High Electron Mobility Transistor (HEMTs) Market to Witness Growth Acceleration by 2031
High Electron Mobility Transistor (HEMT) Market: The market was valued at over $6.5 billion in 2023 and is estimated to register a CAGR of over 5% between 2024 and 2032. A major factor supporting the market's growth is the growing aerospace and defense application due to the crucial role played by the High Electron Mobility Transistor (HEMTs) in advancing technology within the aerospace & defense industry. HEMTs are perfect for various radar, communication, and electronic warfare systems used in the aerospace and defense industries because of their exceptional performance attributes, which include high frequency, low noise figure, and great power efficiency. HEMTs are integral in developing cutting-edge radar systems, sophisticated electronic warfare systems, and advanced communication equipment, among other vital applications. Demand for new and advanced electronic warfare equipment, satellite communications systems, and radar systems will continue to be driven by shifting geo...