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A31391 | Pages: 280 | Charts: 54 | Tables: 84 |
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.
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 factors restrained the radio frequency front end market share during the analysis period.
Increasing demand in wireless networks is 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 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.
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.
[TYPEGRAPH]
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.
[ENDUSEINDUSTRYGRAPH]
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.
[REGIONGRAPH]
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.
Key Market Segments
Key Market Players