RF Signal Chain Components Market Share, Size, Trends, Industry Analysis Report, By Product (Amplifiers, Power Dividers, Mixers, Filters, Switches, Diplexers, Couplers, and Others); By Material Type; By Application; By Region; Segment Forecast, 2023 - 2032
- Published Date:Mar-2023
- Pages: 117
- Format: PDF
- Report ID: PM3099
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global RF signal chain components market was valued at USD 38.61 billion in 2022 and is expected to grow at a CAGR of 12.8% during the forecast period. The rapidly growing innovations and advancements in the mobile handset technology because of the continuing transition form 35 to 4G/LTE, LTE Advanced, & 5G, that led to the increased need for enhancing power efficiency & spectrum range of the latest mobile devices, which is expected to propel the demand and growth of the global market.
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In addition, a rapid surge in smartphone sales owing to the constant product enhancement and new prominent features offered such as improved performance, biosensors, advanced AI features, and longer battery life, mainly in emerging countries will further boost the global RF signal chain components market over the coming years.
According to the International Data Corporation, the total smartphone shipments is estimated to be around 1.38 billion units in 2022, with a growth of 1.6% from 1.36 billion units in 2021. And, it is projected that smartphone shipments will hit over 1.53 billion units by 2026.
Moreover, wide range of product applications including smart wearables, smart robots, self-driving cars, smart home devices, and smart manufacturing tools & solutions, that are being highly integrated with IoT technologies is further creating maple growth opportunities for the global market. The growing need for advanced RF solutions for the satellite communications across military and commercial sector will also penetrate to increase in the near future.
However, various types of trade legislations imposed by several government authorities across the globe to create and support a positive economic environment for the various industrial sectors is major factor restraining the market growth.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the market. The emergence of the deadly virus resulted in slowdown of smartphone sales, economic downturn in major manufacturing companies like China, and stringent regulations on trade activities and high disruptions in supply chains, which in turn, directly affected the demand for RF components.
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Industry Dynamics
Growth Drivers
Increased demand for a variety of such components forms the aerospace & defense sector during war conditions, as effective communication, effectively aids forces on the battlefields, coupled with the high aerospace & defense expenditure in both developed & developing countries are likely to boost the market growth over the anticipated period. Armed forces with high budgets are heavily investing on the enhancement of their defense capabilities through upgrading radar systems and tactical communications.
Furthermore, deployment of innovative RF devices in the smart cities, as a result of rapid urbanization, high utilization of the resources, demand for fats & efficient transport, proliferation of healthy environment with better energy consumption, and public safety concerns are projected to be the major factors driving the market growth. This technology has become very crucial for the increased usage of the sensors for the purpose of data collection, while using real time information, that acts as a major growth opportunity in the market.
Report Segmentation
The market is primarily segmented based on product, material type, application, and region.
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By Product |
By Material Type |
By Application |
By Region |
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Filters segment is anticipated to witness fastest growth over the forecast period
The filters segment is projected to grow at fastest CAGR during the forecast period, which is mainly attributed to significant growth in the user base of smartphone and related devices and 4G LTE networks. In addition, with the increasing wireless standards in the currently existing frequency bands, that required to minimize the interference and especially designed to operate at specific frequencies, the adoption of filters are likely to have a boom in the next coming years.
The power amplifiers segment garnered largest share in 2022. The growth of the segment market can be mainly attributed to growing popularity of various consumer electronics and wireless communication devices like smart air purifiers and robot vacuums. High power RF amplifiers are being widely used across numerous industries including medical, military & space, communication, and high-energy physics owing to the plethora of advantages associated with this.
Gallium arsenide segment accounted for the largest market share in 2022
The gallium arsenide segment accounted largest market share on account of growing penetration for technologies like LTE, that lead to the high focus on the electronic warfare systems and radar systems. Gallium arsenide is gaining significant traction in the manufacturing process of smartphone RF components as it offers several advantages like low noise, high thermal stability, and comparatively high electron mobility compared to others and these devices find its vast applications in satellite communication, consumer device, and radar systems.
The gallium nitride segment is expected to exhibit highest growth rate throughout the anticipated period. Excellent thermal performance and reduced weight & dimensions, that make it even better choice for other types of competing technologies in the low-frequency applications along with the extensive demand for extra bandwidth mainly form the electronic devices industry, are expected to fuel the demand and growth of the segment market.
Consumer electronics segment dominated the global market in 2022
Increased consumer expenditure on smart electronics and rising consumer disposable income on items like smartphones, tablets, laptops, wearables, and many others is one of the primary factors influencing the segment growth. Moreover, widespread use of Internet of Things and numerous technological innovations such as AI features integration in televisions and in set-top boxes as well is likely to provide new shape to the market.
Furthermore, the automotive segment is projected to witness highest growth during the forecast period due to the high prevalence for connectivity features including navigation systems, Bluetooth, locating trackers, central locking systems, and music systems, in vehicles. Further, the RF-based component systems in vehicles is not just limited to the passenger-oriented functionality but various RF subsystems is used in tire pressure monitoring, remote keyless entry, and also software updates.
The demand in Asia Pacific is expected to witness significant growth
The Asia Pacific region is projected to be the fastest region over the projected period. The growth of the regional market is mainly driven by expansion in the cellular infrastructure and number of telecom equipment shipments across countries like India & China. Additionally, increased production of variety of electronic devices in the APAC region owing to the low manufacturing cost and easy availability of cheap labor along with the large consumer base for electronic devices are likely to have a positive impact on the market growth.
North America region dominated the industry in 2022 and is expected to maintain its dominance over the study period because of the high adoption of advanced technologies and well-established telecommunication sector in countries like US and Canada. For instance, International Telecommunication Union stated that the overall percentage of individuals using internet facilities in the Unites States and Canada was estimated to stood at 91.8% and 93.5% respectively.
Competitive Insight
Some of the major players operating in the global RF signal chain components market include Analog Devices Inc., Qorvo Inc., MACOM, Murata Manufacturing Co., National Instruments Corporation, CPI International Inc., NXP Semiconductors, Infineon Technologies AG, Broadcom, Renesas Electronics Corporation, Taiwan Semiconductor Manufacturing Co. Ltd., TDK Corporation, Fujitsu Limited, and Epitaxy Plc.
Recent Developments
- In June 2022, Keysight Technologies, announced the launch of its new design & simulation software for Radio Frequency & Microwave Designers, named “PathWave Advanced Design System”. The newly developed solution easy development of RD and microwave product development and address signal, densification, & multi-technology integration.
- In September 2021, PPM Systems, introduced its latest RF components for satellite and defense sector customers including high power broadband diplexers and low to high power radio frequency phase shifters. The products are mainly designed for applications like broadcasting signals, multiband antenna systems through a common seeder.
RF Signal Chain Components Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 43.45 billion |
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Revenue forecast in 2032 |
USD 128.87 billion |
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CAGR |
12.8% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Product, By Material Type, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Analog Devices Inc., Qorvo Inc., MACOM, Murata Manufacturing Co., National Instruments Corporation, CPI International Inc., NXP Semiconductors, Infineon Technologies AG, Broadcom, Renesas Electronics Corporation, Taiwan Semiconductor Manufacturing Co. Ltd., TDK Corporation, Fujitsu Limited, and Epitaxy Plc. |
FAQ's
The rf signal chain components market report covering key segments are product, material type, application, and region.
RF Signal Chain Components Market Size Worth $128.87 Billion By 2032.
The global rf signal chain components market expected to grow at a CAGR of 12.8% during the forecast period.
Asia Pacific is leading the global market.
Key driving factors in the rf signal chain components market increased demand for variety of such components forms the aerospace & defense sector.
