RF Front-End Chip Market is expected to reach US$ 47.10 billion by 2030

Proliferation of Internet of Things (IoT) Devices to Provide Opportunities for RF Front-End Chip Market Growth During 2022–2030

According to our latest market study on RF Front-End Chip Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component, Application, and End User," the market was valued at US$ 18.52 billion in 2022 and is expected to reach US$ 47.10 billion by 2030; it is estimated to record a CAGR of 12.4% from 2022 to 2030.  

With the continuous expansion of high-speed internet technologies, the backbone network has seen substantial improvements in both speed and bandwidth. These mature technologies have provided a solid foundation for the growth of the Internet of Things (IoT). Also, there is an increase in IoT devices to make operations more efficient and deliver enhanced customer service. According to Symmetry Electronics, in 2023, there were ~14.76 billion connected IoT devices. IoT devices require different communication options (Bluetooth, Wi-Fi, cellular, etc.). This drives the demand for RF front-end chips that meet specified frequency, protocol, and power requirements. The radio frequency (RF) front-end circuit's commendable attributes of low power consumption and wideband characteristics make it highly suitable for integration into front-end circuits used in Internet of Things (IoT) sensor node communication or for receivers. Advanced chip functionalities are necessary for characteristics such as low latency, large data rates, and long-range communication, leading to market expansion through innovation. Smaller and more integrated RF front-end chips are essential for tiny IoT devices. As the number of IoT devices grows, lowering device power consumption has become a key area of research in the IoT arena. The Internet of Things (IoT) is simple wireless communication between sensors and the internet. The integration of RF/microwave functionality in highly integrated front-end modules paves the way for smaller, lower-power, cost-effective IoT solutions for a wide range of applications. The radio frequency (RF) front-end circuit's commendable attributes of low power consumption and wideband characteristics make it highly suitable for integration into front-end circuits used in Internet of Things (IoT) sensor node communication or for awakening receivers. Thus, the growing adoption of IoT devices is anticipated to create lucrative opportunities for the RF front-end chip market growth during the forecast period. 

RF Front-End Chip Market Analysis – by Geography, 2022

Source: The Insight Partners Analysis

Broadcom Corporation; Infineon Technologies AG; Microchip Technology Inc.; Murata Manufacturing Co., Ltd; NXP Semiconductors N.V.; Qorvo Inc.; Skyworks Solutions, Inc.; STMicroelectronics; TDK Corporation; and Texas Instruments Incorporate are among the key players profiled in the RF front-end chip market report. Several other major players were studied and analyzed during the RF front-end chip market analysis to get a holistic view of the market and its ecosystem.  The RF front-end chip market report also provides detailed market insights, which help the key players strategize their growth.

The report includes growth prospects owing to the current RF front-end chip market trends and their foreseeable impact during the forecast period. The report includes the RF front-end chip market forecast by component, application, and region from 2022 to 2030.

The APAC RF front-end chip market is segmented into Australia, China, Japan, India, South Korea, and the Rest of APAC. In terms of revenue, China dominated the APAC RF front-end chip market share. The APAC RF front-end chip market size is likely to surge as APAC is one of the largest chip manufacturing hubs. Almost two-thirds of chips are manufactured in countries such as Taiwan, China, and South Korea; hence, the global semiconductor market has been dependent on Asia Pacific. Increased demand for high-speed data connectivity, growth in smartphone penetration, and expansion of communication networks are among the factors facilitating the expansion of the RF front-end chip market in Asia Pacific. The development of 5G networks primarily drives the Asia Pacific RF front-end chip market. Countries such as South Korea, China, and Japan are at the forefront of 5G adoption, increasing the demand for RF switches that can handle the complexities of high-frequency bands and advanced communication protocols. According to the Internet World Stats, in Asia Pacific, there were 2,934,186,678 Internet users and a 67.4% penetration rate as of July 2022. Also, as of November 2023, China had the world's first ultra-high-speed next-generation internet backbone. Such proliferation of high-speed internet connectivity is projected to drive the demand for RF front-end chips, as it helps amplify, filter, and transmit the signal through the antenna. It also handles complex signals and higher frequencies associated with high-speed internet.

The adoption of smartphones in Asia Pacific is growing rapidly. For example, according to the Mobile Economy APAC 2023 Report, released in June 2023 at an event organized by the GSMA and Singtel in Singapore, Mobile subscribers will increase by 400 million between 2022 and 2030, reaching 2.11 billion. Smartphone use is expected to reach 94% by 2030, an increase of 18% from 2022 due to lower device costs and better digital literacy. In today's mobile devices, a complex circuit is responsible for transforming information from near-zero frequency band signals used to transport information and data into radio signals received or delivered over the air. RF front-end chip plays an important role in smartphones. Thus, the growing adoption of smartphones in the region propels the RF front-end chip market.

The RF front-end chip market is segmented on the basis of component, application, and geography. Based on component, the market is segmented into power amplifier, RF switch, radio frequency filter, low noise amplifier, and others. In terms of revenue, power amplifier held the largest RF front-end chip market share.

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