LTE to drive RF power semiconductor market to over 15 percent CAGR
The use of power amplifiers for long-term evolution (LTE) has increased with the growing demand for LTE. The transition to LTE requires a significant investment in the market as the core networks also need to change to meet the latest wireless standards. This would also drive the demand for RF power devices, which would boost the growth of the RF power semiconductor market. The increased use of smartphones is another major factor driving the growth of the RF power semiconductor market.
RF power amplifiers are expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022 owing to the increasing adoption of power amplifiers across the globe. The growing preference for wireless connectivity has driven the use of RF power devices in wireless connectivity.
Consumer applications are expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022. The growing use of smartphones and demand for faster data rates are the major drivers for the RF power semiconductor market in the consumer sector.
APAC is expected to hold the largest market share and dominate the RF power semiconductor market between 2016 and 2022. The established electronics industry and adoption of innovative technologies are the reasons for the high growth rate in the region. The RF power semiconductor market in Asia-Pacific is expected to grow at a high rate in consumer, telecommunication and data communication, and medical sectors among others. The increasing number of players in the region is further expected to drive the growth of the APAC RF power semiconductor market.
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