The global RF switch market was valued at US$ 1,535.1 Mn in 2018 and is expected to reach US$ 2,433.9 Mn by 2026, growing at a CAGR of 7.5% during the forecast period.
The radio frequency switch is a source for direction of high frequency signals over broadcast tracks. RF switch are widely used in wireless systems for finding wide signal routing used in switching signals from antennas to the transmit and receive chains. It has also become an essential compound for various space applications. The demand for antennas tuners has increased in the recent period, as they are primarily being used in smartphone devices. Manufacturers of antenna tuners are extensively using RF MEMS in the production of antenna tuners, as they provide size advantages under space constraints. These antenna tuners are used over a broad spectrum of frequencies including mm Wave frequencies for 5G networks. Thus, the adoption of RF MEMS in the manufacturing of antenna tuners is increasing among smartphone.
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Apart from these, increasing adoption of power electronics in electric vehicles and rising need for power management devices have led to the higher adoption of power electronics in energy & power, automotive, consumer electronics, and other industries. The global power electronics market is expected to witness moderate growth in the future, owing to high-speed switching rate and optimized power loss. Increasing use of electronic devices in automobiles to ensure vehicle safety, carry out user authentication, etc., is also contributing to the growth of the transportation segment of the power electronics market. These factors are going to drive the shift towards RF 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 October 2019, Qorvo, a semiconductor company, has planned to acquire Cavendish Kinetics, an RF MEMS company. This will help in improving Qorvo’s capabilities in antenna tuning and in enhancing the 4G and 5G system performance.
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