DUBLIN, Jan. 10, 2025 (Globe Newswire) — The “RF Power Semiconductor Market – Forecast 2024-2029” report has been added to ResearchAndMarkets.com’s offering.
The RF power semiconductor market is projected to reach USD 36.02 billion by 2029, growing at a CAGR of 8.52% from USD 23.922 billion in 2024.
Gallium arsenide material is expected to hold a dominant market share in RF power semiconductors as it is widely used in RF components of smartphones. It is gaining popularity in the market due to its high thermal stability, high electron mobility, and low noise. Additionally, end-user industries such as automotive, consumer electronics, aerospace, and defense will increasingly utilize RF power semiconductors for a variety of purposes.
Additionally, increasing adoption of 5G technology and rising demand for wireless networks are expected to contribute to market expansion in the coming years. However, high production costs and low profit margins may deter companies from exploring RF power semiconductor technology and suppress the market.
Driving forces of the RF power semiconductor market
The adoption of wireless networks is increasing to drive demand for RF power semiconductors around the world.
The key factors driving the global market for RF power semiconductor devices include the widespread adoption of wireless networks such as Long Term Evolution (LTE) and 5G across computing devices. Apart from this, increasing usage of electronic devices such as tablets and smartphones and intensive adoption of RF power in lighting applications will also significantly stimulate the global growth of the market.
In addition, RF power semiconductors are widely used in mobile phone and mobile phone applications, and these RF devices are the basic components of all base stations in mobile phone and mobile radio infrastructure, contributing to market expansion in the coming years. It is thought that it will contribute to promotion.
According to Techjury data on IoT Insights 2023, IoT gadgets are expected to account for 14.4 billion devices worldwide by 2023, 27 billion devices by 2025; It is expected to further increase to 1 billion IoT devices. There are over 400 dynamic IoT platforms. 5G innovation is expected to increase IoT to 1.3 billion members by 2018. 2023. The requirements for cellular and mobile wireless are increasing rapidly, which will have a positive impact on the market growth.
Geographical Outlook of RF Power Semiconductor Market:
The Asia-Pacific region is projected to hold a large share of RF power semiconductors.
Asia-Pacific will be the fastest growing region, especially due to the increased penetration of 5G networks in countries such as Japan, India, and China. Additionally, rapid urbanization and industrialization in the region, such as the consumer electronics and automotive industries, will drive high-speed connectivity requirements and increase the demand for RF power semiconductors. Major companies in the region developing new products are also influencing market expansion in the region.
For example, Mitsubishi Electric was scheduled to release a prototype 6.5W silicon RF high-power MOSFET for commercial handheld two-way radios in February 2024. This sample delivers industry-leading 6.5W output power from a 3.6V single-cell lithium-ion battery and is expected to extend the range and reduce power usage of commercial wireless hardware. . The commercial radio industry is expected to design high-power items utilizing these batteries, which are cheaper than traditional 7.2V batteries.
Reasons to purchase this report::
Insightful analysis: Detailed market insights covering key and emerging geographies, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments. You can get it. Competitive Landscape: Understand the strategic strategies adopted by leading companies. Players from all over the world can understand the potential for market penetration with the right strategy. Market Drivers and Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments. It’s practical. Recommendation: Use insights to make strategic decisions and discover new business streams and revenue in a dynamic environment. Covers a wide audience: useful and cost-effective for start-ups, research institutes, consultants, small and medium-sized businesses, and large enterprises.
Key attributes:
Report attribute details No. Number of pages 118 Forecast period 2024 – 2029 Estimated market value in 2024 (USD) 23.92 billion USD Predicted market value by 2029 (USD) 36 billion USD Average annual growth rate 8.5% Target region world
Report scope:
Historical Data and Forecast from 2022 to 2029 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behavior, Trend Analysis Competitive Positioning, Strategies, Market Share Analysis Revenue Growth and Forecast Segments including Country Regional assessment company profiling (strategy, product, financial) information, especially major developments)
Featured companies
MACOM Technology Solutions Broadcom Inc. Qualcomm Technologies, Inc.Cree, Inc. Toshiba Corporation NXP Semiconductors NV Murata Manufacturing Co., Ltd. Skyworks Solutions, Inc.
The RF Power Semiconductor market is analyzed into following segments:
By product
RF Power amplifier RF Passive RF Duplexer RF Switch etc.
By material
Silicon gallium arsenide silicon germanium gallium nitride silicon carbide indium phosphide
By use
Aerospace & Defense Automotive Medical Consumer Telecommunications & Datacom Other
By geography
North America South America Europe United Kingdom Germany France Spain Others Middle East and Africa Asia Pacific Japan China India Indonesia Taiwan Thailand Others
For more information about this report, please visit https://www.researchandmarkets.com/r/h33l9v.
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RF power semiconductor market
