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RF Semiconductor Market To Generate Revenue Worth $5.0 Billion by 2030

Published Date:   June 2020

The growing demand for smartphones and surging adoption of the internet of things (IoT) technology are positively driving the global RF semiconductor market. It is expected to generate $5.0 billion in revenue by 2030, advancing at a CAGR of 8.8% during the forecast period (2020­–2030).

The COVID-19 outbreak has disrupted the supply chain of components, thus impacting the original equipment manufacturers (OEMs) in China and other countries, which, in turn, has affected the global shipments. The pandemic has forced a slowdown in the supply chain, which has further delayed the deployment and expansion of the 4G and 5G networks in many countries.

Gallium Arsenide Category To Hold Largest Share throughout Forecast Period

The RF semiconductor market, based on material, is classified into gallium arsenide (GaAs), silicon (Si), gallium nitride (GaN), indium phosphate (InP), and silicon–germanium (SiGe). Among these, the GaAs category held the largest share in 2019, because of the low power consumption, less power dissipation, high temperature and voltage tolerance, and high efficiency of GaAs RF semiconductors.

In the RF semiconductor market, on the basis of component, has been categorized into power amplifiers, filters, low-noise amplifiers (LNA), tuners, switches, and others. Among these, power amplifiers generated the highest revenue in 2019. The power amplifier is one of the major components of consumer electronics and telecommunications equipment. The consistent growth in the demand for smartphones, tablets, laptops, gaming consoles, surveillance systems, networking equipment, and IoT devices, along with rapid infrastructure development, is driving the demand for power amplifiers.

Geographically, the Asia-Pacific (APAC) region held the largest share in the RF semiconductor market in 2019, and it is expected to remain dominant during the forecast period. The rapid adoption of wireless communication devices, emerging IoT technology, rising demand for video streaming, and swift digitization are resulting in the notable market growth in the region.

Market Players are Focused on Product Launches to Drive Success

Key players in the RF semiconductor industry are relying on product launches to consolidate their market position. For instance, in October 2019, Qualcomm Incorporated launched Snapdragon X55 5G Modem-RF System. It provides a comprehensive, fully integrated modem-to-antenna 5G solution, which is engineered to streamline product development for multiple mobile broadband product categories, including sub-6 GHz, mmWave, and extended-range mmWave customer-premises equipment (CPE) devices.

Browse report overview with detailed TOC on "RF Semiconductor Market Research Report: By Wafer Size (<200 mm, 200 mm, 300 mm), Frequency Band (VHF & UHF, SHF, EHF), Component (Power Amplifiers, Tuners, Low Noise Amplifiers, Filters, Switches), Material (Gallium Arsenide, Silicon, Gallium Nitride, Indium Phosphate, Silicon Germanium), Operating Voltage (<5 V, 5–20 V, >20 V), Application (Consumer Electronics, IT & Telecommunications, Aerospace & Defense, Satellite Communications) - Global Industry Analysis and Growth Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report

Some of the major players operating in the global RF semiconductor market are Infineon Technologies AG, Texas Instruments Incorporated, Analog Devices Inc., STMicroelectronics N.V., Qorvo Inc., Broadcom Inc., Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Skyworks Solutions Inc., Samsung Electronics Co. Ltd., On Semiconductor Corporation, NXP Semiconductors N.V., Nokia Corporation, Murata Manufacturing Co. Ltd., Huawei Technologies Co. Ltd., Fujitsu Limited, and ZTE Corporation.