DUBLIN--(BUSINESS WIRE)--The "RF Signal Chain Components Market by Product (Filters, Diplexers), Frequency Band (Ka Band, Ku Band), Material Type (Gallium Arsenide, Gallium Nitride), Application (Consumer Electronics, Telecom Infrastructure) and Region- Global forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The RF signal chain components market size is valued at USD 39.0 billion in 2022 and is anticipated to be USD 72.9 billion by 2027; growing at a CAGR of 13.3% from 2022 to 2027.
Rising demand for mobiles and smartphones
The advent of 5G technology has fueled the demand for 5G-enabled smartphones. According to Samsung, the demand for smartphones and 5G smartphones is expected to grow at a CAGR of 6% and 37%, respectively, from 2021 to 2025, due to the rising commercialization of 5G technology.
Smartphone manufacturers such as Apple Inc., Samsung, Huawei, Vivo, Honor, OPPO, Xiaomi, and OnePlus have commercialized their 5G smartphones worldwide.
Thus, the increase in the shipment of 5G smartphones is expected to fuel the demand for RF signal chain components during the forecast period.
Growing deployment of RF devices by smart cities
Growing urbanization, rising need for efficient management and utilization of resources, increasing demand for fast and efficient transport and commuting, public safety concerns, and surging demand for a healthy environment with efficient energy consumption are expected to be the major factors driving the growth of the smart cities market across the world.
RF technology is necessary for the increased usage of sensors for data collection in smart cities. Utilizing real-time information allows for a rise in efficiency across industries, including health and safety. Thus growing deployment of RF devices by smart cities acts as a major opportunity in the market.
Rising design complexity and requirements of RF devices
Design complexity makes it difficult to understand the working of the RF signal chain components, leading to inefficient results. The electronics industry is focusing on integrating multiple functionalities on a single chip. This will help the industry to offer advanced, power-efficient, and cost-optimized solutions.
However, using a higher switching frequency in these devices is necessary, thereby presenting unique design-related challenges. This complexity in the design structure of control algorithms pulls down the switching speed, affecting the overall performance of the control structure. Furthermore, bulky electronic circuits require high energy for efficient working and exhibit slow operations.
With the rapid developments in smartphone designs, increasing cellular network requirements, and rising deployment of modern warfare infrastructure, device complexity is expected to be a major barrier to the adoption of integrated microwave assemblies.
Market Dynamics
Drivers
- Increasing Demand for RF Components from Defense Sector
- Rising Demand for Mobiles and Smartphones
- Growing Investments in 5G Network Infrastructure
Restraints
- High Cost of Gan-based RF Devices
Opportunities
- Increasing Number of Space Programs Worldwide
- Rising Demand for RF Equipment from Automotive Sector
- Growing Deployment of RF Devices by Smart Cities
Challenges
- Increasing Number of Trade Legalizations due to Geopolitical Factors
- Rising Design Complexity and Requirements of RF Devices
Companies Mentioned
- Analog Devices, Inc.
- Apitech
- Astra Microwave Products Limited
- Broadcom
- Cobham Limited
- Cpi International Inc.
- Infineon Technologies
- Macom Technology Solutions Holdings, Inc.
- Microchip Technology Inc.
- Microwave Technology, Inc.
- Mitsubishi Electric
- Murata Manufacturing Co. Ltd.
- National Instruments Corp.
- Nxp Semiconductors
- Panasonic Holdings Corporation
- Qorvo, Inc.
- Raytheon Technologies Corporation
- Rfhic Corporation
- Skyworks Solutions, Inc.
- Stmicroelectronics
- Sumitomo Electric Device Innovations, Inc.
- Texas Instruments
- Thales
- Wolfspeed
For more information about this report visit https://www.researchandmarkets.com/r/qso4rq
