The Global Radio Frequency Semiconductor Market Size valued for USD 20.2 Billion in 2021 and is anticipated to reach USD 39.6 Billion by 2030 with a CAGR of 8% from 2022 to 2030.

Devices or modules known as RF power semiconductors are used to increase the signal strength of a radio frequency. The RF power devices and modules included in this study of the RF power semiconductor market include RF power amplifiers, RF switches, RF filters, RF duplexers, and other RF devices used in telecommunication, automotive, consumer electronics, aerospace & defence, among other industries. Worldwide, the automotive industry is undergoing rapid transformation due to the high adoption of electric vehicles and the growing demand for automobiles with cutting-edge safety and functionality. The deployment of cutting-edge components that facilitate vehicle-to-infrastructure (V2X) and vehicle-to-vehicle (V2V) connections is the main focus of players. Vehicles frequently use radio frequency semiconductors with millimeter-wave radar frequencies for both short- and long-range applications. This is anticipated to have a favorable effect on the target market's expansion.

Radio Frequency Semiconductor Market Dynamics

Increased network traffic caused by the transition from 3G to 4G/LTE and subsequently 5G, as well as the spike in emerging trends of digitalization that lead to lighting applications in smart city projects, drive the need for enhanced filtering technologies and drive the growth of the RF semiconductor industry. However, the development of the global market for radio frequency semiconductors is anticipated to be constrained by factors like high device costs and production complexity. The COVID-19 epidemic has slowed market expansion since it has hampered the flow of raw materials and component parts. Additionally, a potential economic downturn brought on by the pandemic could result in a reduction in the information technology (IT) budget for businesses that would otherwise heavily rely on RF technologies.

Defense equipment upgrading has increased the demand for high-power semiconductor devices like GaN RF and LDMOS. GaN is included into the ICs used in radar boards, allowing for effective navigation, easier collision avoidance, and real-time air traffic control.

The performance and power of the RF power amplifiers utilized in radar systems is poor. Radars that use RF power devices have much higher bandwidth performance and efficiency as a result of which they perform better in terms of power and radar range. As a result, fewer radar systems are needed to monitor the same perimeter, which lowers costs. Consequently, during the duration of the forecast, the demand for RF power devices is expected to rise in the defense industry.

Over the course of the projection period, technological improvements made by significant companies and novel product offerings are projected to open up new opportunities for market participants. Furthermore, it is anticipated that growing strategic alliances between regional and international firms will boost the revenue traction of the target market.

Radio Frequency Semiconductor Market Insights

The radio frequency semiconductor market is mainly divided into device, material, application, and geographic segments. The device category is divided into power amplifier, filter, low noise amplifier, switch, and others (attenuators, antenna tuners, phase shifters, couplers, oscillators, and). Based on material, the market is gallium arsenide (GaAs) & piezoelectric substrate, gallium nitride (GaN), indium phosphide (InP), silicon-germanium (SiGe), and split into silicon (Si). The application segment can be divided into aerospace & defense, automotive, consumer devices, catv & wired broadband, telecommunication, and others (RF energy, and test & measurement). Furthermore, the region segment is categorized into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.

Global Radio Frequency Semiconductor Market Geographical Competition

Due in large part to the increased demand for smartphones and the expanding use of 5G technology in South Korea, Japan, and China, the RF semiconductor market is expanding steadily in the APAC region.

Due to the region's broad internet penetration, widespread adoption of 5G technology, and high smartphone usage rates, North America is predicted to experience the quickest growth in the market for RF semiconductors during 2022 and 2030. By 2030, the 5G network is expected to cover more than half of the continent.

Global Radio Frequency Semiconductor Industry Segment Analysis

Market By Device

·         Power Amplifier

·         Filter

·         Switch

·         Low Noise Amplifier

·         Others (Phase Shifters, Oscillators, Attenuators, Couplers, and Antenna Tuners)

Market By Material

·         Silicon (Si)

·         Silicon-Germanium (SiGe)

·         Gallium Arsenide (GaAs) & Piezoelectric Substrate

·         Gallium Nitride (GaN)

·         Indium Phosphide (InP)

Market By Application

·         Consumer Devices

·         Telecommunication

·         Aerospace & Defense

·         Automotive

·         CATV & Wired Broadband

·         Others (RF Energy, and Test & Measurement)

Radio Frequency Semiconductor Market Leading Companies

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.

Radio Frequency Semiconductor Market Regions