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2 April 2019

RF power semiconductor market growing at 12.29% CAGR to $32.5bn in 2026

The RF power semiconductor market is rising at a compound annual growth rate (CAGR) of 12.29% from 2018 to $32.51bn in 2026, according to a report available from ResearchAndMarkets.com.

In the rapid development and use of power semiconductors (which are predominantly used for switching applications in electronics circuits), one of the most vital aims is to achieve minimum power losses in operation. Radio frequency (RF) power semiconductors have seen broad acceptance in wireless communication devices, as they efficiently enable RF power amplification. With the advent of 5G cellular communications, RF power semiconductors are establishing their importance across the wireless communications market. With greater demand for higher bandwidth and operating frequency, demand for RF power semiconductors is expected to rise at a promising rate.

By product type, the RF power amplifier segment is expected to see the highest growth rate due to LTE adoption and enormous demand for increased bandwidth.

By region, in 2017, the Asia Pacific was the largest market for RF power semiconductors, due chiefly to the evolving electronics sector across the region. China is the world’s largest consumer electronics hub, valued at about $300bn in 2017, while the consumer electronics market in Japan accounted for $109.98bn. Further, rapidly growing markets such as India, Korea and Taiwan are expected to drive the market, with the highest growth rate compared with other regions.

The RF power semiconductor market is further supported by the robust technical developments in semiconductors. Organizations are aiming to invest and engage in such advances in order to cater to dynamic requirements of end-users. For example, in 2016, Efficient Power Conversion Corp (EPC) partnered with ASD Technology Ltd to accelerate the process of product conception through to implementation. Correspondingly, EPC launched a wireless multi-mode demonstration system compatible with all wireless power charging standards in 2016. Further, in 2016 the US Army sanctioned $1.1m for Raytheon Company to create and demonstrate gallium nitride (GaN)-based RF semiconductors that can easily integrate with next-generation radar systems.

With growing technology advances and government initiatives, the RF power semiconductor is market expected to see promising growth across the forecast period, concludes the report.

Tags: RF power semiconductors

Visit:  www.researchandmarkets.com/publication/mzkqvpr/4749571

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