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.
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.
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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.
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.
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