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GaN RF Devices Market worth US$ 1,500 Million by 2026

02-02-2018 08:12 AM CET | IT, New Media & Software

Press release from: Fact.MR

Fact.MR

Fact.MR

The global GaN RF devices market will continue to be driven by GaN’s wide bandgap property that encourages innovation, growing demand for GaN RF devices in aerospace, defense & military verticals, and successful implementation of GaN technology in RF-power electronics. This report, compiled by Fact.MR, provides in-depth analysis of the global GaN RF devices market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.

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The next section offers an overview of the global GaN RF devices market. This section includes definition of the product – GaN RF devices, along with insights on dynamics contributing towards growth of the market. The overview also throws light on year-on-year growth and market value defining the future progress and decline of the global GaN RF devices. Statistics on the year-on-year growth provides readers with a broader view on expected progress patterns reshaping growth over the forecast period.

In the succeeding section, the report offers insights on major trends, retrains and drivers from demand, supply and macro-economic perspectives. The report also focuses on impact analysis of key drivers and restraints that offers better decision-making insights to clients.

The report further provides the readers with information on the leading technology and advancements traced in the global GaN RF devices market. Up-to-date information and latest advancements regarding growth opportunities can benefit the leading manufacturers of GaN RF devices. With continuous evolution and advancements in technology, tracking the latest trends and developments is fundamental for GaN RF devices manufacturers to formulate key business strategies. Detailed insights regarding the supply chain, list of distributors, raw material sourcing, cost structure, and pricing analysis are provided in this section.

5 Key Projections on Future of GaN RF Devices Market for Forecast Period 2017-2026

1. On the basis of end-user, telecommunications will remain dominant, with revenues poised to account for nearly half share of the market by 2026-end. Aerospace and Defense, and Automotive are also expected to hold major revenue shares of the market during the forecast period. Sales of GaN RF devices for medical devices and industrial end-uses are projected to exhibit a parallel expansion through 2026. Revenues from industrial end-users of GaN RF devices will continue to be sluggish.

2. Wireless infrastructure will continue to be the most lucrative application of GaN RF devices, with revenues set to account for over two-fifth market share by 2026-end. PV inverter is also expected to remain a financially worthwhile application of GaN RF devices.

3. GaN RF devices sales for application in hybrid and EV components are projected to ride on the highest CAGR through 2026. HEV charging equipment and wireless infrastructure applications are expected to witness expansion at equal CAGRs through 2026. Satellite communication and CATV will continue to be the least lucrative applications of GaN RF devices.

4. On the basis of product type, discrete GaN RF devices are anticipated to remain dominant in the market, in terms of revenues. In addition, revenues from discrete GaN RF devices are projected to hold more than four-fifth market share by 2026-end. Demand for module GaN RF devices are expected to remain sluggish in the market.

5. Asia-Pacific excluding Japan (APEJ) has been anticipated to remain the largest market for GaN RF devices. Revenues from GaN RF devices sales in APEJ will surpass US$ 1,000 Mn by 2026-end. Revenue share of Japan and North America in the market will also remain significant, however revenues from APEJ will remain comparatively larger than those combined from Japan and North America.

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APEJ to Remain Dominant Market for GaN RF Devices

The market for GaN RF devices is expected to witness the fastest expansion in Asia-Pacific excluding Japan (APEJ) through 2026. APEJ will also remain the dominant market for GaN RF devices, followed by Japan and North America. The markets in these regions is primarily being driven by increasing GaN RF devices application in defense sector, and large-scale growth of 4G networks. Presence of numerous GaN RF device manufacturers in APEJ is the main reason for its dominance in the global market.

Owing to large-scale 4G network deployment, the need for base stations and high-power transistors is increasing, thereby creating robust demand for wireless infrastructure. In addition, growing adoption of tablets, computers and smartphones, emergence of 5G network, and proliferation of IoT will further create growth avenues for wireless infrastructure. Wireless infrastructure will remain the largest application of GaN RF devices, followed by PV inverter.

Key Research Findings from Fact.MR’s Report

1. Telecommunications sector will remain the most lucrative end-user of GaN RF devices

2. Discrete GaN RF devices are anticipated to remain preferred among products in the market

Competition Tracking

Most of the vendors in the GaN RF devices market have similar offerings, competing primarily in terms of key factors including support services, performance & quality, price and innovation. Requirement of enormous capital investment for development, innovation, and research for making advancements in GaN RF Devices remains a major concern for new market entrants. This will further intensify the competition between existing players. Key market participants mapped by Fact.MR’s report include Raytheon, Sumitomo Electric, Bosch, STMicroelectronics, Hitachi, Toshiba, Mitsubishi Electric, Panasonic, Renesas, and Infineon.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized ICT market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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