Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global RF Power Amplifier Market.
The global RF power amplifier market 2020 is prompted to record a substantial CAGR during the forecast period, 2017-2023. The advancement in the market can be observed with the rising factors from all corners of the globe and due to which, the shares surpassed USD 11 Bn in 2017. Market Research Future estimates the figures and reveals that the market will witness high growth prospects in the coming years.
Top Impacting Factors
A considerable high adoption of RF Power Amplifiers is observed in consumer electronics as the devices demand for an amplified radio frequency signal and for efficient functioning. RF Power Amplifiers are also one of the most expensive and integral components of all base stations for wireless cellular and mobile infrastructures, and with drastic developments in telecom infrastructure, the need for RF Power Amplifiers is increasing. These factors have been liable for the market to expand in the forecast period.
An escalating adoption of consumer electronics is observed globally, especially in smartphones and tablets. The market for consumer electronics, mainly for smartphones and tablets, is furthermore, anticipated to observe elevated growth during the assessment period. Consumer Electronics being a foremost application industry of RF Power Amplifiers, would, henceforth, motivate the global RF Power Amplifiers market in the foreseeable years. In fact, proliferating penetration of 4G technologies and emergence of next generation wireless network like 5G would also motivate the demand and growth of RF power amplifiers market in the approaching year.
High cost associated with RF Power Amplifiers act as a primary restraint for the global RF power amplifier’s market, limiting its adoption. In addition to this, large size and high power consumption is also a challenge, hampering the growth of RF Power Amplifiers. Additionally, a thorough evaluation of the restrains is also included in the report of MRFR that portrays the contrast to drivers and gives room for market’s strategic planning. Other factors that overshadow the market growth are pivotal as they can be understood to invent different bends for getting hold of the rewarding opportunities that are present in the ever-growing market, thus motivating it.
Segmentation of Market: RF Power Amplifier
The global RF power amplifier market is further segmented over the segments of frequency, raw material, packaging type, and application.
Among the frequency segment, the market is segmented into <10GHz, 10-20 GHz, 20-30 GHz, 30-60 GHz, and 60+GHz. Among these 30-60 GHz grabs the largest segment and is anticipated to inflate at the fastest, thus achieving a CAGR of 17.62% during the assessment period. The segment's leading position is motivated by 30-60GHz amplifier applications in linear and saturated applications such as radar, network infrastructure, communication systems and test & measurement.
Among the raw material segment, the market has included gallium arsenide, silicon, silicon germanium, gallium nitride, and others. The silicon segment leads the market is anticipated to reach the highest CAGR during the assessment period. The segments leading position is owing to silicon's wide use as a semiconductor material and its familiarity for its properties and low cost.
Among the packaging type segment, the market has included die, surface amounts, standalone/rack mount, and more. Among these, surface mount grabs the most noteworthy segment and is anticipated to inflate at the highest CAGR during the assessment period. This is all due to benefits of cost reduction that the technology offers.
Among the application segment, the market has included segments of aerospace & defense, consumer electronics, medical, automotive, and others. Consumer electronics leads the market with the mainstream share and is likely to accomplish a CAGR of 17.64 % during the foretell period. The intensifying adoption of personal consumer electronics such as tablets, Smartphones, laptops, and wearable devices has stressed improved demand for RF power amplifiers.
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The region of Asia-Pacific, led by China, is the most momentous region in the global RF power amplifier market. The concentration of emerging economies that are placing growing demands for RF power amplifiers to meet mounting needs is anticipated to motivate the market during the assessment period. The developing infrastructure, incidence of a large population with increased demands and purchases of consumer electronics and the existence of several market-leading players, are liable for the region’s leading position at global level. The Asia Pacific is thus anticipated to achieve a CAGR of 18.58% during the reassess period.
Meanwhile, the region of North America is the second largest region in the global market owing to the rapid adoption of the latest in technology and the budding need for power efficiency to meet the high use of cellular networks in the region.
Top Market Contenders
The MRFR report includes the renowned market-leading players such as Toshiba Corporation, Murata Manufacturing Co. Ltd., NXP Semiconductors, II-VI Inc., Analog Devices Inc., Mitsubishi Corporation, Qualcomm Inc., Infineon Technologies, Skyworks Solutions Inc., and Broadcom Pte. Ltd.