June 24, 2024
RF Power Semiconductor Market

RF Power Semiconductor Market Is Expected To Be Flourished By Growing Demand For 5G Connectivity Infrastructure

Radio frequency (RF) semiconductors are used primarily in wireless communication systems where they produce, detect and amplify high-frequency radio signals. They play a vital role in wireless systems enabling radio, television, mobile phones, Bluetooth, Wi-Fi and other wireless technologies. RF power semiconductors are integral components in 5G infrastructure rollout as they are used in cellular base stations and telecommunication towers to transmit signals between the mobile network and user devices. With the increasing deployment of 5G networks worldwide to realize the full potential of technologies like IoT, mobile broadband, mission critical communications and more, the demand for RF power semiconductors is set to rise sharply in the coming years. The global RF power semiconductor market is estimated to be valued at US$ 20.35 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Growing Demand for 5G Connectivity Infrastructure
One of the primary drivers propelling the growth of the RF power semiconductor market is the growing deployment of 5G infrastructure across the globe. 5G connectivity promises a revolutionary transformation bringing benefits like ultra-low latency, high speed, massive connectivity and more. However, it requires dense networks of small cells and routers supported by high-power RF semiconductors. As the number of 5G base stations multiplies globally to realize the full potential of 5G technologies, the demand for RF power transistors and modules is surging. Additionally, expanding mobile data traffic volumes are prompting telecom operators to upgrade and expand existing cellular infrastructure which will further contribute to market growth over the forecast period.

Segment Analysis

The RF power semiconductor market can be segmented into modules, discretes, and wafers. The discrete segment currently dominates the market and accounts for over 50% share owing to its wide application areas such as wireless communication, aerospace & defense, consumer electronics, among others. Discretes provide designers flexibility to choose power levels and frequencies as per application requirements.

PEST Analysis

Political: Stringent regulations regarding emissions can boost demand for energy efficient RF power semiconductors. Also, increasing defense budgets will fuel the adoption.
Economic: The rising disposable income is leading to increasing sales of consumer electronics and automotive. This will positively influence the RF power semiconductor market.
Social: Growing population and urbanization is driving demand for high speed internet connectivity and mobile communication services. Increasing consumer preference for IoT will also benefit market growth.
Technological: Advances in 5G technology, emergence of Internet of Things, and automotive radar application will open new avenues for RF power semiconductors.

Key Takeaways

The global RF Power Semiconductor Market Growth is expected to witness high growth.

Regional Analysis:

The Asia Pacific region currently dominates the market and is expected to maintain its lead position over the forecast period owing to factors such as growing electronic and telecommunication industries, government initiatives to develop indigenous manufacturing capabilities.

Key players operating in the RF power semiconductor market are Stanley Black & Decker,Milwaukee Tool, DEWALT, Techtronic Industries, Robert Bosch GmbH, Cooper Industries, Honeywell International Inc., 3M, Larson Electronics, and Streamlight Inc. Stanley Black & Decker and Robert Bosch GmbH are some of the prominent players in the market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it