Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Tuesday, June 18, 2024 · 720,952,559 Articles · 3+ Million Readers

GaN RF Device Market Set to Grow at 21.3% CAGR, Aiming for US$ 9.88 Billion by 2034

GaN RF Device Market

GaN RF Devices to Exhibit High Usage in Next-Gen Wireless Communication Systems: Fact.MR Analysis

ROCKVILLE, MARYLAND, UNITED STATES, June 11, 2024 /EINPresswire.com/ -- The global GaN RF device market is evaluated at US$ 1.43 billion in 2024 and is projected to reach US$ 9.88 billion by 2034, reveals Fact.MR, a market research and competitive intelligence provider, in its recently updated report.

GaN RF devices are exhibiting extensive applications in automotive, aerospace and defense, telecommunications, and consumer electronics. Unique characteristics of GaN RF technology such as high energy efficiency, wider bandwidth, and high power density are contributing to its demand growth across various end-use industries.

Rapid adoption of 5G networks across the globe is increasing the use of GaN RF devices in small-cell applications. GaN RF is effective in operating at high-frequency levels, which is increasing its adoption in wireless communication networks, including 5G.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=383

Huge investments in the development of 6G networks are set to offer profitable opportunities for GaN RF device manufacturers over the years ahead. Several governments in developing regions are focused on enhancing their telecommunication infrastructures, which is further boosting the sales of GaN RF technologies.

Ever-growing demand for high-speed internet connectivity particularly for gaming, video streaming, and cloud computing is also increasing the use of GaN RF devices in wireless communication networks. The high power handling capacity is driving the use of GaN RF devices in the manufacturing of aerospace and defense equipment such as radar systems and electronic warfare systems.

Key Takeaways from Market Study
• The global market for GaN RF devices is calculated to increase at a CAGR of 21.3% from 2024 to 2033.
• Sales of GaN RF devices in the United States are approximated at US$ 152.5 million in 2024.
• The Japan market is forecasted to reach US$ 671.5 million by 2034.
• The market in Canada is foreseen to register a CAGR of 21.8% through 2034.
• GaN RF discrete devices are estimated to account for 54.6% of the global market share in 2024.

“GaN RF technology exhibiting increasing application in the production of consumer electronics such as smart home ecosystems and wearable electronics”, says a Fact.MR analyst.

Competitive Landscape

Key players in the GaN RF device industry are pursuing growth-oriented strategies, such as developing comprehensive GaN RF device value chains. Additionally, they prioritize branding and ongoing technical advancements in manufacturing technology. These initiatives empower industry leaders to broaden their regional presence and increase market share, providing them with a competitive advantage.

In April 2024, Guerrilla RF, Inc. acquired Gallium Semiconductor’s entire portfolio of gallium nitride (GaN) power amplifiers and front-end modules. In September 2023, Aixtron SE, a leader in deposition equipment, introduced a compact cluster solution tailored for GaN-based power and RF devices.

Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=383

Asia Pacific Will Be Key Market for GaN RF Device Manufacturers

North America is a huge market for GaN RF device suppliers. Strong presence of automotive, semiconductor, and aerospace & defense sectors is contributing to the high need for GaN RF devices in the country.

Advancements in the telecommunication sector in Asia Pacific will present lucrative opportunities for GaN RF device suppliers. Countries such as China and Japan, which are leading producers of consumer electronics, are making high use of GaN RF technology in product manufacturing to enhance their performance and battery life.

Telecommunications Lead GaN RF Device Market Share by 2034

Key revenue-generating end-use industries for GaN RF devices are expected to see significant demand from the telecommunications sector. GaN RF technology plays a crucial role in both portable electronic devices and global wireless infrastructure. As a result, the telecommunications industry is projected to account for approximately 21.9% of GaN RF device usage by 2034.

Additionally, the growing demand for next-generation LTE networks with high bandwidth is driving an increase in the number of network service providers. Consequently, the need for high-frequency data bandwidth offered by GaN RF devices is set to grow with the expansion of new servers and clouds in the telecommunications sector.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the GaN RF device market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on product type (module, discrete), application (wireless infrastructure, radars & avionics, power storage, PV inverters, CATV, satellite communication, hybrid & EV components, HEV charging equipment, traction motor components, others), and end use (telecommunications, automotive, aerospace & defense, medical devices, industrial), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

Explore More Studies Published by Fact.MR Research:

SIC & GAN Power Semiconductor Market: The global SiC & GaN power semiconductor market is estimated to reach a size of US$ 1.41 billion in 2024 and expected to increase at a CAGR of 22.9% to reach US$ 11.08 billion by 2034-end.

Gallium Nitride Semiconductor Device Market: The global gallium nitride semiconductor device market is estimated at a size of US$ 1.87 billion in 2024 and is projected to increase at a noteworthy CAGR of 23.1% to touch a market valuation of US$ 14.95 billion by the end of 2034.

About Us:

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com

S. N. Jha
Fact.MR
email us here
Visit us on social media:
X
LinkedIn
Other

Powered by EIN Presswire
Distribution channels: Telecommunications


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release