18 July 2019
Visiongain has launched a new semiconductor report Radio Frequency (RF) Components Market Report 2019-2029: Forecasts by Product (Filters, Duplexer, Antenna Switches, Modulators & Demodulators, Power Amplifiers), by Application (Consumer Electronics, Automotives) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global radio frequency (RF) components market is expected to demonstrate promising growth through the forecast period. This can be attributed to increasing demand for devices with wireless connectivity such as mobiles, tablets, smart TV, laptops & notebooks. Additionally, the evolution in materials used for manufacturing RF components, such as Silicon Germanium and Gallium Arsenide and technological advancements in the field of wireless communication are expected to further drive the market. However, increasing prices of raw materials is expected to impede the RF components market growth.
The market is witnessing a rise in demand for advanced RF solutions such as phase shifters, integrated modules, antenna switches, and other high-performance RF solutions to enable better data capacity and wider channel bandwidths than current or previous generation networks. Among the applications, the consumer electronics segment is anticipated to demonstrate significant growth through the forecast period. This can be attributed to rising disposable income in the emerging countries and increasing consumer expenditure on electronic devices such as laptops, smartphones, and tablets. According to the International Telecommunication Union (ITU), the number of internet users increased from 3,170 million in 2015 to 3,896 million in 2018 worldwide. Additionally, the global mobile cellular telephone subscriptions reached to 8,160 million in 2018 from 7,181 in 2015. The introduction of innovative RF technologies enables products to offer lower noise parameters, higher frequencies, and a dynamic power range, that results in development of next generation electronic components. Furthermore, increasing popularity and growing uptake of high-speed networks including 5G & 4G, are expected to boost the RF market growth.
Some of the major companies operating in the RF market include Broadcom, Inc.; Renesas Electronics Corporation; NXP Semiconductors N.V.; International Quantum Epitaxy Plc; Fujitsu Limited; Taiwan Semiconductor Manufacturing Co. Limited; Murata Manufacturing Co. Limited; TDK Corporation; and Texas Instruments, Inc. These companies are targeting IoT and 5G applications by increasing spending in the R&D of novel specialty technologies, such as 3D-intelligent sensors and radio frequency solutions.
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This can be attributed to increasing demand for devices with wireless connectivity such as mobiles, tablets, smart TV, laptops & notebooks.
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