Global Market Insights presents the RF components market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.
The Asia Pacific RF components market is projected to witness exponential growth in the upcoming years driven by economies such as China and India. Stringent regulations by the government of India, will be significant in propelling the market as it has made the deployment of set-top box compulsory. The Chinese government has also taken the initiative of 20 fab new semiconductor projects in which all multinationals have to collaborate with the Government of China for growth in the semiconductor components manufacturing industry by 2020.
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RF Components Market size is likely to witness growth in the upcoming years due to increasing demand for consumer electronics and technological advancements in wireless communication channels such as 4G LTE and 5G. The increasing demand for consumer electronic devices such as smart televisions, smart home devices, smartphones, smartwatches, drones, tablets, notebooks, etc., with the increasing integration of AI and IoT technologies into these devices will propel the demand for advanced antenna switches, filters, power amplifiers, etc., augmenting the RF components market.
The International Telecommunication Union (ITU) has reported that ever-increasing users of smartphones will also lead to the growth RF components market in the future. These components are integral to wireless phones and computers, Wi-Fi, satellite television, GPS etc. including 3G and 4G networks. Consumers are demanding high-speed data services, which will boost the demand for RF solutions for satellites by telecom operators. In addition, material developments in Gallium Arsenide and Silicon Germanium used for the manufacturing of these components have further contributed to industry growth by reducing the cost of components.
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The increasing applications of these components in the automotive and defense sectors are also fueling the RF components market growth. Defense contractors are incorporating more and more EW technology in their products which will create the demand for these components. For instance, Lockheed-Martin is offering electronic warfare capabilities in their planes that will enable them to queue opponent frequencies, suppress radar, etc. Companies, such as Toshiba, are focusing on manufacturing RF components for automotive vehicles.
The power efficiency of these components is one of the major challenges faced by the RF components market. They consume power at a much rapid rate due to which the implementation of efficient power amplifiers is crucial. In addition, to achieve optimum power efficiency, they are being deployed with envelope tracking ICs that ensure power supply management. Companies such as Samsung, Qualcomm, and Qorvo have these ICs as part of their RF product portfolio.
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The RF components market has been flourishing in regions of North America and European countries such as the U.S., Canada, the UK, and Germany. Increasing R&D efforts toward high data services and 5G networks are driving industry growth in the region. In Europe, the market is majorly driven by the automotive sector of Germany. In Latin America, the Brazil government has launched Radio Frequency System (RFS) antenna for the tri-sector family, which will reduce the cost of Brazilian operators and increase the bandwidth, range, and better-operating frequency spectrum, ensuring market growth.
Companies are entering into collaborations, strategic partnerships, joint ventures, and acquisitions to strive in the RF components market. For example, in January 2017, Silicon Lab acquired Zentri Inc. and in December 2017, it acquired Z-Wave Technology. This acquisition has led Silicon Lab to have technological advantages in developing more specialized components that can be integrated with IoT technology for smart home solutions. MACOM Technology Solutions entered into a joint venture with a Chinese company, GoerTek, to build 5G services in China.
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