Rapid technological breakthroughs in the telecommunications and electronics industries are driving up global demand for RF power semiconductors. RF power semiconductors are crucial for increasing bandwidth and functionality while lowering production and development costs for network infrastructure and consumer electronics.
In a recent research study, Future Market Insights (FMI) investigated the many aspects influencing the adoption of RF power semiconductors. Power efficiency’s global importance and the increasing adoption of vital networking technologies have provided lucrative growth prospects in the global RF power semiconductor industry.
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Rapid advancements in global network infrastructure, as well as rising demand for wireless technologies and systems, are projected to accelerate the adoption of RF power semiconductors in the near future. The FMI analysis examines the main elements impacting the global RF power semiconductor market’s revenue growth across key geographical areas.
Growing adoption of wireless technologies and systems
is propelling demand for RF power semiconductors, according to FMI analysis. The rapid proliferation of wireless mobile phone systems and subsequent increase in the global subscription base along with the increasing application of wireless technologies is creating significant opportunities for companies in the RF power semiconductor market.
The increase in demand for power-efficient semiconductor products has fuelled the adoption of wireless systems. Manufacturers of semiconductor products are focussing on launching safe, cost-optimal, and high-performance RF power semiconductors in the global market.
Increasing traction of 5G networks is another revenue booster in the global RF power semiconductor market. 5G technology has already entered the global telecommunications industry and telcos are migrating their current network infrastructure to high-speed 5G services and networks. Companies in the RF power semiconductor market are manufacturing 5 G-compatible RF devices in keeping with the increasing application areas in the telecom industry.
Further, the increasing adoption of 5G services such as autonomous driving, augmented reality and virtual reality, artificial intelligence, and ultra HD video is spurring global demand for and adoption of RFID.
Key Highlights from FMI’s Analysis and Forecast of the Global RF Power Semiconductor Market
- Increasing adoption of RF power semiconductors in the telecommunications industry will push revenues significantly in the next few years, with the global RF power semiconductor market projected to grow at a CAGR of 12% during the period 2018 to 2027.
- The RF power semiconductor market in Asia Pacific Excluding Japan is expected to be the dominant and most attractive regional market in terms of revenue, with a projected growth rate of 13.1% during 2018 – 2027.
- Revenue from the sales of RF power amplifiers is expected to surge in the coming years, and FMI estimates indicate this will remain the largest product type in the global RF power semiconductor market.
- Adoption of RF power semiconductors in the global telecommunications industry will be the highest in the near future, with the sector expected to record a value share of just under 42% by the end of 2018.
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Key Segments
By Product Type
- RF Power Amplifiers
- RF Switches
- RF Filters
- RF Duplexers
- Others RF Devices
By Industry
- Telecommunication
- Consumer Electronics
- Automotive
- Aerospace & Defence
- Medical
- Others
Key Regions covered:
- North America
- Latin America
- Europe
- APEJ
- Japan
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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