According to the new market research report "RF Semiconductor Market by Device (Filter, Power Amplifier, Switch, Low Noise Amplifier), Frequency Band, Material (GaAs, GaN, Si) Application (Consumer Devices, Automotive, Telecommunication, Aerospace & Defense), and Region - Global Forecast to 2025", The global RF semiconductor market size is expected to grow from USD 17.4 billion in 2020 to USD 26.2 billion by 2025, at a CAGR of 8.5%. The growing penetration of LTE and advanced technologies has resulted in the increased demand for RF semiconductors. Other drivers for the RF semiconductor industry growth include the increasing demand for RF devices for smartphones and the growing importance of advanced RF devices in radar and electronic warfare systems.
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APAC is expected to dominate the RF semiconductor market during the forecast period
APAC is likely to continue to lead the global RF semiconductor industry from 2020–2025. The growing penetration of LTE and 5G technology in the region, along with the strong demand for RF semiconductors from consumer devices application, is expected to drive the RF semiconductor market in APAC.
China is expected to hold the largest market share and is likely to witness the highest CAGR in the RF semiconductor market during 2019–2025. China has a considerable demand for smartphones, wearable devices, and other connecting devices. China’s five-year-plan for the year 2016-2020 and initiatives such as Made in China 2025 have identified 5G as a strategic emerging industry. The Ministry of Industry and Information Technology in China announced in December 2019 that 5G coverage for all prefecture-level cities is expected to rolled-out by the end of 2020. This is expected to provide a significant boost to the RF semiconductor market in China.
Key Market Players
Major companies in the global RF semiconductor market are Qorvo (US), Skyworks (US), Analog Devices (US), Qualcomm (US), NXP Semiconductors (Netherlands), Cree (US), MACOM (US), Microchip Technology (US), Murata Manufacturing (Japan), Texas Instruments (US), Maxim Integrated (US), Mercury Systems (US), ON Semiconductor (US), RFHIC (South Korea), RichWave (Taiwan), STMicroelectronics (Switzerland), Sumitomo Electric Drives Innovations (Japan), TDK Electronics (Germany), Teledyne (US), Mitsubishi Electric (Japan), and Toshiba (Japan).
Qorvo is among the leading suppliers of RF solutions with broad product portfolio serving applications such as defense, base station, Wi-Fi customer premises equipment, automotive, and smart home IoT. The company is a major supplier of GaN-based products to the global defense and aerospace serving the US government through contracts with the Defense Advanced Research Project Agency, the Air Force Research Laboratory, and the Office of Naval Research. The company is also helping the industry with the ongoing 5G field trials with its current product portfolio. Qorvo has widespread presence across the world with engineering and manufacturing facilities located in North America, Europe, and Asia. It also has global sales and engineering support network to serve its customers efficiently. The company is developing and investing in GaN process technologies for manufacturing new GaN-based products exploiting GaN’s performance advantages.
SHF frequency band to witness the highest CAGR in the RF semiconductor market during the forecast period
The demand for the SHF frequency band is expected to grow at the highest CAGR from 2020–2025. 5G technology is one of the primary applications for this frequency band, and this frequency band is also used for backhauls and cellular base stations. The 5G technology is expected to be operated in the frequency range of 3.3–3.8 GHz for initial services, and hence the demand for RF semiconductor devices operating in the SHF is expected to grow significantly during the forecast period.
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