Middle East & Africa Radio Frequency Components Market Size & Outlook
Middle East & Africa radio frequency components market, 2017-2030 (US$M)
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MEA radio frequency components market highlights
- The MEA radio frequency components market generated a revenue of USD 2,395.9 million in 2023.
- The market is expected to grow at a CAGR of 10.9% 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.
MEA data book summary
| Market revenue in 2023 | USD 2,395.9 million |
| Market revenue in 2030 | USD 4,932.7 million |
| Growth rate | 10.9% (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 |
| 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, MEA region accounted for 6.4% of the global radio frequency components market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,734.2 million by 2030.
Filters was the largest segment with a revenue share of 23.36% in 2023. Horizon Databook has segmented the Middle East & Africa 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 growth of the Middle East and African radio frequency component market is characterized by its booming digitalization, roll out of 5G in the region, increased foreign investment, growing traction towards smart devices, and high smartphone penetration in the Middle East.
However, the African radio frequency component market is expected to witness growth over the forecast period owing to the growing popularity of laptops, tablets, and smartphones among the tech-savvy- the younger generation of the continent.
The emerging economies in the country are also witnessing a boom in tech startups, and educational centers, with is promoting the growth of consumer devices in the region. Thereby, augmenting the market growth.
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Radio Frequency Components Market Scope
Radio Frequency Components Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa radio frequency components market
Middle East & Africa Radio Frequency Components Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa radio frequency components market
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