Market Trends of Global RF & Microwave Small Signal Transistors Industry
This section covers the major market trends shaping the RF & Microwave Small Signal Transistors Market according to our research experts:
Proliferation of IoT Technology to Drive the Growth of the Market
IoT, in recent years, has emerged to become one of the fastest-growing technologies owing to the benefits associated with it. The technology facilitates communication between devices, the cloud, and the devices themselves. Hence, enterprises are increasing their investment in IoT technology to make their process highly interconnected. For instance, according to the Institute for Electric Efficiency forecasts, the number of smart meters installed in the United States is expected to increase to 115 million units in 2021.
Radio Frequency (RF) & Microwaves are among the key technologies to facilitate communication between IoT-enabled devices owing to the benefits such as low power consumption, good operating range, and data penetration transmission rate. As the amplification of signals is a key step in facilitating effective communication, the RF small-signal transistors are expected to witness a growth in demand.
Furthermore, the increasing investment in smart city projects across various parts of the world is also expected to drive the demand for IoT-enabled devices. For instance, in February 2021, London and five European partner cities triggered an investment of EUR 250 million in smart technologies through the Sharing Cities program. The program is intended to promote the use of smart technologies to address urban challenges and support the shift to low-carbon transport and buildings.
As smart devices such as smart lock, smart lighting, etc. increases, RF & Microwave small signal transistors with major application in signal amplification are expected to witness increased demand.
Asia Pacific to Hold Significant Share
- The Asia Pacific region is expected to drive the growth of the studied market owing to the rapid growth of several end-user industries of RF & microwave small-signal transistors. For instance, according to the Ministry of Industry and Information Technology, over 25 million vehicles will be sold in China in 2020. Furthermore, according to ITA, the domestic production of automobiles is expected to reach 35 million cars by 2025.
- As the automotive industry is among the major consumer of transistors, the increasing production of vehicles that incorporate advanced technologies such as ADAS, GPS, cruise control, etc., is expected to support the growth of the studied market. For instance, the RF transistors are used in the antenna module of the vehicles to facilitate features such as self-parking and remote control of cars.
- Small Signal RF & Microwave transistors are also used in various consumer electronic devices such as set-top boxes and mobile phones primarily as signal amplifiers. The growth of the consumer electronics industry in the APAC region is expected to create a favorable market scenario for the development of the studied market.
- For instance, according to IBEF, India's appliances and consumer electronics industry stood at USD 9.84 billion in 2021 and is expected to more than double to reach USD 21.18 billion (INR 1.48 Lakh Crore) by 2025.
