NEW YORK, Jan. 5, 2022
- Global GaN RF Devices Market is Expected to Expand at 21.3% by 2032
- Fact.MR's latest report on GaN RF devices market uncovers the growth projections across major regions. It also discusses in detail, various growth drivers, restraints, latest trends and emerging opportunities affecting the market dynamics. In order to gain comprehensive insights, the report has been segmented on the basis of product type, application and end user.
NEW YORK, Jan. 5, 2022 /PRNewswire/ -- As per latest Fact.MR analysis, By 2032, the global GaN RF devices market is expected to reach $5,159 million. During the projection period of 2022-32, demand for these high-power amplifiers is expected to expand at a rate of 21.3%.
In 2022, the GaN RF devices market is expected to be worth US$ 750 million. 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 about 4% of the worldwide RF device market. Fact. MR stands for market research and competitive intelligence. Remote controls, mobile and computer network access control, and television broadcasting equipment all rely on GaN RF devices. Furthermore, the overall demand for GaN RF equipment is driven by Wi-Fi, Bluetooth, and other wireless communication equipment.
Satellite communication is expected to generate about 37% of the associated revenue by the end of 2022, out of the leading applications of GaN RF devices (Wireless Infrastructure, Radars and Avionics, Power Storage, PV Inverter, CATV, Hybrid and EV Components, HEV Charging Equipment, and Traction Motor Components).
The price of GaN RF devices is entirely dependent on the global production of gallium nitride. A market-oriented analysis of GaN RF device end-users (Telecommunications, Automotive, Aerospace and Defense, Medical Devices, and Industrial) reveals that GaN RF device demand in telecommunications will increase by 1270 BPS by 2032.
The emergence of 4G LTE and 4G VOLTE in recent years has boosted the market for GaN RF power devices. Furthermore, the top 5 GaN RF device makers were able to acquire roughly 16 percent of the global GaN RF device market because to many technological developments.
The telecommunications industry is expected to have the biggest demand for GaN RF devices among the key revenue-generating end-users. Telecommunication hubs contain everything from portable electronic devices to worldwide wireless infrastructure.
Key Takeaways from GaN RF Devices Market Survey
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GaN RF Devices market players have primarily pursued growth-oriented strategies, which include the construction of GaN RF device value chains. Furthermore, branding and ongoing technological developments in their manufacturing technologies are at the top of their priority list. These tactics aid global firms in expanding their geographical footprint and capturing maximum market share, giving them a competitive advantage.
Some of the prominent players operating in the GaN RF devices market profiled by Fact.MR are:
More Insights on the Global GaN RF Devices Sales Outlook
Fact.MR provides an unbiased analysis of GaN RF devices market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global demand for GaN RF devices with a detailed segmentation on the basis of:
Key Questions Covered in the GaN RF devices Market Outlook Report
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