RF Power Semiconductor Market size worth US$32.393 billion by 2029

rf power semiconductor market

The RF power semiconductor market is projected to grow at a CAGR of 8.52% to reach US$36.002 billion by 2029, from US$23.922 billion in 2024.

A power semiconductor is a type of semiconductor device, which is generally used as a rectifier or switch in power electronic devices. The power semiconductor converts electric power, and it controls motors and lighting systems. Whereas RF or radio frequency is the oscillation range of voltage or alternating electric current. The RF power semiconductors offer a wide range of applications across multiple industries which include aerospace & defense, automotive, medical, and consumer electronics. The RF power semiconductor ensures multiple advantages, like a wider bandgap material, and higher breakdown voltage. The power density of these semiconductors is also higher and also ensures a high operating frequency.

  • Growth Drivers in the RF Power Semiconductor Market

The global RF power semiconductor market is forecasted to attain substantial growth, majorly with the increase in the global automotive and IT & telecommunication market. Various companies have introduced new technologies and products in the RF power semiconductors market, which are aimed to improve the technology of these components. For instance, in April 2024, QuantalRF announced the launch of its groundbreaking RF technology, QWX27105 single-chip 5-7 GHz Wi-Fi 7 Front-End IC in CMOS SOI. The QWX27105 single-chip integrates all RF front-end components and features an ultra-compact design.

  • Segmentation of the RF Power Semiconductor Market

The product segment of the RF power semiconductor market is categorized into RF passives, RF duplexers, RF switches, and others. Under the product segment of the global RF power semiconductor market, the RF passives category is forecasted to attain a greater market share. The RF passives refer to the RF component, which does not require an external power supply to operate. The RF passives component offers multiple benefits over other categories in the segment, like it offers easy-to-use technology, and offers a lower cost. The RF passive components are highly stable and offer a lower risk of damage. These types of components are generally used across multiple industries, for a wide range of applications, like broadcasting, telecommunication, wireless networking, and radar systems.

The RF power semiconductor market, under the material segment, is categorized into silicon, gallium arsenide, silicon-germanium, gallium nitride, silicon carbide, and indium phosphide. The silicon carbide category of the material segment, under the global RF power semiconductor market is forecasted to witness massive growth. Silicon carbide, also known as carborundum is a type of hard chemical compounds, which contain silicon and carbon. Silicon carbide RF power semiconductors offer multiple benefits over other material categories like the RF power semiconductors made with silicon carbide offer a larger bandgap energy and higher mobility of electrons. The silicon carbide material also offers improved and higher thermal conductivity, and higher power density. The operating temperature of the silicon carbide material is above 150 degrees Celsius, and it ensures lower switching losses.

By application, the RF power semiconductor market is categorized into aerospace & defense, automotive, medical, consumer, telecommunication & data communication, and others. In the global RF power semiconductors market, the automotive category of the application segment is estimated to grow at a greater rate. In the automotive industry, RF power semiconductors offer multiple applications. These types of semiconductors are used in vehicle-to-grid and vehicle-to-home technologies of electric vehicles. These are also used in the electric vehicle inverters, which convert the DC current to the AC current.

Based on geography, the Asia Pacific region is anticipated to attain significant growth in the global RF power semiconductor market. The Asia Pacific region is among the leading developers and manufacturers of semiconductors across the globe. Countries like China, Taiwan, South Korea, and Japan are among the biggest manufacturers and suppliers of semiconductors. Furthermore, multiple countries in the region, like India, Vietnam, and Singapore introduced multiple policies and investment opportunities to develop semiconductor manufacturing in the region. The Asia Pacific region is also among the biggest manufacturers and consumer electronics, which uses RF power semiconductors. Similarly, the growth of other related industries, like aerospace & defense, automotive, and IT & telecommunication which use RF power semiconductors, is also expected to boost the market forward. The Asia Pacific region is the biggest producer of the automotive industry, with demand for the automotive industry rising significantly in the region.

  • Key Players in the RF Power Semiconductor Market

The research includes several key players from the RF power semiconductor market, such as MACOM Technology Solutions, Broadcom Inc., Qualcomm Technologies, Inc., Cree, Inc., Toshiba Corporation, NXP Semiconductors N.V., Murata Manufacturing Co., Ltd., and Skyworks Solutions, Inc.

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This analytics report segments the RF power semiconductor market as follows: