Radio Frequency Components Market To Reach $89,729.7 Million By 2030

Radio Frequency Components Market Growth & Trends

The global radio frequency components market size is estimated to reach USD 89,729.7 million by 2030, registering a CAGR of 13.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is expected to be driven by the high demand for devices that can establish direct wireless connectivity with the internet, including tablets, smartphones, smartwatches, drones, smart televisions, and smart home devices. Radiofrequency (RF) components industry’s growth is also anticipated to be aided by technological advancements in the field of wireless communication and advancements in materials utilized in the production of RF components, such as gallium arsenide (GaAs) and silicon germanium (SiGe).

These materials make it possible to combine analog and digital circuits onto a single chip, reducing the cost of producing the component. These parts are used in a variety of sectors, including consumer electronics, automotive, and military. In the upcoming years, it is anticipated that the consumer electronics application category would expand significantly due to rising consumer spending on electronic devices such as tablets, laptops, smartphones, and personal computers. Additionally, new radio frequency technologies are being developed that offer goods with a dynamic power range, higher frequencies, and reduced noise parameters, allowing for the construction of next-generation electronic components. The demand for products has been considerably impacted by the rising acceptance of high-speed networks like 4G and 5G, which has fueled the market for radio frequency components.

The International Telecommunication Union (ITU) estimates that there were 3.7 billion internet users worldwide in 2018, and that figure will rise to 5.3 billion by 2022. The global trend of steadily increasing internet and mobile phone users is probably going to have a beneficial effect on the market's growth prospects in the near future. The demand for advanced radio frequency solutions, such as switches, integrated modules, phase shifters, and other high-performance radio frequency solutions, has increased due to the growing demand for wireless communication solutions, including 5G, to allow wider channel bandwidths and greater data capacity than current or previous generation networks.

Additionally, 5G offers high-data-rate wireless connections, such as 4K/8K ultra High-Definition (HD) TV streaming, with an operational frequency range of 24 GHz to 95 GHz. Due to 5G networks' expanded coverage and decreased latency, there is an increased need for radio frequency components in wireless devices. On the other hand, a rise in raw material costs is anticipated to have a negative impact on the expansion of the market for radio frequency components. The vendor landscape of the RF components market is extremely fragmented in nature, which leads to fierce competition among important businesses and volatility in price margins based on competitive dynamics.

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Radio Frequency Components Market Report Highlights

• By product, the filters segment led the market with the largest revenue share of 23.3% in 2024.

• The radio frequency amplifiers segment is estimated to exhibit at a rapid CAGR over the forecast period, attributed to rapid growth in the user base of mobile devices and 4G LTE networks.

• The consumer electronics application segment held the largest revenue share of 66.4% in 2024, attributable to increasing consumer electronics expenditure and rising disposable income on items like smartphones, tablets, laptops, smart wearable notebooks, and smart home accessories.

• Based on application, The wireless communication segment is expected to grow at the fastest CAGR of 13.4% during the forecast period.

• The Europe is expected to grow at the fastest CAGR of 13.8% during the forecast period. The automotive sector is playing a significant role in driving the growth of the market in Europe.

Radio Frequency Components Market Segmentation

Grand View Research has segmented the global radio frequency components market based on product, application, and region:

Radio Frequency Components Product Outlook (Revenue, USD Million, 2018 - 2030)

• Filters

• Duplexers

• RF Amplifiers

• RF Switches

• Modulators and Demodulators

• Mixers and Synthesizers

• Others

Radio Frequency Components Application Outlook (Revenue, USD Million, 2018 - 2030)

• Consumer Electronics

  • Mobile Phones

  • Tablets

  • Smart TVs & Set-top Boxes.

  • Laptops & Notebooks

  • Others

• Automotive

• Military

• Wireless Communication

• Others

Radio Frequency Components Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa

  • KSA

  • UAE

  • South Africa

List of Key Players in the Radio Frequency Components Market

• Broadcom, Inc.

• Fujitsu Limited

• IQE plc

• NXP Semiconductors

• Renesas Electronics Corporation

• Murata Manufacturing Co. Limited

• Taiwan Semiconductor Manufacturing Co. Limited

• Texas Instruments, Inc.

• TDK Corporation

• ROHM Co., Ltd

• Toshiba Electronics Devices & Storage Corporation

• United Monolithic Semiconductors

• MACOM Technology Solutions Holdings, Inc.

• WIN Semiconductors

• SV Microwave (Amphenol Corporation)

• Wolfspeed, Inc.

• Qorvo, Inc

• Analog Devices, Inc

• Marki Microwave, Inc.

• Knowles Corporation

• Skyworks Solutions, Inc.

• Gotmic AB