RF Signal Chain Component Market Size, Share & Industry Trends Growth Analysis Report by Product (Filters, RF Amplifiers, Mixers, Power Dividers, Switches, Couplers, Phase Shifters), Frequency Band (Ku, Ka, L, S,C), Material (Gallium Arsenide, Gallium Nitride, Silicon, Silicon Germanium), Application and Region - Global Forecast to 2028
Updated on : Sep 16, 2024
RF Sigal Chain Components Market Size & Share
[252 Pages Report] The global RF signal chain components market size is valued at USD 38.9 billion in 2022 and is anticipated to USD 80.0 billion by 2028; growing at a CAGR of 12.3% from 2023 to 2028. increase in smartphone and mobile phone users is fueling the demand for smartphones and mobile phones, leading to the growth of the RF signal chain component industry.
RF Signal Chain Component Market Forecast to 2028
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RF Sigal Chain Components Market Trends
Driver: Rising demand for smartphones and mobile phones
Smartphones and mobile phones are among the most common application areas of RF signal chain components. Manufacturers integrate RF signal chain components into their smartphones and mobile phones for communication and navigation applications.
The RF tunable filters comprising micro-electromechanical system (MEMS) capacitors and digitally tuned capacitors allow smartphone designers to offer thinner phones equipped with highly efficient small-sized antennas. These components are also selected owing to their high-power handling capacity, low power consumption, and less insertion loss. The demand for smartphones and mobile phones has witnessed significant growth in recent years, and the trend is expected to continue in the future.
Restraint: Increase in cost of RF devices with performance improvement
The use of materials such as gallium arsenide or gallium nitride improves the efficiency of the devices, but it also increases the cost of the RF devices. The use of gallium nitride for manufacturing RF devices helps to increase the efficiency and performance of devices, particularly at high frequencies. However, they are expensive compared with silicon-based RF devices. Therefore, the rising cost of RF signal chain components is expected to hamper their adoption and restrain the market growth.
Opportunity: Growing demand for RF equipment in automotive sector
The use of electronic communications systems in automobiles has grown extensively in recent years. With the advent of connected cars and automotive telematics, RF semiconductor devices have witnessed increased applications in the automotive sector.
Connected cars include communication systems and devices such as V2X, Wi-Fi, cloud IoT, GPS, and integrated digital cockpit. RF signal chain components such as amplifiers, switches, filters, and highly integrated modules add important functionality to the vehicle processing and communication systems. Infotainment systems in a connected car allow passengers to connect outside and inside the car. Few infotainment applications include satellite radio, navigation, and GPS. These factors are expected to create lucrative opportunities for the RF signal chain component market players.
Challenge: Design complexities associated with RF devices
Design complexity makes understanding the workings of the RF signal chain components difficult, leading to inefficient results. The consumer electronics and semiconductor industry is working on integrating different functionalities in a single chip. This will help the companies working in the ecosystem to offers products with better efficiency and advanced applications.
In order to design such products with the design structure of chips becomes complex. Also, huge electronic circuits require high energy for efficient working and exhibit slow operations. As the developments in smartphone designs, increasing cellular network requirements, and rising deployment of modern survellience infrastructure, device complexity is expected to be a major challenge for RF signal chain component market.
RF Signal Chain Component Market Map:
RF Signal Chain Component Market Segment
Diplexers by product to capture largest market growth of RF signal chain components market during forecast period
A diplexer is a 3-port passive device that allows two different devices to share a common communication channel. It consists of two filters (low pass and high pass/band pass) at different frequencies connected to a single antenna. 5G diplexers support frequencies in three categories: Sub-1 GHz, 1–6 GHz, and above 6 GHz bands in the mmWave range. Apart from 5G technology, diplexers are used to separate/combine frequency bands of GSM 900 and DCS 1800 systems. They are also used in the multiband design of mobile handsets with multiple technologies such as GSM, CDMA, and LTE.
Ka band segment to have largest market share in RF Signal chain components market during the forecast period
The Ka band has become the band of choice for several satellite operators due to its low bandwidth cost and wide applicability in broadband services. Along with high efficiency, the Ka band offers high download and upload speeds and is less congested than other bands. Moreover, the deployment of 5G worldwide is expected to occur in the Ka band. All these factors are expected to drive the growth of this segment.
Gallium nitride (GaN) segment by material to grow with highest CAGR during the forecast period
Gallium nitride (GaN) is an emerging alternative to pure silicon in the field of semiconductors and electronics due to its high brightness emissions and intensities in opto-semiconductors, high power efficiency, high-frequency handling capacity, and flexibility with various substrates, such as silicon, sapphire, and silicon carbide (SiC). GaN is a hard and mechanically stable semiconductor material with a wide bandgap, high heat capacity, and thermal conductivity.
Consumer electronics segment by application to hold the largest market share of RF signal chain components market
The growing use of smartphones and rising demand for fast data transfer rates are major factors driving the growth of the consumer electronics segment in this market. The major wireless functions in a typical mobile phone include 2G/3G/4G (GSM/EDGE/CDMA/UMTS/WCDMA/LTE/LTE-A/TDSCDMA/TD-LTE) cellular modem and wireless connectivity systems such as WLAN, global navigation satellite systems (GNSS), broadcasting receivers, and near-field communication (NFC). RF front end is a critical component in wireless communication systems as it helps in matching high wireless data transfer speeds with large bandwidth and high spectral efficiency.
RF Signal Chain Component Market Regional Analysis
Asia Pacific region to witness the highest growth during the forecast period
The RF signal chain components market in Asia Pacific is projected to grow significantly during the forecast period. The growth of the Asia Pacific market can be attributed to a significant shift toward high-speed mobile technologies (from 4G to 5G); the high adoption rate of smartphones; and increased use of mobile services, including e-commerce, video, social media, and financial services.
RF Signal Chain Component Market by Region
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Top RF Signal Chain Component Companies - Key Market Players
The key players in the RF signal chain components companies are
- Qorvo, Inc. (US),
- Murata Manufacturing Co., Ltd. (Japan),
- Skyworks Solutions, Inc. (US),
- Broadcom (US),
- Analog Devices, Inc. (US),
- MACOM Technology Solutions Holdings, Inc. (US),
- STMicroelectronics (Switzerland),
- CPI International INC. (US),
- NXP Semiconductors (Netherland),
- National Instruments Corp. (US), and
- Infineon Technologies (Germany).
RF Signal Chain Component Market Report Scope
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Report Metric |
Details |
| Estimated Market Size | USD 38.9 billion in 2022 |
| Projected Market Size | USD 80.0 billion by 2028 |
| Growth Rate | CAGR of 12.3% |
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Market size available for years |
2019–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Thousand/Million/Billion |
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Segments covered |
By Product, By Material Type, By Frequency Band, By Application and By Region |
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Geographies covered |
Asia Pacific, Europe, North America and Rest of World |
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Companies covered |
The key players operating in the RF signal chain components market are Qorvo, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Skyworks Solutions, Inc. (US), Broadcom (US), Analog Devices, Inc. (US), NXP Semiconductors (Netherlands), STMicroelectronics (Swizerland), CPI International (US), National Instruments Corp. (US), MACOM (US), Infineon Technologies AG (Germany), Mitsubishi Electric (Japan), Texas Instruments (TI) (US), Cobham Limited (UK), Astra Microwave Products Limited (India), Microchip Technology Inc. (US), MicroWave Technology, Inc. (US), Panasonic Holdings Corporation (Japan), Raytheon Technologies (US), Wolfspeed (US), APITech (US), Sumitomo Electric Industries, Ltd. (Japan), RFHIC Corporation (South Korea), Thales (France), VectraWave (France). |
RF Signal Chain Component Market Highlights
The study categorizes the RF signal chain components market based on By Product, By Material Type, By Frequency Band, By Application and By Region
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Subsegment |
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By Material Type: |
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By Frequency Band: |
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Recent Developments in RF Signal Chain Component Industry
- In August 2023, MACOM has announced the acquisition of the RF business of Wolfspeed (US). The RF Business includes a portfolio of gallium nitride (GaN) on silicon carbide (SiC) products used in high-performance RF and microwave applications. The business caters to a broad customer base of leading aerospace, defense, industrial, and telecommunications customers, most recently generating annualized revenues of approximately USD 150 million.
- In July 2023, Analog Devices announced the launch of Apollo MxFE, its most advanced software-defined, direct RF-sampling, wideband mixed-signal front-end platform. Apollo MxFE enables applications such as phased array radar, electronic surveillance, test, and measurement, and 6G communications in the Aerospace & Defense, Instrumentation, and Wireless Communications industries.
- In June 2023, Skyworks has launched a Si858x trans receiver. This product combines robust fully compliant Rs-485 transceivers with Skyworks’ Proprietary CMOS isolation technology. These devices are ideal for industrial applications requiring isolated Fieldbus system interfaces, such as ProfiBus or ModBus, based on an RS-485 physical layer.
- In March 2023, Analog Devices has announced that it will invest in next-generation semiconductor R&D and manufacturing facilities. The investment will help construct a new, state-of-the-art, 45,000 sq. ft. research, development, and manufacturing facility. The new facility will help accelerate advances in cutting-edge applications, including digital biology, electric vehicles, and robotics
Critical questions answered by this report:
What is current size of global RF signal chain component market?
The global RF signal chain component market is estimated to be around USD 38.9 billion in 2022 and projected to reach USD 80.0 billion by 2028 at a CAGR of 12.3%.
Where will all these developments take the industry in the mid-to-long term?
Advancements in frequency bands, 5G inspace and communication vertical and advancements in warfare technology are some of the biggest technological trends in the RF signal chain components market.
Who are the winners of global RF signal chain component market?
Companies such as Qorvo, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Skyworks Solutions, Inc. (US), Broadcom (US), Analog Devices, Inc. (US), are among a few key players in this market.
What are some features of RF signal chain component?
A radio frequency (RF) signal refers to a wireless electromagnetic signal used as a form of communication. Radio waves are a form of electromagnetic radiation with identified radio frequencies that range from 3 kHz to 300 GHz. Frequency refers to the rate of oscillation of the radio waves. RF propagation occurs at the speed of light and does not need a medium like air to travel. RF communication is used in many industries, including television broadcasting, radar systems, computer and mobile platform networks, remote control, remote metering/monitoring, and many more.
Which application is leading the RF signal chain component?
Consumer electronics is expected to lead the application for RF signal chain component.
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The study involved four major activities in estimating the size of the RF signal chain components market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.
Secondary Research
Secondary sources that were referred to for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles from recognized authors; directories; and databases. Secondary data was collected and analyzed to arrive at the overall market size, further validated by primary research.
Primary Research
Extensive primary research was conducted after understanding and analyzing the RF signal chain components market scenario through the secondary research process. Several primary interviews were conducted with key opinion leaders from both the demand- and supply-side vendors across four major regions—North America, Asia Pacific, Europe, and RoW (including the Middle East & Africa and South America).
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In this report, both the top-down and bottom-up approaches were used to estimate and validate the RF signal chain components market size along with the size of various other dependent submarkets. The key players in the RF signal chain components market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research processes. This entire research methodology includes the study of annual and financial reports of top players, as well as interviews with experts such as CEOs, VPs, directors, and marketing executives to obtain key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets, and finally, the data was presented in this report.
This data was consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in this report.
Market Size Estimation Methodology-Bottom-Up Approach
The bottom-up approach was employed to arrive at the overall size of the RF signal chain components market from the shipment. The overall market size was calculated by adding the revenues derived by multiplying the average selling prices of all the RF signal chain components by their respective shipments.
Data Triangulation
After arriving at the overall market size through the process explained earlier, the total market was split into several segments. The market breakdown and data triangulation procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market was validated using both the top-down and bottom-up approaches.
Market Definition
Radio frequency (RF) signals are electromagnetic signals that have a frequency within the radio frequency spectrum. The radio frequency spectrum typically ranges from 3 KHz to 300 GHz. RF signals are a type of electromagnetic radiation and are used for wireless communication in various applications, including radio and television broadcasting, cellular communication, Wi-Fi, Bluetooth, radar,among others.
Key Statekeholders
- Raw material suppliers
- Electronic design automation (EDA) and design tool vendors
- Original equipment manufacturers (OEMs)
- Integrated device manufacturers (IDMs)
- Original design manufacturers (ODMs)
- ODM and OEM technology and solution providers
- Assembly, testing, and packaging vendors
- Technology, service, and solution providers
- Intellectual property (IP) core and license providers
- Suppliers and distributors
- Government and other regulatory bodies
- Technology investors
- Research institutes and organizations
- Market research and consulting firms
Report Objectives
- To describe and forecast the size of the RF signal chain components market, in terms of value, based on product, frequency band, material type, and application
- To forecast the sizes of various segments with respect to four major regions—North America, Europe, Asia Pacific, and Rest of the World (RoW)
- To provide a detailed analysis of the RF signal chain components supply chain
- To strategically analyze the micromarkets1 with respect to individual growth trends and prospects and their contributions to the total market
- To analyze the opportunities for market players and provide details of the competitive landscape of the market
- To strategically profile the key players and comprehensively analyze their market rankings and core competencies2
- To provide details regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze the competitive developments in the market, such as acquisitions, product launches, partnerships, collaborations, and agreements
Available Customizations:
MarketsandMarkets offers the following customizations for this market report:
- Further breakdown of the market in different regions to the country-level
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in RF Signal Chain Component Market