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7 June 2016

RF power semiconductor market growing at 15.4% to over $31bn by 2022

The RF power semiconductor market is rising at a compound annual growth rate (CAGR) of 15.4% from $10.57bn in 2015 to $31.26bn in 2022, according to the report 'RF Power Semiconductor Market by Product (Power Amplifiers, Passives, Switches, and Duplexers), Material (Silicon, Gallium Nitride, and Gallium Arsenide), Frequency, Application (Consumer, and Aerospace & Defense), and Geography - Global Forecast to 2022' from MarketsandMarkets.

The use of power amplifiers for long-term evolution (LTE) has increased with the growing demand for LTE. The transition to LTE requires significant investment as the core networks also need to be upgraded for the change in wireless standard. This will also drive demand for RF power devices, boosting growth. Another major factor driving growth of the RF power semiconductor market is the increased use of smartphones.

RF power amplifiers to play key role

By device type, RF power amplifiers are expected to comprise the largest market share, dominating the RF power semiconductor market between 2016 and 2022 due to the increasing adoption of power amplifiers worldwide. The growing preference for wireless connectivity has driven the use of RF power devices in wireless connectivity. RF power amplifiers have applications in sectors such as aerospace & defense, automotive, medical, telecommunications and data communications, and consumer electronics.

Consumer applications held largest market share in 2015 

By application, consumer applications are expected to comprise the largest market share, dominating the RF power semiconductor market between 2016 and 2022. The growing use of smartphones and the demand for faster data rates are the major drivers in the consumer sector. The growth of LTE is also one of the major drivers.

APAC to hold largest market share and grow fastest  

The Asia Pacific region (APAC) is expected to hold the largest market share (dominating the market between 2016 and 2022) and to grow the fastest (due to the established electronics industry and the adoption of innovative technologies). The RF power semiconductor market in Asia-Pacific is expected to grow at a high rate in consumer, telecommunications and data communications, and medical sectors, among others. The increasing number of players in the region is further expected to drive growth in APAC.

The report lists the key players in the RF power semiconductor market include Infineon Technologies AG (Germany), M/A-COM Technology Solutions Holdings Inc (USA), NXP Semiconductors N.V. (Netherlands), Qorvo Inc (USA), Broadcom Ltd (USA), Toshiba Corp (Japan), Qualcomm Inc (USA), Skyworks Solutions Inc (USA), Mitsubishi Electric Corp (Japan), and Murata Manufacturing (Japan).

Tags: RF power semiconductors

Visit: www.marketsandmarkets.com/Market-Reports/

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