Radio Frequency Components Market Size, Share & Trends Analysis Report By Product (Power Amplifier, Filters, Duplexer), By Application (Consumer Electronics, Military, Automotive), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the radio frequency components market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for radio frequency components market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of radio frequency components market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Radio Frequency Components Market Categorization:

The radio frequency components market was categorized into three segments, namely product (Filters, Duplexer, Power Amplifiers, Antenna Switches, Modulators & Demodulators), application (Consumer Electronics, Automotive, Military, Wireless Communication), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The radio frequency components market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The radio frequency components market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; the UK.; Germany; China; India; Japan, Brazil, and Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Radio frequency components market companies & financials:

The radio frequency components market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Silicon Laboratories was founded back in 1996 and is now based in the United States. The company operates in semiconductor and related product sectors. The company’s product offerings include microcontrollers, wireless, sensors, oscillators, power amplifiers, audio, video, and modems. Silicon Laboratories, Inc. provides applications across sectors such as automobile, computing, industrial automation, medical, communication and telecom, consumer electronics, IoT, and wireless. The company has an existence in Europe, the Americas, and Asia Pacific. The company provides solutions that assist its customers with a significant advantage in performance, energy efficiency, connectivity, and design simplicity. The company invested USD 38.5 million in R&D activities in the year of 2021.

• ROHM Semiconductor is a global manufacturer of electronic products that mainly deals with semiconductors. The company started its operations with a production plant for resistors and diversified its product line later to provide an entire line of semiconductors and electronics. The company now caters to various end-user businesses including industrial, automotive and transportation, energy, security, medical and healthcare, communications and telecom, home appliances, and lighting.

• Toshiba Electronic Devices & Storage Corporation, headquartered in Japan, offers high-capacity, high-speed, and highly reliable storage products to assist businesses in securing their massive amounts of data in a variety of specifications for different use cases. Toshiba is a well-known supplier of advanced storage solutions and semiconductors. The company functions its business across six main segments, including consumer, automobile, communication, computer, industrial, and IoT. The company offers storage products, memory, MOSFETs/Junction FETs, diodes, bipolar transistors, optical semiconductor devices, linear and logic ICs, sensors, and microcomputers. It also designs and develops ASICs/structured arrays, wireless communication equipment ICs, automotive devices, radio-frequency devices, software IPs, and ASSPs. The company’s diversified products include electronic components and materials, industrial and social infrastructure, consumer electronics, information and communication equipment and systems, household appliances, electronic components, medical equipment, lighting, and office equipment.

• Texas Instruments Inc. designs, manufactures, tests, and sells analog and embedded semiconductors to various businesses such as industrial, automotive, personal electronics, communications equipment, and enterprise systems. The company’s operations are integrated into three segments; analog, embedded processing, and others. The company’s analog semiconductors are used to condition and amplify sound, pressure, temperature, and image signals. Then those are converted into digital data that can be processed by embedded processors and other semiconductors. The company’s products are often sold to businesses such as Original Design Manufacturers (ODMs), Original Equipment Manufacturers (OEMs), and companies within the Electronics Manufacturing Services Industry (EMSI).

• Taiwan Semiconductor Manufacturing Co., Ltd. provides a massive selection of technology and services linked to semiconductors, including the production and promotion of integrated circuits and services such as wafer design, wafer manufacture, assembly, and testing, as well as mask manufacturing. The company’s products and services are used across industries such as communication, automotive, consumer electronics, computer, and industrial equipment.

• Murata Manufacturing Co. Limited manufactures, develops, and sells electronic components such as electronic modules, capacitors, high-frequency devices, piezoelectric products, and related parts. The company also delivers a variety of offerings such as consumer electronics, products for automobile applications, energy management systems, and healthcare equipment. The company functions across numerous sectors including healthcare, automotive, network, industrial, and customer goods. The company is principally involved in the production of ceramic passive electronic components including sensors, ceramic filters, and capacitors. The company’s core know-how includes material, layering, production, and radio frequency. Murata Manufacturing offers wireless charging solutions with a range of wireless power transmission modules.

• Renesas Electronics Corporation is a Japanese semiconductor manufacturer headquartered in Tokyo. It is a publicly operated firm listed on the Tokyo Stock Exchange as TYO: 6723. The company's product offerings entail microcontrollers and microprocessors, embedded systems, thyristors, analog ICs for automotive, RF devices, mixed-signal integrated circuits, and system-on-a-chip semiconductors. It provides MCUs through four product series, namely RL78, RX, RH850, and Renesas Synergy. The company primarily offers its solutions to three application areas: automobile, industrial, and office automation & Information Communication Technology (ICT).

• NXP Semiconductors N.V. is a Dutch company, headquartered in Eindhoven, Netherlands. It works in the manufacturing and selling of semiconductors. The company provides products for use in a variety of industries and application areas, such as the automotive, industrial, mobile, and Internet of Things (IoT). Furthermore, the company provides product solutions across an extensive range of applications such as identification, wireless infrastructure, lighting, automotive, mobile, industrial, consumer, and computing. The company acquired Freescale Semiconductor Inc. in December 2021. With this acquisition, NXP strengthened its position in the high-performance mixed-signal solutions market.

• Fujitsu Limited is a Japanese multinational provider of Information and Communications Technology (ICT) products and services. It has headquarters in Tokyo now. The company focuses on technology products such as client computing devices, integrated systems, and servers. The company operates through three key business segments, namely device solutions, ubiquitous solutions, and technology solutions. It provides a range of infrastructure solutions, industry solutions, and business and technology solutions as well.

• Broadcom Inc. is an American multinational provider of semiconductor and infrastructure software solutions. It designs, develops, and provides semiconductor and infrastructure software solutions to its client businesses across numerous countries, including the U.S., Asia, Europe, and Israel. The company also invests in R&D to focus on niche prospects and leverage its product portfolio of U.S. and other patents and intellectual properties. The company offers semiconductor solutions that include set-top boxes, broadband access, ethernet switching & routing, embedded processors & controllers, SerDes ASICs, physical layer devices, fiber optic components, RF semiconductor devices, and connectivity solutions.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Radio Frequency Components Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Radio Frequency Components Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.