RF Semiconductor Market To Reach $5.0 Billion In 2030: Reportlinker

- Advertisement -
  • It will exhibit an 8.8 per cent CAGR during the forecast period (2020–2030)
  • Geographically, the RF semiconductor market is being dominated by the Asia-Pacific region at the present time

The radio frequency (RF) semiconductor market is projected to reach a value of $5.0 billion in 2030, from $2.1 billion in 2019 as per a report by Reportlinker. It will exhibit an 8.8 per cent CAGR during the forecast period (2020–2030).

The market is growing primarily because of the surging deployment of the IoT technology, increasing demand for smartphones, and rising adoption of mobile communication technologies including 5G and 4G. The power amplifiers category contributed the largest revenue share to the global RF semiconductor market in 2019.

These are among the key components of telecommunications and consumer electronics equipment. Due to this, the rising demand for gaming consoles, laptops, tablets, smartphones, networking equipment, surveillance systems, and IoT devices are resulting in the increasing demand for power amplifiers. the swift infrastructural development in a number of countries is also predicted to drive the growth of this category during the forecast period.

- Advertisement -

Based on application, the market is divided into satellite communications, consumer electronics, aerospace and defense, and IT and telecommunications. The IT & telecommunications application held the major share of the market during the historical period (2014–2019).

The report added, “The surging consumption of data globally is leading to the high requirement for the upgradation of telecommunication networks. The division is then projected to lead the market during the forecast period due to the expanding mobile devices sector and increasing number of 5G deals.”

Dominated by the Asia-Pacific region

Geographically, the RF semiconductor market is being dominated by the Asia-Pacific region at the present time because of the increasing demand for smartphones and rising deployment of 5G in several countries. These include South Korea, China, and Japan. North America is expected to exhibit the highest CGAR during the forecast period. The surging penetration of internet, increased adoption of smartphones, and rising 5G deployment are resulting in the growth of the regional market.

The report added, “The surging demand and adoption of smartphones all across the globe is one of the primary driving factors of the RF semiconductor market. After the initial introduction of smartphones, their demands grew rapidly in developed countries, and now their adoption has been increasing considerably in emerging economies as well. The urbanization rate and spending power of people in countries including India, China, Indonesia, Pakistan, and Nigeria are growing rapidly, which in turn, are resulting in the growing demand for smartphones.”

Growing integration of AI

A major trend being witnessed in the RF semiconductor market is the growing integration of AI. The technology is helping businesses expand by improving customer experience and is also allowing predictive maintenance for enhancing network reliability.

AI can decrease the design complexities of RF semiconductor devices by making use of machine learning algorithms. These algorithms can further be utilized for optimizing RF parameters like spectrum monitoring, antenna sensitivity, and channel bandwidth. These enhancements in RF semiconductor devices is projected to result in the growth of the domain.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...
Gursaurabh Singh, Founder of Dhruv Vidyut

“Electrifying Rural Mobility- Converting Traditional Bicycles Into E-Bikes”

0
In a conversation with Nitisha Dubey from EFY, Gursaurabh Singh, the Founder of Dhruv Vidyut, discusses their conversion kit, which can transform any conventional...
Rahul Bollini, the Founder of Bollini Energy

“Formal Contracts For Long-Term Commitments Are Not Always Necessary”

0
Bollini Energy collaborates with various companies interested in understanding the complete value chain of Lithium-ion cells. They offer technical services that span from mining...

Buzz

FAME 3 Likely To Launch On Budget Day With INR 10k Cr Budget

0
People familiar with the discussions informed that the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme is likely to include support for electric...

Dixon Technologies Plans Multi-Million Dollar Investment In India

0
The domestic electronics manufacturer has planned 1500-1800 crores INR investment, seeks to venture into new sectors.  Dixon Technologies, a producer of e-components, recently disclosed its...

Clean Mobility Establishes Pune Facility For Zbee

0
Clean Mobility Solution India Pvt. Ltd. establishes a manufacturing facility in Pune to localise and indigenously produce the 'Made in India' Zbee, a three-wheeled...

Important Sectors

Setting UP Plant For Motors That Deliver 97% Efficiency

0
What can four students competing in Formula Student race teams achieve? Why would these students, originally focused on developing an electric two-wheeler brand, pivot...

FAME 3 Likely To Launch On Budget Day With INR 10k Cr Budget

0
People familiar with the discussions informed that the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme is likely to include support for electric...

Dixon Technologies Plans Multi-Million Dollar Investment In India

0
The domestic electronics manufacturer has planned 1500-1800 crores INR investment, seeks to venture into new sectors.  Dixon Technologies, a producer of e-components, recently disclosed its...

Clean Mobility Establishes Pune Facility For Zbee

0
Clean Mobility Solution India Pvt. Ltd. establishes a manufacturing facility in Pune to localise and indigenously produce the 'Made in India' Zbee, a three-wheeled...

VinFast Invests $2 Billion In India Expansion

0
Vietnamese electric carmaker VinFast expands across Asia, opening new factories in India and Indonesia, despite challenges in the competitive EV market and slowing global...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...