According to the new market research report “RF Semiconductor Market by Device (Filter, Power Amplifier, Switch, Low Noise Amplifier), Frequency Band, Material (GaAs, GaN, Si) Application (Consumer Devices, Automotive, Telecommunication, Aerospace & Defense), and Region – Global Forecast to 2025″This market is expected to reach from USD 17.4 billion in 2020 to USD 26.2 billion by 2025, at a CAGR of 8.5% during the forecast period. The increasing importance of advanced RF devices in radar and electrionic warfare systens and increasing penetration of LTE and advanced technologies are key factors driving the growth of this market.
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Browse 104 market data Tables and 42 Figures spread through 150 Pages and in-depth TOC on “RF Semiconductor Market by Application (Consumer Devices, Automotive, Telecommunication, Aerospace & Defense), and Region – Global Forecast to 2025”
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Filters to hold the highest market share in RF semiconductor market during the forecast period.
Filters are expected to hold the largest market share by 2025. Rapid advancements in the telecom sector are witnessed by developed and emerging countries across the world. The technological shift from 3G to 4G/LTE and now into 5G has increased the network traffic through mobile devices and resulted in increased network interferences across the communication channels. As industry shifts towards the adoption of 5G, number of filters used per smartphones expected to increase, this would drive the major share of the market during the forecast period.
Gallium Nitride based RF devices to exhibit highest CAGR in market during forecast period.
GaN-based RF devices are expected to grow at the highest CAGR in the market during the forecast period. GaN devices have the ability to combine high RF power output over broad bandwidths at high frequencies. As industry shifts towards the adoption of 5G networks for >6GHz, band silicon will not be able to meet various requirements of networks as silicon devices operate well below 3GHz.
Consumer Electronics application to lead RF semiconductor market during forecast period.
Consumer devices application is expected to lead the RF semiconductor market during the forecast period. The growing worldwide demand for mobile wireless communications and mobile multimedia applications is driving the growth of mobile devices. As there is increasing demand from end-users for high-speed data communication, smartphone manufacturers continuously strive to meet these demands. RFFE module must support numerous bands to allow for global use. Also, OEMs are always under pressure to differentiate their consumer devices from the competitors’ one. To have advanced RF components in smartphones have become an important factor for smartphone manufacturers.
Automotive vertical to witness highest growth rate.
The automotive vertical includes the use of various LEDs, infrared components, image sensors, and laser diodes. Light sensors are used to detect ambient light to enable automatic switching of lights in vehicles. These sensors are also used to detect the presence of rain to enable the activation of windshield wipers. The use of LEDs in lighting applications has also increased in the automotive sector. LEDs offer more freedom in terms of design to improve aesthetics, compatibility, life, and power efficiency, which makes them a suitable solution for lighting in the automotive sector.
Euroepan RF semiconductor market to grow at significant rate during the forecast period.
The increasing concerns regarding the safety of travelers and vehicles on roads have led to the adoption of intelligent transportation systems in this region. The European Transport Safety Council (ETSC) focuses on the adoption of intelligent transportation systems. RF semiconductors are embedded in these systems, and increasing the adoption of these systems is expected to propel the demand for RF semiconductors during the forecast period. In 2018, the European Commission mandated 11 safety features to be included in all new cars from 2021, which would provide an opportunity for the market. In Europe, there is very high adoption of 4G as the coverage is improving continuously.
The report profiles the most promising players in the RF Semiconductor Market. The market’s competitive landscape presents an interesting picture of strategies adopted by many players. 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) are few dominant players in the RF Semiconductor Market.
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