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GaN Substrate Market worth $1.25 billion by 2032 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., July 29, 2026 /PRNewswire/ — According to MarketsandMarkets™, the GaN substrate Market is expected to be valued at USD 0.62 billion in 2026 and USD 1.25 billion by 2032, growing at a CAGR of 12.5% during the forecast period.

Browse 160 market data Tables and 65 Figures spread through 300 Pages and in-depth TOC on ” GaN substrate Market – Global Forecast to 2032″

GaN substrate Market Size & Forecast:

Market Size Available for Years: 2021–20322026 Market Size: USD 0.62 billion2032 Projected Market Size: USD 1.25 billionCAGR (2026–2032): 12.5%

GaN substrate Market Trends & Insights:

The GaN substrate market is witnessing steady growth, driven by the increasing demand for high-performance semiconductor materials that enable efficient power conversion, high-frequency communication, and advanced optoelectronic applications. Rising adoption of electric vehicles, 5G infrastructure, renewable energy systems, and AI-driven data centers is boosting the demand for GaN substrates across power and RF devices. Continuous advancements in crystal growth technologies, larger wafer diameters, and epitaxial manufacturing processes are improving substrate quality and production efficiency. Additionally, increasing investments in semiconductor manufacturing, government initiatives supporting domestic chip production, and the growing need for energy-efficient electronic devices are supporting the long-term market growth.By substrate type, the GaN-on-SiC segment held a 43.9% share of the GaN substrate market in 2025.By wafer size, the 8-inch segment is expected to register the highest CAGR of 44.2% during the forecast period.By device type, the ICs segment is projected to experience the highest growth rate from 2026 to 2032.By doping type, the n-type GaN segment is likely to dominate the market during the forecast period.By application, the power devices segment is expected to record a CAGR of 24.2% during the forecast period.By end use, the telecommunications segment is projected to account for the largest market share in 2032.By region, Asia Pacific is anticipated to record the highest CAGR between 2026 and 2032.

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The GaN substrate market is driven by the rising adoption of GaN-based power electronics, RF devices, and optoelectronic devices across automotive, telecommunications, industrial, consumer electronics, and energy applications. Increasing investments in electric vehicles, 5G/6G communication infrastructure, renewable energy systems, and AI data centers are accelerating the demand for high-quality GaN substrates. In addition, continuous advancements in large-diameter wafer manufacturing, crystal growth technologies, and epitaxial processes, along with increasing focus on improving substrate quality and production scalability, are strengthening market adoption across next-generation semiconductor applications globally.

Power Devices Segment to Record the Highest Growth Rate Between 2026 and 2032.

Based on application, the Power Devices segment is projected to exhibit the highest CAGR during the forecast period, owing to the increasing adoption of GaN semiconductors in electric vehicles, renewable energy systems, industrial power supplies, and AI data centers. GaN-based power devices provide higher switching frequencies, lower power losses, and improved energy efficiency compared with conventional silicon devices. Increasing investments in energy-efficient power conversion systems and high-performance charging infrastructure are accelerating the demand for GaN substrates. Additionally, continuous advancements in large-diameter wafer manufacturing and device reliability are expected to support rapid growth of the power devices segment globally.

Telecommunications Segment to Hold the Largest Share of the GaN Substrate Market in 2026.

Based on end use, the telecommunications segment is projected to hold the largest share of the GaN substrate market in 2026 due to the widespread deployment of 5G infrastructure, expanding wireless communication networks, and the growing demand for high-frequency RF devices. GaN substrates enable the fabrication of high-power RF amplifiers, base station components, and satellite communication devices with superior efficiency and thermal performance. Investments in next-generation communication technologies and network modernization initiatives are boosting the demand for GaN substrates. Furthermore, increasing adoption of advanced RF solutions for aerospace and defense applications continues to reinforce the dominance of the telecommunications segment.

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North America to be the Second-Largest Growing Region in the GaN Substrate Market in 2032.

North America accounted for the second-largest share of the GaN substrate industry in 2026 due to its strong presence of semiconductor manufacturers, continuous investments in compound semiconductor technologies, and growing demand for high-performance power and RF devices. The region benefits from increasing adoption of GaN-based semiconductors across aerospace & defense, telecommunications, AI data centers, industrial power systems, and electric vehicles. Investments in advanced semiconductor R&D, government initiatives supporting domestic chip manufacturing, and expanding deployment of 5G infrastructure are further driving the regional market. Additionally, the presence of leading market participants, technology innovators, and research institutions continues to strengthen its position in the global GaN substrate market.

Investments & Funding

Investments and funding in the GaN substrate market are increasing as governments and private companies accelerate the commercialization of wide-bandgap semiconductor technologies. Funding is primarily directed toward expanding crystal growth capabilities, developing large-diameter GaN wafers, improving substrate quality, and scaling manufacturing capacity. Public initiatives supporting domestic semiconductor production, along with investments in power electronics, RF technologies, electric vehicles, AI data centers, and renewable energy applications, are strengthening the long-term growth prospects of the global GaN substrate market.

Mergers & Acquisitions

Mergers & acquisitions in the GaN substrate market are focused on strengthening technological capabilities, expanding product portfolios, and securing supply chains for advanced semiconductor materials. Companies are pursuing acquisitions, strategic partnerships, and joint development agreements to enhance expertise in crystal growth, epitaxy, and wafer manufacturing while accelerating the commercialization of next-generation GaN substrates. These activities enable market participants to improve production capabilities, broaden their customer base, and reinforce their competitive position across power, RF, and optoelectronic applications.

Key Players

Key companies operating in the GaN substrate companies are Sumitomo Chemical Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), IQE plc (UK), SOITEC (France), Wolfspeed Inc. (US), Infineon Technologies AG (Germany), Xiamen Powerway Advanced Material Co., Ltd. (China), NGK Corporation (Japan), and Kyma Technologies (US), among others.

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Technology

Fundraise Up Launches Tap to Donate and Peer-to-Peer Fundraising

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July 29, 2026

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Two new products extend Fundraise Up’s conversion-optimized technology beyond the donation page — into events, in-person moments, and supporter-led campaigns.

BROOKLYN, N.Y., July 29, 2026 /PRNewswire/ — Fundraise Up today announced Tap to Donate and Peer-to-Peer Fundraising, now in early access, extending the same checkout technology that has driven an average 30% lift in conversion for nonprofits that switched to Fundraise Up. Both products run on the payments infrastructure, compliance layer, and donor record already trusted by nonprofits including UNICEF USA and the Canadian Red Cross — the same unified donor record that lets a gift made at a gala, through a friend’s fundraising page, or online all update one profile, instead of three disconnected systems.

“The future of fundraising isn’t confined to a donation page. It lives wherever people are inspired to give. These new products extend the same donor-first design and conversion expertise that powers our online giving experience into every one of those moments.” 
— Peter Byrnes, CEO and Co-founder, Fundraise Up

Tap to Donate

In-person giving has long been the weakest link in the donor experience — proprietary card readers and manual reconciliation that leaves gifts unmatched to campaigns for weeks and months. Tap to Donate lets any staff member or volunteer accept a gift on a phone or iPad at a gala, walkathon, or luncheon. Every gift posts instantly to the donor’s existing record. It’s included in the Fundraise Up platform at no additional cost. In its first month, early-access nonprofits using Tap to Donate saw average gift sizes rise 24% compared to the tools they used previously for in-person giving.

“We’ve missed so many opportunities when someone says, ‘I love what you do. I want to support you,’ and all we could say was, ‘Go to our website.’ With Tap to Donate, we can now say, ‘You can do it right now’.”
 — Teresa Harland, Senior Vice President, Advancement, Our Rescue

Peer-to-Peer Fundraising

The vast majority of registered peer-to-peer fundraisers never raise anything beyond their own registration fee — an industry problem long known as the “zero-dollar fundraiser.” Fundraise Up’s Peer-to-Peer product, now available in early access, pairs an AI coach — which helps supporters write their story, track progress, and know their next milestone — with the same checkout and donor portal already proven to convert and retain more donors. In early access, nonprofits using Fundraise Up’s platform saw the share of fundraisers raising at least one gift nearly doubled.

“Nonprofits thrive when they empower supporters to connect with and inspire their own networks. Peer-to-Peer is a fresh, AI-powered approach that takes the fear out of fundraising, making it easier for anyone to become an effective fundraiser.” 
— Brandon Nott, Chief Product Officer, Fundraise Up

Nonprofits can sign up for Tap to Donate and Peer-to-Peer Fundraising at fundraiseup.com/[early-access-link].

About Fundraise Up

Fundraise Up exists to unlock the world’s generosity. Founded in 2017, Fundraise Up is the AI-powered fundraising platform helping leading nonprofits create better donor experiences and raise more for their mission. Combining industry-leading conversion optimization with intelligent automation, Fundraise Up enables organizations to maximize every giving opportunity while reducing operational complexity. Backed by Telescope Partners and Summit Partners, nonprofit organizations including The Salvation Army UK, USO and American Diabetes Association use Fundraise Up to turn more supporters into donors and more donors into lifelong advocates. Learn more at fundraiseup.com.

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Technology

Awardy Launches Platform That Turns Verified Customer Reviews Into Real, Local Business Awards

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57 minutes ago

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July 29, 2026

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A 60-second scan tells any U.S. business if its Google, Yelp, Trustpilot and TripAdvisor reviews have already earned it a 2026 award

NEW YORK, July 29, 2026 /PRNewswire/ — Awardy.US today launched nationally, giving any U.S. business a 60-second way to find out whether its existing customer reviews have already earned it a formal award.

Awardy is the public-facing arm of the Consumer Ratings Institute (CRI), headquartered at One World Trade Center, New York.

Awardy’s engine crawls a business’s verified public reviews across Google Business, Yelp, Trustpilot and TripAdvisor, then scores it against the 826,000+ U.S. businesses already indexed in the CRI registry. Businesses clearing the minimum threshold — 10+ verified reviews and a 4.4★ average — qualify for a 2026 Business Excellence Insignia. Other businesses that have more reviews and higher average scores will unlock options to receive a special business title. Those that don’t quite reach those heights, will receive a no-cost playbook to improve.

The model is a deliberate departure from an awards industry built largely on entry fees and judging panels. Awardy has neither. Recognition through Awardy is always free to earn, and qualification is determined entirely by customers who have already left reviews.

“My favorite restaurant in town had been steady but quiet. Then they got nominated for an award — and the local news picked it up — the next night I couldn’t get a table” said Brad Christian of Awardy.US and owner of BlackOak Mountain Vineyards in Cool, California. “Recognition changes how customers decide. It shortens the debate, kills objections and gets you more yeses.”

Awards built to be used, not shelved

Where Awardy departs furthest from the trophy business is what happens after a business qualifies. The digital Insignia, the CRI Registry listing and the amplification playbook are all free to any business that qualifies — everything a winner needs to put the recognition to work.

Winners who want amplification of the win handled for them can upgrade to a done-for-you amplification package: distribution of a local press release, and the licensed right to market as “award-winning” across social media, advertising and sales material. Physical plaques and trophies are also available to order, but payment plays no part in qualification — a business either clears the threshold on its verified reviews or it doesn’t. 

Businesses can run a free scan at https://awardy.us.

About Awardy.US

Awardy.US is the public-facing arm of the Consumer Ratings Institute, One World Trade Center, New York. Awardy turns verified customer reputation into earned recognition, helping best-in-class businesses get the awards they deserve — without submissions, committees, high entry fees, or waiting years to be found.

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Technology

Historic Exhibit Supply Company (ESCO) Brand Trading Cards Returns, Reviving a 125-Year-Old Collectibles Icon

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57 minutes ago

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July 29, 2026

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The Legendary Brand Begins a New Chapter with Premium Music and Pop Culture Trading Cards

NEW YORK, July 29, 2026 /PRNewswire/ — Exhibit Supply Company (ESCO), the legendary trading card brand founded in 1901 and credited with helping invent the modern trading card, officially returns today, ushering one of the hobby’s most historic names into a new era.

Originally based in Chicago, the Exhibit Supply Company brand was considered one of the earliest producers of collectible picture cards featuring entertainers, athletes and cultural icons, including Charlie Chaplin, Babe Ruth, Marilyn Monroe, The Beatles and The Rolling Stones. ESCO was also the first company to release trading cards independently of other consumer products such as tobacco or gum, helping define the category as it exists today.

More than 125 years after its founding, the iconic ESCO brand returns for a new era, with a renewed focus on premium music and pop culture collectibles. Honoring its rich heritage while embracing the future of collecting, the ESCO Trading Cards brand will feature innovative products celebrating the world’s most influential artists and cultural icons.

Beginning in 2026, ESCO Trading Cards will find themselves distributed into mass retail and specialty hobby stores. The brand will introduce premium boxed collections featuring some of the world’s biggest music artists, including authentic autographs and relic cards containing stage-worn items, continuing ESCO’s legacy of innovation while setting a new standard for music and pop culture collectibles.

“The Exhibit Supply Company brand helped shape the history of trading cards more than a century ago, and we’re honored to build on that legacy for today’s generation of collectors,” said Robert Thomsen, CEO of ESCO Trading Cards. “Music and pop culture deserve a dedicated home in the hobby, and the ESCO moniker gives us the opportunity to create premium collectibles that honor artists, resonate with fans and continue pushing the category forward.”

With its return, ESCO Trading Cards stands as the only premium trading card brand dedicated exclusively to music and pop culture, bridging more than a century of collecting history with the future of the hobby.

For more information, visit: escotradingcards.com and follow @escotradingcards on Instagram and TikTok and @escotrdingcards on X .

ABOUT ESCO

Exhibit Supply Company (ESCO), is the legendary collectibles brand founded in 1901 and credited with helping invent the modern trading card. Exhibit Supply Company was among the earliest producers of collectible picture cards featuring entertainers, athletes and cultural icons, including Charlie Chaplin, Babe Ruth, Marilyn Monroe, The Beatles and The Rolling Stones as well as the first company to release trading cards independently of other consumer products such as tobacco or gum. ESCO Trading Cards stands as the only premium trading card brand dedicated exclusively to music and pop culture, bridging more than a century of collecting history with the future of the hobby.

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