According to Yole’s Compound Semiconductor Quarterly Market Monitor on SiC and GaN applications, SiC device market revenue continues its growth and is expected to exceed $3 billion by 2025 with EV/HEV the killer application.
Meanwhile, Yole projects that the power GaN business will reach beyond $680 million in 2025. It says that the adoption of GaN HEMTs for Oppo’s in-box fast charger at the end of 2019 boosted the penetration of this wide bandgap material.
The GaN RF device market is smaller and will reach beyond $2 billion by 2025, says Yole, with a 12 percent CAGR between 2019 and 2025. The market is driven by telecom and defence applications. GaN RF devices for military use is expected to increase rapidly, with revenue expected to exceed $1 billion by 2025. GaN RF business is not only dependent on OEM choices, but also on the geopolitical context.
RF GaAs die market will rise from around $2.8 billion in 2019 to over $3.6 billion in 2025. The market is driven by the rise for 5G and WiFi6 demand for handset applications.