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RF Semiconductors Market Analysis And Forecast Till 2031 | TMR Report
1. Radio frequency (RF) semiconductors are widely accepted in wireless communication devices, as they enable efficient RF power amplification2. The advent of 5G mobile communications have boosted the importance of RF power semiconductors across the wireless communication market
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3. High-performance power semiconductors material, such as silicon carbide (SiC), gallium nitride (GaN), and gallium arsenide (GaAs), are playing a key role in the development process of 5G
4. Increasing demand and adoption of smartphones around the world is a major factor driving the RF semiconductor market
5. Adoption of mobile communication technologies, such as 4G and 5G, and use of Internet of Things (IoT) technologies is increasing, which in turn is estimated to propel the RF semiconductor market.
6. RF semiconductors are utilized in applications of electronic warfare, radar, wired broadband, satellite communication, optical networking, wireless networking and communications, wearable patient monitors, etc.
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Rise in Demand for RF Semiconductors in Automotive Industry
Based on end-use industry, the global market can be segmented into automotive, consumer electronics, telecommunication, healthcare, aerospace & defense, industrial, and others.
The automotive segment of the global RF semiconductors market is estimated to expand at a rapid pace during the forecast period due to an increase in use of RF semiconductors for vehicle-to-infrastructure (V2X) and vehicle-to-vehicle (V2V) communications
Low noise amplifiers are used in these vehicle radars that are installed in vehicles for advanced driver assistance purposes such as blind spot detection, lane departure warning systems, collision warnings, and automatic cruise control systems. This automotive radar is primarily a component of self-driving cars.
Development of 5G technology and the high demand for telematics and infotainment devices in the automotive industry are anticipated to drive the RF semiconductor market
Rapid adoption of IoT technology has boosted advancements of RF semiconductors owing to increasing need for robust network capacity
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Asia Pacific to Lead Global RF Semiconductors Market
In terms of region, the global RF semiconductors market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
Asia Pacific is projected to lead the global market during the forecast period due to expansion of LTE and 5G technology and strong demand for RF semiconductors in consumer device applications. Innovation in technologies are expected to increase the demand for RF semiconductors.
The RF semiconductors market in Asia Pacific is expected to expand at a high growth rate due to the presence of major players in the region and increased competition among them. The market in North America and Europe is likely to expand at a steady pace during the forecast period owing to reduced competition in the market in these regions.
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