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RF Power Amplifier Market Exhibits Higher Growth Prospects during 2018-2028 | Key Players are BONN Elektronik GmbH, CML Microcircuits, Skyworks Solutions Inc., etc.
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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.
Over the 10-year assessment period, the Global RF Power Amplifier Market has been predicted to see vigorous growth. FactMR 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 FactMR 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.
The recent past has been experiencing massive demand for wireless network infrastructure, strongly backed by the emergence and evident popularity of wireless mobile phone systems. RF power amplifier market is likely to continue witnessing a slew of opportunities in the near future as well, following the constant surge in the number of subscribers and new application areas of the wireless technology.
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With continual increase in the sales of power efficient semiconductor products, it is most likely that wireless systems will also continue to encounter increasing adoption opportunities. Extensive analysis of the global RF power amplifier market reveals that a majority of manufacturers are concentrating on the development of safer, affordable, and high-performance RF power amplifier devices, looking at the briskly thriving consumer mass markets for mobile phone systems and wireless connectivity infrastructure.
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.
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 FACTMR, 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.
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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research 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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