The Global Radio Frequency Front End Market Share is predicted to be valued at $69,926.4 million by 2031, surging from $18,799.4 million in 2021, at a CAGR of 14.2%.
Impact Analysis of COVID-19 on the Radio Frequency Front End Market
The impact of COVID-19 on the radio frequency front end market has slowed its growth. Most global IC design firms' clients placed orders in advance, with some orders already fulfilled and shipped. As a result, despite the pandemic's impact, IC design revenue did not drop significantly in the first quarter of 2020. However, as the pandemic spread, device manufacturers' demand for IC design decreased, affecting the RF front end market. Specifically, IC designers for smartphones and other consumer electronics were hit the hardest, putting a damper on market growth. Apple orders accounted for 51% of Skyworks' revenue and 32% of Qorvo's revenue last year, and hence the supply chain slowdown impacted market revenue growth.
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Many industries, including electronics, automotive, aerospace defense, and telecommunications, were forced to shut down due to government-imposed lockdowns and travel and trade restrictions, lowering demand for RF power semiconductors in 2020. As of 2022, several RF component manufacturers had reorganized their supply chains by collaborating with regional raw material suppliers. In the future, this is expected to reduce the burden of the COVID-19 pandemic on producers.
Global Radio Frequency Front End Market Analysis
The radio frequency front end market is being driven by the adoption of Bluetooth IoT applications. RF front end market players are focusing on developing low-power solutions that significantly improve range for wireless network (more than twice as much as standalone system-on-chip implementations) and efficiently deliver more power to the antenna, minimizing or potentially eliminating the need for an antenna matching network. In addition, the front-end module incorporates power amplifier output matching, harmonic filtering, and bypass path switching, allowing for flexible and innovative end product designs for space-constrained IoT applications. For instance, August 2022 Skyworks released two new 2.4 GHz RF front-end modules, SKY66118-11 and SKY66407-11, for Bluetooth IoT applications such as smartwatches, trackers, connected home systems, and more.
However, the increased need for large investments in RD and the need for large space for RF antennas are expected to limit market growth. During the forecast period, each of these factors is expected to have a significant impact on the radio frequency front end market. Two significant barriers are the introduction of high frequency brands and the rise in RF complexity brought on by the expansion of bands per device. The significant amount of space needed for an RF antenna, which is not available in smartphones, is one of the difficulties for radio frequency front end market share.
The market has grown as a result of rising investments in digital technologies like robotics, the Internet of things (IoT), artificial intelligence/machine learning (AI/ML), and others. These investments, combined with the growing popularity of Bluetooth-connected gaming headsets and home devices, have also contributed to the market expansion. Improved system-on-chip integrations and rising RF module demand for IoT applications with limited space might both contribute to the market's growth. For Bluetooth internet of things (IoT) applications including connected home systems, gaming headsets, wearables, trackers, and so on, Skyworks announced two 2.4 GHz RF front-end modules in August 2022: the SKY66118-11 and the SKY66407-11. The National Association of Software and Services Companies (NASSCOM) in collaboration with Capgemini on Industry 4.0 adoption in India's manufacturing sector, IT spending for Industry 4.0 will reach $103 billion by 2021.
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Global Radio Frequency Front End Market, Segmentation
The radio frequency front end market is segmented on the basis of type, end use industry, and region.
Type:
The type segment is further classified into RF filters, RF power amplifiers, RF switches, and others. Among these, the RF filters sub-segment accounted for a highest market share in 2021 and is anticipated to show the fastest growth by 2031. RF filters are employed in a wide range of applications, including radio receivers that reject picture frequencies, broadcast receivers that choose desired channel frequencies, EMI filters that lower noise levels, transceivers that lower LO leakage levels, and others. The RF filter’s entire structure is easily accessible, which makes troubleshooting simple. Aside from the waveguide-based RF filters, it is smaller in size. RF filter is easy to integrate with rest of the system without any issues as the connectorized and connector less modules can be easily constructed. Theses factor boost the RF filter subsegment in Radio frequency front end market growth.
End-use Industry:
The end-use industry segment is further classified into consumer electronics, automotive systems, wireless networks, military, and others. Among these, the consumer electronics sub-segment accounted for highest market share in 2021 and is anticipated to show the fastest growth by 2031. The rapid growth can be attributed to factors such as the increasing emphasis of popular smartphone brands such as Xiaomi, One Plus, and others on RF front-end module integration, rising consumer demand for high-performance standard-based mobile applications, and so on. NXP Semiconductors N.V. announced in May 2020 that its most recent radio front end (RFFE) module supporting the Wi-Fi 6 standard would be designed into Xiaomi's Mi 10 5G smartphones. This highly integrated RF front-end was capable of supporting advanced portable computing devices, such as premium 5G smartphones with high-performance MIMO functionality. This would reduce design time as well as time to market. Such factors will eventually contribute to the expansion of the global radio frequency front end market size for the consumer electronics sector in the coming years.
Region:
The radio frequency front end market in the Asia-pacific region accounted for highest market share in 2021 and is projected to show the fastest growth by 2031. Increasing commercialization of 5G technology, increased adoption of connected IoT devices within industries, and increased demand for improving wireless communication standards have been catering to its market demands. As part of meeting the growing demand for RF Front End Modularization of Cat. 1/4 as well as other IoT module products, RadRock, one of the leading Chinese RF component suppliers, launched its first PAMiD RF front-end with mass production in China in May 2021.
Key Players in the Global Radio Frequency Front End Market
Some of the leading radio frequency front end market players are
- Broadcom Inc
- Infineon Technologies AG
- Murata Manufacturing Co. Ltd
- NXP Semiconductors N.V.
- Qorvo Inc
- Skyworks Solutions Inc
- STMicroelectronics N.V.
- Taiyo Yuden Co
- Murata Manufacturing Co Ltd
- Analog Devices Inc
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