Market Overview

RF Component Market size was valued at USD 16.26 Billion in 2022 and is projected to reach USD 60.21 Billion by 2030, growing at a CAGR of 18.3% from 2022 to 2030.



The most important parts of any device that sends or gets information are the ones that deal with radio waves. The area of radio waves between 3 kHz (1 kHz = 103 Hertz) and 300 GHz (1 GHz = 109 Hertz) is called radiofrequency. In consumer electronics, the most interesting frequency band is between 10 MHz and 10 GHz. The main parts that make up RF front communications in consumer devices are filters, power amplifiers, duplexers, antenna switches, and demodulators. Radiofrequency devices can't work without their basic parts, which are called "components." In consumer devices, the main parts used for RF front communications are antenna switches, receivers or transmitters, duplexers, power amplifiers, filters, and demodulators.

This market is growing because technology is getting better and because RF parts can now be made small enough to fit in small places. Also, as universal mobile telecommunication networks (3G and 4G) have gotten better, the market has seen a high demand for tuners and switchers that can give accurate functionality to other radio frequency devices, such as demodulators, power amplifiers, etc. Even though the market for frequency components is rising, vendors have to pay a lot of money to get them put together. Because of this, it's hard for the market for radiofrequency components to grow.

The growing need for broadband services and faster speeds for mobile internet connections is driving technical advances in cellular mobile and wireless communication, such as the creation and use of 5G networks. But if the price of raw materials goes up, the market for RF components is expected to suffer. The main raw materials used to make RF components are silicon plates, different kinds of chemicals, and photoresist materials. Since factories use these raw materials more, there aren't as many of them left. This has caused prices to change and shipping times to be pushed back across the business.

Market Dynamics

Trends: The automotive industry will grow a lot.

Cars with advanced RF electronic parts are safer, more fuel-efficient, and easy to connect. Radio was the first place where wireless RF was used in the car industry, and it is still a key part of RF design in the industry. Also, the fast growth of RF-based vehicle systems isn't just limited to tasks for the passengers. The amount of RF-based subsystems in a car is used for things like checking the pressure in the tires, letting you get in without your keys, updating the software, and so on.

Also, modern car radar is generally built into a module with an RF board and a signal processing board. A standard vehicle radar module has five main parts: the antenna, the RF section, a high-speed digital interface, a signal processor, and a power section. In this case, the RDK-S32R274 module from NXP Semiconductors NV is used. It is often used as a base for making radar, but it can also be used to avoid accidents, make cruise control work better, and find out who is in a room.

Goldman Sachs also predicts that the ADAS business will grow from USD 3 billion in 2015 to USD 96 billion in 2025. Cutting down on the time it takes to measure will help make ADAS cars with RF parts more cheap. In May 2019, Infineon announced that its research sites in Linz and Graz, both in Austria, would be getting bigger. The company's new RF development center in Linz will focus on making 77-GHz radar chips for advanced driver-assistance systems (ADAS).

Asia-Pacific will see a lot of growth

The Asia-Pacific region is likely to grow a lot. The growth of important emerging economies like China, India, and South Korea, along with improvements in consumer electronics and the need for more defense equipment, will drive up the demand for RF components.

In the RF field, the main phone makers vary from each other by using either an integrated or a discrete method for the RF Front-End Modules. More and more design wins are going to Chinese companies like Unisoc RDA, Airoha, Richwave, Goertek Inc., Smarter Micro, Huntersun, and Maxscend. This makes it easier for them to work together with other people.

Drivers: Improvements to the technology of high-power RF parts

There are a lot of wireless communication systems on the RF component market, which has hurt the demand for traditional wired communication technologies. As the number of smart home products grows, more and more advanced technologies like IoT and AI are showing up on the market. For industrial IoT to work, embedded systems must take advantage of new advances in amplification, networking, and software. Smart towns and smart grids are becoming very advanced as businesses try to cut costs, make their operations more efficient, and make better decisions.

Several businesses are using wireless technologies to put in place models of connectivity. Recent improvements in how circuits are put together, semiconductor technology, and radio architecture have made it possible to make new consumer and industrial goods. As more businesses start to use more advanced technology, there will be a greater need for more advanced RF products.

Restraint: Problems with making and installing

System engineers, designers, and commissioning engineers face unique challenges when they have to make highly integrated parts for radio frequency uses. The difference between a chip, a box, and a board is becoming less important in modern components. More and more of the functions are being moved to the box or the board. In some situations, the needs have grown so much that function can only be made sure if the chips, packaging, and board all talk to each other in a smooth way. A number of physical factors must be taken into account with special tests, and their effects must be measured to make sure that the design is strong and reliable. In addition to the usual effects seen in other factors, like timing, voltage, etc., and the testing that goes along with them, these effects are also thought to slow the growth of the market.

Opportunity: The RF Components Market will grow as more people use the products

Because the parts have so many uses, they are used in many different fields, such as high-energy physics, medical devices, the military and space, and communication. The method includes medical tests like MRIs and radiofrequency ablations, which use RF parts like boosters to collect exact and accurate data. For example, the RF power amplifier might have been made with original equipment manufacturing (OEM) in mind. The gadget can be used in many different fields, so the market will grow quickly in the near future.

Major Market Segments Covered

Based on what they do, the market is divided into Antenna Switches, Duplexers, Filters, Power Amplifiers, and Others. More than 30% of the whole market was made up of the power amps market. In the next few years, it is also likely to grow a lot. More and more, power amplifiers are used to boost signals for things like HDTV, GSM, radar, Point-to-Point radio, LTE, and 5G. This is likely to help this market area grow over the next few years.

Based on how it is used, the market is divided into Consumer Electronics, Wireless Communication, Automotive, and Others. Consumer gadgets made up about 60% of the market as a whole. Over the next few years, this segment is also likely to grow a lot. This could be because people have more money and spend more of it on things like smartphones, tablets, computers and notebooks, smart wearables, and smart home accessories. Based on End-user market divided into Commercial  and residential.

Regional Insights

Geographically The RF Component market has been broken down into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. (MEA).



Asia-Pacific was the biggest regional market in 2022, with 33% of the market share and the fastest growth rate of 17% over the estimate period. The growth can be explained by the fact that RF parts are being used in more and more consumer gadgets. More and more gadgets, like cell phones, tablets, laptops, notebooks, and so on, use power amplifiers and duplexers. You can change the frequency by using the radio frequency parts. The radio frequency down converter turns the radio signal into a baseband signal that works with GSM.

The demand for radio frequency components used in consumer electronics is projected to grow by a factor of ten in the Asia-Pacific region. This is because more and more people are using radio frequency parts because they can provide or limit coverage with some kind of antenna or transmission system.

Competitive Analysis

The RF components market is divided, which makes it hard for major companies to compete with each other and causes price margins to vary. Major players have also grown their share of this market through new product launches, expansions, deals, joint ventures, partnerships, acquisitions, and other means.

The top key players are Murata Manufacturing, Skyworks, RDA Microelectronics, AVAGO Technologies, Triquint Semiconductors, ANADIGICS, Mitsubishi Electric, WIN Semiconductors, RF Micro Devices, Tektronix, TDK Corporation, and NXP Semiconductors.

Scope Of Report

Key Vendors

• Murata Manufacturing
• Skyworks
• RDA Microelectronics
• AVAGO Technologies
• Triquint Semiconductors
• ANADIGICS
• Mitsubishi Electric
• WIN Semiconductors
• RF Micro Devices
• TDK Corporation
• NXP Semiconductors
• Murata Manufacturing
• Skyworks
• RDA Microelectronics
• AVAGO Technologies
• Triquint Semiconductors
• ANADIGICS
• Mitsubishi Electric
• WIN Semiconductors
• RF Micro Devices
• TDK Corporation
• NXP Semiconductors

1. Murata Manufacturing

Murata is the best in the world when it comes to designing, making, and selling advanced electronic materials, cutting-edge electronic components, and high-density modules with multiple functions. There are Murata parts everywhere. Even though you don't see them, Murata goods are important parts of the electronics you use every day, like your cell phone, computer, car, and home appliances. Murata's products are being used in more and more new ways, like in health care devices and energy control systems. The world changes all the time, and the world of tech changes even more quickly. As an innovator in electronics, Murata will keep coming up with new ideas as long as it stays true to its strong company philosophy. This will help society progress and shape the future of electronics.

2. Skyworks

Skyworks LLC also sells and rents new and used construction tools, aerial work platforms, scissor lifts, boom lifts, forklifts, telehandlers, accessories, and supplies from companies like JLG, SkyTrak, Terex, Mustang, Dynapac, and Genie. Skyworks can meet the needs of the business because it has 13 locations in New York, Ohio, Pennsylvania, New Jersey, Tennessee, and Virginia

3. Triquint Semiconductors
         
Qorvo (Nasdaq:QRVO) is a leading provider of core technologies and RF solutions for mobile, infrastructure,         aerospace/defense, and other uses. Qorvo was made when RFMD and TriQuint merged. It has more than 6,000 employees around the world who are all committed to finding answers for everything that connects the world.

4. AVAGO Technologies

Broadcom Limited (NASDAQ: AVGO) is a top creator, developer, and global supplier of a wide range of solutions for connecting analog and digital semiconductors. Broadcom Limited has a wide range of products that serve four main end markets: wired infrastructure, wireless communications, corporate storage, and industrial and other. In these end markets, our goods are used for things like data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays.

5. ANADIGICS

With industry-leading power amplifiers for wireless, infrastructure, and wifi applications, ANADIGICS is working to power the wireless revolution. As the leader in high-volume production of advanced GaAs RFICs, ANADIGICS makes it possible for wireless OEMs and ODMs around the world to add more features to each new generation of products while also making them smaller and with longer battery life.

Recent Development

• In October 2019, RF expert Qorvo bought Cavendish Kinetics Inc. (CK), a company that makes high-performance RF MEMS technology for antenna tuning. CK's RF MEMS technology has helped improve antenna performance by lowering losses and increasing linearity. This has been confirmed by several of the world's top smartphone makers. Qorvo wants to build on the great work that CK has already done by improving and expanding the technology and using it in infrastructure and defense, among other things.

• In November 2022, NXP Semiconductors (NASDAQ: NXPI), the leader in automotive processors, stated today that it will start selling a new line of microcontrollers (MCUs) for electric vehicles (EVs). Modern S32K39 MCUs bring electrification into the future with high-speed and high-resolution control for more efficient use of power to improve driving range and make EV driving smoother.

Market Segmentation

The Global RF Component Market has been segmented into

By Product Type

• Antenna Switches
• Duplexer
• Filters
• Power Amplifier
• Others

By Application

• Consumer Electronics
• Mobile Phones
• Tablets
• Others
• Wireless Communication
• Automotive
• Others

• Commercial
• Residential

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

The Contrive Datum Insights study reports give a full look at the market and focus on important things like the top companies, types of products, and top uses for those products. Aside from that, the study talks about market trends and shows how the industry has changed in important ways. The study also talks about a number of other things that have helped the market grow over the past few years.On the other hand, a rise in the prices of raw materials is expected to affect the market for Radio Frequency components. Most radio frequency parts are made from raw materials like silicon plates, different chemicals, and photoresist materials. Because there aren't as many of these raw materials as producers need, prices have gone up and delivery times have been pushed back across the market. For example, the price of silicon wafers has gone up because the electronics business needs more of them. This study predicts revenue growth at the global, regional, and country levels from 2022 to 2030. It also looks at the latest industry trends in each subsegment. Contrive Datum Insights has divided the global radio frequency components market report into sections based on product, industry, and region for this study.