Technavio Research: Technavio Projects Incremental Growth of 985 Thousand Units in the Radio-frequency Power Semiconductor Devices Market Globally During 2020-2024 | Half of the Growth to Come From APAC
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Technavio has announced its latest market research report titled Global Radio-frequency Power Semiconductor Devices Market 2020-2024 (Graphic: Business Wire)
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The development of smart cities is one of the major factors propelling market growth. However, factors such as the requirement for high investments will challenge growth.
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Based on the product, the market saw maximum growth in the superconducting magnets segment in 2019. The growth of this segment can be attributed to the extensive use of superconducting magnets in MRI systems. Besides, continuous R&D efforts in superconducting materials and magnets are further driving the growth of the segment. The market growth in the segment will be significant over the forecast period.
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