The global radio frequency components market size is expected to reach USD 88.12 billion by 2030 and it is expected to expand at 14.2% CAGR from 2023 to 2030. The growth is expected to be driven by the high demand for devices that can establish direct wireless connectivity with the internet, including tablets, smartphones, smartwatches, drones, smart televisions, and smart home devices. Radiofrequency (RF) components industry’s growth is also anticipated to be aided by technological advancements in the field of wireless communication and advancements in materials utilized in the production of RF components, such as gallium arsenide (GaAs) and silicon germanium (SiGe).
These materials make it possible to combine analog and digital circuits onto a single chip, reducing the cost of producing the component. These parts are used in a variety of sectors, including consumer electronics, automotive, and military. In the upcoming years, it is anticipated that the consumer electronics application category would expand significantly due to rising consumer spending on electronic devices such as tablets, laptops, smartphones, and personal computers. Additionally, new radio frequency technologies are being developed that offer goods with a dynamic power range, higher frequencies, and reduced noise parameters, allowing for the construction of next-generation electronic components. The demand for products has been considerably impacted by the rising acceptance of high-speed networks like 4G and 5G, which has fueled the market for radio frequency components.
The International Telecommunication Union (ITU) estimates that there were 3.7 billion internet users worldwide in 2018, and that figure will rise to 5.3 billion by 2022. The global trend of steadily increasing internet and mobile phone users is probably going to have a beneficial effect on the market's growth prospects in the near future. The demand for advanced radio frequency solutions, such as switches, integrated modules, phase shifters, and other high-performance radio frequency solutions, has increased due to the growing demand for wireless communication solutions, including 5G, to allow wider channel bandwidths and greater data capacity than current or previous generation networks.
Additionally, 5G offers high-data-rate wireless connections, such as 4K/8K ultra High-Definition (HD) TV streaming, with an operational frequency range of 24 GHz to 95 GHz. Due to 5G networks' expanded coverage and decreased latency, there is an increased need for radio frequency components in wireless devices. On the other hand, a rise in raw material costs is anticipated to have a negative impact on the expansion of the market for radio frequency components. The vendor landscape of the RF components market is extremely fragmented in nature, which leads to fierce competition among important businesses and volatility in price margins based on competitive dynamics.
These materials make it possible to combine analog and digital circuits onto a single chip, reducing the cost of producing the component. These parts are used in a variety of sectors, including consumer electronics, automotive, and military. In the upcoming years, it is anticipated that the consumer electronics application category would expand significantly due to rising consumer spending on electronic devices such as tablets, laptops, smartphones, and personal computers. Additionally, new radio frequency technologies are being developed that offer goods with a dynamic power range, higher frequencies, and reduced noise parameters, allowing for the construction of next-generation electronic components. The demand for products has been considerably impacted by the rising acceptance of high-speed networks like 4G and 5G, which has fueled the market for radio frequency components.
The International Telecommunication Union (ITU) estimates that there were 3.7 billion internet users worldwide in 2018, and that figure will rise to 5.3 billion by 2022. The global trend of steadily increasing internet and mobile phone users is probably going to have a beneficial effect on the market's growth prospects in the near future. The demand for advanced radio frequency solutions, such as switches, integrated modules, phase shifters, and other high-performance radio frequency solutions, has increased due to the growing demand for wireless communication solutions, including 5G, to allow wider channel bandwidths and greater data capacity than current or previous generation networks.
Additionally, 5G offers high-data-rate wireless connections, such as 4K/8K ultra High-Definition (HD) TV streaming, with an operational frequency range of 24 GHz to 95 GHz. Due to 5G networks' expanded coverage and decreased latency, there is an increased need for radio frequency components in wireless devices. On the other hand, a rise in raw material costs is anticipated to have a negative impact on the expansion of the market for radio frequency components. The vendor landscape of the RF components market is extremely fragmented in nature, which leads to fierce competition among important businesses and volatility in price margins based on competitive dynamics.
Radio Frequency Components Market Report Highlights
- The need for 4G smartphones will cause the power amplifiers in the product segment, which had over 34% of the market share in 2022, to grow even more throughout the projected period
- The consumer electronics sector will develop significantly between 2018 and 2030, accounting for almost 64% of all applications in 2022
- In 2023, the North American region accounted for about 29% of worldwide sales. It is projected that robust demand for better mobility solutions will propel the regional industry even further
Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
Chapter 3. Radio Frequency Components Industry Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2018 - 2030
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.4.3. Market opportunity analysis
3.5. Penetration and Growth Prospect Mapping
3.6. Industry Analysis - Porter's Five Forces Analysis
3.6.1. Buying Power
3.6.2. Supplier Power
3.6.3. Industry Rivalry
3.6.4. Threat of Substitutes
3.6.5. Threat of New Entrants
3.7. Company Market Share Analysis, 2022
3.8. PEST Analysis
3.8.1. Political Landscape
3.8.2. Environmental Landscape
3.8.3. Social Landscape
3.8.4. Technological Landscape
Chapter 4. Radio Frequency Components Market: Product Outlook
4.1. Global Radio Frequency Components Market Estimates And Forecasts, By Product, 2022 & 2030 (USD Million)
4.2. Filters
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.2.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
4.3. Duplexer
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
4.4. Power Amplifiers
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
4.5. Antenna Switches
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.5.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
4.6. Modulators & Demodulators
4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.6.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
Chapter 5. Radio Frequency Components Market: Application Outlook
5.1. Global Radio Frequency Components Market Estimates and Forecasts, By Application, 2022 & 2030 (USD Million)
5.2. Consumer electronics
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
5.2.3. Mobile phones
5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2.3.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
5.2.4. Tablets
5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2.4.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
5.2.5. Smart TVs & set top boxes
5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2.5.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
5.2.6. Laptops & notebooks
5.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2.6.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
5.3. Automotive
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
5.4. Military
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
5.5. Wireless communication
5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5.2. Market estimates and forecasts by region, 2018 - 2030 (USD Million)
Chapter 6. Radio Frequency Components Market: Regional Outlook
6.1. Global Radio Frequency Components Market Estimates And Forecasts, By Region, 2022 & 2030 (USD Million)
6.2. North America
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.2.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.4.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.2.4.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.5.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.2.5.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.3.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.3.4. U.K.
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.4.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.3.4.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.3.5. Germany
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.5.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.3.5.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.3.6. Rest of Europe
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.6.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.3.6.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.4.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.4.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.4.4.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.4.5. India
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.5.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.4.5.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.6.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.4.6.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.4.7. Rest of Asia Pacific
6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.7.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.4.7.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.5. Latin America
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.5.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.4.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.5.4.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.5.4. Mexico
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.4.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.5.4.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.5.6. Rest of Latin America
6.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.6.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.5.6.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.6.2. Market estimates and forecasts by product, 2018 - 2030 (USD Million)
6.6.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Broadcom, Inc.
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Recent developments
7.2. TDK Corporation
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Recent developments
7.3. NXP Semiconductors N.V.
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.3.4. Recent developments
7.4. Fujitsu Ltd.
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Recent developments
7.5. International Quantum Epitaxy Plc
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Recent developments
7.6. Murata Manufacturing Co., Ltd
7.6.1. Company overview
7.6.2. Financial performance
7.6.3. Product benchmarking
7.6.4. Recent developments
7.7. Unisoc Communication Inc.
7.7.1. Company overview
7.7.2. Financial performance
7.7.3. Product benchmarking
7.7.4. Recent developments
7.8. Renesas Electronics Corporation
7.8.1. Company overview
7.8.2. Financial performance
7.8.3. Product benchmarking
7.8.4. Recent developments
7.9. Skyworks Solution Inc.
7.9.1. Company overview
7.9.2. Financial performance
7.9.3. Product benchmarking
7.9.4. Recent developments
7.10. Skyworks Solution Inc.
7.10.1. Company overview
7.10.2. Financial performance
7.10.3. Product benchmarking
7.10.4. Recent developments
7.11. ROHM Co., Ltd
7.11.1. Company overview
7.11.2. Financial performance
7.11.3. Product benchmarking
7.11.4. Recent developments
7.12. Texas Instruments Inc.
7.12.1. Company overview
7.12.2. Financial performance
7.12.3. Product benchmarking
7.12.4. Recent developments
7.13. Taiwan Semiconductor Manufacturing Company Limited
7.13.1. Company overview
7.13.2. Financial performance
7.13.3. Product benchmarking
7.13.4. Recent developments
7.14. Toshiba Electronics Devices & Storage Corporation
7.14.1. Company overview
7.14.2. Financial performance
7.14.3. Product benchmarking
7.14.4. Recent developments
List of Tables
Table 1 Global Radio Frequency Components market, 2018 - 2030 (USD Million)
Table 2 Global Radio Frequency Components market, by product, 2018 - 2030 (USD Million)
Table 3 Global Radio Frequency Components market, by application, 2018 - 2030 (USD Million)
Table 4 Global Radio Frequency Components market, by region, 2018 - 2030 (USD Million)
Table 5 Filters market, 2018 - 2030 (USD Million)
Table 6 Filters market by region, 2018 - 2030 (USD Million)
Table 7 Duplexer market, 2018 - 2030 (USD Million)
Table 8 Duplexer market by region, 2018 - 2030 (USD Million)
Table 9 Power amplifiers market, 2018 - 2030 (USD Million)
Table 10 Power amplifiers market by region, 2018 - 2030 (USD Million)
Table 11 Antenna switches market, 2018 - 2030 (USD Million)
Table 12 Antenna switches market by region, 2018 - 2030 (USD Million)
Table 13 Modulators & demodulators market, 2018 - 2030 (USD Million)
Table 14 Modulators & demodulators market, 2018 - 2030 (USD Million)
Table 15 Others market, 2018 - 2030 (USD Million)
Table 16 Others market, 2018 - 2030 (USD Million)
Table 17 Radio Frequency components demand in consumer electronics market, 2018 - 2030 (USD Million)
Table 18 Radio Frequency components demand in consumer electronics market, by region, 2018 - 2030 (USD Million)
Table 19 Radio Frequency components demand in mobile phones, 2018 - 2030 (USD Million)
Table 20 Radio Frequency components demand in mobile phones, by region, 2018 - 2030 (USD Million)
Table 21 Radio Frequency components demand in tablets, 2018 - 2030 (USD Million)
Table 22 Radio Frequency components demand in tablets, by region, 2018 - 2030 (USD Million)
Table 23 Radio Frequency components demand in smart TVs & set top boxes, 2018 - 2030 (USD Million)
Table 24 Radio Frequency components demand in smart TVs & set top boxes, by region, 2018 - 2030 (USD Million)
Table 25 Radio Frequency components demand in laptops & notebooks, 2018 - 2030 (USD Million)
Table 26 Radio Frequency components demand in laptops & notebooks, by region, 2018 - 2030 (USD Million)
Table 27 Radio Frequency components demand in automotive, 2018 - 2030 (USD Million)
Table 28 Radio Frequency components demand in automotive, by region, 2018 - 2030 (USD Million)
Table 29 Radio Frequency components demand in military, 2018 - 2030 (USD Million)
Table 30 Radio Frequency components demand in military, by region, 2018 - 2030 (USD Million)
Table 31 Radio Frequency components demand in wireless communication, 2018 - 2030 (USD Million)
Table 32 Radio Frequency components demand in wireless communication, by region, 2018 - 2030 (USD Million)
Table 33 North America Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 34 North America Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 35 U.S. Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 36 U.S. Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 37 Canada Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 38 Canada Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 39 Europe Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 40 Europe Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 41 U.K. Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 42 U.K. Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 43 Germany Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 44 Germany Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 45 Rest of Europe Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 46 Rest of Europe Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 47 Asia Pacific Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 48 Asia Pacific Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 49 China Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 50 China Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 51 India Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 52 India Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 53 Japan Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 54 Japan Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 55 Rest of Asia Pacific Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 56 Rest of Asia Pacific Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 57 Latin America Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 58 Latin America Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 59 Brazil Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 60 Brazil Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 61 Mexico Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 62 Mexico Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 63 Rest of Latin America Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 64 Rest of Latin America Radio Frequency components market by application, 2018 - 2030 (USD Million)
Table 65 MEA Radio Frequency components market by product, 2018 - 2030 (USD Million)
Table 66 MEA Radio Frequency components market by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Research process
Fig. 2 Information procurement
Fig. 3 Radio Frequency components regional market place: Key takeaways
Fig. 4 Radio Frequency components - Trends & outlook
Fig. 5 Radio Frequency components - Market segmentation & scope
Fig. 6 Radio Frequency components - Market size and growth prospects (USD Million)
Fig. 7 Radio Frequency components - Value chain analysis
Fig. 8 Radio Frequency components - Market dynamics
Fig. 9 Radio Frequency components - Market driver relevance analysis (Current & future impact)
Fig. 10 Radio Frequency components - Market restraint/challenge relevance analysis (Current & future impact)
Fig. 11 Radio Frequency components - Penetration & growth prospect mapping
Fig. 12 Radio Frequency components - Porter’s five forces analysis
Fig. 13 Radio Frequency components - Company market share analysis, 2022
Fig. 14 Radio Frequency components - PESTEL analysis
Fig. 15 Radio Frequency components market product outlook key takeaways
Fig. 16 Global Radio Frequency components product outlook, 2022 & 2030
Fig. 17 Radio Frequency components market application outlook key takeaways
Fig. 18 Global Radio Frequency Components application outlook, 2022 & 2030
Fig. 19 Radio Frequency components market regional outlook key takeaways
Fig. 20 Global Radio Frequency Components regional outlook, 2022 & 2030
Companies Mentioned
- Broadcom, Inc.
- TDK Corporation
- NXP Semiconductors N.V.
- Fujitsu Ltd.
- International Quantum Epitaxy Plc
- Murata Manufacturing Co., Ltd
- Unisoc Communication Inc.
- Renesas Electronics Corporation
- Skyworks Solution Inc.
- Skyworks Solution Inc.
- ROHM Co., Ltd
- Texas Instruments Inc.
- Taiwan Semiconductor Manufacturing Company Limited
- Toshiba Electronics Devices & Storage Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | January 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 34.73 Billion |
| Forecasted Market Value ( USD | $ 88.12 Billion |
| Compound Annual Growth Rate | 14.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
