The key factors fueling the growth of this market include increasing number of telecom infrastructure in remote areas, growing adoption of telecom services and high data traffic, rising awareness about reducing carbon footprint from telecom power systems, growing adoption of hybrid power systems, increasing technological advancements in cellular networks, rising use of GaN-based power devices with evolution of 5G technology, surging requirements for advance telecom infrastructure and M2M connections.
Global telecom power system market is projected to grow from USD 3.9 billion in 2022 to USD 5.4 billion by 2027; it is expected to grow at a CAGR of 7.1% from 2022 to 2027.
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With time and understanding about telecommunication services such as voice, internet, networking, and data services, people have started adopting them at a faster pace. With the growing need for telecommunication services, they are now used in all sectors i.e., schools, offices, data centers, healthcare, etc.
The speed and reliability of advanced telecom infrastructure are expected to have a massive impact on machine-to-machine (M2M) and IoT. Key reasons for the increased adoption of new M2M technologies are better connectivity for smooth communication and low power requirement. The existing capacity of mobile networks must be able to handle billions of nodes that are expected to ascend in the next couple of years to achieve effective M2M communication. Currently, the network capacity is incapable of handling M2M and human-based communications, as well as their different communication patterns such as latency time. For this reason, a next-level cellular network for mobile communication, featuring hyper-connectivity, larger bandwidth, and low power requirement is required. The growth and boom of IoT (Internet of Things) and M2M technologies require advanced telecom infrastructure, which will further improvise the connectivity, which, in turn, is an opportunity for this market to grow.
All transmitters and receivers are embedded with semiconductor devices. There is a high level of design complexity in semiconductor devices. The major challenge for designers is to achieve better power efficiency while keeping the cost low and the structureless complex, particularly for devices working at higher frequency bands (SHF and EHF). Also, the varying requirements of different applications further increase the design complexity of semiconductor devices. Device manufacturers must continuously upgrade the design to accommodate changes such as the upgrading of LTE technology and the evolution of 5G technology. These rapid technological developments are creating design challenges that include maximizing linearity and isolation, managing power consumption, and antenna tuning. High integration is required since an increasing number of bands must squeeze into the limited space allocated to the telecom power systems.
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