RF Semiconductor Market to Grow at 8.5% CAGR, Reaching $26.2 Billion by 2025


Posted March 14, 2023 by avinashgogawale14

With a CAGR of 8.5%, it is predicted that the RF Semiconductor Market Size will increase from USD 17.4 billion in 2020 to USD 26.2 billion by 2025.

 
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% during the projected period. The study identifies the growing adoption of LTE and advanced technologies as the major growth drivers in this market, along with the significance of sophisticated RF devices in radar and electronic warfare systems. The paper also discusses the numerous RF semiconductor device types, including filters, power amplifiers, switches, and low noise amplifiers, as well as how they are used in a variety of fields, including consumer electronics, automobiles, telecommunications, aerospace, and defence. Additionally, the study analyses the various frequency bands, materials, and geographical regions that are anticipated to have considerable market expansion.

Key Players:

Some of the Major players in the RF Semiconductor Market are Qorvo - Qorvo (US); Skyworks (US), Qualcomm (US), Analog Devices (US) and NXP® Semiconductors (Netherlands).

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Filters to hold the highest market share in RF semiconductor market during the forecast period.

Over the projected period, the filter segment is anticipated to have the largest market share in the RF semiconductor market. The increased adoption of LTE and other sophisticated technologies, as well as the rising demand for advanced RF devices in radar and electronic warfare systems, are the main factors propelling the growth of the RF semiconductor market. By 2025, filters are anticipated to have the greatest market share because of the global telecom industry's quick development. The number of filters utilised per smartphone is anticipated to rise as the market moves towards the adoption of 5G, which will drive the majority share of the market during the forecast period.

Gallium Nitride based RF devices to exhibit highest CAGR in market during forecast period.

The RF Semiconductor Market is predicted to grow at the greatest Compound Annual Growth Rate (CAGR) for RF devices based on gallium nitride (GaN) over the projected period. This is a result of GaN devices' capacity to emit high RF power over wide bandwidths at high frequencies. Silicon-based devices, which function well below 3GHz, will not be able to meet the varied requirements of the network as the industry goes towards implementing 5G networks with frequencies more than 6GHz. The demand for GaN-based RF devices is therefore anticipated to increase significantly during the next few years.

Consumer Electronics application to lead RF semiconductor market during forecast period.

Throughout the anticipated period, the consumer electronics application is anticipated to dominate the RF semiconductor market. The expansion of mobile devices is being driven by the rising demand for mobile wireless communications and mobile multimedia applications. End-user demand for high-speed data connectivity is steadily rising, driving smartphone makers to work to satisfy this demand. To enable widespread use, the RFFE module must support a variety of bands, and OEMs are under pressure to set their consumer products apart from rivals. As a result, having cutting-edge RF components in smartphones has become crucial for smartphone makers, which has helped the consumer electronics application in the RF semiconductor market flourish.

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Automotive vertical to witness highest growth rate.

Over the projection period, the RF semiconductor market is anticipated to develop at its highest rate in the automotive sector. This is because the car industry is using more RF devices including LEDs, infrared components, image sensors, and laser diodes. While LEDs give more design freedom for lighting applications, enhancing aesthetics, compatibility, life, and power efficiency, light sensors are employed to enable automatic lighting switching and wiper activation. Additionally, the trend towards autonomous and connected vehicles is anticipated to fuel the automotive industry's demand for RF semiconductor devices.

Euroepan RF semiconductor market to grow at significant rate during the forecast period.

Throughout the projected period, a considerable growth rate is anticipated for the European RF semiconductor industry. One of the main factors fueling the market's expansion is the region's growing use of intelligent transportation systems to guarantee the safety of drivers and passengers on the roads. The implementation of these RF semiconductor-based technologies is a priority for the European Transport Safety Council (ETSC). The European Commission has also mandated the installation of 11 safety features in all new cars beginning in 2021, creating additional market expansion prospects. The market is expanding in part because to the widespread use of 4G technology in Europe, which is continuously expanding coverage.

News Covered:

https://www.prnewswire.com/news-releases/rf-semiconductor-market-worth-26-2-billion-by-2025--exclusive-report-by-marketsandmarkets-301017058.html

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Last Updated March 14, 2023