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Radio Frequency Front End Market to Reach $69.9 Billion, Globally, by 2031 at 13.8% CAGR: Allied Market Research
Increased emphasis on designing RF modules and RF components which are capable of providing faster data transmission, significant product development of RF-SOI front-end modules, growing consumer penetration of smart devices for health, fitness, or entertainment purpose drive the global radio frequency front end market. However, increase in RF complexity due to increasing number of bands per mobile handset, introduction of high frequency bands, and challenges like requirement of large amount of space for an RF antenna hinder the global market growth. Furthermore, an increase in data traffic, rising adoption of Bluetooth-enabled devices, and rapid deployment of industrial IoT systems will present new growth opportunities for the global radio frequency front end market in the coming years.
Based on type, the RF filters segment contributed to the largest share of nearly two-fifths of the global radio frequency front end market in 2021, and is expected to maintain its dominance during the forecast period. The same segment is projected to witness the from 2022 to 2031. This is because RF filters are becoming an increasingly significant component of smartphones, which must tune into a dozen or more frequency bands. The report also analyzes RF power amplifiers, RF switches, and others segment.
Based on end-user industry, the consumer electronics segment grabbed the highest share of more than one-third of the overall radio frequency front end market in 2021 and is expected to dominate the market in 2031. The same segment would witness the fastest CAGR of 15.0% from 2022 to 2031. The increasing use of RF components in consumer electronic products such as smartphones, tablets, laptops, and wearable electronics is credited with the industry's expansion. The report also analyzes automotive systems, wireless networks, military, and other segments.
Based on region, the market in Asia-Pacific was largest in 2021, accounting for nearly two-fifths of the global radio frequency front end market and is likely to maintain its dominance during the forecast timeframe. The same market is likely to show the fastest CAGR of 14.9% during the forecast period. The need for RF components will rise as consumer electronics and defense equipment evolve, as well as with the major expansion of important emerging economies such as India , China , and South Korea . The report also analyzes North America , Europe , and LAMEA regions.
was valued at $11.8 billion in 2021, and is projected to reach $31.5 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031
size was valued at $9.46 billion in 2020, and is projected to reach $26.59 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.
was valued at $11.81 billion in 2017, and is projected to reach $26.67 billion by 2024, registering a CAGR of 12.2% from 2018 to 2024.
: Global Opportunity Analysis and Industry Forecast, 2023-2030
: Global Opportunity Analysis and Industry Forecast, 2023-2030
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