APEJ to Dominate the Global RF Power Semiconductor Market During the Forecast Period

Future Market Insights (FMI) recently published a report titled “RF Power Semiconductor Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027.” RF power semiconductors are devices or modules that increase the power of the signal of a certain radio frequency. In this report, the RF power semiconductor market includes RF power devices and modules such as RF power amplifiers, RF switches, RF filters, RF duplexers and other RF devices that are used by various industries such as telecommunication, aerospace & defence, automotive and consumer electronics.

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The global RF power semiconductor market is expected to grow at a CAGR of 12.0% during the forecast period. The RF power semiconductor market was valued at US$ 10,762.6 Mn in 2017, and is projected to grow significantly to reach US$ 33,204.2 Mn by 2027 due to an increase in the demand for next-generation LTE networks and rapid development in the network infrastructure across the globe.

In this report, FMI has segmented the global RF power semiconductor market on the basis of product type, industry and region. By product type, the RF power semiconductor market is segmented into RF power amplifiers, RF switches, RF filters, RF duplexers and other RF devices. The RF power amplifier sub-segment is expected to grow at a relatively higher CAGR as the demand for RF power amplifiers is growing rapidly owing to an increase in the mobile workforce and growth in the need for new RF features in smartphones and tablets.

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The increasing penetration of LTE networks and growth in the number of mobile broadband subscriptions are among the major factors driving the RF power semiconductor market. Furthermore, the rising trend of digitalisation and increase in the number of smart city projects in various countries around the world are also creating potential opportunities for the growth of the RF power semiconductor market. The proliferating penetration of network technologies and the emergence of higher-generation networks are also driving the RF power semiconductor market. Owing to these factors, the RF power amplifier sub-segment is projected to register double-digit growth during the forecast period in the global RF power semiconductor market.

Based on industry, the RF power semiconductor market is sub-segmented into telecommunication, consumer electronics, automotive, aerospace & defence, medical and others. Rapid development in network infrastructure and advancements in mobile communication technologies are some of the major factors promoting the growth of the telecommunication sub-segment. Furthermore, the telecommunication sub-segment is expected grow at a relatively higher CAGR during the forecast period. The telecommunication sub-segment is also expected to capture the largest market share in global RF power semiconductor market.

Furthermore, on the basis of geography, the RF power semiconductor market is sub-segmented into North America, Latin America, Europe, Japan, APEJ (Asia Pacific Excluding Japan) and Middle East & Africa. The RF power semiconductor market in APEJ is expected to dominate the global RF power semiconductor market due to advancements in the next-generation communication technologies in various countries of the region. The RF power semiconductor market in Latin America and Middle East & Africa is also expected to grow at a high CAGR owing to the widespread deployment of IoT and telecommunication technologies in the past couple of years. Furthermore, Europe and North America are expected to capture a substantial market share of the global RF power semiconductor market owing to major technological advancements in the telecommunication industry and increase in the mobile workforce in various countries of the region.
According to FMI analysis, long-term contracts with business partners are likely to increase revenue and new innovation strategies, which will enable the manufacturers of RF power semiconductors to reach new growth markets. Moreover, the acquisition of businesses, technologies and products is also expected to help the manufacturers of RF power semiconductors accelerate revenue growth and create value for shareholders. Some of the market participants in the global RF power semiconductors market report include NXP Semiconductors; Analog Devices, Inc.; Qualcomm Technologies; MACOM; Broadcom; Maxim Integrated; Toshiba Corporation; Skyworks Solutions, Inc.; STMicroelectronics and Murata Manufacturing Co., Ltd.

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U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/

This release was published on openPR.