Radio Frequency, Components Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product, By Application, By Region & Competition, 2021-2031F

The Global Radio Frequency (RF) Components Market is projected to expand from USD 35.27 Billion in 2025 to USD 73.78 Billion by 2031, achieving a CAGR of 13.09%. These components, which include critical devices such as transceivers, filters, and amplifiers, are fundamental to enabling signal transmission and reception across wireless communication infrastructures. This growth is primarily driven by the worldwide deployment of next-generation networks and the rising density of connected devices that demand high-performance signal processing. Underscoring this trajectory, GSMA projected in 2024 that global 5G connections would reach 2 billion, representing nearly one-quarter of all mobile connections.

One substantial hurdle that could slow market expansion is the increasing complexity of radio frequency frontend module designs needed to support multiple frequency bands and carrier aggregation. This technical sophistication raises manufacturing costs and creates integration challenges for original equipment manufacturers, who must navigate the trade-offs between performance, strict power and size constraints, and the need to maintain competitive pricing in a volume-focused sector.

Market Driver

The accelerating global rollout of 5G and the foundational research for 6G network infrastructure act as the primary catalysts for the radio frequency components sector. As telecommunications operators increase network density to support higher data rates, there is a sharp rise in the requirement for complex radio frequency front-end modules, including power amplifiers and filters, to manage beamforming capabilities and spectral efficiency. This infrastructure growth necessitates a significant increase in active antenna units used in massive MIMO configurations to ensure signal integrity across broader frequency bands. According to the 'Ericsson Mobility Report' from June 2024, 5G subscriptions increased by 160 million in the first quarter of 2024, placing immediate pressure on networks to upgrade hardware for consistent connectivity.

Simultaneously, the integration of radio frequency solutions into autonomous and electric vehicles is establishing a parallel high-volume vertical. Automotive manufacturers are embedding V2X communication modules and radar transceivers to enable driver-assistance systems and ensure reliable connectivity for software-defined vehicle architectures, effectively transforming vehicles into connected mobile platforms that require a higher volume of semiconductor devices. According to the International Energy Agency's 'Global EV Outlook 2024' published in April 2024, sales of electric cars were expected to reach 17 million in 2024, driving substantial procurement of automotive-grade components. This demand is supported by broader industrial strength, as the Semiconductor Industry Association reported that global semiconductor sales reached $149.9 billion in the second quarter of 2024, an 18.3% increase year-over-year.

Market Challenge

The rising complexity of radio frequency frontend module design presents a major barrier to the broader expansion of the global market. As original equipment manufacturers strive to accommodate carrier aggregation and multiple frequency bands within compact hardware, they encounter severe technical difficulties that directly inflate manufacturing costs. This intricacy demands advanced, highly integrated components that are difficult to produce at scale without compromising yield or performance. Consequently, the elevated cost structure hinders the rapid commoditization of these components, preventing manufacturers from deploying advanced connectivity features in lower-priced mass-market devices, which in turn restricts overall market volume.

This challenge is further intensified by the rapid proliferation of distinct hardware models requiring support. According to the Global mobile Suppliers Association, the number of announced 5G devices globally reached a total of 2,943 in September 2024. This extensive variety of device form factors compels component suppliers to diversify their product portfolios, impeding the standardization that typically facilitates cost reductions. The resulting fragmentation in design requirements consumes critical research and development resources, effectively hampering the supply chain's ability to streamline production and support sustained market growth.

Market Trends

The rise of direct-to-satellite connectivity in smartphones is reshaping the radio frequency components market by necessitating front-end modules capable of dual-mode terrestrial and non-terrestrial communication. This trend drives the integration of specialized power amplifiers and transceivers optimized for satellite frequency bands, such as L-band and S-band, which require distinct power handling and sensitivity profiles compared to standard cellular networks. As chipset vendors adopt 3GPP Release 17 standards, the RF chain is expanding to support these hybrid connectivity features in consumer devices, creating a new vertical for high-performance component suppliers. According to GSMA Intelligence's 'Satellite and NTN Tracker' from September 2024, 91 telecom operators had formalized partnerships with satellite providers by the third quarter of 2024, with 45% of these initiatives specifically involving direct-to-cell services.

Additionally, the expansion into millimeter-wave (mmWave) frequency bands is fundamentally altering component requirements, shifting demand toward highly integrated beamforming ICs and phased array antenna modules. Unlike sub-6 GHz frequencies, mmWave signal propagation relies heavily on dense antenna arrays to overcome path loss, compelling manufacturers to adopt heterogeneous integration techniques that combine filters, switches, and amplifiers into compact packages. This shift is particularly evident in the fixed wireless access sector, where high-frequency support is becoming a standard specification for customer premises equipment to deliver gigabit speeds. As noted by the Global mobile Suppliers Association in their August 2024 'Fixed Wireless Access CPE Vendor Survey,' shipment volumes of 5G mmWave-capable customer premises equipment were projected to increase by 22% in 2024, reflecting the growing industrial reliance on this high-frequency spectrum.

Key Market Players

• Broadcom Inc.
• Skyworks Solutions Inc.
• Qorvo Inc.
• Murata Manufacturing Co., Ltd.
• Qualcomm Incorporated
• NXP Semiconductors N.V.
• Analog Devices, Inc.
• Texas Instruments Incorporated
• STMicroelectronics N.V.
• Renesas Electronics Corporation

Report Scope

In this report, the Global Radio Frequency (RF) Components Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Radio Frequency (RF) Components Market, By Product

• Power Amplifier
• Filters
• Duplexer

Radio Frequency (RF) Components Market, By Application

• Consumer Electronics
• Military
• Automotive

Radio Frequency (RF) Components Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Radio Frequency (RF) Components Market.

Available Customizations:

Global Radio Frequency (RF) Components Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).