by The RF power semiconductor market comprises radio frequency power semiconductor devices that are used in applications including telecommunications, industrial, automotive, consumer electronics, military, and defense among others. RF power semiconductors enable amplification and transmission of signals in wireless communication systems. Growing adoption of 4G/LTE networks and emergence of 5G networks are majorly fueling demand for RF power semiconductors. RF power semiconductor devices play a vital role in power amplifier design and system performance. Advancements in cellular infrastructure and proliferation of IoT devices necessitate faster data transfer speeds and increased network capacity, propelling growth of the global RF power semiconductor market.
The global RF power semiconductor market is estimated to be valued at US$ 20.35 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
GaN transistors offer several advantages over conventional gallium arsenide (GaAs) and silicon (Si) transistors including higher power efficiency, lower thermal resistance, ability to handle higher voltages, and higher power density. GaN transistors enable miniaturization of power amplifiers and improved efficiency of radio frequency systems. Ongoing advancements in GaN materials and transistor technologies are expanding their application scope in wireless infrastructure and other RF power applications. This is expected to fuel adoption of GaN transistors, thereby propelling growth of the RF power semiconductor market during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants into the RF power semiconductor market is low due to high capital requirement for manufacturing RF power semiconductors which require advanced technologies.
Bargaining power of buyers: Individual buyers have low bargaining power due to availability of substitute products however collective bargaining power of large OEMs impact pricing of RF power semiconductor manufacturers.
Bargaining power of suppliers: Suppliers of raw materials like silicon have moderate to high bargaining power due to availability of limited number of suppliers and requirement of high purity levels of raw materials for RF power semiconductors.
Threat of new substitutes: Threat of substitutes is low to moderate as alternate technologies providing similar wireless connectivity needs are expensive to develop at scale for commercial applications.
Competitive rivalry: The competitive rivalry in the market is high owing to presence of global established players focusing on new product launches and investments in R&D.
Key Takeaways
The Global RF Power Semiconductor Market Demand is expected to witness high growth. Regional analysis related content comprises Asia Pacific dominates the global market with China and Japan being the major electronics hubs. Europe and North America also hold significant shares in the RF power semiconductor market.
Key players operating in the RF power semiconductor market are Reckitt Benckiser Group PLC,,Church & Dwight Co. Inc.,,Okamoto Industries Inc.,,Karex Berhad,,Humanwell Group. The players adopt strategies such as mergers, acquisitions, new product launches, and partnerships to expand their product portfolios and geographic presence globally.
The global RF power semiconductor market size for 2023 is US$ 20.35 Bn. Regional analysis related content comprises Regional analysis related content (The Asia Pacific region holds the largest share in the RF power semiconductor market owning to wide electronics and automobile manufacturing base and growing 5G infrastructure in countries like China and Japan.) Key players related content comprises Key players related content (Key players operating in the RF power semiconductor market are Reckitt Benckiser Group PLC,,Church & Dwight Co. Inc.,,Okamoto Industries Inc.,,Karex Berhad,,Humanwell Group. The key players focus on product innovations to cater to growing demand from diverse end-use industries like telecommunication, automotive, consumer electronics.)
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
