RF Front End Module Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

RF Front End Module Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global RF front end module market size reached US$ 20.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.8 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.

A radio frequency (RF) front end module refers to a device panel that combines all circuits between the antenna and the receiver. It consists of an RF filter, amplifier, local oscillator, mixer and multiple switches. It is commonly used to minimize the image response and prevent strong out-of-band signals from saturating the input stages. The module is also used for switching between the radio signal and baseband frequency in wireless systems and frequency modulation (FM) radios to encode/decode the signals during transmission. Thus, it is widely used in the manufacturing of consumer electronics, automobiles, military equipment and wireless communication tools, such as in-home devices, smart thermostats, wearables, internet of things (IoT) devices, smart lighting, sensors and range extenders.

Rapid digitalization, along with growing industrial automation, especially in developing economies, represents one of the key factors creating a positive outlook for the market. Furthermore, with the increasing use of social networking platforms and IoT devices, there is a substantial rise in the traffic generated from data-intensive industries, such as banking, financial services and insurance (BFSI). This has enhanced the consumer preference for smart devices equipped with innovative RF front end modules, which, in turn, is contributing to the market growth. Additionally, various technological advancements, such as the development of silicon-on-insulator (SOI) substrates, are acting as other growth-inducing factors. RF-SOI substrates support the functioning of 3G, 4G/LTE and future network requirements to enable faster and reliable data transmission. Other factors, including the commercialization of 5G technology, along with significant improvements in the information technology (IT) infrastructure, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global RF front end module market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component and application.

Breakup by Component:

RF Filters
RF Switches
RF Power Amplifiers
Others

Breakup by Application:

Consumer Electronics
Automotive
Wireless Communication
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Broadcom Inc., Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Qorvo Inc., Skyworks Solutions Inc., STMicroelectronics N.V., Taiyo Yuden Co. Ltd., TDK Corporation, Teradyne Inc. and Texas Instruments Incorporated.

Key Questions Answered in This Report

1. What was the size of the global RF front end module market in 2022?
2. What is the expected growth rate of the global RF front end module market during 2023-2028?
3. What are the key factors driving the global RF front end module market?
4. What has been the impact of COVID-19 on the global RF front end module market?
5. What is the breakup of the global RF front end module market based on the component?
6. What are the key regions in the global RF front end module market?
7. Who are the key players/companies in the global RF front end module market?