The global radio frequency components market size is expected to be worth around US$ 50,052.6 million by 2030, according to a new report by Vision Research Reports.
The global radio frequency components market size was valued at US$ 20.06 billion in 2020 and is anticipated to grow at a CAGR of 16% during forecast period 2021 to 2030.
|Market Size||US$ 50,052.6 Mn by 2030|
|Growth Rate||CAGR of 16% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Broadcom, Inc.; Fujitsu Limited; International Quantum Epitaxy Plc; NXP Semiconductors N.V.; Renesas Electronics Corporation; Murata Manufacturing Co. Limited; Taiwan Semiconductor Manufacturing Co. Limited; Texas Instruments, Inc.; and TDK Corporation.|
Continuous innovations and advancements in mobile handset technology owing to continuing transition from 2G, 3G to 4G/LTE, LTE-Advanced, LTE-Advanced Pro, and 5G lead to the rising need for maximizing power efficiency and spectrum range of the mobile devices. This, in turn, is expected to spur the demand for RF components in the forecast period.
IoT solutions require enhanced wireless connectivity, thereby driving the need for new and advanced RF components. Moreover, increasing sales of smartphones owing to constant product development offering improved performance, biosensors, long battery life, and more AI features and increasing popularity of low-end smartphones in emerging countries will boost the RF components market.
By Product Analysis
Based on the product, the market has been segmented into filters, duplexers, power amplifiers, antenna switches, and modulators and demodulators. The power amplifiers segment held over 31% of the overall market share in 2020. It is expected to witness significant growth over the forecast period as well. Increasing applications of power amplifiers in HDTV, GSM, Radar, Point-to-Point Microwave, LTE & 5G signal amplification, etc.
By Application Analysis
Based on the application, the market has been segmented into consumer electronics, automotive, military, and wireless communication. The consumer electronics segment accounted for more than 60.05% of the overall market in 2020. The segment is further expected to witness substantial growth over the forecast period.
government mandates for the installation of set-top boxes in the number of countries is estimated to fuel the segment growth further. The automotive sector is also anticipated to witness rapid growth from 2021 to 2030 owing to increasing demand for connectivity features, such as navigation systems, Bluetooth, location tracker, music system, and central locking systems, in vehicles.
By Regional Analysis
North America emerged as the leading regional market in 2020 due to the quick adoption of advanced technologies and a well-established telecommunication sector in the region. According to the International Telecommunication Union (ITU), in 2016, the percentage of individuals using the internet in the U.S. and Canada stood at 76.17% and 91.16% respectively.
This growth is attributed to rising disposable income and the resultant rise in the adoption of consumer electronics with connectivity features. Rising demand for better connectivity and mobility solutions along with an increasing number of internet users in the region is also anticipated to drive the market.
Broadcom, Inc.; Fujitsu Limited; International Quantum Epitaxy Plc; NXP Semiconductors N.V.; Renesas Electronics Corporation; Murata Manufacturing Co. Limited; Taiwan Semiconductor Manufacturing Co. Limited; Texas Instruments, Inc.; and TDK Corporation.
Modulators & Demodulators
Smart TVs & set-top boxes
Laptops & notebooks
Middle East & Africa (MEA)
The Radio Frequency Components market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Radio Frequency Components market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Radio Frequency Components market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Radio Frequency Components market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Radio Frequency Components market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Radio Frequency Components capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Radio Frequency Components by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Radio Frequency Components market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Radio Frequency Components market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Radio Frequency Components market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Radio Frequency Components industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Radio Frequency Components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Radio Frequency Components market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Radio Frequency Components market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Radio Frequency Components market. These factors have benefited the growth of the global market for Radio Frequency Components. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Radio Frequency Components. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Radio Frequency Components are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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