan, India, South Korea, Rest of Asia-Pacific. APAC is another promising market for RF GaN. The deployment of 5G networks in various regions of the region, as well as the use of RF GaN devices in electric cars, are driving market expansion. The area is a center for automotive, aerospace, and semiconductor technology. Due to rapidly expanding markets for energy-efficient electronics, China, India, and Japan account for large shares in the area. China’s Innoscience is an example. The integrated device manufacturer currently has a capacity of 4,000 wafers per month with its 8-inch GaN-on-silicon fab, but plans to significantly increase this figure to around 65000 wafers per month once its new Suzhou facility is completed – yet another sign that the power GaN market is only going to grow.

Key Players

Some of the prominent players operating in the global RF GaN market include NXP Semiconductors (Netherlands), Analog Devices, Inc.(US), ST Microelectronics N.V. (Switzerland), Toshiba Corporation (Japan), ROHM Company Ltd (Japan), Wolfspeed, Inc.(US), Aethercomm Inc. (US), Microchip Technology (US), Raytheon Company (US), Qorvo, Inc. (US), Mitsubishi Electric Corporation (Japan), RFHIC Corporation (South Korea), Mercury System Inc (US), Sumitomo Electric Industries

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Covid Impact Analysis

Like most industries, the semiconductor industry has also been affected by the COVID-19 pandemic. The impact of the pandemic on the semiconductor industry was primarily characterized by changing customer behavior, changes in corporate operations, and declining business revenues. The pandemic has impacted both the supply and demand sides. On the supply side, the pandemic exposed previously unrecognized risks due to which shortage of critical components was felt in countries heavily relying on suppliers for their semiconductor needs. Most semiconductor companies tried to restructure their supply chains, increase their inventory, and make other necessary changes to cope with the shortage of critical components.

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RF GaN Market Segmentation

The global RF GaN market has been segmented on the basis of type, application, and region.

The global RF GaN market, based on type, has been segmented into GaN on Sic, GaN on Silicon, and GaN on Demand.

The global RF GaN market, based on Application, has been segmented into 5G Wireless Infrastructure, Aerospace, Military and Defence, and Others.

The global RF GaN market based on  region has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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