Gallium Nitride Radio Frequency Devices Market Outlook (2022-2032)
The gallium nitride semiconductor devices market has garnered a market value of US$ 1.23 Bn in 2022, anticipated to register a positive CAGR of 23% in the forecast period 2022-2032 and reach a value of US$ 11.99 Bn.
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| Report Attributes | Details |
| Gallium Nitride Radio Frequency DevicesDevices Market Size (2022) | US$ 1.23 Bn |
| Sales Forecast for Gallium Nitride Radio Frequency DevicesDevices (2032) | US$ 11.99 Bn |
| Global Market Growth Rate (2022 to 2032) | 23% CAGR |
| Key Companies Profiled | Cree Inc.Efficient Power Conversion CorporationFUJITSUGaN SystemsNexgenPowerSystemsNXP SemiconductorQorvo Inc.Texas Instruments IncorporatedToshiba Corporation |
Demand Analysis of Gallium Nitride Radio Frequency Devices from 2015-2021 Vs Future Outlook 2022-2032
From 2015 to 2021, the global gallium nitride semiconductor devices market registered significant gains, reaching a valuation of US $ 1 Bn 2021. According to Fact.MR- a market research and competitive intelligence provider- sales of gallium nitride semiconductor devices flourished at a CAGR of 18% during the historical period.
The growth of the market can be attributed to the advantages offered by GaN semiconductor devices over silicon devices. Silicon materials have been used for manufacturing electronic devices such as smartphones, computers, cameras, and televisions. During the COVID-19 pandemic, prospects for gallium nitride semiconductor devices registered multiple fluctuations, initially experiencing a downturn amid mandatory lockdowns and then eventually regaining pace.
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However, the slowdown in potential innovative properties of silicon created an opportunity for GaN semiconductor devices, which are 100 times faster than silicon. The advantages offered by GaN over silicon devices include higher energy efficiency, lower costs, and faster device speed, among others. Considering these factors, the market is projected to witness high growth over the coming years, registering a CAGR of 23% to each US$ 11.99 Bn by 2032.
What is driving the Market Demand for Gallium Nitride Radio Frequency Devices?
High Proliferation of Electric Vehicles to Provide Ample Growth Opportunities
The growing number of electric vehicles worldwide is anticipated to drive the market. This is because GaN enables automakers to reduce vehicle charging time, improve cost efficiency, increase power density, and enhance driving range.
Various companies are thereby making efforts to provide GaN systems for Electric Vehicles (EV). For instance, in November 2021, GaN Systems, a GaN power semiconductors provider, announced its partnership with Universal Scientific Industrial Co., Ltd (USI), a subsidiary of ASE Technologies. The partnership was aimed toward developing GaN power modules for the EV market.
Increased Venture Capital Funding Providing Opportunities for Key Manufacturers to Flourish
Various GaN semiconductor device manufacturers receive funding from venture capital companies, which helps them to enhance their offerings and market position. For instance, in November 2021, GaN Systems, a power chip maker, announced that it raised USD 150 million in a funding round.
The company used this funding to accelerate the adoption and innovation of GaN technology across its consumer, automotive, industrial, and enterprise markets. Additionally, in February 2021, Cambridge GaN Devices, a fabless semiconductor company, raised USD 9.5 million in a Series A round. The company used the funding to expand its GaN product portfolio.
Extensive Deployment of 5G Infrastructure, Automation to Drive Growth
The demand for GaN in 5G multi-chip modules is growing for energy-efficient mobile networks. Therefore, various semiconductor companies are making efforts to integrate GaN in 5G multi-chip modules. For instance, in June 2021, NXP Semiconductors announced the integration of GaN technology into its multi-chip module. The use of GaN in multi-chip modules increased the efficiency to higher than the company’s previous module.
The growing shipments of robots worldwide are also expected to drive the market. GaN is used for servo drives for motion control and robotics. According to the statistics provided by the International Federation of Robotics, there will be an increase in yearly robotic unit sales from 465 thousand units in 2020 to 584 thousand units in 2022.
The increasing need for automation in the manufacturing process and advancements in technology are some of the factors expected to drive the sales of robot units over the forecast period.
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Competitive Landscape
The competitive landscape of the gallium nitride semiconductor devices market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.
- In February 2021, Efficient Power Conversion Corporation launched EPC9157, which integrated Renesas ISL 81806 with EPC2218 eGAN to achieve more than 90% efficiency. Renesas ISL 81806 used the high performance of GaN to enable high-power solutions and reduce BOM cost, additionally making the design simple and similar to using silicon-built FETs.
Key Market Segments in Gallium Nitride Semiconductor
Devices Industry Research
- By Product
- GaN Radio Frequency Devices
- Gallium Nitride Opto-semiconductor Devices
- Gallium Nitride Power Semiconductor Devices
- By Component
- Gallium Nitride Radio Frequency DevicesTransistor
- Gallium Nitride Radio Frequency DevicesDiode
- Gallium Nitride Radio Frequency DevicesRectifier
- Gallium Nitride Radio Frequency DevicesPower IC
- Other Gallium Nitride Radio Frequency DevicesComponents
- By Wafer Size
- 2-inch Gallium Nitride Radio Frequency DevicesDevices
- 4-inch Gallium Nitride Radio Frequency DevicesDevices
- 6-inch Gallium Nitride Radio Frequency DevicesDevices
- 8-inch Gallium Nitride Radio Frequency DevicesDevices
- By End Use
- Gallium Nitride Radio Frequency DevicesDevices for Automotive
- Gallium Nitride Radio Frequency DevicesDevices for Consumer Electronics
- Gallium Nitride Radio Frequency DevicesDevices for Defense & Aerospace
- Gallium Nitride Radio Frequency DevicesDevices for Healthcare
- Gallium Nitride Radio Frequency DevicesDevices for Industrial & Power
- Gallium Nitride Radio Frequency DevicesDevices for Information & Communication Technology
- Gallium Nitride Radio Frequency DevicesDevices for Other End Uses
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