RF GaN Semiconductor Device Market Analysis
Globally,
the size of RF
GaN Semiconductor Device Market is expected to reach USD 5.35 billion by
2030 at a CAGR of 23.12% driven by, The RF GaN Semiconductor Device Market was
discovered to be the ideal replacement material for silicon in medium-voltage
power applications by the semiconductor industry.
RF
GaN Semiconductor Device Market Key Players
Eminent
players profiled in the global RF GaN semiconductor device market report
include Mitsubishi Electric Corporation (Japan), Sumitomo Electric Industries,
Ltd (Japan), Raytheon Company (US), Robert Bosch GmbH (Germany),
STMicroelectronics (France), Hitachi, Ltd (Japan), Toshiba Corporation (Japan),
Infineon Technologies AG (Germany), Panasonic Corporation (Japan), Microchip
Technology (US), Renesas Electronics Corporation (Japan), Aethercomm Inc.(US),
Cree, Inc. (US), Analog Devices Inc.(US), NXP Semiconductor (Netherlands), ROHM
Semiconductors (Japan), Qorvo Inc. (US), among others.
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RF
GaN Semiconductor Market Drivers/ RF GaN Semiconductor Market Trends
Rising
Use of RF GaN Semiconductor Device in Defense Sector to Boost Market
Growth
The rising use of such devices in the defense sector will boost market growth over the forecast period for the growing need for increased bandwidth as well as performance reality in electronic warfare, radars, radio communications, and others. SiC is the right choice for manufacturing bullet-proof jackets owing to its strength and hardness. ICs that are GaN-based are used in radars for effective navigation along with real-time air traffic control. Further, GaN can provide higher operating frequencies for terrestrial radios, military jammers, and radar communication. The growing adoption of wideband GaN power transistors from different defense forces is fuelling market growth.
RF
GaN Semiconductor Device Market Opportunities
Potential
Usage of 5G Infrastructure to Provide Robust Opportunities
The
usage of gallium nitride in 5G infrastructure will offer the market with robust
opportunities in the forecast period. 5G replaced 4G in terms of traffic
capacity, data rates, and energy efficiency. Commercially the 5G technology
will be launched in 2021. It will offer different perks such as effective
communication network with minimum cost. Technology giants such as AT&T and
Nokia are participating in the research and development initiative to build the
5G technology across the United States.
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RF
GaN Semiconductor Device Market Restraints
High
Cost of Material to act as Market Restraint
The
high cost of fabrication and material may act as a market restraint in the
forecast period.
RF
GaN Semiconductor Device Market Challenges
Designing
Complexities to act as Market Challenge
Various
complexities related to designing the GaN devices’ electrical layout may act as
a market challenge in the forecast period. Besides, the COVID-19 impact may
also impede market growth.
RF GaN Semiconductor Device Market Segmentation
The
global RF GaN semiconductor device market is segmented based on end user,
applications, and material.
· By material, the RF GaN semiconductor device market is segmented into GaN-On-Silicon, GaN-On-Diamond, and GaN-On-Sic.
· By application, the RF GaN semiconductor device market is segmented into satellite communication, wireless infrastructure, PV inverter, power storage, and others.
· By end user, the RF GaN semiconductor device market is segmented into IT and telecom, automotive, aerospace and defense, consumer electronics, and others.
Regional
Analysis
North
America to Sway RF GaN Semiconductor Device Market
North
America will sway the market over the forecast period. Rising investments by
organizations concerning 5G technology, the presence of various largest
multinational corporations that offer devices for end users such as military
and defense, electronics, IT and telecom, and others, increasing investments by
the aerospace and defense sector in R&D, the government in the region
promoting the adoption of energy efficient devices and offering contacts to
different companies, increasing use of GaN in consumer electronic devices
including personal computers, televisions, laptops, tablet, PCs, and mobile
phones for its efficiency, and different manufacturers emphasizing on
innovating new products which are low cost and power efficient are adding to
the RF GaN semiconductor devices market value in the region.
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