RF Semiconductor Market Forecast worth USD 26.2 Billion by 2025


The Global RF Semiconductor Market Size is projected to grow from USD 17.4 billion in 2020 to USD 26.2 billion by 2025, at a CAGR of 8.5%. The increasing importance of advanced RF devices in radar and electronic warfare systems is one of the key factors driving the growth of the RF Semiconductor Industry. Also, the increasing penetration of LTE & advanced technologies, and the growing demand for RF devices for smartphones, is likely to boost the market growth.

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Qorvo (US), Skyworks (US), Analog Devices (US), Qualcomm (US), NXP Semiconductors (Netherlands), Cree (US), MACOM (US), Microchip Technology (US), Murata Manufacturing (Japan), Texas Instruments (US), Maxim Integrated (US), Mercury Systems (US), ON Semiconductor (US), RFHIC (South Korea), RichWave (Taiwan), STMicroelectronics (Switzerland), Sumitomo Electric Drives Innovations (Japan), TDK Electronics (Germany), Teledyne (US), and Toshiba (Japan) are the major players in the Global RF Semiconductor Market.

The RF Semiconductor Market is competitive, owing to the presence of several regional and global players. Key strategies adopted by these players to enhance their product portfolios, increase their market share, and expand their presence in the market are expansions and product launches. Many market players adopted expansion as their primary business strategy. For instance, in February 2019, Analog Devices (US) announced the expansion of its Raleigh, North Carolina office in the US. The Raleigh office is focused on researching and developing embedded hardware, software, and related technologies found in current and next-gen wireless systems and networks. Apart from this, players have also adopted product launch strategies to grow their businesses. For instance, in July 2019, Skyworks (US) launched two power amplifiers for applications in the aerospace & defense industry. The SKYH22001 and SKY22002 are internally tuned for 700 MHz to 2.7 GHz frequency range and are tunable up to 6 GHz.

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Qorvo is among the leading suppliers of RF solutions with broad product portfolio serving applications such as defense, base station, Wi-Fi customer premises equipment, automotive, and smart home IoT. The company is a major supplier of GaN-based products to the global defense and aerospace serving the US government through contracts with the Defense Advanced Research Project Agency, the Air Force Research Laboratory, and the Office of Naval Research. Qorvo has widespread presence across the world with engineering and manufacturing facilities located in North America, Europe, and Asia. The company is developing and investing in GaN process technologies for manufacturing new GaN-based products exploiting GaNs performance advantages. The company majorly relies on product launch as its key growth strategy. For instance, in January 2020, the company announced the expansion of its IoT portfolio with two RF front-end (RFFE) modules that support the NB-IoT and LTE-M cellular standards. These modules are QM55003 and QM55001. Qorvo has partnered with Nordic Semiconductor (Norway) to develop cellular IoT solutions using Qorvos RFFE modules. Such proactive measures supported by a recognized brand name, associations with major end-user verticals, and the ability to implement any technological advancement on a global scale would further help the company maintain a leading position in the RF Semiconductor Market.

Skyworks is focused on wireless infrastructure applications. The company is expected to focus on IoT and 5G technologies that support wireless connectivity to a large extent. The company is expected to make strategic investments and partnerships to accelerate the deployment of 5G technology; for this, the company has launched the Sky5 platform, specifically focused on empowering revolutionary 5G communications. The company has its primary focus on the launching of RF-based devices, thus planning to conquer the opportunities in the telecommunications sector. For instance, in July 2019, the company launched two new switches for applications in the telecom industry. The SKY12245-492LF and SKY12247-492LF are SPDT-type switches with maximum frequency of 3.8 GHz. Moreover, the company has launched Sky5, to empower the 5G revolution, thus launching various products for 5G applications. The company is planning to further expand its product portfolio for high bandwidth applications in fast-growing sectors such as automotive, connected home, and IoT.

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