The global RF Power Semiconductor Market is estimated to be valued at US$ 20.3486 Bn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
RF power semiconductors are used in applications that require high power transfer capabilities, such as wireless telecommunications infrastructure equipment, military, and industrial systems. RF power semiconductor materials include gallium nitride, gallium arsenide, and silicon. Gallium nitride has emerged as the preferred material due to its ability to operate at high frequencies and power levels. RF power semiconductors are used in wireless communications infrastructure equipment for 4G/LTE and 5G networks as they deliver the power handling capability required to transmit voice and data signals over long distances. RF power transistors primarily used in RF power amplifier modules that boost the power in transmitters of 4G/LTE and 5G base station equipment.
Market key trends:
One of the key trends in the RF power semiconductor market is rising demand for 5G infrastructure and mobile devices. The adoption of 5G technology requires more equipment with greater processing power and bandwidth to support higher data rates. This is expected to drive the demand for RF power components that can handle the vast amount of data transmission associated with 5G networks.semiconducotrs that operate at mmWave frequencies are critical for 5G as they offer wider bandwidths. Additionally, increasing demand for WiFi 6 routers and access points as well as growing adoption of IoT devices is also augmenting the growth of the RF power semiconductor market. Gallium nitride RF power components are positioning themselves as the technology of choice compared to other materials like silicon or gallium arsenide due to their higher efficiency and durability under extreme heat and voltage conditions.
Increasing deployment of new communication technologies will continue to drive innovation in RF power semiconductor materials and devices.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to the high level of technical expertise required to manufacture RF power semiconductors and significant capital investment needed to achieve economies of scale.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the presence of a large number of buyers in industries like telecom, automotive, and military & defense that use RF power semiconductors. However, buyers have limited influence due to differentiated products.
Bargaining power of suppliers: The bargaining power of suppliers is low as the manufacturing of RF power semiconductors requires a sophisticated process and there are sufficient substitute materials available.
Threat of new substitutes: The threat of new substitutes is low as RF power semiconductors have established applications and substitutes will require high R&D investments.
Competitive rivalry: The competitive rivalry is high due to the presence of major players competing on the basis of technology innovation, product quality, and pricing.
Key Takeaways
The global Rf Power Semiconductor Market Size is expected to witness high growth, exhibiting CAGR of 8.7% over the forecast period, due to increasing demand for 5G infrastructure and next-generation wireless communication technologies.
Regional analysis: Asia Pacific dominates the market and is expected to grow at the fastest rate during the forecast period. This high growth is attributed to the increasing demand from communications infrastructure and adoptio
n of new wireless networks in countries such as China and India. North America and Europe hold a significant market share due to technological advancements and increasing applications of RF power semiconductors across industries.
Key players operating in the RF Power Semiconductor market are Infineon Technologies, Ampleon, Qorvo, Wolfspeed (Cree), Ampleon Netherlands, Broadcom, EPC, Fujitsu Semiconductor, Integra Technologies, MACOM, Microchip Technology, RFHIC, Sumitomo Electric Device Innovations, Toshiba, WIN Semiconductor. Key players are focusing on enhancing their technology expertise through heavy R&D investments to gain a competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
