According to the Strategy Analytics Advanced Semiconductor Applications (ASA) report “RF GaAs Device Technology and Market Forecast: 2021 - 2026” revenue from RF GaAs devices will decline in 2022 as inflation, trade sanctions, supply chain issues and global economic uncertainty prove too much to overcome. However, growth will once again resume with RF GaAs device revenue approaching $9.3 billion by 2026. The main reason for this growth will be the wider deployment of 5G handsets and networks will be the growth engine for future RF GaAs device revenue growth.
“The RF GaAs device market has been pretty impervious to the forces affecting global economies the past few years,” noted Eric Higham Director of the Advanced Semiconductor Applications (ASA) and Advanced Defense System (ADS) service. “GaAs device revenue ties so strongly to the cellular market and the uptake of 5G with more RF content has powered revenue growth these past two years.” He went on to say, “However, we now see substantial softening of handset demand in 2022 that will cause RF GaAs device revenue to drop in 2022. Fortunately, the underlying growth trends remain strong and as inflation subsides and global economies get back to growth, RF GaAs device revenue will turn upward.”
Click here to view this report on GaAs forecast.