At a CAGR of 8.5%, the RF Semiconductor Market Size is predicted to increase from USD 17.4 billion in 2020 to USD 26.2 billion by 2025. The demand for RF semiconductors has increased as a result of the increasing adoption of LTE and sophisticated technologies. The growing need for RF components for smartphones and the expanding significance of advanced RF components in radar and electronic warfare systems are further growth factors for the RF Semiconductor Industry.
Consumer electronics will dominate the RF Semiconductor Industry's application share during the anticipated time frame.
During the years 2020–2025, consumer electronics are anticipated to have the lion's share of the RF semiconductor market. The development of mobile devices is being driven by the rising global demand for mobile wireless communications and mobile multimedia applications. Smartphones should support various bands as communication technology transitions from 4G to 5G, adding complexity to the device and raising the need for RF equipment like filters and switches for each smartphone. Thus, the increase in RF devices per smartphone fuels the market's expansion.
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The forecast term will see the RF Semiconductor Market's SHF frequency band have the greatest CAGR.
From 2020 to 2025, the SHF frequency band is anticipated to experience the fastest CAGR growth in demand. One of the main uses of this frequency range is for 5G technology, and it is also utilised for cellular base stations and backhauls. Since the initial services for 5G technology are anticipated to run in the 3.3-3.8 GHz frequency band, the demand for RF semiconductor devices that operate in the SHF is anticipated to increase significantly during the forecast period.
During the anticipated period, APAC will account for the highest share of the RF Semiconductor Market.
The RF Semiconductor Industry is anticipated to be dominated by APAC in 2020, and a similar trend is anticipated to be seen throughout the forecast period. Strong demand is being seen by global market participants from nations including China, Japan, and South Korea. Consumer electronics, telecommunications, and the automotive industries are just a few of the ones where the APAC market is anticipated to expand quickly. With commercial deployments of 5G mobile technologies scheduled for 2020 in China and Japan, the Asian markets are promoting their development. The RF Semiconductor Market in the APAC region is expected to expand at a large rate due to factors like as the rising demand for smartphones, the expanding use of safety features like ADAS and infotainment systems in automobiles, and the proliferation of modern communication technologies.
Key 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).
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