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RF Components Market Size

Report ID: GMI3829
Published Date: Jan 2022
Report Format: PDF

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RF Components Market Size

Radio Frequency (RF) Components Market size exceeded USD 15 billion in 2021 and is anticipated to grow at over 16% CAGR between 2022 and 2028. The market growth is attributed to the increasing penetration of industrial robotics & automation across manufacturing and processing sectors.

RF Components Market Overview

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Various RF components, such as RF amplifiers, transistors, diodes, and filters, are integrated into industrial robots for wireless connectivity applications. According to October 2021 press release by International Federation of Robotics, there were around three million operational industrial robots operating around factories across the globe. Also, the worldwide industrial robot sales increased by 10% in 2020 compared to 2019. The industrial robots are also equipped with radio frequency controllers, radar modules, IoT sensors, and RFID chipsets for remote monitoring and controlling applications. Adding to this, the proliferation of smart factories across North America and APAC economies will further amplify the adoption of RF components over the forecast timeframe.

RF Components Market Report Attributes
Report Attribute	Details
Base Year:	2021
RF Components Market Size in 2021:	USD 15 Billion
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	16%
2028 Value Projection:	USD 40 Billion
Historical Data for:	2017 to 2021
No. of Pages:	250
Tables, Charts & Figures:	201
Segments covered:	Component Type, Application
Growth Drivers:	Rising trend towards smart home devices Increasing investment towards deployment of 5G infrastructure Emphasis towards connected vehicle technology Growing trend of industrial automation in Asia Pacific Rising implementation of IoT in European healthcare sector
Pitfalls & Challenges:	Technical issues associated with RF components

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The global market size of radio frequency (RF) components had surpassed USD 15 billion in 2021 and will register a 16% CAGR through 2028 due to rising penetration of industrial robotics and automation solutions across the manufacturing and processing sectors.

Radio frequency (RF) components, including RF amplifiers, transistors, diodes, and filters, are integrated into industrial robots to cater to uses in wireless connectivity applications.

The consumer electronics end-user segment held close to 40% of revenue share in 2021 and will record a CAGR of around 17% up to 2028 driven by increasing usage in smartphones, tablets, laptops, and wearable electronics.

Asia Pacific accounted for close to 50% of the market share in 2021 and is anticipated to expand at nearly 18.5% CAGR through 2028 owing to the rising investments by regional telecom operators to integrate 5G communication networks in China, South Korea, Japan, and India.