RF Power Amplifier Market is Anticipated to Reach US$ 23.3 Billion by 2034, Fact.MR

Use of Dynamic RF Power Amplifiers Increasing for Production of Next-Generation Electronics

ROCKVILLE PIKE, MARYLAND, UNITED STATES, May 15, 2024 /EINPresswire.com/ -- Crucial in wireless communication systems, RF power amplifiers have come a long way over the past years. As a result, the global RF power amplifier market is projected to increase from a size of US$ 6.6 billion in 2024 to US$ 23.3 billion by 2034, reveals Fact.MR, a market research and competitive intelligence provider, in its updated market study.

Rising use of semiconductors in smartphones and growing popularity of 5G networks are set to boost the RF power amplifier market growth during the next 10 years. The consumer electronics sector is the major end user of RF power amplifiers. The introduction and easy accessibility of internet on mobile phones is boosting the adoption of RF power amplifiers. Furthermore, the continuous advancements in smart TVs and monitors are also contributing to the high adoption of RF power amplifiers.

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Continuous evolution of wireless communication technologies and developments in the materials used in the production of RF components such as gallium arsenide, gallium nitride, and silicon germanium are expected to augment the market growth. South Asia & Pacific and East Asia are emerging as fastest growing marketplaces for RF power amplifiers. The presence of prominent semiconductor and electronics sectors is boosting the sales of RF power amplifiers in these regions.

Key Takeaways from Market Study
Global demand for RF power amplifiers is forecasted to rise at a CAGR of 13.5% from 2024 to 2034. The market in Japan is calculated at US$ 400 million for 2024. Sales of RF power amplifiers in the United States are projected to reach US$ 2.6 billion by 2034.
Gallium arsenide RF power amplifier sales are projected to increase at a CAGR of 13% from 2024 to 2034. Demand for power amplifiers in communication infrastructure is expected to reach a market value of US$ 8.9 billion by 2034.

“Growing trend of digitalization and ongoing smart city initiatives are key factors driving the sales of RF power amplifiers,” says a Fact.MR analyst.

Regional Analysis
The United States is the major marketplace in North America for RF power amplifier suppliers. The United States is projected to hold 45.6% of the North American market share by 2034.

The United States is having strong presence of industries such as military & defense, telecommunication, aerospace, and automotive. RF power amplifiers are widely used in military and commercial applications. The country is one of the major producers of telecommunication equipment, which further is driving sales of RF power amplifiers.

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Competitive Analysis
The RF power amplifier market is competitive in nature. The market is further characterized by the presence of established players and new companies. New companies are investing in research and development activities to produce innovative solutions. The key market players are adopting strategies such as global expansion, mergers, and collaboration to increase their product folios and market reach.

Top Key Players are NXP Semiconductors, Maxim Integrated, Qorvo, Inc, CML Microcircuits, Texas Instruments Incorporated, Skyworks Solutions, Inc., STMicroelectronics N.V., Broadcom lnc., Qualcomm lnc., Infineon Technologies, BONN Elektronik GmbH, Analog Devices, Inc., Toshiba Corporation, Empower RF System Inc.

Recent Developments
In 2020, NXP Semiconductors launched RF multichip modules to cater to the frequency range for the development of 5G cellular networks.

More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global RF power amplifier market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on type (broadband amplifiers, gain block amplifiers, log amplifiers, variable gain amplifiers, low noise amplifiers, coaxial & waveguide power amplifiers, linear amplifiers, bi-directional amplifiers, Hi-rel amplifiers), frequency (< 10 GHz, 10 to 20 GHz, 20 to 30 GHz, 30+ GHz), supply voltage (0 to 5 V, 5.1 to 10 V, 10.1 to 20 V, 20.1 to 40 V, >40 V), linear average power (0 to 23 dBm (1mW to 20mW), 23 to 30 dBm (20mW to 1W), 30 to 40 dBm (1W to 10W), 40 to 50 dBm (10W to 100W), above 50 dBm (above 100W)), material (gallium arsenide, gallium nitride, silicon germanium, others), and use case (communication infrastructure, automotive, manufacturing & industrial, smart technologies, others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

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