Market Size of GaN RF Semiconductor Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 30.58 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
GaN RF Semiconductor Devices Market Analysis
The GaN RF semiconductor devices market is expected to grow at a CAGR of 30.58% over the forecast period (2021-2026). The COVID-19 outbreak has started to impact supply lines across various industries, and with the telecoms industry there is no exception. For the telecommunication industry, COVID-19 is expected to impede the 5G penetration significantly. In this critical situation, consumers are expected not to stop using mobile phones, but most of them may not be able to invest more in a technology that is still in a nascent stage. Owing to the growth of the Internet of Things (IoT), the advent of 5G network and widespread applications across various industry verticals will offer immense growth opportunities to the RF GaN semiconductors market.
- The successful implementation of IoT needs data transfer over a network without human-to-computer interaction. The increasing implementation of IoT will result in signal congestion and will demand the use of GaN technology that can amplify power, capacity, and the bandwidth required for communicating with all interconnected devices.
- Development of MEMS technology are an integral part of IoT devices, and will also have a positive impact on the GaN RF semiconductor devices market.Increasing demand for smartphones, gaming devices, laptops, and TVs is expected to drive the GaN semiconductor devices market in the consumer electronics sector.
- The increasing competition with SiC can hamper the market share of GaN RF Semiconductors as SiC has higher thermal conductivity than GaN meaning that SiC devices can theoretically operate at higher power densities than GaN.
- The ongoing crisis due to COVID-19 can act as a driver of technological advancement, despite the challenges faced by the industry. Whereas, in some cases, 5G is already proving its worth. For instance, in Wuhan (China), Huawei installed a 5G network in a specialist hospital in three days. As a result of the effort, 5G-enabled robots were able to help take care of patients in the hospital and take measurements, reducing the amount of time medical staff needs to spend with infectious patients.
