The global radio frequency semiconductor market is anticipated to grow at a CAGR of around 8.5% during the forecast period 2020 to 2027 and to reach around US$ 30.9 Bn by 2027.
Technological advancements in electronic sector, flourishing consumer electronics sector across the globe and wide applicability of radio frequency semiconductor in various end use industries are major factors expected to drive the growth of global market.
Automotive sector across the globe is witnessing rapid change; high penetration of electric vehicles and demand for vehicle with advanced safety and features is gaining importance. Players are focused on deploying advanced components that aid in vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2X) communications. Radio frequency semiconductors with short- and long-range millimeter-wave radars of frequency are widely used in vehicles. This is expected to positively impact the growth of target market.
Major players approach towards increasing the customer base and enhance the product portfolio through strategic merger and acquisitions are factors expected to boost the growth of target market.
Flourishing consumer electronics sector across the global and high demand for RF devices for smart phones are major factors expected to drive the growth of global radio frequency semiconductor market. In addition, high penetration of LTE technology along with increasing investment by major players for R&D activities is another factor expected to support the growth of target market.
However, factors such as high cost of devices and high complexity is manufacturing are expected to hamper the growth of global radio frequency semiconductor market.
Technological advancements by major players are innovative product offerings are factors expected to create new opportunities for players operating in the global market over the forecast period. In addition, increasing strategic agreements between regional and international players is expected to support the revenue traction of target market.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to increasing demand from telecommunication and aerospace & defense sector. In addition, high investment by major players for product development activities along with strategic merger and acquisition activities are factors expected to support the growth of regional market.
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Global Radio Frequency Semiconductor Market
2016 – 2027
2020 – 2027
Technology, Configuration, Process Technology, End Use, and Geography
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Radio Frequency Semiconductor Market Segment Analysis, 2019
The global market is segment into device, material, and application. The application segment is bifurcated into consumer devices, telecommunication, aerospace & defense, automotive, CATV & wired broadband, and others. Among application the automotive segment is expected to witness faster growth over the forecast period due to high development in electric vehicles
The material segment is further divided in to Silicon (Si), Silicon-Germanium (SiGe), Gallium Arsenide (GaAs) & Piezoelectric Substrate, Gallium Nitride (GaN), and Indium Phosphide (InP). Among material segment the Gallium Arsenide (GaAs) is expected to account for significant revenue share due to increasing use of gallium arsenide in smart phones RF components.
The players profiled in the report are Analog Devices, Qualcomm, NXP Semiconductors, Cree, MACOM, Microchip Technology, Murata Manufacturing, Texas Instruments, Maxim Integrated, Mercury Systems, ON Semiconductor, RFHIC, RichWave, STMicroelectronics, Qorvo, Skyworks, Sumitomo Electric Drives Innovations, and TDK Electronics.
Market By Device
Low Noise Amplifier
Others (Phase Shifters, Oscillators, Attenuators, Couplers, and Antenna Tuners)
Market By Material
Gallium Arsenide (GaAs) & Piezoelectric Substrate
Gallium Nitride (GaN)
Indium Phosphide (InP)
Market By Application
Aerospace & Defense
CATV & Wired Broadband
Others (RF Energy, and Test & Measurement)
Market By Region
Middle East & Africa
The global radio frequency semiconductor market in 2027 is expected to be above US$ 30.9 Bn.
In application segment the automotive segment is growing at faster pace.
The CAGR of the global radio frequency semiconductor market from 2020-2027 is above 8.5%.
In the global market the Asia Pacific region is expected to grow faster.
Some of the players considered in the report scope are Skyworks, Sumitomo Electric Drives Innovations, and TDK Electronics.
The report provides insights on global radio frequency semiconductor market segment by device, material, application and major geographic regions.
The radio frequency semiconductor market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).