The global RF multiplexer switch market was valued at US$ 660.7 Mn in 2018 and is expected to reach US$ 1092.0 Mn by 2026, growing at a CAGR of 8.1% during the forecast period.
RF multiplexers (MUX) primarily provide a way for multiple RF signals to enter a controlled switch providing a selection of which input can pass through to the desired output(s). RF multiplexers offer the ability to pass through high-frequency signals without signal degradation or loss. The demand for RF multiplexer switch is increasing owing to increasing investments in telecom infrastructure have been increasing across developing countries, owing to the rising deployment of 4G and emergence of 5G networks. India is witnessing high investment in telecom infrastructure and the Indian telecom infrastructure's revenue potential is expected to reach Ã¢Â‚Â¹21,500- Ã¢Â‚Â¹31,000 crore by 2023.
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Apart from these, the growing demand for mobile wireless communications and mobile multimedia applications across the globe is driving the proliferation of mobile devices. The connectivity of mobile devices enables people to share communications and information in unparalleled ways. Because of this increased sharing demand, mobile devices must be able to support and manage ever-increasing data consumption and fifth generation wireless (5G) transmissions. These factors are going to drive the shift towards RF multiplexer switch during the forecast period.
Additionally, companies are also focusing on developing innovative products and are undertaking key collaborations to enhance their product portfolio. For instance, in February 2019, GLOBALFOUNDRIES has announced that the mobile-optimized 8SW RF SOI technology platform has delivered more than a billion dollars of client design win revenue since its launch. 8SW is enabling designers to develop solutions that offer extremely fast downloads, higher quality connections, and reliable data connectivity for today’s 4G/LTE Advanced operating frequencies and future sub-6 GHz 5G mobile and wireless communication applications.
However, factor such as insufficient bandwidth is expected to impede the growth of the RF multiplexer switch market.