North America Radio Frequency Components Market Size & Outlook
North America radio frequency components market, 2017-2030 (US$M)
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North America radio frequency components market highlights
- The North America radio frequency components market generated a revenue of USD 10,217.3 million in 2023.
- The market is expected to grow at a CAGR of 12.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 10,217.3 million |
| Market revenue in 2030 | USD 23,263.2 million |
| Growth rate | 12.5% (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, North America region accounted for 27.4% 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 23.21% in 2023. Horizon Databook has segmented the North America 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 North American region is expected to grow considerably within the forecast period. The increased investments in research and development and invention by the top market players are resulting in the launch of new products with advanced and innovative features, supporting regional growth.
For instance, in April 2021, Apple Inc. announced its plan to invest USD 40 billion in the U.S. to develop silicon and 5G wireless innovation. The finding plans include over USD 1 billion investment in North Carolina to construct an engineering and campus hub. The investment was expected to provide 3000 new jobs across AI, ML, and software engineering.
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Radio Frequency Components Market Scope
Radio Frequency Components Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America radio frequency components market size, by country, 2017-2030 (US$M)
North America Radio Frequency Components Market Outlook Share, 2023 & 2030 (US$M)
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