New York, USA, April 19, 2023 (GLOBE NEWSWIRE) -- As per Research Dive’s latest report, the global radio frequency front end market is expected to garner a revenue of $69,926.4 million by 2031 and grow at a stunning CAGR of 14.2% in the 2022-2031 timeframe. This latest report, published by Research Dive, provides a brief outlook of the contemporary architecture of the radio frequency front end market including its major characteristics like growth drivers, growth opportunities, restraints, and hindrances during the analysis period of 2022-2031. All the important market figures are also provided in this report to help new entrants gain insights into the market easily.
Dynamics of the Market
Drivers: A general increase in the number of next generation wireless networks is predicted to boost the radio frequency front end market in the forecast period. Along with this, growing adoption of smart devices is predicted to help the market grow in the forecast period.
Opportunities: Rising use of radio frequency front end in 3G and 4G technology is anticipated to offer numerous growth opportunities for the market in the forecast period. Additionally, the growing use of smart consumer electronic products is expected to be the major factor behind the growth of the market in the forecast period.
Restraints: However, despite the various growth opportunities, complexities in the design of RF antennas are predicted to be a major restraint in the full-fledged growth of the radio frequency front end market.
Impact of Covid-19 on the Market
The novel coronavirus had wreaked havoc in the world. The lockdowns put in place to curb the virus affected various industries and their production cycles. The radio frequency front end market has been no exception to this phenomenon. The shutdown of industries and disruptions in global supply chains caused a decline in the design and supply of ICs leading to a fall in the growth rate of the market.
Segments of the Market
The report has divided the radio frequency front end market into certain segments based on type, end use industry, and region.
Type: RF Filters Sub-segment to be Highly Dominant
The RF filters sub-segment is predicted to have a dominant market share by 2031. Extensive use of RF filters in smartphone manufacturing is expected to help the market grow in the forecast period.
End Use Industry: Consumer Electronics Sub-segment to be Immensely Lucrative
The consumer electronics sub-segment of the radio frequency front end market is anticipated to have a significant market share by 2031. The growing global spending on consumer electronics such as smartphones, tablets, laptops and notebook computers is predicted to help in propelling the sub-segment forward.
Market in the Asia-Pacific Region to be the Most Profitable
The radio frequency front end market in the Asia-Pacific region is expected to be the most profitable in the forecast period. The huge demand for RF components from consumer electronics manufacturing companies in countries like China, India, South Korea is predicted to be the primary growth driver of the market in the forecast period.
Prominent Market Players
Some leading market players of the radio frequency front end market are
- Broadcom Inc.
- Qorvo Inc.
- Taiyo Yuden Co.
- Infineon Technologies AG.
- Skyworks Solutions Inc.
- Murata Manufacturing Co. Ltd.
- Murata Manufacturing Co. Ltd.
- STMicroelectronics N.V.
- Analog Devices Inc.
- NXP Semiconductors N.V.
These players are adopting various business strategies like mergers, acquisitions, and collaborations to gain a leading position in the global market.
For instance, in March 2022, Murata Manufacturing Co., Ltd., a Japanese electronic components manufacturer, announced the acquisition of Resonant Inc., a global leader in RF filter designing. This acquisition is predicted to help Murata Manufacturing to expand its global business substantially in the coming period.
Finally, the Research Dive report also summarizes many crucial aspects of the radio frequency front end market including SWOT analysis, latest strategic developments, financial performance of the key players, and product portfolio.
More about Radio Frequency Front End Market:
- How is the Penetration of Radio Frequency Front End Benefitting Various Industries with Optimized Applications
- Global Radio Frequency Front End Market to Generate $69,926.4 Million by 2031, Owing to an Increase in the Adoption of Smart Consumer Electronics Products
