The worldwide market for Power Semiconductor Switches is expected to grow at a CAGR of roughly 5.3% over the next five years, will reach 7330 million US$ in 2024, from 5360 million US$ in 2019.
The global Power Semiconductor Switches market research report presents the historic, current and expected future market size, position, of the Power Semiconductor Switches industry. The report further signifies the upcoming challenges, restraints and unique opportunities in the Power Semiconductor Switches market. The report demonstrates the trends and technological advancement ongoing in the Power Semiconductor Switches industry. In addition to the current inclinations over technologies and capabilities, the report also presents variable structure of the market, worldwide.
Power Semiconductor Switches are the discrete power device. A discrete power device (or discrete component) is an electronic component with just one circuit element, other than an integrated circuit. It is an electronic component widely used in automotive & transportation, industrial, consumer, communication and among others. The power transistors and thyristors are called Power Semiconductor Switches, which include PowerMOSFETs, IGBTs, Bipolar Power Transistors, SCR, GTO etc.
RF Power Semiconductor Market
The APAC region is expected to witness huge growth opportunities for the companies operating worldwide and it is the leading region in terms of market size in the worldwide RF power semiconductor market. The established electronics industry in the APAC region is the major driving factor for its growth in the global RF power semiconductor market. Furthermore, the low manufacturing and developing costs in APAC countries such as Taiwan, Malaysia, and China also propel the growth of the RF power semiconductor market in the region. The worldwide market for RF Power Semiconductor is expected to grow at a CAGR of roughly 15.3% over the next five years, will reach 26500 million US$ in 2023, from 11300 million US$ in 2017, according to a new GIR (Global Info Research) study.