RF power semiconductors find extensive applications in wireless communication devices, cellular network infrastructure, 5G networks and satellite communication systems owing to their abilities to generate and amplify radio frequency signals. RF power semiconductor devices such as power amplifiers, switches and driver amplifiers are critically essential for wireless connectivity and are used in smartphones, laptops, wearable devices, smart home appliances and industrial equipment. The rising penetration of IoT devices, automation systems, autonomous vehicles and increasing adoption of 5G connectivity is fueling demand for smart electronic devices which is driving the RF power semiconductor market. The global RF power semiconductor market is estimated to be valued at US$ 20.35 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing popularity of smart electronic devices integrated with connectivity features such as Bluetooth, Wi-Fi and wireless charging has accelerated the demand for RF power semiconductors over the recent past. As these electronic gadgets require amplification and modulation of radio waves for wireless transmission of data, RF power semiconductor devices play a crucial role. The rising proliferation of smart cities, autonomous transportation networks and adoption of smart grid infrastructure will further propel the growth of RF power semiconductor market. Moreover, the rising investments by market players and governments for the deployment of 5G networks globally is anticipated to boost the adoption of RF power semiconductor devices in the coming years.
Segment Analysis
The global RF Power Semiconductor market size is segmented into material type, product, application and regions. Based on material type, the market is further divides into Gallium Nitride (GaN), Gallium Arsenide (GaAs) and others. Among these, the GaN segment dominates the market and accounts for around 50% share of the total market. GaN based RF power semiconductor has better conductivity, higher breakdown voltage and higher switching frequency as compared to other materials which makes it suitable for high power applications.
Key Takeaways
The global RF Power Semiconductor market is expected to witness high growth during the forecast period of 2023 to 2030.
Regional analysis: Asia Pacific is emerging as the fastest growing region in the global RF power semiconductor market. This growth can be attributed to the rapidly growing telecommunication industry in countries like China and India. Also, presence of key players in the region is positively influencing the market growth. For instance, some of the leading RF power semiconductor manufacturers like Murata, TDK and Samsung are based in Asia Pacific which is increasing the regional production and sales. Moreover, rising demand for 5G infrastructure deployment across major Asian countries is further propelling the demand for RF power semiconductors in the region.
Key players operating in the RF Power Semiconductor market are Stanley Black & Decker,Milwaukee Tool,DEWALT,Techtronic Industries,Robert Bosch GmbH,Cooper Industries, Honeywell International Inc.,3M,Larson Electronics, and Streamlight Inc. Stanley Black & Decker and Robert Bosch GmbH are the market leaders with extensive product portfolio for RF power semiconductors used in various applications like wireless infrastructure, radar systems, space & defense.
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