The burgeoning sales of smartphones in both developed and developing countries are driving the demand for RF semiconductors across the world. Emerging economies such as India, Pakistan, China, Nigeria, and Indonesia are witnessing a sharp surge in smartphone usage, on account of the rising internet penetration, soaring disposable income of people, and increasing urbanization rate.
According to the Global System for Mobile Communications Association’s Mobile Economy 2020 report, in APAC, smartphone usage will rise from 64% of the total population to 81% from 2019 to 2025. Besides, the rapid technological advancements being made in wireless communication are also fueling the sales of RF semiconductors across the world.
Due to these factors, the revenue of the market will surge from $2.1 billion in 2019 to $5.0 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 8.8% from 2020 to 2030. Gallium arsenide (GaAs), indium phosphate (InP), silicon (Si), silicon-germanium (SiGe), and gallium nitride (GaN) are the most commonly used types of RF semiconductor materials.
This trend is also predicted to continue in the forthcoming years, mainly because of the growing usage of wireless communication devices, soaring popularity of the IoT technology, burgeoning requirement for video streaming, and rapid digitization of various business operations in the region. On the other hand, North America is expected to be the fastest growing region in the RF semiconductor market in the upcoming years, mainly because of the increasing internet penetration and surging adoption of the 5G technology in the region.
Hence, it is safe to say that the demand for RF semiconductor will surge sharply in the coming years, primarily because of the increasing usage of smartphones, growing 5G deployment, and soaring adoption of the IoT technology across the world.
According to the Global System for Mobile Communications Association’s Mobile Economy 2020 report, in APAC, smartphone usage will rise from 64% of the total population to 81% from 2019 to 2025. Besides, the rapid technological advancements being made in wireless communication are also fueling the sales of RF semiconductors across the world.
Due to these factors, the revenue of the market will surge from $2.1 billion in 2019 to $5.0 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 8.8% from 2020 to 2030. Gallium arsenide (GaAs), indium phosphate (InP), silicon (Si), silicon-germanium (SiGe), and gallium nitride (GaN) are the most commonly used types of RF semiconductor materials.
This trend is also predicted to continue in the forthcoming years, mainly because of the growing usage of wireless communication devices, soaring popularity of the IoT technology, burgeoning requirement for video streaming, and rapid digitization of various business operations in the region. On the other hand, North America is expected to be the fastest growing region in the RF semiconductor market in the upcoming years, mainly because of the increasing internet penetration and surging adoption of the 5G technology in the region.
Hence, it is safe to say that the demand for RF semiconductor will surge sharply in the coming years, primarily because of the increasing usage of smartphones, growing 5G deployment, and soaring adoption of the IoT technology across the world.
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