Market Size of RF Power Semiconductor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 13.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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RF Power Semiconductor Market Analysis
The RF power semiconductor market is expected to register a CAGR of 13.25%, during the forecast period (2021 - 2026). The growing adoption of RF power semiconductors in smartphones and usage of 5G is one of the major factor growing the demand. With the increase in the need for higher data rates and greater spectral efficiency, the demand for high-speed mobile broadband internet is increasing. This has led to the implementation of LTE, which is further expected to boost the expansion of the RF power market.
- The growing adoption of effective management solutions in the power industry is also attracting many vendors to innovate sector oriented products. This is further expanding the scope for RF power semiconductor devices. For instance, Cadence Design Systems, Inc. announced that it had enhanced the Cadence Voltus IC Power Integrity Solution with an extensively parallel (XP) algorithm option employing distributed processing technology for power grid signoff at advanced-node process technologies.
- The rising trend of digitalization and increase in smart city projects in various countries across the world is also creating potential opportunities for the growth of the RF power semiconductor market. Increase in usage of RF power devices in various lighting applications is also driving growth in the global RF power market.
- However, issues related to the high cost of RF power due to improved performance are estimated to challenge the growth of the market. For instance, in October 2018, Cree, Inc announced that it has signed a strategic long-term agreement to produce and supply its Wolfspeed silicon carbide wafers to one of the world's leading power device companies.
