Press release
RF Power Amplifier Market Highlighting Regional Revenue, Share & Growth Dominance during 2018-2028|| Top Market players- MACOM, NXP Semiconductors, Broadcom, Analog Devices Inc., Maxim Integrated
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The semiconductor industry has been witnessing massive expansion over the past decade, and one of the key push factors is rapid emergence and popularity of the industrial IoT technology. Similarly, with the flourishing consumer electronics sector, semiconductor products such as RF power amplifier have been experiencing visible traction worldwide. Enhancing the bandwidth and functionality of electronics devices has been one of the most sought after applications of an RF amplifier.
Moreover, consistently augmenting ICT expenditure will continue to fuel the demand for RF amplifier in the near future. According to the global RF power amplifier market intelligence released by FACT.MR, the low price point of chemicals and materials enable the semiconductor industry to witness high growth at a double digit CAGR. Such a scenario observed in the recent years is foreseen to pose a cascading effect on the growth of RF power amplifier market in the near future.
Bringing Legacy Platforms into Today’s Operations: A Key Opportunity/Challenge for Companies
RF power amplifier manufacturers are focusing on increasing investments in technology upgrades. The onus has shifted to revamp legacy models to improve operational efficiency. Evolving end-user demand has also meant that manufacturers have to make consistent size/weight reductions, while increasing the power density of amplifiers. Investment into R&D to develop the next generation of multi-mode RF power amplifiers.
FACT.MR Anticipates 3.2X Expansion of Global RF Power Amplifier Market Revenue through 2028
Over the 10-year assessment period, the global RF power amplifier market has been predicted to see vigorous growth. Fact.MR estimates a robust CAGR of 12.2% for the global RF power amplifier market between 2018 and 2028, enabling the market revenue to take a leap beyond US$ 10 billion by the end of 2028. According to Fact.MR forecast for the global market for RF power amplifier, the market will witness 3.2X expansion during the projection period, in terms of value.
Rapid development in the network infrastructure, global expansion of cellular networks, and increasing M2M communication technology are identified to contribute significantly in driving the growth of RF power amplifier market over the forecast period, 2018-2028. Moreover, increasing demand for RF power amplifier in satellite communication applications will further drive the growth of RF power amplifier market through 2028.
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Impressive 5G Adoption to Pave the Way for RF Power Amplifier Market Growth
With the telecom giants migrating to 5G networks and high-speed services, the RF power amplifier market has encountered another strong revenue generation channel. A number of RF power amplifier manufacturers have already started production of 5G-compatible RF solutions, strongly supporting the growth of RF power amplifier market over the past few years. A sizeable chunk of smartphone users is data-intensive and account for the consumption of massive data volumes, encouraging early adoption of 5G-enabled services such as AR and VR, AI, autonomous driving, and ultra-HD video. Such advances in technology will continue to boost the growth of RF power amplifier market.
Competitive Landscape Analysis: Global RF Power Amplifier Market
The global RF power amplifier marketplace is highly consolidated, and the tier 1 companies continue to collectively hold a massive share of the total market value. FACT.MR highlights significant regional coverage of the tier one vendors in the RF power amplifier market. Tier 2 companies on the other side, will continue to capture a relatively lower value share in the global RF power amplifier market, despite representing a considerable regional coverage. FACT.MR anticipates tier 2 players to focus on strengthening their product portfolio in the near future. Tier 3 vendors of RF power amplifier include local or regional new entrants. With limited market presence, these companies are constantly striving to keep abreast with the latest technology trends in the market.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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