Radio Frequency Components Market Segmentation:
Application Segment Analysis
The consumer electronics segment is anticipated to hold 45% share of the global radio frequency components market by 2035. The growth of the electronics industry can be attributed to the increasing expenditure on consumer electronics and rising disposable income, resulting in higher demand for items such as smartphones, laptops, tablets, smart wearables, and smart home accessories. The demand is also being driven by the increasing use of IoT technologies and technical advancements such as AI integration in TVs and set-top boxes for voice recognition and control. As per estimates, more than 14 billion interconnected Internet of Things devices are in use worldwide, and it is expected that by 2030, there will be around 25 billion connected IoT devices, providing prospective opportunities for the segment’s growth. Moreover, the automotive sector is also expected to grow rapidly due to the rising demand for connectivity features like music systems in vehicles. The installation of automation solutions in vehicles is also expected to drive demand for RF components in this segment.
Product Type Segment Analysis
The filter segment in the radio frequency components market is poised to hold the majority revenue share. The rapid growth in the user base of mobile devices and 4G LTE networks is primarily responsible for the growth of the segment. The antenna switch segment is expected to experience a steady growth rate in the forecast period. This is due to the increasing experimentation with switch architecture, rising applicability, and advancements in IoT technologies that have resulted in the development of small, inexpensive, and energy-efficient solutions.
Our in-depth analysis of the global radio frequency components market includes the following segments:
|
Application |
|
|
Product Type |
|
