According to the new market research report "RF Semiconductor Market by Device (Filter, Power Amplifier, Switch, Low Noise Amplifier), Frequency Band, Material (GaAs, GaN, Si) Application (Consumer Devices, Automotive, Telecommunication, Aerospace & Defense), and Region - Global Forecast to 2025", The global RF semiconductor market size is expected to grow from USD 17.4 billion in 2020 to USD 26.2 billion by 2025, at a CAGR of 8.5%. The growing penetration of LTE and advanced technologies has resulted in the increased demand for RF semiconductors. Other drivers for the RF semiconductor industry growth include the increasing demand for RF devices for smartphones and the growing importance of advanced RF devices in radar and electronic warfare systems.
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Filters to dominate the global RF semiconductor industry during the forecast period
Filters are expected to hold the majority of the RF semiconductor market share during the forecast period. The technological shift from 3G to 4G/LTE and now into 5G has increased the network traffic through mobile devices and resulted in increased network interferences across the communication channels. This, in turn, is driving a significant increase in the need for advanced filtering technologies. There will be an increasing number of filters per device as the adoption of advanced technologies such as 5G increases. This is expected to drive the market for filters during the forecast period.
Gallium Arsenide to dominate RF semiconductor market during the forecast period
Gallium Arsenide (GaAs) is expected to hold the largest market during the forecast period. GaAs is always preferred material for smartphone RF components. Some of its advantages include very high electron mobility, high thermal stability, low noise, and wide temperature operating range. This makes it suitable for various applications such as consumer devices, satellite communication, and radar. Increasing use of GaAs in smartphones for various RF devices drives the growth of the market.
APAC to hold the largest share of RF semiconductor market during the forecast period
APAC is expected to hold the largest share of the RF semiconductor industry in 2020, and a similar trend is likely to be observed during the forecast period. The global market players are experiencing strong demand from countries such as China, Japan, and South Korea. The market in APAC is expected to grow at a high rate in sectors such as consumer devices, telecommunication, and automotive. The Asian markets are encouraging the development of 5G mobile technologies, with commercial deployments planned in 2020 in Japan and China. The growing demand for smartphones, increasing implementation of safety features such as ADAS and infotainment systems in vehicles, the proliferation of advanced communication technologies would help the RF semiconductor market in the APAC region to grow at a significant rate.
Major players in the RF semiconductor industry include 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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