Rockville, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The latest study by Fact.MR, a market research and competitive intelligence provider, reveals the global RF power amplifier market is worth US$ 5.28 billion in 2022 and is expected to expand rapidly at a CAGR of 15% through 2032.
The market will see fast growth due to the remarkable use case of RF power amplifiers in several end-use digital applications. Fact.MR predicts that significant potential in the market will be seen due to rapid developments in network infrastructure, expansion of cellular networks, and increasing use of M2M communication technology.
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East Asia and South Asia & Oceania have prominently booming consumer electronic sectors. It is anticipated that throughout the period of 2022 to 2032, these regions will continue to dominate due to the strong presence of RF power amplifier manufacturers. They are anticipated to be driven most notably by the development of telecom, industrial sector, and wireless networks, which will account for 35% market value share.
| Report Attributes | Details |
| Value Projection (2032) | US$ 21.38 Billion |
| Growth Rate (2022-2032) | 15% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 112 Tables |
| No. of Figures | 297 Figures |
Key Takeaways from Market Study
- Communication infrastructure use case of RF power amplifier is likely to reach of US$ 12.47 billion by 2032.
- Based on region, demand for RF power amplifiers is expected to expand at CAGR of 14% and 14.6% in North America and Europe, respectively.
- Based on material, the gallium nitride and gallium arsenide segments are anticipated to account for market shares of 50.5% and 31.1%, respectively, by 2032.
- Above 50 dBm as linear average power was valued at US$ 1.3 billion in 2021.
- The 20.1- 40 V supply voltage segment is likely to dominate with one-third market share by 2032-end.
“5G services are poised to create ample opportunities for revenue generation for RF power amplifier manufacturers,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- NXP Semiconductors
- Broadcom lnc.
- Analog Devices, Inc.
- Maxim Integrated
- Texas Instruments Incorporated
- STMicroelectronics N.V.
- Toshiba Corporation
- Skyworks Solutions, Inc.
- Qualcomm lnc.
- Infineon Technologies
- Qorvo, Inc
- CML Microcircuits
- BONN Elektronik GmbH
- Empower RF System Inc.
Market Developments
Technological advancements in RF power amplifiers have created a significant impact. The market will gain with the emergence of new semiconductor manufacturers in certain economies - for instance, China, India, and Japan - by enhancing consumer electronics demand and creating new business models to increase the global sales of the product.
The biggest prospects for this technology are in automotive, communication, and ICT end use. Thus, key companies are looking to diversify their offerings to gain an early mover advantage in this space.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global RF power amplifier market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by 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, 10-20 GHz, 20-30 GHz, 30+ GHz), supply voltage (0-5 V, 5.1-10 V, 10.1-20 V, 20.1- 40 V, >40 V), linear average power (0 to 23 dBm, 23 - 30 dBm, 30 - 40 dBm, 40 - 50 dBm, above 50 dBm), material (gallium arsenide, gallium nitride silicon germanium), and use case (communication infrastructure, automotive, manufacturing & industrial, smart technologies), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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