Global Radio Frequency Components Market by Product (Duplexer, Power Amplifier, Filters), by Application (Military, Consumer Electronics, Automotive) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global radio frequency components market was worth USD 18.06 billion. This number is projected to rise at a 14% CAGR from 2019 to 2025. Mobile handset technology is constantly evolving and improving. This is due to continuous transition from 2G,3G to 4G/LTE and then to 5G. The increasing need to maximize power efficiency and range are driving the demand for mobile phones. In turn, this will increase the demand for RF components over the forecast period.

IoT solutions demand enhanced wireless connectivity. This is why new and more advanced RF components are needed. The RF components market will be boosted by the constant development of smartphones that offer improved performance, biosensors and long battery lives. There are also more low-end smartphones being popular in emerging markets. The demand for RF components will rise because of the need for low-power ICs to extend battery life and reduce charging times. The product demand will rise due to the increasing adoption of IoT in industrial, residential, as well as consumer applications.

A variety of products and applications, including smart wearables, home robots, self-driving vehicles, and smart manufacturing solutions, are now being integrated with IoT technologies. This allows for increased product usage. However, these applications and products require more features such as long battery life, low-power wireless connections and diverse sensors. This is driving solution designers and manufacturers of RF components to concentrate on technological advancements in their deliverables. The market is expected to grow significantly in the coming years due to these factors.

Technological advances in the field of cell mobile and wireless communication, such as the development and deployment 5G networks, have been driven by increasing demand for broadband services, and faster speeds for mobile internet connection. Like all new generation mobile internet connectivity, 5G has a wider coverage area and lower latency than previous generations. In order to achieve greater coverage and lower latency, 5G networks will require the use of high-frequency, tall antenna macro cells sites. This will increase the demand for RF components.

The market for RF components will be affected by an increase in raw material costs. The primary raw materials for RF components are silicon wafers, a variety chemicals and photoresist material. Due to increased demand from manufacturers, there have been industry-wide price adjustments as well as delivery delays. Due to the growing demand for silicon wafers in the semiconductor industry, prices have risen.

Product Insights

The market can be divided by product into filters, duplexers power amplifiers antenna switches and modulators and demodulators. In 2018, the market share for power amplifiers was more than 30%. The market share for power amplifiers is expected to grow significantly over the forecast period. Increased use of power amplifiers in HDTV and GSM, Radar as well as Point-to-Point Microwave, LTE, and 5G signal amplifying devices. Forecasts predict that the segment will grow rapidly over the next few years. The segment filters is expected to grow rapidly over the next few years. This is due to the rapid growth of the user base for mobile devices and 4G-LTE networks. Over the next few years, the antenna switches segment will experience steady growth. This is due to increasing experimentation in switch architectures, rising applicability and advancement of IoT technology which has resulted in small, affordable, and energy-efficient solutions.

Application Insights

The market can be divided into four segments based on its application: consumer electronics, automotive and military. Wireless communication is the last segment. In 2018, the market's consumer electronics segment represented more than 60%. This segment will continue to grow over the forecast period. This could be due to rising disposable income and increased spending on consumer electronics devices such as smartphones, tablets and laptops and notebooks. Smart wearables and smart home accessories are also a contributing factor. Extensive usage of IoT technologies and technological advancements like the incorporation of AI functions (voice recognition/controls) in TVs and set-top boxes are also driving the product demand in consumer electronics.

The segment will be further fueled by government mandates to install set-top boxes in a number of countries. Due to the increasing demand for connectivity features such as Bluetooth, location tracker and music systems in cars, the automotive sector will see a rapid growth rate from 2019 to 2025. This segment is expected to see an increase in the number of automated solution installations.

Regional Insights

North America was the top regional market in 2018, thanks to its rapid adoption of new technologies and well-established telecommunications sector. According to the International Telecommunication Union, the percentage of people using the internet in Canada and the U.S. was 76.17% and 91.16% in 2016. The fastest growth is expected to be in Asia Pacific during the forecast period.

This is due to rising disposable income, which in turn drives the adoption of connectivity-enabled consumer electronics. The market is expected to grow due to rising demand for connectivity and mobility solutions, as well as an increase in internet users. China is the most likely beneficiary of the large investments made by multinational companies and the Chinese government in 20 new semiconductor fabrication projects. These will be completed by 2020.

Market Share Insights & Key Companies

The development of low-cost products that provide greater flexibility and performance, as well as faster access to mobile data, is key for industry players. Manufacturers invest in products that are energy-efficient and made from materials like Silicon Carbide or Gallium Nitride (GaN).

Companies are also focusing on specialty technologies such as RF, 3D-intelligent and sensors for 5G and IoT applications. 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 are the top companies in this market.

Radio Frequency Components Market Scope Report

The Report Covers Certain Segments

This report forecasts volume and revenue growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the report on global radio frequency components market by product, region, and application.

• Product Outlook (Revenue USD Million, 2014-2025)

  • Filters

  • Duplexer

  • Power Amplifiers

  • Antenna Switches

  • Modulators and Demodulators

  • Other

• App Outlook (Revenue USD Million, 2014-2025)

  • Consumer electronics

    • Mobile phones

    • Tablets

    • Set-top boxes & Smart TVs

    • Notebooks and laptops

  • Automotive

  • Military

  • Wireless communication

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa (MEA)

Up Market Research published a new report titled “Radio Frequency Components Market research report which is segmented by Product (Duplexer, Power Amplifier, Filters), by Application (Military, Consumer Electronics, Automotive), By Players/Companies Broadcom, Inc; and TDK Corporation, Inc; Fujitsu Limited; International Quantum Epitaxy Plc; NXP Semiconductors NV; Renesas Electronics Corporation; Murata Manufacturing Co Limited; Taiwan Semiconductor Manufacturing Co Limited; Texas Instruments”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Radio Frequency Components Market Report Segments:

The market is segmented by Product (Duplexer, Power Amplifier, Filters), by Application (Military, Consumer Electronics, Automotive).

Radio Frequency Components Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Radio Frequency Components Market

Overview of the regional outlook of the Radio Frequency Components Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Radio Frequency Components Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Radio Frequency Components Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Duplexer

                2. Power Amplifier

                3. Filters

                1. Military

                2. Consumer Electronics

                3. Automotive

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Radio Frequency Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Radio Frequency Components Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.