High Electron Mobility Transistor Market to record USD 10 billion by 2032, Says Global Market Insights inc.
High Electron Mobility Transistor Industry size is expected to register 5% CAGR between 2024 and 2032 propelled by demand for high-speed communication systems.
Selbyville, Delaware , Sept. 10, 2024 (GLOBE NEWSWIRE) — High Electron Mobility Transistor Market is estimated to reach USD 10 billion by the end of 2032, as per a
Europe to emerge as a lucrative market
Europe high electron mobility transistor market size is anticipated to record a significant share by 2032. With a strong emphasis on energy efficiency and reducing carbon emissions, HEMTs are largely adopted across the region in renewable energy systems, including solar inverters and wind power converters to help improve system efficiency. The deployment of 5G networks is also driving the product demand, especially in base stations and network infrastructure. The increasing push for electric vehicles coupled with the focus on performance, reduced costs, and expanding applications will boost segment growth.
High Electron Mobility Transistor Market Participants
Some of the prominent high electron mobility transistor companies include NXP Semiconductors, ST Microelectronics, Texas Instruments, Infineon Technologies, Renesas Electronics, Intel Corporation, and Sumitomo Electric Device Innovations, Inc. These industry players are placing targeted efforts on new product developments and capacity expansion initiatives to meet the surging end-user requirements and widen their global presence. To quote an instance, in August 2023, STMicroelectronics commenced the volume manufacturing of its e-mode PowerGaN HEMT devices to provide cooler, slimmer, and more-efficient power products.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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