The Radio Frequency Front End Global Market Report 2024 Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Radio Frequency Front End Global Market Report 2024 Global Market Report 2024, The radio frequency front end market size has grown rapidly in recent years. It will grow from $19.21 billion in 2023 to $22.23 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to mobile communication expansion, rising demand for smartphones, increasing consumer electronics adoption, globalization of communication.
The radio frequency front end market size is expected to see rapid growth in the next few years. It will grow to $37.83 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to 5g network deployment, proliferation of iot devices, increased demand for high-speed data, expansion of smart cities initiatives, growth in autonomous vehicles, rising demand for connected devices. Major trends in the forecast period include integration of rf components, development of advanced semiconductor materials, increased use of beamforming technology, rising adoption of mmwave technology, emphasis on energy-efficient rf front-end solutions, advancements in rf filter technology.
The increasing demand for wireless mobile connections is expected to propel the growth of the radio frequency front-end market going forward. Wireless mobile networks refer to cellular networks designed to connect to mobile devices such as smartphones, tablets, and other wireless-enabled devices. The radio frequency (RF) front end plays a vital role in enabling wireless communication, such as mobile connections between mobile devices and cellular networks, for managing the transmission and reception of radio frequency signals, ensuring reliable and efficient communication. For instance, in February 2022, according to GSM Association, a UK-based non-profit industry organization, there were 6.2 billion smartphone connections recorded in 2021, and it is expected to reach 7.5 billion connections by 2025. Therefore, the increasing demand for wireless mobile connections is driving the growth of the radio frequency front-end market.
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The radio frequency front end market covered in this report is segmented –
1) By Type: Radio Frequency Filters, Radio Frequency Power Amplifiers, Radio Frequency Switches, Other Types
2) By Application: Smartphones, PC (Personal Computer), Tablets, Wearables, Industrial loT (Internet Of Things), Mobile Broadband, Other Applications
3) By End-User: Consumer Electronics, Automotive Systems, Wireless Networks, Military, Other End Users
Technological advancements are a key trend gaining popularity in the radio frequency front-end market. Major companies operating in the radio frequency front-end market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Guerrilla RF Inc., a US-based semiconductor manufacturing company, announced that it had entered the production phase for its GRF6402 digital step attenuator (DSA), a new product featuring state-of-the-art silicon on insulator (SOI) technology. The GRF6402 offers an innovative rapid-fire control scheme, reducing component count, saving space, and lowering customer costs. This expansion of Guerrilla RF’s portfolio aims to drive growth in strategic markets like automotive telematics and 5G communications while aligning with their commitment to making better networks and catering to customer needs.
The radio frequency front end global market report 2024 market report table of contents includes:
- Executive Summary
- Radio Frequency Front End Market Characteristics
- Radio Frequency Front End Market Trends And Strategies
- Radio Frequency Front End Market – Macro Economic Scenario
- Global Radio Frequency Front End Market Size and Growth
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- Global Radio Frequency Front End Market Competitive Benchmarking
- Global Radio Frequency Front End Market Competitive Dashboard
- Key Mergers And Acquisitions In Radio Frequency Front End Market
- Radio Frequency Front End Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Qualcomm Inc.
- Broadcom Inc.
- Texas Instruments Incorporated
- Infineon Technologies AG
- TDK Corp.
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