Lucintel's latest market report analyzed that GaN-on-diamond semiconductor substrate provides attractive opportunities in the RF power amplifier, microwave & millimeter wave circuit, radar sensing equipment, tactical radio, communication satellite equipment, and wireless infrastructure applications. The GaN-on-diamond semiconductor substrate market is expected to reach $0.11 billion by 2028 with a CAGR of 16%. In this market, single crystal diamond is the largest segment by diamond type, whereas RF power amplifiers is largest by application.

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Based on diamond type, the GaN-on-diamond semiconductor substrate market is segmented into single crystal diamond polycrystalline diamond. The single crystal diamond segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it provides higher thermal conductivity, which enables it to dissipate heat more efficiently than other substrate present in the market.

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The GaN-on-Diamond Semiconductor Substrate Market is marked by the presence of several big and small players. Some of the prominent players offering GaN-on-diamond semiconductor substrate include Blue Wave Semiconductor, Element Six, Microwave Enterprises, Cornes Technologies, and Advanced Diamond Technologies.

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