The RF power semiconductor devices are used in application areas such as aerospace, automotive, military, medical, energy, consumer, telecommunication and data communication, and so on. In the last few years, new improved materials such as gallium nitride (GaN) are increasingly being used in RF power semiconductor devices.
The RF power semiconductor market is estimated to grow from USD 10.57 Billion in 2015 to USD 31.26 Billion by 2022, at a CAGR of 15.4% between 2016 and 2022. The base year considered for the study is 2015 and the market size forecast is given for the period between 2016 and 2022. The objectives of the report include defining, describing, and forecasting the global radio frequency (RF) power semiconductor market on the basis of RF power product, material, frequency, application, and geography. The objective of the report also includes the necessity to provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
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The scope of this report covers the RF power semiconductor market on the basis of products, frequencies, materials, applications, and geography. The market is further segmented on the basis of geography into various countries. The consumer application is expected to hold the largest market share during the forecast period. The market for the aerospace & defense application is expected to grow at the highest rate during the forecast period owing to the increasing demand for RF power semiconductor devices in avionics and radar systems.
APAC is expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022. The established electronics industry and adoption of innovative technologies are the reasons for the high growth rate in the region. The RF power semiconductor market in Asia-Pacific is expected to grow at a high rate in consumer, telecommunication and data communication, and medical sectors among others. The increasing number of players in the region is further expected to drive the growth of the APAC RF power semiconductor market.
The key players in RF power semiconductor market include Infineon Technologies AG (Germany), M/A-COM Technology Solutions Holdings, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Qorvo, Inc. (U.S.), Broadcom Limited (U.S.), Toshiba Corporation (Japan), Qualcomm Inc. (U.S.), Skyworks Solutions, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), and Murata Manufacturing (Japan).
RF power amplifiers to play a key role in the RF power semiconductor market
The RF power amplifiers are expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022 owing to the increasing adoption of power amplifiers across the globe. The growing preference for wireless connectivity has driven the use of RF power devices in wireless connectivity. The RF power amplifiers have applications in sectors such as aerospace & defense, automotive, medical, telecommunication and data communication, and consumer among others.
Consumer application held the largest market share in 2015
The consumer application is expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022. The growing use of smartphones and demand for faster data rates are the major drivers for the RF power semiconductor market in the consumer sector. The growth of LTE is also one of the major drivers for the growth of the RF power semiconductor market.
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