$26.2 Billion RF Semiconductor Market by Device, Frequency Band, Material Application, and Region - Global Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.

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%.

One of the major driving factors for the market growth is the increasing demand for RF devices for smartphones. Also, due to the rising penetration of LTE and advanced technologies, the need for RF semiconductors is increasing. Moreover, the increasing importance of advanced RF devices in radar and electronic warfare systems is driving the growth of the RF semiconductor industry. However, the rising cost of RF devices with performance improvements restrain market growth.

Based on material, RF semiconductor market for gallium nitride to grow at the highest CAGR during the forecast period

The demand for gallium nitride (GaN)-based RF semiconductors is expected to grow at the highest CAGR during the forecast period. GaN exhibits several characteristics, such as high breakdown voltage, high power density, high-frequency operation, high efficiency, and excellent thermal conductivity properties. In the higher frequencies being utilized for 5G, GaN is 10% to 15% more efficient than LDMOS/Silicon devices. Hence GaN will gain traction for 5G applications, particularly for base station power amplifiers. This is expected to drive the market for gallium nitride during the forecast period.

Based on frequency band, VHF & UHF to hold significant share from 2020 to 2025

The VHF & UHF frequency bands are expected to hold the largest market share during the forecast period. These bands are considered to be one of the most important frequency bands for modern wireless communication systems. The growing demand from CATV & wired broadband application along with the increasing penetration of LTE technology across the world are expected to be the key drivers for the RF semiconductor market for VHF & UHF frequency bands during the forecast period.

APAC RF semiconductor industry to grow at significant CAGR during the forecast period

The RF semiconductor industry in APAC is expected to grow at the highest CAGR during the forecast period. The region is experiencing increasing penetration of LTE technology. Also, RF semiconductors are in massive demand for consumer devices applications in countries like China, Japan, and South Korea, which in turn, is expected to boost the RF semiconductor market in the region. Increasing the focus of governments for the development of infrastructure to support 5G technology is expected to surge the demand for RF semiconductors across APAC.

Market Dynamics

Drivers

• Increasing Demand for RF Devices for Smartphones
  
• Increasing Importance of Advanced RF Devices in Radar and Electronic Warfare Systems
  
• Increasing Penetration of LTE and Advanced Technologies
  

Restraints

• Increasing Cost of RF Devices With Performance Improvement
  

Opportunities

• Increasing use of GaN-Based RF Devices With Evolution of 5G Technology
  
• Growing Demand for RF Devices From Automotive Application
  
• Increasing Application of RF Energy
  

Challenges

• Design Challenges for RF Devices Operating at Higher Frequency
  

Company Profiles

• Qorvo
• Skyworks
• Qualcomm
• Analog Devices
• NXP Semiconductors
• Cree
• MACOM
• Microchip Technology
• Murata Manufacturing
• Texas Instruments
• Maxim Integrated
• Mercury Systems
• Mitsubishi Electric
• ON Semiconductor
• RFHIC
• Richwave
• Stmicroelectronics
• Sumitomo Electric Drive Innovations
• TDK Electronics
• Teledyne
• Toshiba

For more information about this report visit https://www.researchandmarkets.com/r/3wobhv