by RF power semiconductors are used in wireless infrastructure equipment such as macrocells, small cells, and remote radio heads that power telecommunication networks. They offer benefits such as enhanced signal quality, higher power efficiency, and reduced costs. The expanding 5G network deployments and proliferation of IoT devices have augmented the need for RF power semiconductors.
The global RF power semiconductor market is estimated to be valued at US$ 20.35 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for wireless communication arising from the deployment of 5G networks across the world has been a key driver behind the soaring RF power semiconductor market. 5G technology relies on short-range, high-frequency signals for connectivity, necessitating a far denser telecommunication infrastructure than preceding technologies. This prompts a exponential rise in the number of base stations, small cells, and macrocells, driving up demand for RF power semiconductors used in such infrastructure equipment for signal transmission and reception. As more countries adopt 5G, this trend is likely to accelerate RF power semiconductor market growth over the coming years.
SWOT Analysis
Strength: The RF power semiconductor market is driven by increasing demand for wireless communication and connectivity. With emerging technologies like 5G and IoT, there is a strong demand for RF power semiconductor devices.
Weakness: Design complexities and challenges associated with next-generation technologies like 5G pose challenges for vendors in this market. Higher research and development costs also impact smaller players.
Opportunity: Growing applications of RF power semiconductor devices across industries like automotive, aerospace and defense offers new growth opportunities. Emerging economies also present an untapped market potential.
Threats: Presence of substitutes like GaN and SiC-based devices pose competitive threats. Stringent regulations around technology standards also impact the pace of innovation.
Key Takeaways
The Global RF Power Semiconductor Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. With the rollout of 5G networks worldwide and increasing deployment of IoT devices, demand for RF power devices is accelerating rapidly. The Asia Pacific region currently dominates the market owing to presence of key manufacturing hubs and a large consumer base for mobile devices. Going forward, China, India and other Southeast Asian countries are expected to drive the next wave of growth in this region.
Key players operating in the RF power semiconductor market are Reckitt Benckiser Group PLC, Church & Dwight Co. Inc., Okamoto Industries Inc., Karex Berhad, and Humanwell Group. These companies have a widespread presence across major regions and hold a significant market share. They are continuously investing in R&D to develop advanced RF power solutions catering to next-generation communication standards like 5G. Partnerships and mergers & acquisitions have also enabled key players to enhance their product portfolio and geographical footprint.
The automotive industry has emerged as an important end-user segment for RF power semiconductors with increasing adoption of connected vehicles, advanced driver assistance systems and vehicle electrification. RF power devices enable critical functions like wireless vehicle charging, dashboard connectivity and integrated telematics systems in modern vehicles. Asia Pacific, led by China, is a major production hub for automotive industry providing significant opportunities for RF power semiconductor manufacturers.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
