Aerospace and Defense is Expected to Dominate the Global RF Power Semiconductor Market
The
growing adoption of RF power semiconductors in smartphones and usage of 5G is a
major factor attributable to the growth of the market.
According
to TechSci Research report, “Global RF Power Semiconductor Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global RF Power Semiconductor is anticipated to
project robust growth in the forecast period with a CAGR of 14.02% through 2028. The growing adoption of
effective management solutions in the power industry is also attracting many
vendors to innovate sector oriented products. This is further expanding the
scope for RF power semiconductor devices. For instance, Cadence Design Systems,
Inc. announced that it had enhanced the Cadence Voltus IC Power Integrity
Solution with an extensively parallel (XP) algorithm option employing
distributed processing technology for power grid signoff at advanced-node
process technologies.
The
rising trend of digitalization and increase in smart city projects in various
countries across the world is also creating potential opportunities for the
growth of the RF power semiconductor market. Increase in usage of RF power
devices in various lighting applications is also driving growth in the global
RF power market.
The
growing adoption of RF power semiconductors in smartphones and usage of 5G is
one of the major factor growing the demand. With the increase in the need for
higher data rates and greater spectral efficiency, the demand for high-speed
mobile broadband internet is increasing. This has led to the implementation of
LTE, which is further expected to boost the expansion of the RF power market.
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Based
on Application, Aerospace and Defense
Sector will dominate then market. The modernization of defense equipment has
led to the requirement for high-power semiconductor devices, such as GaN RF and
LDMOS devices. ICs used in radar boards incorporate GaN that enables efficient
navigation, facilitate collision avoidance, and enable real-time air traffic
control. RF power amplifiers used in the radar systems are low on power and
performance. The bandwidth performance and efficiency of RF power devices are
substantially higher and thus, are used in the radars deliver higher performance
in terms of power and radar range. This reduces the number of radar systems
required to monitor the same perimeter, thereby cutting cost. Thus, the demand
for RF power devices is set to grow in the defense sector during the forecast
period. Moreover, rising focus of the
Europe Space Agency (ESA) on the increased usage of GaN across space projects
and the use of GaN-based transistors in the military and defense sectors will
help the RF power market to gain traction over the forecast period.
Based
on Region, Asia Pacific will dominated the market. Asia-Pacific’s established
electronics industry and the adoption of innovative technologies have provided
organizations in the region a competitive edge in the market. Increasing
production of electric vehicles in Asia-Pacific is expected to drive the demand
for RF GaN, which in turn, may boost the market for RF power in the region.
China is the largest maker of electric vehicles. In 2018, it sold 28,081,000,
including buses and commercial vehicles, according to the China Association of
Automobile Manufacturers. Increase in demand for better cellular networks from
China, India, South Korea, Taiwan, and Malaysia and the increasing production
of semiconductor devices will drive the market’s growth prospects in this region.
According to Ericsson, the estimated number of smartphone subscription is
maximum in Asia-Pacific (excluding China and India) with USD 1575 million in Q1
2018. This adoption rate will drive RF device manufacturers to develop
high-performance RF filters that can cater to the needs of smartphone and
tablet OEMs, thus further stimulating the market growth in this region.
Key
market players in the Global RF Power
Semiconductor Market are following:-
- Aethercomm
Inc.
- Analog
Devices Inc.
- Cree
Inc.
- M/A-COM
Technology Solutions Holdings Inc.
- Mitsubishi
Electric Corporation
- NXP
Semiconductors NV
- Qorvo
Inc.
- Qualcomm
Inc.
- Murata
Manufacturing Co. Ltd
- STMicroelectronics
NV
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“The
global RF (Radio Frequency) Power Semiconductor market is driven by several key
factors that collectively shape its growth and development. Firstly, the rapid
proliferation of wireless communication technologies, particularly the
deployment of 5G networks, is a primary driver. 5G's higher frequency bands
demand advanced RF power amplifiers and transmitters, increasing the demand for
RF power semiconductors. Additionally, the Internet of Things (IoT) expansion
fuels the market as RF power semiconductors enable long-range communication for
IoT devices. The automotive industry's integration of wireless communication
features, along with the growth of consumer electronics and industrial
automation, further drives demand. Technological advancements, including
Gallium Nitride (GaN) and Silicon Carbide (SiC) adoption, enhance performance
and efficiency, while emerging markets and supply chain resilience also play
vital roles. In essence, the demand for efficient and high-performance RF power
semiconductors across diverse sectors and applications propels the market's
growth and innovation.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management
consulting firm.
RF Power
Semiconductor Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented by Technology (LDMOS, GaAs, GaN), Application (Telecom
Infrastructure, Aerospace and Defense, Wired Broadband, Satellite Communication,
RF Energy (Automotive), Other), By Region, Competition 2018-2028 has evaluated the future growth
potential of Global RF Power
Semiconductor Market and provides statistics and information on market
structure, size, share, and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities present in the Global
RF Power Semiconductor Market.
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