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Micro-LED AR smart glass display chip market to jump from $5m in 2025 to $41m in 2026
Maturity of red chip, laser transfer, wafer bonding and full-colorization technologies to boost yield and reduce production costs
Power GaN device market growing at 59% CAGR to $2bn in 2027
Consumer to comprise 48% of market, but datacom/telecom and automotive/mobility growing at 69% and 97% CAGRs
RF GaN device market growth slowed to 10% in 2021 as Huawei ends buffering of trade sanctions
Base station rebound, plus defense growth, to push revenue past $2.1bn in 2026
LED package market grew 15.4% to $17.65bn in 2021
Market to grow more slowly in 2022
Smartphone production volume falls 12.8% to 310 million in Q1 due to amplified off-season effect
Rising inflation intensified by Russian-Ukrainian war and China’s lockdowns to constrain Q2 to 309 million
Smartphone shipments fall year-on-year for third consecutive quarter, by 11% to 314 million in Q1/2022
Samsung achieves highest smartphone market share in five years
LED lighting market growing at 8.4% to $11.1bn in 2026
Human-centric lighting and smart lighting to drive growth
5G a significant market opportunity for GaN
Significant uptake in GaN expected over next decade for higher end of sub-6GHz infrastructure
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