RF Signal Chain Components Global Market Report 2024

The rf signal chain components market size has grown rapidly in recent years. It will grow from $39.09 billion in 2023 to $44.57 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth observed in the historic period can be attributed to market shifts in consumer electronics, demand from the aerospace and defense sector, the expansion of satellite communication, the emergence of IoT (Internet of Things) and M2M (Machine-to-Machine) communication, and the rise of Wi-Fi and WLAN (Wireless Local Area Network).

The rf signal chain components market size is expected to see rapid growth in the next few years. It will grow to $74.1 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The anticipated growth in the forecast period can be attributed to the demand for higher performance and efficiency in RF signal chain components, the emergence of new applications, increasing demand in consumer electronics, the expansion of satellite communication, and the use of these components in security and defense applications. Major trends expected in the forecast period include the deployment and expansion of 5G technology, the growth of the Internet of Things (IoT), the integration of wireless connectivity in the automotive sector, the emergence of Wi-Fi 6 and Wi-Fi 6E, and the continued expansion of satellite communication.

The anticipated surge in demand for 5G technology is poised to be a significant driver for the growth of the RF signal chain components market. Representing the fifth generation of mobile networks, 5G aims to establish a network connecting virtually everyone and everything, including devices, machines, and objects. Combining sub-6GHz bands, mmWave spectrum, and other RF technologies such as ultra-wideband (UWB), sensors, and computing techniques, 5G facilitates integrated services such as industrial automation, self-driving vehicles, IoT, and cloud computing. The adoption of 5G technology is escalating, with over 640 million 5G connections globally in 2022, as reported by the GSM Association (GSMA). The projections indicate a total of 2 billion connections by 2025. Consequently, the escalating demand for 5G technology stands as a driving force for the RF signal chain components market.

The burgeoning demand for consumer electronics is anticipated to be a driving force behind the growth of the RF signal chain components market in the forthcoming years. Consumer electronics encompass electrical equipment and gadgets designed for individual usage, commonly found in households for personal, entertainment, and informational purposes. The integration of RF signal chain components in various consumer electronic products facilitates seamless wireless communication, enhances connectivity, and contributes to the overall functionality and convenience of these devices. For instance, in the third quarter of 2022, Lenovo, the world's largest PC seller, supplied approximately 17 million laptops, outpacing competitors such as HP, Apple, and Dell in shipments. This exemplifies the increasing demand for consumer electronics, acting as a driving factor for the RF signal chain component market.

A noteworthy trend gaining traction in the RF signal chain components market is product innovation. Major companies in the market are channeling their efforts toward developing innovative products to maintain their competitive edge. In June 2022, Renesas Electronics Corporation introduced two new cloud development kits, the CK-RA6M5 and CK-RX65N, providing a comprehensive connectivity solution for 32-bit microcontroller units (MCUs). These kits include an RYZ014A Cat-M1 Pmod module, multiple sensors, a high-performance MCU, hardware-based security, and a reliable software stack. With advanced features facilitating rapid development of IoT cloud goods and solutions, these kits also offer easy integration with AWS Cloud and IoT services.

Strategic partnerships are emerging as a key approach adopted by major companies in the RF signal chain components market, particularly in the manufacturing of 5G RF components such as FBAR filters in the USA. Strategic partnerships involve leveraging mutual strengths and resources for shared benefits and success. Apple Inc. announced a strategic partnership with Broadcom Inc. in May 2023, aiming to manufacture 5G radio frequency components, including FBAR filters. This collaboration emphasizes the production of these components in significant American industrial and technological centers, showcasing a commitment to supporting employment and investment in these regions. Broadcom Inc., a US-based manufacturing company specializing in RF signal chain components and semiconductors, is set to contribute to this strategic partnership.

In March 2022, RF Industries Ltd., a US-based manufacturer and marketer of interconnect products and systems, completed the acquisition of Microlab for an undisclosed amount. This strategic move positions RF Industries to capitalize on substantial growth prospects, particularly in the small cell and distributed antenna system (DAS) industries. The acquisition is expected to provide increased scale and opportunities for overall margin improvement and future revenue development. Microlab, a US-based developer and producer of RF signal combining and distribution equipment and solutions, aligns with RF Industries' strategic objectives.

Major companies operating in the rf signal chain components market report are Murata Manufacturing Co. Ltd., Skyworks Solutions Inc., Qorvo Inc., Broadcom Inc., NXP Semiconductors N.V., Analog Devices Inc., MACOM Technology Solutions Holdings Inc., STMicroelectronics N.V., Communications & Power Industries LLC, National Instruments Corporation, Infineon Technologies AG, Texas Instruments Inc., Mitsubishi Electric Corporation, Renesas Electronics Corporation, RFHIC Corporation, ON Semiconductor Corporation, Maxim Integrated Products Inc., Microchip Technology Inc., Renesas Electronics Corporation, Silicon Laboratories Inc., L3Harris Technologies, Mini-Circuits, Qorvo, TTM Technologies Inc., Kyocera Corporation, Johanson Technology Inc., TransDigm Group Inc., Yageo Corporation, Taiyo Yuden Co. Ltd., Vishay Intertechnology Inc.

Asia-Pacific was the largest region in the RF signal chain components market in 2023. The regions covered in the rf signal chain components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rf signal chain components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main products within the category of RF signal chain components include amplifiers, voltage-controlled oscillators, power dividers, mixers, filters, switches, attenuators, diplexers, duplexers, and couplers. Amplifiers, for example, are electrical devices utilized to increase the power level of a signal. These components are constructed using materials such as gallium arsenide (GaAs), gallium nitride (GaN), silicon (Si), silicon germanium (SiGe), and others, each tailored for different frequency bands such as VHF/UHF, L band, S band, C band, X band, KU band, and K band. They find applications across various industries, including telecom infrastructure, consumer electronics, Satcom, aerospace and defense, automotive, medical, and more.

The RF signal chain components market research report is one of a series of new reports that provides RF signal chain components market statistics, including RF signal chain components industry global market size, regional shares, competitors with an RF signal chain components market share, detailed RF signal chain components market segments, market trends and opportunities, and any further data you may need to thrive in the RF signal chain components industry. This RF signal chain components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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