RF power semiconductors are widely used in base stations, small cells and mobile terminals for wireless communication systems which allow high speed transmission of voice and data. The rising use of smartphones, tablets and other wireless devices along with proliferation of 5G technology globally has accelerated the demand for RF power semiconductors. The global RF power semiconductor market is estimated to be valued at US$ 20.35 Bn in 2024 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 demand for wireless communication systems is one of the key drivers fueling the growth of the RF power semiconductor market. 5G deployments in major economies and growing expectations of high-speed connectivity with low latency have boosted the use of RF power modules, amplifiers and transistors in emerging technologies such as Internet of Things(IoT), autonomous vehicles and augmented reality. Due to the huge network build outs for 5G, demand for RF power semiconductors from telecom equipment manufacturers is expected to grow significantly. Continuous innovations to achieve higher power capabilities with improved efficiency will also support the expansion of the RF power semiconductor market over the forecast period.
Segment Analysis
The global RF power semiconductor market is dominated by the telecommunication segment. Majority of the RF power semiconductors deployed are used in cellular infrastructure equipment including macro and small cell base stations to transmit and receive signals. These base stations require RF power amplifiers and transceivers that consume significant amount of power. Continuous increase in adoption of smartphones and emergence of new wireless technologies such as 5G has been driving the demand for RF power semiconductor in the telecommunication segment.
Key Takeaways
The global RF Power Semiconductor Market Growth is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing demand for wireless infrastructure buildout.
Regional analysis: North America currently dominates the global market owing to presence of major network equipment manufacturers and rapid deployment of wireless technologies in the region. However, Asia Pacific is expected to surpass North America and emerge as the fastest growing as well as the largest regional market by 2030. This can be attributed to huge investments by countries like China and India to roll out 5G networks at large scale.
Key players: 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,Streamlight Inc.
For more insights, read- https://www.ukwebwire.com/rf-power-semiconductor-market-trends-size-and-share-analysis/
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