RF Power Semis to reach $31.26 Billion by 2022
The RF power semiconductor market is estimated to grow from $10.57 billion in 2015 to $31.26 billion by 2022, at a CAGR of 15.4 percent between 2016 and 2022.
This is the prediction of a new report by Markets and Markets, 'RF Power Semiconductor Market by Product, Material, Frequency, Application, and Geography - Global Forecast to 2022', which says that the rapid growth of the smartphone market, increased use of LTE, and increased use of RF power for lighting applications are driving growth.
RF power amplifiers held the largest share of the RF power semiconductor market in 2015. And while the market was dominated by GaAs power devices, GaN is expected to grow at the highest CAGR.
The frequency band 10 GHz to 20GHz is expected to hold the largest market size during the forecast period. This band is used by satellite communications, some fixed and broadcast services, backhauls, and for satellites from remote locations for editing and broadcasting to a TV network studio.
The APAC region is the leading region in terms of market size in the worldwide RF power semiconductor market. The established electronics industry in the APAC region is the major driving factor for its growth.
Furthermore, the low manufacturing and developing costs in APAC countries such as Taiwan, Malaysia, and China also propel the growth of the RF power semiconductor market in the region.
However, the RF power semiconductor market is a highly fragmented market, which reduces the price margin of the RF device suppliers. The increase in the cost of RF devices with performance improvement is another restraint.
