Strategy Analytics: RF GaN Revenue Growth Shows No Sign of Slowing
BOSTON--(BUSINESS WIRE)--Nov 13, 2019--
Revenue from RF GaN-enabled devices grew by nearly 22 percent in 2018. The Strategy Analytics Advanced Semiconductor Applications (ASA) report “ RF GaN Market Forecast: 2018 - 2023 (Data Tables) ” forecasts that this growth will accelerate and RF GaN revenue will surpass $1.7 billion in 2023. The drivers for this explosive growth will be continuing 4G and emerging 5G base station deployments, along with a variety of defense applications.
“Base stations represent the largest source of GaN revenue,” noted Eric Higham Director of the Advanced Semiconductor Applications (ASA) service and the Advanced Defense Systems (ADS) service. “Trade tensions between the US and China remains a wildcard, but Sumitomo Electric Device Innovations and Wolfspeed-A Cree Company will remain the dominant GaN suppliers for base station applications.” He went on to say “the defense market, primarily radar and communications applications, is seeing strong growth from new systems and major platform upgrades. This is also providing fuel for the GaN growth engine and should bode well for companies like Qorvo and Wolfspeed-A Cree Company.”
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Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
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CONTACT: Eric Higham, +1 617-614-0721
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INDUSTRY KEYWORD: SOFTWARE NETWORKS INTERNET HARDWARE TECHNOLOGY SEMICONDUCTOR MOBILE/WIRELESS OTHER TECHNOLOGY
SOURCE: Strategy Analytics
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PUB: 11/13/2019 10:19 AM/DISC: 11/13/2019 10:19 AM