The RF Semiconductor Market is anticipated to increase from USD 17.4 billion in 2020 to USD 26.2 billion by 2025, at a CAGR of 8.5% over the forecast period. The main factors driving market expansion, according to the report, are the increased usage of LTE and other sophisticated technologies, as well as the rising need for advanced RF devices in radar and electronic warfare systems. GaAs, GaN, and Si materials are the most frequently utilised in the market, which is divided into segments based on device, frequency range, material, application, and region. According to the research, the most important markets for RF semiconductors will be consumer electronics, automotive, telecommunications, aerospace, and defence.
Filters to hold the highest market share in RF semiconductor market during the forecast period.
Over the projected period, filters are expected to have the largest market share in the RF semiconductor industry. The market expansion is being pushed by the telecom industry's quick technological developments, particularly the switch from 3G to 4G/LTE and now 5G. This has led to more people using mobile devices to access the internet, which has increased network interference across all communication channels. A significant portion of the market is likely to be driven by filters during the forecast period as the industry transitions to the deployment of 5G. According to the report, the telecom industry is rapidly developing in both developed and developing nations worldwide, which is fueling market expansion.
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Gallium Nitride based RF devices to exhibit highest CAGR in market during forecast period.
In the RF semiconductor market, RF devices based on gallium nitride (GaN) are anticipated to grow at the fastest compound annual growth rate (CAGR) during the course of the forecast period. The report emphasises that high RF power production over wide bandwidths at high frequencies can be combined with GaN-based RF devices. Silicon devices, which run well below 3GHz, will not be able to match the criteria of these networks as the industry shifts towards the introduction of 5G networks for frequencies beyond 6GHz. Thus, it is anticipated that GaN-based RF devices would be essential to the market's expansion, particularly in the 5G future. According to the paper, GaN-based RF devices will continue to be in high demand across a range of application sectors, including aerospace and defence, telecommunication, and consumer electronics.
Consumer Electronics application to lead RF semiconductor market during forecast period.
Consumer electronics is predicted to dominate the RF semiconductor market throughout the forecast period, per a market research analysis. The study emphasises how the need for mobile wireless communications and mobile multimedia applications is rising globally, fueling the development of mobile devices. End-user demand for high-speed data connectivity is rising, and smartphone makers are working hard to satisfy this demand. RFFE modules need to support a number of bands in order to be used globally. Also, OEMs are constantly under pressure to set their consumer electronics apart from those of their rivals. Thus, it has become crucial for smartphone makers to have cutting-edge RF components in their devices. According to the report, the rising popularity of smartphones and other mobile devices will lead to continued robust demand for RF chips in the consumer products industry.
Automotive vertical to witness highest growth rate.
According to a market research report, the RF semiconductor market's automotive vertical is predicted to grow at the fastest rate. The research emphasises the use of numerous RF components in the automotive industry, including LEDs, infrared components, image sensors, and laser diodes. Light sensors are used in automobiles to monitor ambient light and enable automatic lighting switching. These sensors can also detect rain, which enables the windscreen wipers to be turned on. Due to its adaptability in design, enhanced aesthetics, compatibility, longer lifespan, and power efficiency, LEDs are being used in lighting applications in the automotive industry. The expansion of the RF semiconductor market in the automotive industry is predicted to be fueled by the rising need for advanced driver-assistance systems (ADAS) and the transition to electric vehicles, according to the report.
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Euroepan RF semiconductor market to grow at significant rate during the forecast period.
The European RF semiconductor market is anticipated to expand significantly throughout the forecast period, per a market research analysis. The paper emphasises how the region's adoption of intelligent transportation systems is a result of growing worries about the safety of drivers and passengers on the roadways. The implementation of intelligent transportation systems, which include RF semiconductors, is a focus of the European Transport Safety Council (ETSC). Throughout the projection period, it is anticipated that the growing usage of these systems would drive up demand for RF semiconductors. The European Commission mandated the inclusion of 11 safety measures in all new cars beginning in 2021, which is anticipated to present a sizable potential for the market. The survey also claims that Europe has a high acceptance rate for 4G technology, and that as coverage expands, there will be a rise in demand for RF semiconductors.
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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