RF Semiconductor Market: Market Share, Growth, and Future Prospects


The RF Semiconductor Market Size is anticipated to rise at a CAGR of 8.5% to reach USD 26.2 billion by 2025. According to the report, the expanding use of LTE and advanced technologies, the rising demand for RF components for smartphones, and the increasing significance of advanced RF components in radar and electronic warfare systems are all contributing to the increased demand for RF semiconductors. Device (filter, power amplifier, switch, low noise amplifier), frequency band, material (GaAs, GaN, Si), application (consumer devices, automotive, telecommunication, aerospace & defence), and geography are the market segments.

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Driver: Increasing penetration of LTE and advanced technologies

Demand for high-efficiency RF devices has increased as LTE technology usage spreads, particularly in emerging nations like India. The global market for RF semiconductors is anticipated to be driven by this trend in developing nations. Furthermore, industrialised nations like the US and Japan are embracing cutting-edge technologies like 5G. According to a 2019 report by the GSM Association, North America's 5G penetration will be over 47% by 2025, while Europe's penetration would be around 29%. These patterns suggest that there is a rising demand for RF semiconductors and that the market for these products will probably expand in the upcoming years.

Consumer devices to hold the largest application share of RF semiconductor industry during the forecast period

Consumer electronics are anticipated to account for the greatest market share for RF semiconductors from 2020 to 2025, according to a recent industry research analysis. Global demand for mobile wireless communications and mobile multimedia applications is to blame for this. Smartphones must support several bands as communication technology transitions from 4G to 5G, which adds complexity and fuels demand for RF equipment like filters and switches per smartphone. The increase in RF devices in each smartphone is what is fueling the market's expansion. These patterns suggest that the demand for RF semiconductors in consumer electronics will probably increase over the next few years.

SHF frequency band to witness the highest CAGR in the RF semiconductor market during the forecast period

The SHF (super high frequency) frequency band is anticipated to experience the greatest compound annual growth rate (CAGR) in the RF semiconductor market during the forecast period from 2020 to 2025, according to a recent market research assessment. According to the report, the rising need for 5G technology is the main factor driving the demand for the SHF frequency range. The demand for RF semiconductor devices operating in the SHF frequency band is being driven by the anticipated deployment of 5G technology in the frequency range of 3.3-3.8 GHz for initial services. This frequency band is used for backhauls and cellular base stations. These patterns suggest that the SHF frequency band's RF semiconductor demand is anticipated to increase over the next few years.

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APAC to hold the largest share of RF semiconductor market during the forecast period

The APAC (Asia-Pacific) region is anticipated to hold the highest share of the RF semiconductor market during the projected period from 2020 to 2025, according to a recent industry research analysis. According to the report, there is significant demand from nations like China, Japan, and South Korea, and the market in APAC is anticipated to expand quickly in industries like consumer electronics, telecommunications, and transportation. Additionally, with commercial deployments scheduled for 2020 in China and Japan, Asian markets are encouraging the development of 5G mobile technologies. The RF semiconductor market in the APAC region is anticipated to expand at a substantial rate because to the rising demand for smartphones, the increasing use of safety features like ADAS and infotainment systems in automobiles, and the proliferation of innovative communication technologies. These patterns suggest that in the upcoming years, the APAC region will remain a prominent market for RF semiconductors.  

Major players in the RF semiconductor industry include Qorvo (US), Skyworks (US), Qualcomm (US), Analog Devices (US), NXP Semiconductors (Netherlands), Cree (US), MACOM (US), Microchip Technology (US), Murata Manufacturing (Japan), and Texas Instruments (US).

News Covered:

https://www.prnewswire.com/news-releases/rf-semiconductor-market-worth-26-2-billion-by-2025--exclusive-report-by-marketsandmarkets-301017058.html 

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