The RF Components Global Market Report 2023 by The Business Research Company, provides RF components market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s RF Components Global Market Report 2023, the market size will grow from $26.34 billion in 2022 to $31.15 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The RF components market size is expected to grow to $58.36 billion in 2027 at a CAGR of 17.0%.
Increasing penetration of robots is significantly driving the growth of the RF components market. The penetration of robots helps in rapid industrial automation. Robots leverage wireless communication for easy and rapid information transmission. For wireless communication applications, various RF components such as RF transistors, amplifiers, diodes, and filters are integrated into industrial robots. This will create a huge demand for RF components.
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The RF components market is segmented:
1) By Component Type: Power Amplifier, Antenna, Switches, Multiplexer, Filter, Modulator and demodulator, Transistors and diodes, Other Components
2) By Material: Indium Phosphide, Nitride, Silicon, Gallium Arsenide
3) By Application: Consumer Electronics, Automotive, Military, Wireless Communication, Other Applications
4) By End User: Commercial, Residential
Developing advanced technologies is a key trend gaining popularity in the RF components market. Major companies operating in the RF components sector are focused on developing technologically advanced products to reinforce their position. For instance, in October 2021, Qualcomm Technologies, a US-based semiconductor company, launched the Qualcomm ultraBAW RF filter technology for bands up to 7 GHz, adding to the company’s modem-to-antenna solution, which is powering high-performance 5G and connectivity systems across wireless product sectors. The new Qualcomm ultraBAW RF filter technology will allow 5G and Wi-Fi solutions to access spectrum up to 7 GHz, resulting in outstanding performance at higher frequencies.
The RF components market report table of contents includes:
1. Executive Summary
2. RF Components Market Characteristics
3. RF Components Market Trends And Strategies
4. RF Components Market – Macro Economic Scenario
5. RF Components Market Size And Growth
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26. Africa RF Components Market
27. RF Components Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The RF Components Market
29. RF Components Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Broadcom Limited
- STMicroelectronics N.V
- NXP Semiconductors N.V
- Texas Instruments Inc
- Renesas Electronics Corporation
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