The report predicts that demand for high power RF amplifiers in the MENA region will increase by 11.7% over the forecast period.
The global high power RF amplifier market exceeds a valuation of $4.6bn at present and is expected to accelerate at a high CAGR of 12.3% to reach $14.7bn over the forecast period of 2021 to 2031, according to the report by market research and competitive intelligence provider Fact.MR.
Based on region, demand for high power RF amplifiers is expected to increase at a CAGR of 11.7% and 13.4% in the MENA and North America, respectively, over the forecast period. Together, North America and Europe represented over 30% of the global market share in 2020. The market in Latin America is expected to be valued at over $900m by 2031.
The cellular application is expected to witness sales of $6bn by 2031. Based on industry, the medical and automotive segments are anticipated to be the most lucrative with a market share of 6.2% and 8.3%, respectively, by 2031.
The market had registered an annual growth of 9.7% during 2016-2020. The report anticipates significant potential in the market, owing to the rapidly rising popularity of wireless infrastructure. The widening expansion of 5G cellular networks will remain predominantly responsible for the demand growth of high power RF amplifiers, in addition to the incessant penetration of smart devices and connected technology.
Established and newly entering semiconductor manufacturers in certain economies, including China, India, Japan, and the US, are estimated to stimulate the development of new business models. High power RF amplifier manufacturers will benefit from augmenting demand for advanced consumer electronics and network products, pushing IoT and wireless infrastructure areas further forward, according to the report.
A senior research analyst of Fact.MR said: “Increasing adoption of smart televisions, tablets, smartwatches, smartphones, and smart homes devices is likely to drive global sales of high power RF amplifiers.”
The beginning of industrial automation has seen numerous evolutionary stages, with major advancements in design, ideas, and technology. There has been a new drift of communication/connection between machines, called M2M (machine to machine) communication or IoT.
Market stakeholders and the industrial sector are leveraging the use of wireless communications and mobiles to connect equipment and machines together. Manufacturers are relying on a streamlined supply chain and collaborations with end-use industries to increase revenue generation from high power RF amplifiers.
