Global Radio Frequency Components Market Size & Outlook
Global radio frequency components market, 2017-2030 (US$M)
Related Markets
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 2023 | USD 37,255.2 million |
| Market revenue in 2030 | USD 89,729.7 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Filters |
| Fastest growing segment | RF Amplifiers |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Filters, 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.
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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Radio Frequency Components Market Scope
Radio Frequency Components Market Companies
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Global radio frequency components market size, by region, 2017-2030 (US$M)
Top 10 countries: Radio frequency components market size, 2023 (US$M)
Global radio frequency components market share, by product, 2023 & 2030 (%, US$M)
Radio frequency components market: Opportunity assessment by country
Global radio frequency components market, by region, 2023 (US$M)
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