RF Power Semiconductor Market - Forecasts from 2024 to 2029

The RF power semiconductor market is projected to grow at a CAGR of 8.52% to reach US$36.002 billion by 2029, from US$23.922 billion in 2024.

RF or Radio Frequency is a measurement technique that is used to ascertain the oscillation rate of electromagnetic radio waves. The frequency of electromagnetic radio waves ranges from 300 GHz to as low as 9 kHz. The radio waves are used mainly for wireless communication with the use of antennas and transmitters. The radio-frequency power semiconductor is a device that is used as a switch or rectifier in power electronics for wireless communication.

Additionally, the gallium arsenide material is expected to hold a dominant market share of RF power semiconductors due to its wide use in smartphone RF components. It has high thermal stability and electron mobility, with low noise which has caused to rise in its popularity in the market. Further, the end-user industries such as automotive, consumer electronics, aerospace, and defense will witness a rise in the utilization of RF power semiconductors for multiple purposes.

Further, the rising employment of 5G technology and the rising demand for wireless networks will contribute to the market expansion in the coming years. However, the high cost of production with a low profit margin could discourage companies from exploring RF power semiconductor technology which could restrain the market.

RF power semiconductor market drivers

• Increasing employment of wireless networks to boost the demand for RF power semiconductors globally.

The prime factor that drives the global market of RF power semiconductor devices includes the wide employment of wireless networks such as long-term evolution (LTE) and 5G across computing devices.

Apart from this, the increasing use of electronic devices such as tablets and smartphones and the intensive adoption of RF power in lighting applications also stimulate the global growth of the market significantly.

Moreover, RF power semiconductors are extensively utilized in cellular and mobile phone applications and these RF devices are fundamental components in all base stations for cellular and mobile wireless infrastructure, which will contribute to fuelling the market expansion in the coming years. According to Techjury data on IoT insights of 2023, IoT gadgets are anticipated to account for 14.4 billion by 2023 globally, with 27 billion associated by 2025, which will further grow the amount to 25.4 billion IoT devices by 2025. Over 400 dynamic IoT platforms are in utilization, and 5G innovation is anticipated to increment IoT with 1.3 billion memberships by 2023. The rapidly increasing requirement for cellular and mobile wireless will positively impact to the market growth.

RF Power Semiconductor Market Geographical Outlook:

• The Asia Pacific region is predicted to hold a significant RF power semiconductor share.

Asia Pacific will be the fastest-growing region owing to the increasing penetration of the 5G network, especially in countries such as Japan, India, and China. Moreover, the rapid urbanization and industrialization such as the consumer electronics industry, and automotive industry in the region will promote the requirement for high-speed connectivity fuelling the demand for RF power semiconductors. The major regional players developing new products are also influencing the region's market expansion.

For instance, in February 2024, Mitsubishi Electric planned to release a prototype of its 6.5W silicon RF high-power MOSFET for commercial handheld two-way radios. This sample, which accomplishes an industry-leading 6.5W yield power from a 3.6V single-cell lithium-ion battery, is anticipated to expand the range and decrease power utilization of commercial radio hardware. The commercial radio industry is anticipated to design higher-power items utilizing these batteries, which are less costly than traditional 7.2V batteries.

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Report Coverage:

• Historical data & forecasts from 2022 to 2029
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
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RF Power Semiconductor market is analyzed into the following segments:

By Product

• RF Power Amplifiers
• RF Passives
• RF Duplexers
• RF Switches
• Others

By Material

• Silicon
• Gallium Arsenide
• Silicon-Germanium
• Gallium Nitride
• Silicon Carbide
• Indium Phosphide

By Application

• Aerospace & Defense
• Automotive
• Medical
• Consumer
• Telecommunication and Data Communication
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• Indonesia
• Taiwan
• Thailand
• Others