RF GaN Semiconductor Device Market Summary
As per Market Research Future Analysis, the Global RF GaN Semiconductor Device Market was valued at USD 1.67 Billion in 2024 and is projected to reach USD 12.35 Billion by 2035, growing at a CAGR of 19.96% from 2025 to 2035. The market is driven by the increasing demand for RF GaN devices in IT and telecommunication equipment, as well as the development of electric vehicles (EVs) and hybrid electric vehicles (HEVs). The GaN-On-SiC segment leads the material market due to its superior performance, while the wireless infrastructure segment dominates applications, driven by the growth of 5G technology. North America holds the largest market share, followed by Europe and Asia-Pacific, which is expected to exhibit the highest growth rate during the forecast period.
Key Market Trends & Highlights
Key trends driving the RF GaN Semiconductor Device Market include advancements in technology and increasing applications across various sectors.
- Market Size in 2024: USD 1.67 Billion
- Projected Market Size by 2035: USD 12.35 Billion
- CAGR from 2025 to 2035: 19.96%
- Dominant Material Segment: GaN-On-SiC due to superior performance
Market Size & Forecast
2024 Market Size | USD 1.67 Billion |
2035 Market Size | USD 12.35 Billion |
CAGR (2024-2035) | 19.96% |
Major Players
Key players include Sumitomo Electric Industries, Raytheon Company, Robert Bosch GmbH, STMicroelectronics, Hitachi, Toshiba, Mitsubishi Electric, Infineon Technologies, Renesas Electronics, Panasonic, Microchip Technology, Aethercomm, Cree, NXP Semiconductor, Analog Devices, ROHM Semiconductors, and Qorvo.