The market for wireless RF power semiconductors is set to grow to nearly $2 billion by 2024 as 4G LTE is expected to dominate the market for the next five years, but major shipments are happening for 5G, according to a new report from ABI Research.
Devices for 5G new radio (NR) low and mid-band took off at the beginning of 2018 with the market reaching $1 billion. That means in just five years the market will double to $2 billion as 4G deployments continue worldwide, but the industry has started to see major shipment of silicon laterally diffused metal oxide semiconductors (LDMOS) for 5G. This will only accelerate as deployments of 5G technology continue to mature.
China and the Asia-Pacific region will be the main drivers of RF power semiconductor devices sold into the mobile wireless infrastructure segment as these regions continue to rapidly deploy networking equipment. China is quickly deploying 5G networking equipment in anticipation of services coming online in 2020.
To learn more about the RF power semiconductor market, see ABI’s RF Power Semiconductor Devices for Mobile Wireless Infrastructure data report.