Radio Frequency Front End Market

Radio Frequency Front End Market Research, 2031

The global radio frequency front end market size was valued at $18.8 billion in 2021, and is projected to reach $69.9 billion by 2031, growing at a CAGR of 13.8% from 2022 to 2031.A radio frequency (RF) front end module is a device panel that connects the antenna and receiver circuits. It is made up of an RF filter, an amplifier, a local oscillator, a mixer, and several switches. It is commonly used to reduce image response and keep out-of-band signals from oversaturating the input stages.

The impact of COVID-19 has hampered the market's expansion for radio frequency front ends. Most clients of worldwide IC design businesses placed orders ahead of time, with some orders already fulfilled and sent. As a result, despite the pandemic's impact, IC design revenue in the first quarter of 2020 was not predicted to reduce much. However, the pandemic has reduced demand for IC design from device manufacturers, impacting the RF front end business. IC designers for smartphones and other consumer devices have been affected the most, hampering industry growth.

A rapid shift toward industrial automation, growing consumer preferences for smart devices, high R&D activities from major market players, are influencing the Radio Frequency (RF) Front End market. The advancement of technology toward silicon on insulator substrates such as silicon-germanium enables the integration of multiple RF components such as power amplifiers, low noise amplifiers, and others on the same chip. Furthermore, the rapid commercialization of 5G technologies, increasing use of wireless mobile communication devices, and high R&D activities of smartphones integrated with RF front-end modules can all propel market growth over time. Furthermore, an increase in data traffic, increasing adoption of Bluetooth-enabled devices, and rapid deployment of industrial IoT systems are some of the significant factors that are expected to transform the radio frequency front end industry outlook in the long run.

The market's main challenges are large investments in research and development. Other market challenges include technological innovation. Increases in RF complexity due to the increasing number of bands per mobile handset and the introduction of high frequency brands are two major restraints. Other challenges include the large amount of space required for an RF antenna, which is not available in smartphones. These factor restraint the radio frequency front end market share during the analysis period.

Increasing demand in wireless networks are one of the major trends driving radio frequency front end market growth. The increasing use of mobile communication devices fuels the growth of the RF front end market. The increase in data traffic caused by data-intensive industries such as financial services is another key factor driving the growth of the market. Emerging carrier aggregation, which increases RF in tablets and smartphones, is another factor that is expected to accelerate market growth. Carrier aggregation is a popular concept in South Korea and is being implemented in countries such as the United States.

The key players profiled in this radio frequency front end market forecast report include Broadcom Inc, Infineon Technologies AG., Murata Manufacturing Co. Ltd.., NXP Semiconductors N.V., Qorvo Inc.., Skyworks Solutions, Inc.., STMicroelectronics N.V., Taiyo Yuden Co., Murata Manufacturing Co., Ltd., and Analog Devices, Inc.

The global radio frequency front end market is segmented on the basis of type, end user, and region. By type, the market is divided into RF filters, RF power amplifiers, RF switches, and others. By end-use industry, the market is classified into consumer electronics, automotive systems, wireless networks, military, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The radio frequency front end market is segmented into Type and End-use Industry.

By type, the RF filters sub-segment dominated the market in 2021. RF filters are electronic components that allow or prevent specific signals or frequencies from passing through in order to eliminate noise or pass through unwanted signals. These filters are frequently used as isolated components rather than incorporated into a system on chip (SoC) due to their propensity to provide improved selectivity with respect to high frequency signals. These factors drive the RF filters sub-segment in radio frequency front end market opportunity. 

By end user, the consumer electronics sub-segment dominated the global radio frequency front end market share in 2021. Any communication device needs radiofrequency components as a basic component in order to operate properly. The term "radiofrequency" describes radio waves with a frequency range of 3 kHz (1 kHz = 103 Hertz) to 300 GHz (1 GHz = 109 Hertz). The frequency range between 10 MHz and 10 GHz is of particular relevance in the realm of consumer electronics. Receivers/transmitters, filters, power amplifiers, duplexers, antenna switches, and demodulators are the key parts used in RF front communications in consumer electronics products. These factors drive the consumer electronics sub-segment in radio frequency front end industry.

By region, Asia-Pacific dominated the global market in 2021 and is projected to be the fastest-growing region during the forecast period. The demand for compact dual-band RF front-end modules for the satellite digital audio radio system (SDARS) operating in the S-band (2320-2345 MHz) and the L1-band (1574.42-1576.42 MHz) is anticipated to increase as the Asia-Pacific region's auto production ramps up. This might then help the local market grow. China is the world's largest producer of electric vehicles and is in the lead with regard to EV adoption during the projection period. All road transport modes combined, the share of EVs in new vehicle sales is predicted to reach 57% by 2030.

Impact of COVID-19 on the Global Radio Frequency Front End Market

• COVID-19 has positively impacted various industries such as pharmaceutical and consumer electronic that has led to an increase in the usage of electronic goods like smart phones and WIFI network connection. These factors boost the radio frequency front end growth during covid-19.
• As mobility restrictions are imposed to stem the spread of the novel coronavirus (COVID-19), an increasing number of the OECD's estimated that 1.3 billion citizens are working and studying from home, and critical international policy coordination is now taking place online. Fixed and mobile broadband operators, content and cloud providers, and points where Internet networks connect to exchange traffic, known as Internet exchange points (IXPs), are experiencing up to 60% more Internet traffic than before the outbreak.
• Since the start of the COVID-19 crisis, demand for broadband communication services has soared, with some operators experiencing as much as a 60% increase in Internet traffic compared to before the crisis.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the radio frequency front end market analysis from 2021 to 2031 to identify the prevailing radio frequency front end market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the radio frequency front end market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global radio frequency front end market trends, key players, market segments, application areas, and market growth strategies.

 Radio Frequency Front End Market Report Highlights