PUNE, India --- The report "RF Power Semiconductor Market by Product (Power Amplifiers, Passives, Switches, and Duplexers), Material (Silicon, Gallium Nitride, and Gallium Arsenide), Frequency, Application (Consumer, and Aerospace & Defense), and Geography - Global Forecast to 2022", published by MarketsandMarkets, The market is expected to grow from USD 10.57 Billion in 2015 to USD 31.26 Billion by 2022, at a CAGR of 15.4% between 2016 and 2022.
The use of power amplifiers for long-term evolution (LTE) has increased with the growing demand for LTE. The transition to LTE would require a significant investment in the market as the core networks would also need to change for the upgradation of the wireless standard. This would also drive the demand for RF power devices, which would boost the growth of the RF power semiconductor market. The increased use of smartphones is another major factor driving the growth of the RF power semiconductor market.
RF power amplifiers to play a key role in the RF power semiconductor market
The RF power amplifiers are expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022 owing to the increasing adoption of power amplifiers across the globe. The growing preference for wireless connectivity has driven the use of RF power devices in wireless connectivity. The RF power amplifiers have applications in sectors such as aerospace & defense, automotive, medical, telecommunication and data communication, and consumer among others.
Consumer application held the largest market share in 2015
The consumer application is expected to hold the largest market share and dominate the RF Power Semiconductor Market between 2016 and 2022. The growing use of smartphones and demand for faster data rates are the major drivers for the RF power semiconductor market in the consumer sector. The growth of LTE is also one of the major drivers for the growth of the RF power semiconductor market.
APAC expected to hold the largest market share and grow at the highest rate
APAC is expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022. The established electronics industry and adoption of innovative technologies are the reasons for the high growth rate in the region. The RF power semiconductor market in Asia-Pacific is expected to grow at a high rate in consumer, telecommunication and data communication, and medical sectors among others. The increasing number of players in the region is further expected to drive the growth of the APAC RF power semiconductor market.
The key players in RF power semiconductor market include Infineon Technologies AG (Germany), M/A-COM Technology Solutions Holdings, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Qorvo, Inc. (U.S.), Broadcom Limited (U.S.), Toshiba Corporation (Japan), Qualcomm Inc. (U.S.), Skyworks Solutions, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), and Murata Manufacturing (Japan).
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