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
Report Attribute |
More Details |
2020 Market Size Value |
USD 23,793.7 Million |
Forecast Revenues in 2025 |
USD 45,052.6 Million |
Growth Rate |
CAGR of 14.0% between 2019 and 2025 |
Estimation base year |
2018 |
Historical data |
2014 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
From 2019 to 2025, revenue in USD millions and CAGR |
Report coverage |
Forecast revenue, company ranking and competitive landscape, growth factors, trends |
Segments covered |
Product, region, and application. |
Regional scope |
North America; Europe, Asia Pacific; Latin America; Middle East and Africa. |
Country coverage |
U.S., Canada, U.K., Germany; China; India and Japan |
Key companies profiled |
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. |
The scope of customization |
With purchase, you get a free report customization (equivalent to up to 8 analysts working day) You can add or modify country, regional and segment scope. |
Prices and purchase options |
You can get customized purchase options that meet your specific research needs. Explore your purchase options |
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.
Report Scope
Report Attributes | Report Details |
Report Title | Radio Frequency Components Market Research Report |
By Product | Duplexer, Power Amplifier, Filters |
By Application | Military, Consumer Electronics, Automotive |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 210 |
Number of Tables & Figures | 147 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Radio Frequency Components Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Duplexer
2. Power Amplifier
3. Filters
7. By Application:1. Military
2. Consumer Electronics
3. Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radio Frequency Components Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Radio Frequency Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radio Frequency Components Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Radio Frequency Components Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Radio Frequency Components Market Size & Forecast, 2018-2028
4.5.1 Radio Frequency Components Market Size and Y-o-Y Growth
4.5.2 Radio Frequency Components Market Absolute $ Opportunity
Chapter 5 Global Radio Frequency Components Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Radio Frequency Components Market Size Forecast by Product
5.2.1 Duplexer
5.2.2 Power Amplifier
5.2.3 Filters
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Radio Frequency Components Market Analysis and Forecast by Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Application
6.1.2 Basis Point Share (BPS) Analysis by Application
6.1.3 Absolute $ Opportunity Assessment by Application
6.2 Radio Frequency Components Market Size Forecast by Application
6.2.1 Military
6.2.2 Consumer Electronics
6.2.3 Automotive
6.3 Market Attractiveness Analysis by Application
Chapter 7 Global Radio Frequency Components Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radio Frequency Components Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Radio Frequency Components Analysis and Forecast
9.1 Introduction
9.2 North America Radio Frequency Components Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Radio Frequency Components Market Size Forecast by Product
9.6.1 Duplexer
9.6.2 Power Amplifier
9.6.3 Filters
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
9.10 North America Radio Frequency Components Market Size Forecast by Application
9.10.1 Military
9.10.2 Consumer Electronics
9.10.3 Automotive
9.11 Basis Point Share (BPS) Analysis by Application
9.12 Absolute $ Opportunity Assessment by Application
9.13 Market Attractiveness Analysis by Application
Chapter 10 Europe Radio Frequency Components Analysis and Forecast
10.1 Introduction
10.2 Europe Radio Frequency Components Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Radio Frequency Components Market Size Forecast by Product
10.6.1 Duplexer
10.6.2 Power Amplifier
10.6.3 Filters
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
10.10 Europe Radio Frequency Components Market Size Forecast by Application
10.10.1 Military
10.10.2 Consumer Electronics
10.10.3 Automotive
10.11 Basis Point Share (BPS) Analysis by Application
10.12 Absolute $ Opportunity Assessment by Application
10.13 Market Attractiveness Analysis by Application
Chapter 11 Asia Pacific Radio Frequency Components Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radio Frequency Components Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Radio Frequency Components Market Size Forecast by Product
11.6.1 Duplexer
11.6.2 Power Amplifier
11.6.3 Filters
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
11.10 Asia Pacific Radio Frequency Components Market Size Forecast by Application
11.10.1 Military
11.10.2 Consumer Electronics
11.10.3 Automotive
11.11 Basis Point Share (BPS) Analysis by Application
11.12 Absolute $ Opportunity Assessment by Application
11.13 Market Attractiveness Analysis by Application
Chapter 12 Latin America Radio Frequency Components Analysis and Forecast
12.1 Introduction
12.2 Latin America Radio Frequency Components Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Radio Frequency Components Market Size Forecast by Product
12.6.1 Duplexer
12.6.2 Power Amplifier
12.6.3 Filters
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
12.10 Latin America Radio Frequency Components Market Size Forecast by Application
12.10.1 Military
12.10.2 Consumer Electronics
12.10.3 Automotive
12.11 Basis Point Share (BPS) Analysis by Application
12.12 Absolute $ Opportunity Assessment by Application
12.13 Market Attractiveness Analysis by Application
Chapter 13 Middle East & Africa (MEA) Radio Frequency Components Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radio Frequency Components Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Radio Frequency Components Market Size Forecast by Product
13.6.1 Duplexer
13.6.2 Power Amplifier
13.6.3 Filters
13.7 Basis Point Share (BPS) Analysis by Product
13.8 Absolute $ Opportunity Assessment by Product
13.9 Market Attractiveness Analysis by Product
13.10 Middle East & Africa (MEA) Radio Frequency Components Market Size Forecast by Application
13.10.1 Military
13.10.2 Consumer Electronics
13.10.3 Automotive
13.11 Basis Point Share (BPS) Analysis by Application
13.12 Absolute $ Opportunity Assessment by Application
13.13 Market Attractiveness Analysis by Application
Chapter 14 Competition Landscape
14.1 Radio Frequency Components Market: Competitive Dashboard
14.2 Global Radio Frequency Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Broadcom
14.3.2 Inc; and TDK Corporation
14.3.3 Inc; Fujitsu Limited; International Quantum Epitaxy Plc; NXP Semiconductors NV; Renesas Electronics Corporation; Murata Manufacturing Co Limited; Taiwan Semiconductor Manufacturing Co Limited; Texas Instruments