Mexico Radio Frequency Components Market Size & Outlook
Mexico radio frequency components market, 2017-2030 (US$M)
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Mexico radio frequency components market highlights
- The Mexico radio frequency components market generated a revenue of USD 995.1 million in 2023 and is expected to reach USD 2,156.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.7% 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 995.1 million |
| Market revenue in 2030 | USD 2,156.6 million |
| Growth rate | 11.7% (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, Mexico accounted for 2.7% 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 Latin America, Brazil radio frequency components market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,625.9 million by 2030.
Filters was the largest segment with a revenue share of 23.18% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico witnessed the launch of the first 5G mobile network in February 2022. The rollout presents a significant opportunity for the nation's development and digitization. The GSMA predicts that the deployment of 5G would have a substantial influence on Latin America, with an expected 5% GDP growth and a USD 90 billion rise by 2034. IDC, an IT analyst company, predicted that Mexico's services industry would create enormous money in the first year of 5G operations.
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Radio Frequency Components Market Scope
Radio Frequency Components Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico radio frequency components market size, by product, 2017-2030 (US$M)
Mexico Radio Frequency Components Market Outlook Share, 2023 & 2030 (US$M)
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