Global Radio Frequency Front-end Module Market is expected to grow at a significant CAGR of 12.8% in the upcoming period as the scope and its applications are rising enormously across the globe. Radio frequency front-end module is a device that assimilates all the circuitry between the antenna and transmitter. It is exclusively used in several RF products like FM radio system and wireless systems. It may comprise frequency generation circuitry.
The factors that are playing a major role in the growth of the market are a rise in next-generation wireless networks, increasing use of mobile communication devices, and growth in data traffic due to data-intensive industries. However, huge investment in R&D sector may restrain overall market growth in the years to come. The radio frequency front-end module market is segmented based on component, application and region.
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RF switches, RF filters, RF power amplifiers, and other components could be explored in radio frequency front-end module in the forecast period. The RF filter sector accounted for the substantial market share of radio frequency front-end module and is estimated to lead the overall market in the years to come. The reason could be its compact size that can fit easily into wireless communication devices and smartphones, technologically enhanced, and is compatible with the 4G, 3G, 2.5G, and 2G spectrum.
The market may be categorized based on applications like PCs, tablets, smartphones, and others that could be explored in the forecast period. The smartphone sector accounted for the significant market share of radio frequency front-end module and is estimated to lead the overall market in the years to come.
Globally, North America accounted for the substantial market share of radio frequency front-end module and is estimated to lead the overall market in the years to come. The reason could be growth in silicon-on-insulator technology, rising use of the latest technology, and the presence of key manufacturers in this region. The United States is a major consumer of radio frequency front-end module in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of radio frequency front-end module in this region.
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The key players of radio frequency front-end module market are Skyworks Solutions, Avago Technologies, TDK, Qorvo, Murata Manufacturing, Akoustis Technologies, MACOM, Ams, and Anadigicis. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
• North America
• Asia Pacific
• Middle East and Africa
• South America
Related Reports of this Category available at Million Insights:
• Skyworks Solutions
• Broadcom Limited
• Texas Instruments
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Key Questions Answered in this Report
• What will the market size be in 2023?
• What are the key factors driving the global radio frequency front-end module market?
• What are the challenges to market growth?
• Who are the key players in the radio frequency front-end module market?
• What are the market opportunities and threats faced by the key players?
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