Radio Frequency Components Market Size, Share, Growth Report 2030

Industry Perspective:

According to the report published by Zion Market Research, global demand for Radio Frequency Components Market was valued at approximately USD 20.6 Billion in 2019 and is expected to generate revenue of around USD 45.19 Billion by end of 2026, growing at a CAGR of around 14% between 2020 and 2026.

Global Radio Frequency Components Market: Overview

Any electromagnetic wave frequency within the range of ~3 kHz and 300 GHz is known as radio frequency. This frequency is typically used for communications or radar signals. The basic components needed by any communication device for its proper functioning are radio frequency components. In consumer electronics devices, the main components used in RF front-end communications include, in particular, receivers or transmitters, antenna switches, power amplifiers, duplexers, philters, and demodulators.

Global Radio Frequency Components Market: Growth Factors

Growing government regulations on the use of radio frequency components, especially in consumer electronics, are expected to drive market growth. Furthermore, the trend of new innovations, including 4 G, is likely to boost demand for these components in the future. Increased use of wireless networking in various applications, such as military and healthcare, is also expected to stimulate demand.

Technological developments, together with the production of materials used in the manufacture of radiofrequency components such as silicon germanium and gallium arsenide, are also expected to fuel demand growth. The growth of wireless infrastructure, along with data mounting through mobile and fixed broadband networks, could have a beneficial impact on the industry over the forecast period.

Report Scope:  

Global Radio Frequency Components Market: Segmentation

The global radio frequency components market is segmented based on product and application.

On the basis of product, the target market is categorized into filters, duplexers, power amplifiers, antenna switches, modulators & demodulators, and others.

Based on the application the global market is divided into consumer electronics, mobile phones, tablets, smart TVs & set-top boxes, laptops & notebooks, automotive, military, and wireless communication.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Global Radio Frequency Components Market: Regional Analysis

The North American radio frequency components market is projected to hold a significant share globally in the future, owing to early technology adopters and the well-established telecommunication sector in this region. Further, Asia Pacific is anticipated to witness considerable growth in the near future owing to increasing consumer disposable income, which in turn results in increasing adoption of consumer electronic products with connectivity features. The Europe radio frequency components market is anticipated to grow at a rapid rate in the years ahead.

Global Radio Frequency Components Market: Competitive Players

Some main participants of the radio frequency components market are Triquint Semiconductors, Murata Manufacturing, RDA Microelectronics, Skyworks Inc., RF Microdevices, and AVAGO Technologies. Other key players in the market include ANADIGICS Inc., Vectron International, Tektronix, Inc., Epson Toyocom, WIN Semiconductors Corp., and Mitsubishi Electric Corporation and among others. Major players in the global market are focusing on strengthening position in the target industry by applying various business strategies.

Radio Frequency Components Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa