RF power semiconductors are devices or modules that boost the power of the signal of a particular radio frequency. This report on the RF power semiconductor market includes RF power devices and modules such as RF power amplifiers, RF switches, RF filters, RF duplexers and other RF devices that are used in various industries, which include telecommunication, automotive, consumer electronics and aerospace & defence.
In this report, FMI has segmented the global RF power semiconductor market on the basis of product type, industry and region. By product type, the RF power semiconductor market is segmented into RF power amplifiers, RF switches, RF filters, RF duplexers and other RF devices. The RF power amplifier sub-segment is expected to grow at a relatively higher CAGR as the demand for RF power amplifiers is growing rapidly owing to the increasing mobile workforce and rapid developments in network infrastructure.
The RF power amplifier sub-segment is also expected to capture the largest market share of the global RF power semiconductor market and is expected to create an incremental opportunity of USD 10,817.6 Million between 2018 and 2027.
Rapid increase in the demand for smartphones & tablets and the evolution of next-generation wireless technologies are among the major factors driving the RF power semiconductor market. Moreover, recent advancements in various industrial sectors, such as telecommunication, consumer electronics and automotive, is encouraging the manufacturers of RF power semiconductors to boost the expansion of RF technologies.
Furthermore, the rising trend of digitalisation and increase in the number of smart city projects in various countries around the world is also creating potential opportunities for the growth of the RF power semiconductor market.
Apart from this, the growing importance of power efficiency and boom in the IoT market are some of the factors expected to create potential growth opportunities for the RF power semiconductor market. Moreover, the proliferating penetration of network technologies and the emergence of higher-generation networks are also some of the factors driving the RF power semiconductor market. Owing to these factors, the RF power amplifier sub-segment is projected to register double-digit growth during the forecast period in the global RF power semiconductor market.
Based on industry, the RF power semiconductor market is sub-segmented into telecommunication, consumer electronics, automotive, aerospace & defence, medical and others. Rapid development in network infrastructure and advancements in mobile communication technologies are some of the major factors promoting the growth of the telecommunication sub-segment. Furthermore, the telecommunication sub-segment is also expected grow at a relatively higher CAGR during the forecast period.
In terms of value, the telecommunication sub-segment is expected to create an incremental opportunity of USD 11,395.8 Million during the forecast period in the RF power semiconductor market. Moreover, the telecommunication sub segment is also expected to capture the largest market share in the global RF power semiconductor market.
On the basis of geography, the RF power semiconductor market is sub-segmented into North America, Latin America, Europe, Japan, APEJ (Asia Pacific Excluding Japan) and Middle East & Africa. The RF power semiconductor market in APEJ is expected to dominate the global RF power semiconductor market due to advancements in next-generation communication technologies in various countries of the region.
Europe and North America are also expected to capture a substantial market share in the global RF power semiconductor market owing to major technological advancements in the telecommunication industry and increase in the mobile workforce in various countries of the region. Moreover, the RF power semiconductor market in Latin America and Middle East & Africa is also expected to grow at a high CAGR owing to the widespread deployment of IoT and telecommunication technologies in the past couple of years.
According to FMI analysis, long-term contracts with business partners are likely to increase revenue and new innovation strategies, which enables RF power semiconductor manufacturers to reach new growth markets. Moreover, the acquisition of businesses, technologies and products is also expected to help the manufacturers of RF power semiconductors accelerate revenue growth and create value for shareholders.
Some of the market participants in the global RF power semiconductor market report include NXP Semiconductors; Analog Devices, Inc.; Qualcomm Technologies; MACOM; Broadcom; Maxim Integrated; Toshiba Corporation; Skyworks Solutions, Inc.; STMicroelectronics and Murata Manufacturing Co., Ltd.
The RF power semiconductor market is likely to secure a CAGR of 8.62% during the forecast period.
Increasing demand for smartphones, tablets, and evolution of next-generation wireless technology are the major drivers.
The market is currently at a revenue of about USD 20.76 Billion.
The APEJ (Asia-Pacific Excluding Japan) is expected to dominate the RF power semiconductor market.
Explore Semiconductors Insights
RF Power Semiconductor Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
