As per P&S Intelligence, this factor would be significant in propelling the global radiofrequency (RF) semiconductor market from $2.1 billion in 2019 to $5.0 billion by 2030, at an 8.8% CAGR between 2020 and 2030. An RF semiconductor consists of transceivers, amplifiers, switches, tuners, and filters, which are made from gallium arsenide, silicon, gallium nitride, and indium phosphate; RF semiconductors make wireless communication possible.
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The RF semiconductor market is divided into super-high frequency (SHF), very-high-frequency (VHF) & ultra-high frequency (UHF), and extremely high frequency (EHF) on the basis of a frequency band. Of these, the SHF category held the largest share in the industry, particularly on account of the increasing adoption of 5G around the world. As per Ericsson, in China and India, 41% of smartphone users intend to purchase a 5G connection as soon as the COVID-19 crisis comes to an end.
This market research report provides a comprehensive overview of the RF semiconductor market
- Historical and the present size of the RF semiconductor market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
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The major application areas where RF semiconductors are deployed are consumer electronics, IT & telecommunications, aerospace & defense, and satellite communications. Among these, IT & telecommunications is and will be the most important application area for these devices, on account of the growing demand for data and high transfer rates, which is impelling telecom companies to rapidly upgrade and expand their wireless infrastructure. In addition, an increasing number of telecom companies are offering 5G plans now, enabled by the usage of RF semiconductors in their infrastructure. Ericsson says that by 2025, 2.8 billion people will be 5G users.
Asia-Pacific (APAC) dominates the RF semiconductor market presently, and it will keep doing so in the coming years. This is attributed to the humongous smartphone sales and rapid smartphone and mobile internet penetration in regional countries. “Around 410 million additional smartphone users are expected in India by 2025.”, says the Ericsson Mobility Report. It also said that in 2018, mobile data traffic grew at a record rate in China and that between 2019 and 2025, the country will witness 170 million new smartphone subscriptions.
The research includes detailed analysis of;
Based on Design
- Single-Chip Transceiver
- Standalone-Chip Transceiver
Based on Type
- 5G Transceiver
- 4G Transceiver
- 3G Transceiver
- 2G Transceiver
Based on Application
- Mobile Devices
- Add-On Cards
- Embedded Modules
Based on Vertical
- Consumer Electronics
- Military & Defense
About P&S Intelligence
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