Impact of COVID-19 on the RF GaN Semiconductor Devices Market
The world is struggling against COVID-19. The declaration of the virus as a pandemic in March 2020 by the World Health Organization (WHO) has resulted in lockdowns, which have disrupted operations in several industries due to the halting of the manufacturing sector, coupled with the shutdown of factories. The primary factor responsible for the growth of the RF GaN semiconductor devices market is the increasing demand for laptops, smartphones, gaming devices, and TVs. However, the semiconductor industry has been significantly impacted by the COVID-19 pandemic, as China is a hub for the export of raw materials required for the manufacturing of smartphones, tablets, etc. The production of smartphones, tablets, and other consumer electronics products has witnessed a slowdown, which has resulted in a decrease in production. Additionally, consumer electronics manufacturing companies have also postponed the release of new products owing to the rapid spread of the COVID-19 epidemic. Disruptions in the supply chain activities and losses caused by the pandemic are hindering the growth of the market.
RF GaN is one of the emerging technologies for power electronics applications that require high-power density RF performance. The increasing need for power management devices and the growing adoption of power electronics in electric vehicles are key factors driving the growth of the power electronics market. However, the spread of COVID-19 has lowered the demand for electric vehicles owing to the economic crisis, which, in turn, is reducing the demand for RF GaN. Besides, the key market participants are investing heavily in the development of innovative devices for various applications, which is expected to drive the market growth. Post the pandemic, the resumption of economic activity is expected to drive the growth of the market.
Worldwide Tablet Shipment by Operating System from Q1 2019 to Q1 2020 (Units in Million)