GaN Semiconductor Device Companies - Wolfspeed, Inc. (US) and Sumitomo Electric Industries, Ltd. (Japan) are the Key Players
The GaN semiconductor device market is estimated to be worth USD 21.1 billion in 2023 and is projected to reach USD 28.3 billion by 2028, at a CAGR of 6.1% during the forecast period. The growing integration of GaN devices in consumer and business enterprises verticals is a major factor driving the growth of GaN semiconductor device market globally. Moreover, increasing deployment in automotive industry also key factor contributing to the market growth.
The major players in the GaN semiconductor device market with a significant global presence are Qorvo, Inc. (US), Wolfspeed, Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), MACOM Technology Solutions Holdings, Inc. (US) and Infineon Technologies AG (Germany). The market players have adopted various strategies such as product launches, agreements, collaborations, partnerships, acquisitions, and expansions to strengthen their position in the GaN semiconductor device market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing advanced products of GaN semiconductor devices.
To know about the assumptions considered for the study download the pdf brochure
Wolfspeed, Inc. (US) offers GaN semiconductor devices such as GaN MMICs and GaN transistors. Wolfspeed focuses on both organic and inorganic growth strategies such as product launches and partnerships to strengthen its position in the GaN semiconductor market. For instance, in June 2021, the company partnered with MaxLinear (US) to innovate a new solution that increases the wireless capacity of a 5G base station. This will in return, support simultaneous users and increase the speed of data transmissions.
Sumitomo Electric Industries, Ltd. (Japan) is a manufacturing company that offers GaN semiconductor devices such as GaN transistors. Sumitomo focuses on organic growth strategies such as product launches to strengthen its position in GaN semiconductor device market. The company strategically launches its products to gain more market recognition. For instance, in October 2022, the company launched a GaN-HEMT in the post-5G era as it meets the need to deliver high speed communications and possesses enhanced capacity.
Infineon Technologies AG (Germany) is a leading player in the GaN semiconductor device market. It offers GaN semiconductor devices such as GaN transistors that are used in power drives and supplies and inverters. The company focuses on organic growth strategies such as expansions and inorganic growth strategies such as acquisitions to expand their share in the GaN semiconductor market. For instance, in March 2023, the company acquired GaN Systems for USD 830 million. This acquisition was entirely carried out to strengthen the GaN portfolio of the company and its position in GaN semiconductor device market and power system market.
MACOM Technology Solutions Holdings, Inc. (US) offers GaN semiconductor devices such as GaN MMICs and GaN amplifiers. The company focuses on organic growth strategies such as product launches and expansions and on inorganic growth strategies such as agreements and acquisitions. For instance, in March 2023, the company acquired Linearizer Communications Group to strengthen the target market’s component and subsystem design expertise.
Qorvo, Inc (US) offers GaN semiconductor devices such as GaN amplifiers and GaN transistors that are used in power drives, supplies and inverters and radio frequency applications. Qorvo focuses on organic growth strategies such as product launches. The company constantly expands its GaN product portfolio to strengthen its market position. For instance, in June 2023, the company launched a GaN amplifier module that was based on power amplifier and is exclusively used for 5G massive multi-input multiple-output (mMIMO) applications.
Related Reports:
GaN Semiconductor Device Market by Type (Opto-semiconductor, RF Semiconductor, Power Semiconductor), Device (Discrete, Integrated, HEMT, MMIC), Application (Lighting and Lasers, Power Drives), Voltage Range, Vertical and Region- Global Forecast to 2028
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
