Lucintel Blog: Lucintel Forecasts RF GaN Semiconductor Device Market to Grow at a CAGR of 21%-23%

Friday, February 11, 2022

Lucintel Forecasts RF GaN Semiconductor Device Market to Grow at a CAGR of 21%-23%

According to the recent study the RF GaN semiconductor device market is projected to grow at a CAGR of 21%-23% from 2020 to 2025. Growth in this market is primarily driven by increase in demand for gallium nitride in automotive and consumer electronics, the success of gallium nitride in RF power electronics, and wide bandgap property of gallium nitride material encouraging innovative applications.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in RF GaN semiconductor device market by material (GaN-On-SiC, GaN-On-Silicon, GaN-On-Diamond), application (wireless infrastructure, power storage, satellite communication, PV inverter, and others), end use industry (aerospace and defense, IT and telecom, consumer electronics, automotive, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/rf-gan-semiconductor-device-market.aspx

“Wireless infrastructure market is expected to remain the highest growth segment during the forecast period.”

Based on application, the RF GaN semiconductor device market is segmented into wireless infrastructure, power storage, satellite communication, PV inverter, and others. Lucintel forecasts that the wireless infrastructure market is expected to remain the highest growth over the forecast period due to increasing technological advancements in 5G infrastructure networks, growing adoption of 4G and 5G mobile devices, and rising implementation of RF GaN solutions in wireless infrastructure applications such as in radio, MRI machines, radar, television broadcasting, and others.

“Asia Pacific will dominate the RF GaN semiconductor device market in near future.”

Asia Pacific is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to the growing market for telecommunication and the electronics industry across the region.

Download Brochure of this report by clicking on https://www.lucintel.com/rf-gan-semiconductor-device-market.aspx

Major players of RF GaN semiconductor device market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cree, Hitachi, Infineon, Mitsubishi, Panasonic, STMicroelectronics, Sumitomo, and Toshiba is among the major RF GaN semiconductor device providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/rf-gan-semiconductor-device-market.aspx or helpdesk@lucintel.com.

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