A key trend in the RF semiconductor market is the usage of mmWave for 5G telecommunications. The increasing mobile data consumption is driving the demand for a greater bandwidth, which has put the existing telecommunication technologies under immense pressure. Hence, the need for a technology that can support higher rates of data transmission and a larger bandwidth has significantly increased. Therefore, with a frequency band range of 24–300 Gigahertz (GHz), mmWave offers more coverage, improved performance, and smooth connectivity.
One of the strongest factors propelling the growth of the RF semiconductor industry is the rising demand for smartphones. As per the GSM Association, there were 3.5 billion smartphone connections around the world, and the smartphone penetration rate was 45%. With economic growth, smartphone sales are increasing in India, Nigeria, China, Pakistan, Indonesia, and other developing countries. Moreover, according to a survey conducted by the World Advertising Research Center (WARC), by 2025, 72.6% of the internet users worldwide will access it on their mobile phones.
A key opportunity area for the RF semiconductor market players is the rising adoption of advanced driver-assistance systems (ADAS). With the increasing incidence of road accidents, the government of many countries has made the integration of ADAS in automobiles mandatory. The idea is to offer the driver assistance and information about the road traffic and conditions, considering that most of the accidents are a result of human errors. Therefore, with the increasing adoption of ADAS, coupled with the rising vehicle sales, the demand for RF semiconductors will grow.
One of the strongest factors propelling the growth of the RF semiconductor industry is the rising demand for smartphones. As per the GSM Association, there were 3.5 billion smartphone connections around the world, and the smartphone penetration rate was 45%. With economic growth, smartphone sales are increasing in India, Nigeria, China, Pakistan, Indonesia, and other developing countries. Moreover, according to a survey conducted by the World Advertising Research Center (WARC), by 2025, 72.6% of the internet users worldwide will access it on their mobile phones.
A key opportunity area for the RF semiconductor market players is the rising adoption of advanced driver-assistance systems (ADAS). With the increasing incidence of road accidents, the government of many countries has made the integration of ADAS in automobiles mandatory. The idea is to offer the driver assistance and information about the road traffic and conditions, considering that most of the accidents are a result of human errors. Therefore, with the increasing adoption of ADAS, coupled with the rising vehicle sales, the demand for RF semiconductors will grow.
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In 2019, Asia-Pacific (APAC) was the largest RF semiconductor market owing to the increasing population and economic prosperity leading to rapid growth in the telecommunications and consumer electronics industries. Moreover, the swift digitalization, surging adoption of the IoT technology, and growing usage of video streaming platforms are driving the market in the region. Further, other applications of such instruments, including smart farming, building security systems, smart utility meters, commercial satellite imaging, and home automation, are finding more takers.
Therefore, with the rising demand for equipment that allows for telecommunication, the sale of RF semiconductors will keep escalating.
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