Global Radio Frequency Components Market Size & Outlook

The radio frequency components industry worldwide is expected to reach a projected revenue of US$ 89,729.7 million by 2030. A compound annual growth rate of 13.4% is expected of the worldwide radio frequency components industry from 2024 to 2030.

Revenue, 2023 (US$M)
$37,255.2
Forecast, 2030 (US$M)
$89,729.7
CAGR, 2024 - 2030
13.4%
Report Coverage
Worldwide

Global radio frequency components market highlights

  • The global radio frequency components market generated a revenue of USD 37,255.2 million in 2023 and is expected to reach USD 89,729.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 13.4% by 2030.
  • In terms of segment, filters accounted for a revenue of USD 8,633.5 million in 2023.
  • RF Amplifiers is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.


Global data book summary

Market revenue in 2023USD 37,255.2 million
Market revenue in 2030USD 89,729.7 million
Growth rate13.4% (CAGR from 2023 to 2030)
Largest segmentFilters
Fastest growing segmentRF Amplifiers
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFilters, Duplexers, RF Amplifiers, RF Switches, Modulators and Demodulators, Mixers and Synthesizers


Other key industry trends

  • In terms of revenue, the North America accounted for 27.4% of the global radio frequency components market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 4,278.3 million by 2030.

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Radio Frequency Components Market Companies

Name Profile # Employees HQ Website

Global radio frequency components market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to radio frequency components market will help companies and investors design strategic landscapes.


filters was the largest segment with a revenue share of 23.17% in 2023. Horizon Databook has segmented the Global radio frequency components market based on filters, duplexers, rf amplifiers, rf switches, modulators and demodulators, mixers and synthesizers covering the revenue growth of each sub-segment from 2017 to 2030.


The major factors driving the growth of the radio frequency components market are rapid advances in technology and wireless communication along with an increasing adoption of consumer electronic devices such as set-top boxes, smartphones, and smart television, among others. 


Further, the increasing popularity and adoption of the internet, owing to its advantages including unlimited communication, abundant information and resources, easy sharing, and online services has resulted in increased demand for consumer electronic devices, which has subsequently led to the proliferation of the wireless communication network worldwide.

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Target buyers of Global radio frequency components market databook

  • Our clientele includes a mix of radio frequency components market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global radio frequency components market , including forecasts for subscribers. This global databook contains high-level insights into Global radio frequency components market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global radio frequency components market statistics, by region, 2017-2030 (US$M)

Top 10 countries: Radio frequency components market size, 2023 (USD Million)

Top 10 countries: Radio frequency components market size, 2023 (USD Million)

Global radio frequency components market, by region, 2023 (US$M)

Global radio frequency components market statistics, by region, 2017-2030 (US$M)

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