The North America 5G Radio Frequency Chip (RF Chip) Market would witness market growth of 18.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G Radio Frequency Chip (RF Chip) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $24,094.1 Million by 2031. The Canada market is exhibiting a CAGR of 20.8% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 19.9% during (2024 - 2031).
The adoption of 5G RF chips is accelerating globally, fuelled by the widespread deployment of 5G networks and the growing demand for high-performance connectivity. Telecom operators are at the forefront of this trend, investing heavily in 5G infrastructure to expand coverage and meet consumer expectations for faster, more reliable services. Countries like China, South Korea, and the United States have led the charge, with millions of 5G base stations already operational and plans for further densification in urban and rural areas. This infrastructure buildup drives demand for RF chips, as each base station and device requires advanced RF components to function effectively.
Moreover, consumer adoption is another significant factor, with 5G-enabled smartphones becoming the norm rather than the exception. A substantial portion of global smartphone shipments is expected to support 5G, reflecting the rapid transition from 4G devices. This shift is supported by declining costs of 5G chipsets and increased availability of affordable 5G handsets, particularly in emerging markets like India and Southeast Asia. The rise of IoT devices—projected to exceed tens of billions in the coming years—further amplifies adoption. RF chips enable seamless connectivity for smart home appliances, wearables, and industrial sensors.
The rapid expansion of smartphone adoption in Canada and Mexico’s fast-growing telecommunications sector are key drivers of 5G network adoption, leading to a surging demand for 5G Radio Frequency (RF) chips. In Canada, smartphone penetration rates are exceptionally high, with 96% of individuals aged 15 to 44 owning a smartphone. At the same time, Mexico’s telecom sector continues to outperform overall economic growth, boasting over 138 million active wireless lines by 2023. These trends drive 5G infrastructure expansion, mobile device upgrades, and IoT development, all of which depend on advanced RF chips for high-speed connectivity and efficient spectrum utilization.
Based on Frequency Band, the market is segmented into Sub-6 GHz and mmWave (Millimeter Wave). Based on Application, the market is segmented into Smartphones, Base Stations, IoT Devices, and Other Application. Based on Type of Chip, the market is segmented into Radio Frequency Integrated Circuits (RFICs) and Millimeter-Wave ICs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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