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Rising Smartphone Usage Fueling Demand for RF Semiconductors

The mushrooming utilization of smartphones in several countries is one of the major factors fueling the demand for radio frequency (RF) semiconductors across the world. In the developed countries, the penetration of smartphones has grown sharply over the last few years and this trend will continue in the coming years.

Moreover, the sales of smartphones and their customer base are expanding rapidly in the developing countries such as India, Nigeria, Indonesia, Pakistan, and China. This is because of the surging disposable income of the middle-income population and the increasing urbanization rate in the developing nations. Besides this, the growing adoption of the internet of things (IoT) technology is also fueling the worldwide demand for RF semiconductors.

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For example, RF transceivers are extensively used in various smart home devices for connecting to the internet via Wi-Fi or Bluetooth. With the rising number of smart city projects, the requirement for smart devices is rising significantly. Apart from the aforementioned factors, rapid technological innovations and advancements in wireless communications are also pushing up the requirement for RF semiconductors around the world.

This is, in turn, propelling the advancement of the global RF semiconductor market. As a result, the value of the market will rise from $2.1 billion in 2019 to $5.0 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 8.8% between 2020 and 2030. Gallium arsenide (GaAs), indium phosphate (InP), silicon-germanium (SiGe), gallium nitride (GaN), and silicon (Si) are the most commonly used types of materials in RF semiconductors.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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