News: Markets
19 May 2021
RF GaN device market surpasses $1bn in 2020
Revenue from RF gallium nitride (GaN)-enabled devices experienced another year of fast growth, increasing by almost 30% in 2020 to cross the $1bn barrier for the first time, according to the Strategy Analytics Advanced Semiconductor Applications (ASA) and Advanced Defense Systems (ADS) report ‘RF GaN Device Market Forecast 2020-2025’, which identifies base-station and defense applications as the prime drivers of growth. The report forecasts that the long-term prospects for RF GaN revenue growth look good, with 5G base-station and defense applications pushing revenue to almost $2bn in 2025.
“Base stations continue to be the largest and fastest-growing opportunity for RF GaN revenue,” notes Eric Higham, director of the Advanced Semiconductor Applications (ASA) and Advanced Defense Systems (ADS) services. “Last year saw Huawei continue their aggressive buying patterns for base-station deployments in China as a buffer to US trade sanctions,” he adds. “We may see some short-term volatility depending on China’s 5G deployment plans, but the fundamentals for RF GaN devices in commercial and defense applications remain strong, and I expect revenue to approach $2bn by 2025.”
RF GaN market growth to accelerate to over $1.7bn in 2023: SEDI, Wolfspeed and Qorvo to benefit
