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The global radio frequency (RF) components market size is anticipated to reach around US$ 39,780 Mn by 2027, growing at a CAGR of around 13% in terms of revenue during the forecast period 2020 – 2027.
Radio frequency components are communication instruments which have been designed in order to link the radio wave transmission electromagnetic spectrum. These modules are widely used for communication. Various radio frequency bands are available, and each band is allocated according to specifications of different technology sectors. For instance, in TV, FM radio and amateur radio transmissions, the high frequency (VHF) band, ranging from 30-300 Hz, is used. Forthwith, the 300 megahertz (MHz) and 3 gigahertz (GHz) ultra-high frequency (UHF) range is used extensively on mobile telecommunications, Wireless LAN and bluetooth networking systems, and for cable and land broadcasting. The radio frequency part therefore varies according to the necessity or functionality of an electronic system. However, these components differ with market use, frequency, type of mounting and various other functions.
Market Insights
The major factors that are driving the growth of radio frequency component market are stringent government regulation regarding the adoption of radio frequency components mainly in consumer electronics. In fact, the rise in emerging technology, including 4G, is expected to increase in potential demand for these components. Improved use of wireless networking is also expected to boost competition in different applications including military and healthcare. This is also expected that technological innovation and advancement of materials used in radio frequency processing, including silicon germanium and gallium arsenide, would fuel demand on the market. In addition to accumulating data across mobile and fixed broadband networks, the growth of wireless technology will significantly affect a market during the forecast phase.
Report coverage
The market research study on “Radio Frequency (RF) Components Market (By Components: Filters, Duplexer, Power Amplifiers, Antenna Switches, Modulators, Demodulators, Others; By Module: TX Module, RX Module, Antenna Switch Module, Duplexer + PA Module, Multi Duplexer Module, RX + Duplexer Module; By Material: Silicon, Gallium Arsenide, Indium Phosphide; By Application: Cellular Phones, Tablets And Notebooks, SMART TVs, STB; By End-User: Consumer Electronics, Automotive, Wireless Communication, Military) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global radio frequency (RF) components market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global radio frequency (RF) components market are offering components, module, materials, application, end-user and major geographic regions. The radio frequency (RF) components market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
Asia Pacific is likely to grow the market during forecast period due to rising adoption of connectivity solutions and also increasing disposable income related with increasing demand for electronic consumer products. The development of emerging RF components technology also means that North America and Europe have a large market share in the overall RF components industry.
Key Players
The market is fragmented and over the projected period the degree of division is the same. Product launch, corporate transformation, M&A and collaboration are widening the holdings, regional reach and delivery networks of the industry players. Major players included in this report Texas Instruments, Inc., Fujitsu Limited, Broadcom, Inc., Rohm Semiconductors Co., Ltd., NXP Semiconductors N.V., Murata Manufacturing Co., Ltd., Toshiba Corporation, Qualcomm, Inc., Renesas Electronics Corporation, Mitsubishi Electric Corporation, and others.
The global radio frequency (RF) components market is segmented as below:
Market Segmentation
Radio Frequency (RF) Components Market By Component
Radio Frequency (RF) Components Market By Module
Radio Frequency (RF) Components Market By Material
Radio Frequency (RF) Components Market By Application
Radio Frequency (RF) Components Market By End-User
Radio Frequency (RF) Components Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Radio frequency components are communication instruments which have been designed in order to link the radio wave transmission electromagnetic spectrum.
The major factors that are driving the growth of radio frequency component market are stringent government regulation regarding the adoption of radio frequency components mainly in consumer electronics.
The global radio frequency components market size is anticipated to reach around US$ 39,780 Mn by 2027.
The global radio frequency (RF) components market is growing at a CAGR of around 13% in terms of revenue during the forecast period 2020 to 2027.
North America held maximum share in 2018 for radio frequency components market.
Asia Pacific is projected to grow at a fast pace during forecast period in the radio frequency components market.
Major players included in this report Texas Instruments, Inc., Fujitsu Limited, Broadcom, Inc., Rohm Semiconductors Co., Ltd., NXP Semiconductors N.V., Murata Manufacturing Co., Ltd., Toshiba Corporation, Qualcomm, Inc., Renesas Electronics Corporation, Mitsubishi Electric Corporation, and others.
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