NEW YORK, January 5, 2022 / PRNewswire / – According to the latest Fact.MR analysis, by 2032, the global GaN RF devices market is expected to reach $ 5,159 million. During the projection period 2022-2032, the demand for these high power amplifiers is expected to increase at a rate of 21.3%.
In 2022, the GaN RF devices market is expected to be worth 750 million US dollars. GaN (Gallium Nitride) is a widely used RF technology with applications in high power radio frequency amplifiers, thermal management devices, and 4G and 5G modems.
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According to the current RF device market scenario, GaN radio frequency devices account for around 4% of the global RF device market. Do. MR stands for market research and competitive intelligence. Remote controls, mobile and computer network access control, and TV broadcast equipment all rely on GaN RF devices. In addition, the global demand for GaN RF equipment is driven by Wi-Fi, Bluetooth and other wireless communication equipment.
Satellite communication is expected to generate around 37% of associated revenues by the end of 2022, on the main applications of GaN RF devices (wireless infrastructure, radar and avionics, energy storage, photovoltaic inverter, CATV, hybrid components and EV, HEV Charging equipment and traction motor components).
The price of GaN RF devices is entirely dependent on the global production of gallium nitride. Market-focused analysis of GaN RF device end users (telecommunications, automotive, aerospace and defense, medical and industrial devices) reveals that the demand for GaN RF devices in telecommunications will increase by 1270 BPS by 2032.
The emergence of 4G LTE and 4G VOLTE in recent years has driven the market for GaN RF power devices. In addition, the top 5 GaN RF device manufacturers have been able to acquire around 16% of the global GaN RF device market through numerous technological developments.
The telecommunications industry is expected to have the greatest demand for GaN RF devices among the major revenue-generating end users. Telecommunications hubs contain everything from portable electronic devices to global wireless infrastructure.
Key Points from GaN RF Devices Market Research
- China is estimated to hold an absolute $ opportunity of US $ 1,210 million by 2032
- The consumption of GaN RF devices in the telecommunications industry is expected to represent 26.2% of the overall demand.
- The application of GaN RF components in wireless electronic products and other components is expected to grow at a rate of 22.6%.
- Application of GaN radio frequency equipment in wireless infrastructure to gain 695 BPS by 2032.
- The emergence of 4G LTE and 4G VOLTE in recent years has driven the market for GaN RF power devices.
- Product expansion and technical improvements in the telecommunications industry have driven the demand for GaN RF devices.
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Players in the RF GaN devices market have mainly pursued growth-oriented strategies, which include building GaN RF device value chains. In addition, branding and ongoing technological developments in their manufacturing technologies are high on their list of priorities. These tactics help global companies expand their geographic footprint and capture maximum market share, giving them a competitive advantage.
Some of the major players operating in the GaN RF devices market presented by Fact.MR are:
- Sumitomo electric
- Mitsubishi Electric
More information on global GaN RF devices Sales prospects
Fact.MR provides an unbiased analysis of the RF GaN devices market, presenting historical demand data (2017-2021) and forecast statistics for the period 2022-2032. The study reveals compelling information on the global demand for GaN RF devices with detailed segmentation on the basis of:
- By product type
- By application
- Wireless infrastructure
- Radars and avionics
- Energy storage
- PV inverter
- Satellite communication
- Hybrid and EV components
- HEV charging equipment
- Traction motor components
- Other applications
- By end user
- Aeronautics and Defense
- Medical equipement
Key Questions Answered in the GaN RF Devices Market Outlook Report
- Report provides insight into demand outlook for GaN RF devices for 2022-2032
- The market study also highlights the forecasted sales growth for the GaN RF devices market between 2022 and 2032.
- The GaN RF Devices market research identifies key growth drivers, restraints, and other forces impacting dominant trends and evaluating the current market size and forecast and technological advancements within industry
- Analysis of the GaN RF devices market share of key companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.
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