RF Power Semiconductor Market Growth Accelerated by Popularity of Smart Electronics
RF power semiconductors find extensive applications in wireless communication devices, cellular network infrastructure, 5G networks and satellite communication systems owing to their abilities to generate and amplify radio frequency signals. RF power semiconductor devices such as power amplifiers, switches and driver amplifiers are critically essential for wireless connectivity and are used in smartphones, laptops, wearable devices, smart home appliances and industrial equipment. The rising penetration of IoT devices, automation systems, autonomous vehicles and increasing adoption of 5G connectivity is fueling demand for smart electronic devices which is driving the RF power semiconductor market. The global RF power semiconductor market is estimated to be valued at US$ 20.35 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing popularity of s...