• Sat. Jul 31st, 2021

The global RF semiconductor market is predicted to grow, in value, from $2.1 billion to $5.0 billion from 2019 to 2030. Furthermore, the market will progress at a CAGR of 8.8% during 2020—2030, as per the forecast of the market research firm, P&S Intelligence. The IoT technology helps develop an interconnected framework of various devices and systems such as smart devices via secure networks.

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This market research report provides a comprehensive overview of the RF semiconductor market

  • Historical and the present size of the RF semiconductor market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

A major factor responsible for the surging demand for RF semiconductors is the increasing usage of smartphones in several countries, especially developing nations such as India, China, Indonesia, Pakistan, and Nigeria. Since the last decade, there has been a drastic rise in the utilization of smartphones in both developed and developing nations, and this trend will push up even more in the future years.

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Market Dynamics

Trends

4.3.1.1 Use of mmWave for 5G communication

4.3.1.2 Rising integration of artificial intelligence (AI)

Drivers

4.3.2.1 Increasing demand for smartphones

4.3.2.2 Technological advancements in wireless communication

4.3.2.3 Surging adoption of IoT

4.3.2.4 Impact analysis of drivers on market forecast

Restraints

4.3.3.1 Effect of COVID-19 outbreak

4.3.3.2 Impact analysis of restraints on market forecast

Opportunities

4.3.4.1 Increasing demand for advanced driver-assistance systems (ADASs)

4.3.4.2 Rising number of smart city projects

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