Pre & Post COVID-19 Market Estimates on RF Semiconductor Market Evolving Opportunities with Top Key Players

Largescale adoption of radio frequency (RF) semiconductors can be owed to the high penetration of smartphones. The usage of smartphones is rapidly increasing in developed as well as developing countries. The emerging economies, such as India, Nigeria, Indonesia, Pakistan, and China, are witnessing a significant rise in number of smartphone customers. This is attributed to the rising disposable income of the middle-class population and surging urbanization rate in these countries.

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Moreover, the widespread integration of internet of things (IoT) in the telecom sector to increase network capacity, will fuel the RF semiconductor market at a CAGR of 8.8% during 2020–2030. The market was valued at $2.1 billion in 2019 and it is expected to reach $5.0 billion by 2030. IoT helps in building an interconnected network of physical entities, such as smart devices, through secure networks, by using RF technologies. For example, RF transceivers are installed in smart home appliances to connect with the internet using Wi-Fi or Bluetooth.

In recent years, the information technology (IT) and telecommunications sector has been the largest user of RF semiconductor components, due to the soaring data consumption, which requires continuous upgradation of telecom networks. Therefore, the booming number of 5G deals being signed by network providers and the improving mobile devices sector will accelerate the consumption of RF semiconductor devices in the IT and telecom industry, in the near future. This industry along with the consumer electronics sector use power amplifiers in large quantities to produce their equipment.

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According to P&S Intelligence, Asia-Pacific (APAC) will lead the RF semiconductor market in the foreseeable future. This can be ascribed to the burgeoning demand for smartphones and deployment of 5G in nations like Japan, South Korea, and China. The increasing demand for RF semiconductor components in China is due to the high 5G deployment rate in the country, on account of the Made in China 2025 initiative. The roadmap of this initiative envisages that 5G services will play a transformative role in making China as the leader of new technologies like AI, IoT, and cloud computing.

Thus, the rising penetration of smartphones and the amplifying usage of AI and IoT technologies will accelerate the adoption of RF semiconductor devices in the coming years.

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This release was published on openPR.