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Visiongain Publishes Radio Frequency (RF) Components Market Report 2022-2032

11 May 2022

Visiongain has published a new report entitled the Radio Frequency (RF) Components Market Report 2022-2032: Forecasts by Material (Silicon, Gallium Arsenide, Silicon-Germanium, Heavy Component Removal, Other Material, Other Plant Process), by Components (Attenuators and Couplers, DC Blocks, Filters and Shifters, Splitters and Dividers, Tappers and Terminators, Other), by Application (Phones & Tablets, E-Readers & Notebooks, GPS Devices, Smart TV + Set Top Boxes, Other), by Tunability (Antenna Tuning, Power Amplifiers Tuning, Filter/Duplexers, Tuning) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenario.

The global radio frequency (RF) components market was valued at US$20,110 million in 2021 and is projected to grow at a CAGR of 12.2% during the forecast period 2022-2032.

The Asia-Pacific RF Market is predicted to grow significantly
Consumer electronics advancements and increasing defence equipment requirements, together with strong growth in key emerging economies such as China, India, and South Korea, will drive RF component demand even higher. In the RF sector, the major phone manufacturers differentiate themselves by using either an integrated or discrete strategy for RF Front-End Modules. More and more design wins are going to Chinese OEMs including Unisoc RDA, Airoha, Richwave, Goertek Inc., Smarter Micro, Huntersun, and Maxscend. It will be easier for them to collaborate with other players as a result of this. In April 2019, MACOM Technology Solutions Holdings, Inc. stated that it has achieved an agreement to form a joint venture with Goertek Inc. (OEMs and service providers). The Hong Kong-based joint venture will supply, market, and distribute GaN-on-Si based RF Power components in China's base station industry. MACOM will receive up to USD 134.6 million in cash from Goertek, including USD 30 million up front. GaN consumption is predicted to rise in Asia-Pacific as vehicle production rises, benefiting the region's RF power market. China is the greatest producer of electric vehicles in the world.

How has COVID-19 had a significant negative impact on the Radio Frequency (RF) Components Market?
The COVID-19 epidemic wreaked havoc on small, medium, and large-scale enterprises all across the world. In addition, governments around the world have imposed a country-by-country lockdown to prevent the virus from spreading and impeding corporate growth. The automation industry has been transformed by the merger of the digital and physical aspects of manufacturing in order to achieve optimal performance. In addition, a focus on zero waste production and shorter time to market has supported the market's growth. Easy monitoring, waste reduction, and increased production speed are all advantages of manufacturing process automation. Because of this technology, customers benefit from higher quality, consistency, and trustworthy items that arrive on time and at a lower cost.

How this Report Will Benefit you?
Visiongain’s 535-page report provides 390 tables and 386 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global radio frequency (RF) components market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Radio Frequency (RF) Components. Get the financial analysis of the overall market and different segments including tunability, application, material, components and capture higher market share. We believe that high opportunity remains in this fast-growing radio frequency (RF) components market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the current market drivers?

Rapid Technological Advancements in Wireless Communication
Many people all over the world rely on wireless-powered gadgets for communication and information sharing. To meet the expectations of consumers, wireless communication technology is continually evolving. With the exponential rise of wireless devices, a plethora of new difficulties in wireless networking and future internet integration have developed. As a result, a number of academics have developed novel and effective wireless transmission technologies and applications that can manage large amounts of wireless communication with improved quality of service, faster data transmission rates, and shorter latency. In recent years, a number of potential wireless solutions for improving wireless communication quality have been presented. Industry experts must communicate information about these new advances with one another in order to adjust quickly and boost research.

Increasing Investment Towards Deployment of 5G Infrastructure
5G is now being tested and will be offered in select areas later this year. With a mixture of worry and enthusiasm, mobile operators are preparing. They recognise that it will allow them to profit from new 5G use cases as well as widespread Internet of Things adoption (IoT). Simultaneously, they recognise that their infrastructure investments in this technology will have to be enhanced. Operators will have to improve their 4G networks in the meantime to meet demand. We calculated that network-related capital expenditures would have to grow by 60% between 2020 and 2025 in a study of one European country, nearly tripling total cost of ownership (TCO).

Where are the market opportunities?

Huge Leaps forward in "EW" Technology
The use of electromagnetic (EM) and directed energy to control the electromagnetic spectrum, or to attack the enemy, is defined as "the use of electromagnetic (EM) and directed energy to control the electromagnetic spectrum, or to attack the enemy." (MWRF) Major defence contractors will increasingly incorporate electronic warfare technology into their products in the future decade. The F-35 fighter, for example, has comprehensive electronic warfare capabilities that allow it to jam enemy frequencies, reduce radar, and more. Gallium-nitride (GaN) semiconductors, as well as low-noise amplifiers (LNA) and other components, are used in many of these new EW systems to meet their stringent power requirements. Unmanned vehicles will become more ubiquitous on land, in the air, and at sea, necessitating the development of improved radio frequency (RF) technology to communicate with and manage these machines through secure networks. Both the military and commercial sectors will see increased need for sophisticated RF solutions for satellite communications (SATCOM).

Recent Advances on Radio-Frequency Design in Cognitive Radio
With the rising demand for high data rates that require a lot of resources such as energy and frequency bandwidth, cognitive radio (CR) is considered as a very promising solution. The primary operation of the CR device is based on a cycle of observation, analysis, and decision-making, as well as opportunistic bandwidth access. As a result, a CR device (also called a secondary terminal) must first identify the presence of a primary transmission before transmitting anytime a frequency/time slot becomes available. If the authorised (primary) terminal restarts transmission, the secondary terminal switches bands or transmission parameters in order to avoid interfering with the primary broadcast. In reality, cognitive radio devices should be able to recognise any channel in any band across the entire spectrum and automatically adjust to the main broadcast. As a result of the continuous (or discontinuous) sensing process over a vast bandwidth, the secondary terminal's radio-frequency front-ends are susceptible to distinct limitations.

Competitive Landscape
The major players operating in the radio frequency (RF) components market are Analog Devices, Inc., Broadcom Inc., Fujitsu Limited, Infineon Technologies AG, IQE plc, Mitsubishi Electric Corporation, Murata Manufacturing Co., Ltd., NXP Semiconductors N.V, Qualcomm Incorporated, Renesas Electronics Corp, Rohm Company Limited, Skyworks Solutions, Inc., STMicroelectronics N.V, Taiwan Semiconductor Manufacturing Co., Ltd, Taiyo Yuden Co., Ltd, TDK Corp, Teradyne, Inc, Texas Instruments Incorporated, Toshiba Corp, WIN Semiconductors Corp, These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

Recent Developments
On 22nd September 2021, Broadcom Inc. has launched world’s lowest power L1/L5 GNSS receiver chip, the BCM4778, optimized for mobile and wearable applications. Equipped with the latest GNSS innovations, this third-generation chip is 35% smaller and consumes 5 times less power than the previous generation. Dual-frequency GNSS continues to be an important location feature for modern mobile and wearable devices as it provides greater positioning accuracy for location-based services (LBS) applications.

On 6th January 2022, KT Corporation (hereinafter KT) and Fujitsu Limited (hereinafter Fujitsu) have completed a verification facility at the KT Research and Development Center in Seoul, South Korea, at which the two companies leveraged Fujitsu’s Open RAN based 5G base station equipment to successfully test call connection during interoperability trials for open fronthaul. NTT DOCOMO, INC. (hereinafter NTT DOCOMO) has provided Fujitsu with technical support throughout the project.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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