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RF GaN Market Exploring Huge Opportunities with Top Companies by 2032 | With a CAGR of 31.00%

Sep 27, 2023 8:00 PM ET

RF GaN Market Exploring Huge Opportunities with Top Companies by 2032 | With a CAGR of 31.00%

RF GaN Market Insights:

In 2022, the RF GaN Market was estimated at USD 0.5 billion. The market for RF GaN is anticipated to increase from USD 0.655 billion in 2023 to USD 5.680828 billion by 2032, with a compound annual growth rate (CAGR) of 31.0 percent for the forecast period (2023-2032). The adoption of energy and power applications as well as rising demand for IT and telecommunications equipment are the main factors boosting market expansion.

The telecoms sector is recognised as a prominent user of digital transformation technology, one of the main forces behind global digitalization, and one that is undergoing a considerable shift of its competitive landscape. The telecoms sector’s investments in technology and interoperability supported a paradigm shift in capital and information flows throughout the global economy and served as the foundation for the birth of wholly new business models across industries.

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Key Players:

  • Aethercomm Inc. (U.S.)
  • ROHM Semiconductors (Japan)
  • Analog devises Inc. (U.S.)
  • NXP Semiconductors NV (Netherlands)
  • STMicroelectronics NV (Switzerland)
  • Toshiba Corporation (Japan)
  • Cree Inc. (U.S.),

are the notable vendors in the RF GaN market.

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RF GaN Market Regional Analysis:

The report breaks down the markets by region, covering North America, Europe, Asia-Pacific, and the rest of the world. Due to the government’s plan to promote market expansion and market growth in this region, the North American RF GaN market sector will dominate this market.

Due to rising usage of contemporary technologies and semiconductors across numerous regional industries, the market for RF GaN in Europe holds the second-largest market share. Additionally, the European Region’s fastest-growing market for RF GaN was in the UK, while the German RF GaN market had the biggest market share. From 2023 to 2032, the RF GaN Market in Asia-Pacific is anticipated to experience the quickest CAGR growth.

GaN devices are replacing large travelling wave-tube (TWT)-based systems in airborne radar, which is why defence will continue to be one of the main factors driving the GaN industry. Additionally, the Asia-Pacific region’s RF GaN market in China had the highest market share, and the market in India had the quickest rate of expansion.

RF GaN Market Segmentation:

The RF GaN Market is segmented into three types of GaN: GaN-On-SiC, GaN-On-Silicon, and GaN-On-Diamond. The GaN-On-SiC market segment was dominant.

The RF GaN Market is segmented based on Application into IT & Telecomm, Aerospace, and Military & Defence. The market was dominated by the military and defence sector.

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The military segment is also driven by favourable characteristics like high performance and tiny form factors. The demand for technologically improved items in the arsenal of national and international armed forces is anticipated to fuel the global market’s rise further. Both developing and developed countries’ defence budgets are always rising.

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