Global Radio Frequency Components Market

Radio Frequency Components Market Size, Share, Growth Analysis, By Product(Filters, Duplexer, Power Amplifiers, Antenna Switches), By Application(Consumer Electronics (Mobile Phones, Tablets, Smart TVs & set-top boxes, Laptops & Notebooks)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45O2010 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 70 |Figures: 76

Radio Frequency Components Market Insights

Global Radio Frequency Components Market size was valued at USD 39.02 Billion in 2022 and is poised to grow from USD 43.84 Billion in 2023 to USD 111.20 Billion by 2031, at a CAGR of 12.34% during the forecast period (2024-2031).

Improved wireless connectivity is necessary for IoT systems, necessitating the use of novel and trying to cut radio frequency components. A notable aspect of the market will continue to be the rising sales of smartphones as a result of ongoing product development. The radio frequency components are going to profit from the introduction of new smartphones with enhanced performance, biosensors, long battery lives, and more AI features as well as the growing acceptance of low-end smartphones in emerging markets. As a result, the demand for radio frequency components is anticipated to increase due to the need for low-power ICs to maximize battery life and shorten charging time in smartphones. Moreover, expected to increase the need for radio frequency components is the growing usage of IoT across commercial, home, and consumer applications.

In addition, a variety of products and services, including household robots, intelligent wearables, self-driving cars, and smart manufacturing tools and solutions, are integrating IoT technologies, expanding the radio frequency component's potential uses. The need for features like increased battery life, low-power wireless connections, and a variety of sensors in these goods and applications is forcing producers of radio frequency components and solution designers to put more of an emphasis on technological advancements in their products. The industry for radio frequency components is expected to experience significant expansion in the years to come as a result of the aforementioned considerations.

Technological advancements in the fields of wireless and cellular mobile communication, including the development and deployment stages of 5G networks, are being driven by the need for broadband services and faster speeds for mobile internet connectivity. Also, the 5G network is comparable to the current generation's internet access in that it provides a greater coverage area and lower latency than earlier generations. Radio frequency components will be used more frequently as a result of the advent of 5G networks in wireless communication, which will necessitate low-frequency and tall antenna macro cell sites for higher area coverage.

US Radio Frequency Components Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 39.02 Billion

Largest Segment

Filters

Fastest Growth

Filters

Growth Rate

12.34% CAGR

Global Radio Frequency Components Market By Product ($ Bn)
Country Share for Asia Pacific Region (%)

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Radio Frequency Components Market Segmental Analysis

The Global Radio Frequency Components Market is segmented based on product, application and region. Based on product the Radio Frequency Components Market is segmented into duplexer, power amplifiers, filters, antenna switches, modulators & demodulators, and others. Based on the application the Radio Frequency Components Market is segmented into consumer electronics (tablets, smart TVs & set-top boxes, mobile phones, laptops & notebooks), automotive, military, wireless communication. Based on region the Radio Frequency Components Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Radio Frequency Components Market Analysis by Product

The segment has been broken into duplexers, filter power amplifiers, antenna switches, modulators, and demodulators based on the kind of product. In 2022, the power amplifier market share was 34.05%. It is also likely to undergo significant growth during the forecast time. The segment will grow in the following year due to an increase in power amplifier applications in GSM, radar HDTV, LTE point-to-point microwave, 5G signal amplification, etc.

The filters category is predicted to grow quickly throughout the course of the projection period. The rapid adoption of mobile devices and 4G LTE networks by users is largely to blame for this. The aerial switch market is predicted to increase steadily over the years of the projection. The increasing switch architecture experimentation, expanding applications, and growth of IoT technologies can be credited with the creation of small, inexpensive, and energy-efficient solutions.

Radio Frequency Components Market Analysis by Application

According to the application, the market has been segmented into wireless communication, automobile consumer electronics, and military. The consumer electronics industry accounted for 64.71% of the market in 2022. The segment is expected to grow significantly over the estimated time frame. This could be attributed to rising disposable income and rising consumer electronics spending on products like smart wearable notebooks, smartphones, tablets, and laptops. The growing usage of IoT technologies and technical advancements like the incorporation of AI functions (control/voice recognition) in set-top boxes and TVs are also contributing to the demand for consumer electronics devices.

Government requirements for the installation of set-top boxes in a number of nations are also anticipated to spur further segment expansion. The need for connectivity features like navigation systems, Bluetooth, position trackers, music systems, and central locking systems in vehicles is expected to increase, which will lead to significant expansion in the automotive industry. The need for products in this market is also anticipated to rise as more automobiles adopt automation solutions.

Global Radio Frequency Components Market By Product, 2023 (%)

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Radio Frequency Components Market Regional Insights

Asia Pacific was the top regional market, with the largest market share of 32.38% in 2022 and the fastest growth rate of 16. 4% throughout the projection period. The surge is related to the increase in demand for radio frequency components in consumer electronics applications. A growing variety of devices, including computers, tablets, and mobile phones, require power amplifiers and duplexers. Frequency up and down conversion uses radio frequency components. The radio frequency down converter converts the radio frequency signal into a baseband signal so that it can be utilized in GSM. Due to the increasing acceptance of radio frequency components due to their capacity to supply or control coverage using some type of antenna or transmission system, it is predicted that the demand for them in the Asia Pacific region for consumer electronics applications will increase tremendously.

North America is anticipated to account for a sizable chunk of the worldwide market due to the region's developed telecom sector and larger percentage of early adopters of technology. Modern technologies have a history of being adopted here first. Next, the Asia-Pacific and European areas are predicted to have significant demand for radio frequency components.

Global Radio Frequency Components Market By Region, 2024-2031
  • Largest
  • Fastest

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Radio Frequency Components Market Dynamics

Radio Frequency Components Market Drivers

Rising Interest in Wireless Communication Systems to Bolster Market Growth

  • The demand for RF components has increased due to the expansion in mobile and IoT devices because they are essential for wireless communication.
  • In order to support quicker and more reliable connectivity, the adoption of 5G technology necessitates a greater number of RF components, increasing demand.
  • The demand for RF components is rising as IoT devices are being adopted more widely in sectors such as healthcare, automotive, and smart homes.

Radio Frequency Components Market Restraints

High Cost to Hinder Market Growth

  • The market is significantly limited by the high cost of RF components, especially for small and medium-sized firms that may lack the funding to purchase pricey RF components.
  • Due to their complexity and need for specialized knowledge and experience, RF components have a limited supply, which can drive up costs.
  • The performance and dependability of RF components might be hampered by technological constraints like power consumption and thermal management problems.

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Radio Frequency Components Market Competitive Landscape

The competition among the biggest names in the industry is based on the creation of low-cost solutions with greater flexibility and performance as well as quicker access to mobile data. Also, producers spend money creating items with energy-efficient parts made of materials like silicon carbide and gallium nitride (GaN) (SiC). Also, businesses are concentrating on cutting-edge specialty technologies for 5G and IoT applications, such as radio frequency with 3D intelligent sensors.

Radio Frequency Components Market Top Player’s Company Profiles

  • Qorvo
  • Analog Devices
  • Texas Instruments
  • Murata Manufacturing
  • NXP Semiconductors
  • Mitsubishi Electric
  • STMicroelectronics
  • Infineon Technologies
  • TE Connectivity
  • ON Semiconductor
  • MACOM Technology Solutions
  • Renesas Electronics
  • Microchip Technology
  • Silicon Laboratories
  • MaxLinear
  • Anritsu
  • Rohde & Schwarz
  • Others.

Radio Frequency Components Market Recent Developments

  • In October 2022, NXP Semiconductors unveiled new development platforms that support Matter in an effort to expedite and quicken the creation of Matter devices for smart homes and buildings. Designers may simply take advantage of NXP's broad array of processing, networking, and security technologies with the aid of these new Matter development platforms.
  • In November 2022, Renesas Electronics Corporation, a top supplier of advanced semiconductor solutions, created a 4x4-channel, 76-81GHz transceiver to meet the exacting requirements of ADAS (advanced driver assistance systems) and Level 3 and higher autonomous driving applications.

Radio Frequency Components Key Market Trends

  • Automobiles with sophisticated RF electrical components are now significantly safer, more effective, and networked. Radio established the foundation for wireless RF integration in the automotive sector, and it continues to play a crucial role in the sector today. Furthermore, the proliferation of RF-based car technologies is not solely focused on features that benefit passengers. A vehicle's RF-based subsystems are utilized for functions like remote keyless entry, pressure monitoring, software upgrades, etc.
  • Moreover, modern car radar frequently comes in the shape of a module that includes an RF board and a signal processing board. The five main functional components of a conventional vehicular radar module are the antenna, the RF section, the high-speed digital interface, the signal processor, and the power section. To broaden their offering of RF component solutions, additional businesses are also engaging in mergers and acquisitions. Tangles announced the completion of its acquisition of Think Wireless, Inc. in January 2020. (Antenna provider). Tangles Group hopes to grow its presence in the trucking, bus, off-road, and motorbike industries by opening new, complementary areas with these acquisitions, such as the commercial vehicle sector.

Radio Frequency Components Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, we found that the Radio Frequency Components market is Improved wireless connectivity is necessary for IoT systems, necessitating the use of novel and trying to cut radio frequency components. A notable aspect of the market will continue to be the rising sales of smartphones as a result of ongoing product development. The radio frequency components are going to profit from the introduction of new smartphones with enhanced performance, biosensors, long battery lives, and more AI features as well as the growing acceptance of low-end smartphones in emerging markets. In addition, a variety of products and services, including household robots, intelligent wearables, self-driving cars, and smart manufacturing tools and solutions, are integrating IoT technologies, expanding the radio frequency component's potential uses. The need for features like increased battery life, low-power wireless connections, and a variety of sensors in these goods and applications is forcing producers of radio frequency components and solution designers to put more of an emphasis on technological advancements in their products.

Report Metric Details
Market size value in 2023 USD 39.02 Billion
Market size value in 2031 USD 111.20 Billion
Growth Rate 12.34%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Filters, Duplexer, Power Amplifiers, Antenna Switches, Modulators & Demodulators, Others
  • Application
    • Consumer Electronics (Mobile Phones, Tablets, Smart TVs & set-top boxes, Laptops & Notebooks), Automotive, Military, Wireless Communication
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Qorvo
  • Analog Devices
  • Texas Instruments
  • Murata Manufacturing
  • NXP Semiconductors
  • Mitsubishi Electric
  • STMicroelectronics
  • Infineon Technologies
  • TE Connectivity
  • ON Semiconductor
  • MACOM Technology Solutions
  • Renesas Electronics
  • Microchip Technology
  • Silicon Laboratories
  • MaxLinear
  • Anritsu
  • Rohde & Schwarz
  • Others.
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Radio Frequency Components Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Radio Frequency Components Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Radio Frequency Components Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Radio Frequency Components Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Radio Frequency Components Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Radio Frequency Components Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Radio Frequency Components Market size was valued at USD 39.02 Billion in 2022 and is poised to grow from USD 43.84 Billion in 2023 to USD 111.20 Billion by 2031, at a CAGR of 12.34% during the forecast period (2024-2031).

The competition among the biggest names in the industry is based on the creation of low-cost solutions with greater flexibility and performance as well as quicker access to mobile data. Also, producers spend money creating items with energy-efficient parts made of materials like silicon carbide and gallium nitride (GaN) (SiC). Also, businesses are concentrating on cutting-edge specialty technologies for 5G and IoT applications, such as radio frequency with 3D intelligent sensors. 'Qualcomm', 'Broadcom', 'Skyworks Solutions', 'Qorvo', 'Analog Devices', 'Texas Instruments', 'Murata Manufacturing', 'NXP Semiconductors', 'Mitsubishi Electric', 'STMicroelectronics', 'Infineon Technologies', 'TE Connectivity', 'ON Semiconductor', 'MACOM Technology Solutions', 'Renesas Electronics', 'Microchip Technology', 'Silicon Laboratories', 'MaxLinear', 'Anritsu', 'Rohde & Schwarz', 'Others.'

The demand for RF components has increased due to the expansion in mobile and IoT devices because they are essential for wireless communication.

Automobiles with sophisticated RF electrical components are now significantly safer, more effective, and networked. Radio established the foundation for wireless RF integration in the automotive sector, and it continues to play a crucial role in the sector today. Furthermore, the proliferation of RF-based car technologies is not solely focused on features that benefit passengers. A vehicle's RF-based subsystems are utilized for functions like remote keyless entry, pressure monitoring, software upgrades, etc.

Asia Pacific was the top regional market, with the largest market share of 32.38% in 2022 and the fastest growth rate of 16. 4% throughout the projection period. The surge is related to the increase in demand for radio frequency components in consumer electronics applications. A growing variety of devices, including computers, tablets, and mobile phones, require power amplifiers and duplexers. Frequency up and down conversion uses radio frequency components. The radio frequency down converter converts the radio frequency signal into a baseband signal so that it can be utilized in GSM. Due to the increasing acceptance of radio frequency components due to their capacity to supply or control coverage using some type of antenna or transmission system, it is predicted that the demand for them in the Asia Pacific region for consumer electronics applications will increase tremendously.

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