According to a report published by Strategy Analytics, revenue from RF GaN technology will surpass $1.7 billion in 2023. The drivers for this explosive growth will be the continuing 4G and emerging 5G base station deployments, along with a variety of defense applications.
Base stations represent the largest source of GaN revenue. Trade tensions between the US and China remain a wildcard, but Sumitomo Electric Device Innovations and Wolfspeed-A Cree Company will remain the dominant GaN suppliers for base station applications. 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.
The Strategy Analytics Advanced Semiconductor Applications (ASA) report “RF GaN Market Forecast: 2018 - 2023 (Data Tables)” goes over this forecast in detail. Click here to read the full Report.
