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RF Components Market Size
- Report ID: GMI3829
- Published Date: Jan 2022
- Report Format: PDF
RF Components Market Size
Radio Frequency (RF) Components Market size exceeded USD 15 billion in 2021 and is anticipated to grow at over 16% CAGR between 2022 and 2028. The market growth is attributed to the increasing penetration of industrial robotics & automation across manufacturing and processing sectors.
Various RF components, such as RF amplifiers, transistors, diodes, and filters, are integrated into industrial robots for wireless connectivity applications. According to October 2021 press release by International Federation of Robotics, there were around three million operational industrial robots operating around factories across the globe. Also, the worldwide industrial robot sales increased by 10% in 2020 compared to 2019. The industrial robots are also equipped with radio frequency controllers, radar modules, IoT sensors, and RFID chipsets for remote monitoring and controlling applications. Adding to this, the proliferation of smart factories across North America and APAC economies will further amplify the adoption of RF components over the forecast timeframe.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| RF Components Market Size in 2021: | USD 15 Billion |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 16% |
| 2028 Value Projection: | USD 40 Billion |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 201 |
| Segments covered: | Component Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
RF Components Market Scope
