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RF Components Market Analysis

  • Report ID: GMI3829
  • Published Date: Jan 2022
  • Report Format: PDF

RF Components Market Analysis

The power amplifier segment held 25% of the RF components market share in 2021 and is projected to witness 17.5% growth rate through 2028. The industry growth is credited to several features offered by the RF power amplifiers such as higher amplification of weak radio signals, better selectivity, high sensitivity, and higher signal-to-noise ratio. These features increase their market acceptance across military warfare systems, public safety wireless radio equipment, and military radios. The market players are highly engaged in the development of technically advanced RF components to achieve a competitive advantage in the industry.


The consumer electronics segment accounted for 40% of revenue share in 2021 and is estimated to attain a CAGR of 17% from till 2028. The industry expansion is attributed to the growing usage of RF components in consumer electronics devices including smartphones, tablets, laptops, and wearable electronics. These consumer electronics devices require RF antennas, filters, multiplexers, and amplifiers to achieve high-end wireless connectivity. Increasing mobile subscribers across the globe will further amplify the market opportunities.


The proliferation of smart home technology products across European economies majorly the UK, Germany, and France is predicted to fuel the adoption of RF components in the market. According to October 2021 survey by Eco Experts, around 23% of the UK’s population i.e., approximately 66.4 million people owns at least one smart home technology product and around 8% of the population owns two or more smart home devices. Various smart home technology products such as smart speakers, smart security systems, intercom systems, and HVAC systems are integrated with RF components and modules. The increasing RF components market acceptance of smart home consumer devices will bolster the industry progression.


APAC RF Components Market

Asia Pacific RF components market dominated more than 50% of revenue share in 2021 and is poised to expand at more than 18.5% CAGR during 2022 to 2028. The industry demand is driven by growing investments by regional telecom operators to implement 5G communication network across Asia Pacific economies such as China, South Korea, Japan, and India. According to the Ministry of Industry and Information Technology (MIIT), Government of China, the Chinese telecom operators have combinedly deployed over 1.3 million 5G base stations in the country. The country has also reached a 5G user-base of around 497 million as of November 2021. The 5G base stations are highly integrated with modems, routers, and 5G antenna systems, further increasing the market usage of RF components.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The global market size of radio frequency (RF) components had surpassed USD 15 billion in 2021 and will register a 16% CAGR through 2028 due to rising penetration of industrial robotics and automation solutions across the manufacturing and processing sectors.

Radio frequency (RF) components, including RF amplifiers, transistors, diodes, and filters, are integrated into industrial robots to cater to uses in wireless connectivity applications.

The consumer electronics end-user segment held close to 40% of revenue share in 2021 and will record a CAGR of around 17% up to 2028 driven by increasing usage in smartphones, tablets, laptops, and wearable electronics.

Asia Pacific accounted for close to 50% of the market share in 2021 and is anticipated to expand at nearly 18.5% CAGR through 2028 owing to the rising investments by regional telecom operators to integrate 5G communication networks in China, South Korea, Japan, and India.

RF Components Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 22
  • Tables & Figures: 201
  • Countries covered: 17
  • Pages: 250
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