RF Power Amplifier Market is expected to reach US$ 15.09 billion by 2031

PRESS RELEASE BY The Insight Partners 16 Apr 2024

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Increasing Demand for RF Power Amplifiers Boosts RF Power Amplifier Market Growth

According to our latest study titled “RF Power Amplifier Market Forecast to 2031 – Global and Regional Share, Trends, and Growth Opportunity Analysis – by Frequency, Technology, and Application,” the market was valued at US$ 5.96 billion in 2023 and is projected to reach US$ 15.09 billion by 2031; it is estimated to record a CAGR of 12.3% from 2023 to 2031.  

Advancements in RF technologies have resulted in an increased demand for RF power amplifiers and their ability to offer products with dynamic power ranges, higher frequencies, and lower noise parameters. As a result, there is an increased demand for the development of new designs of next-generation electronic components. Furthermore, advancements in RF power amplifier technologies have resulted in a high demand for amplifiers with broader frequency ranges and compact sizes, making them suitable for several applications, such as satellite communications, radar systems, and cellular networks. For instance, in December 2023, Rydberg Technologies Inc., a leading provider of Rydberg quantum technologies and a trailblazer in the field of radio frequency (RF) quantum sensing, unveiled its compact and efficient atomic receiver. The company successfully demonstrated long-range radio communications using an atomic quantum sensor at the US Army Combat Capabilities Development Command (DEVCOM) C5ISR Center Network Modernization Experiment 2023 (NetModX23) event. This event serves as a testing ground for cutting-edge technologies in communication and intelligence, making it a remarkable milestone for Rydberg Technologies Inc. Also, the RF power amplifier market size is likely to surge by 2031 owing to the miniaturization of power amplifiers.  

RF Power Amplifier Market – by Region, 2023 and 2031

RF Power Amplifier Market – by Region, 2023 and 2031

RF Power Amplifier Market Size, Demand, and Forecast | 2031

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RF Power Amplifier Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Frequency (Less Than 10 GHz, 11-20 GHz, 21-30 GHz, and Above 30 GHz), Technology [Galium Arsenide (GaAs), Galium Nitride (GaN), Silicon Germanium (SiGe), and Others], and Application (Consumer Electronics, Aerospace and Defense, Automotive, Medical, and Others), and Geography

Source: The Insight Partners Analysis

Moreover, in January 2023, Powercast Corporation, the frontrunner in RF-based wireless power technology, introduced its latest innovation—the Ubiquity transmitter. This RF power transmitter stands out for its exceptionally low cost. It has been recognized as a CES 2023 Innovation Award Honoree in three prestigious categories: Smart Home Embedded Technologies, Sustainability, and Eco-Design & Smart Energy. Powercast Corporation continues to lead the way in revolutionizing the field of over-the-air wireless power with its groundbreaking advancements. Thus, advancements in RF technologies fuel the RF power amplifier market growth.  Further, the advancements in gallium nitride, gallium arsenide (GaAs), and complementary metal-oxide-semiconductors (CMOS) are expected to bring new RF power amplifier market trends in the coming years.

The RF power amplifier market analysis has been carried out by considering the following segments: frequency, technology, and application. Based on frequency, the market is segmented into less than 10 GHz, 11–20 GHz, 21–30 GHz, and above 30 GHz. Based on technology, the market is segmented into gallium arsenide (GaAs), gallium nitride (GaN), silicon germanium (SiGe), and others. Based on application, the RF power amplifier market is categorized into consumer electronics, aerospace and defense, automotive, medical, and others. The consumer electronics segment held the largest RF power amplifier market share in 2023.

The scope of the RF power amplifier market report is primarily divided into North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), Middle East & Africa (South Africa, UAE, Saudi Arabia, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). Asia Pacific accounted for the largest RF power amplifier market share in 2022. China holds the largest share in the RF power amplifier market in the Asia Pacific, while India is expected to be the fastest-growing market in the region during the forecast period. The presence of prominent semiconductor industries in countries such as China, Japan, and India contributes to the growth of the RF power amplifier market in Asia Pacific. Additionally, ongoing activities for the development of technologically advanced RF power amplifiers, along with the increasing investment in the production of RF power amplifiers, are anticipated to create lucrative opportunities for the market players in the Asia Pacific during the forecast period. The use of smartphones is growing rapidly in the region. According to the Mobile Economy APAC 2023 report, released in June 2023 at an event organized by the GSMA and Singtel in Singapore, mobile subscribers are likely to increase by 400 million during 2022–2030, reaching a total of 2.11 billion. The share of smartphone users is expected to reach 94% by 2030, up by 18% from 2022; this growth can be ascribed to lower device costs and better digital literacy. Also, RF power amplifiers play an important role in smartphones. In modern mobile devices, a complex circuit is responsible for transforming information from near-zero frequency band signals that are used to transmit information and data through radio signals for delivery over the air. Thus, the growing adoption of smartphones propels the RF power amplifier market in Asia Pacific.

Qorvo Inc, NXP Semiconductors NV, Qualcomm Inc, Infineon Technologies AG, Broadcom Inc, Mitsubishi Electric Corp, STMicroelectronics NV, Skyworks Solutions Inc, Texas Instruments Inc, and Analog Devices Inc. are among the key players profiled in the RF power amplifier market report.

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