India Radio Frequency Components Market Size & Outlook
India radio frequency components market, 2017-2030 (US$M)
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India radio frequency components market highlights
- The India radio frequency components market generated a revenue of USD 2,485.4 million in 2023 and is expected to reach USD 6,928.8 million by 2030.
- The India market is expected to grow at a CAGR of 15.8% from 2024 to 2030.
- In terms of segment, filters was the largest revenue generating product in 2023.
- RF Amplifiers is the most lucrative product segment registering the fastest growth during the forecast period.
Radio frequency components market data book summary
| Market revenue in 2023 | USD 2,485.4 million |
| Market revenue in 2030 | USD 6,928.8 million |
| Growth rate | 15.8% (CAGR from 2023 to 2030) |
| Largest segment | Filters |
| Fastest growing segment | RF Amplifiers |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Filters, Duplexers, RF Amplifiers, RF Switches, Modulators and Demodulators, Mixers and Synthesizers |
| Key market players worldwide | Broadcom Inc, Fujitsu Ltd, IQE PLC, NXP Semiconductors NV, Renesas Electronics Corp, Murata Manufacturing Co Ltd, Taiwan Semiconductor Manufacturing Co Ltd ADR, Texas Instruments Inc, TDK Corp, Rohm Co Ltd, Toshiba Corporation, UMS Holdings Ltd, MACOM Technology Solutions Holdings Inc, Amphenol Corp Class A, Wolfspeed Inc, Qorvo Inc, Analog Devices Inc, Merck & Co Inc, Knowles Corp, Skyworks Solutions Inc |
Other key industry trends
- In terms of revenue, India accounted for 6.7% of the global radio frequency components market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China radio frequency components market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,928.8 million by 2030.
Filters was the largest segment with a revenue share of 23.15% in 2023. Horizon Databook has segmented the India 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.
Rising auto manufacturing, rising consumer electronics demand, and increasing attention to military and defence are the main drivers of the nation's booming need for RF components. With more than 1.1 billion subscribers in 2020, India is the world's second-largest telecommunication market, according to the Indian Brand Equity Foundation (IBEF). India is the fourth-largest country worldwide for mobile phone applications and its mobile economy is expanding quickly.
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Radio Frequency Components Market Scope
Radio Frequency Components Market Companies
| Name | Profile | # Employees | HQ | Website |
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India radio frequency components market size, by product, 2017-2030 (US$M)
India Radio Frequency Components Market Outlook Share, 2023 & 2030 (US$M)
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