According to a new report, published by KBV research, The Global 5G Radio Frequency Chip (RF Chip) Market size is expected to reach $116.68 billion by 2031, rising at a market growth of 19.1% CAGR during the forecast period.
The mmWave (Millimeter Wave) segment is anticipating a CAGR of 19.8% during (2024 - 2031). The increasing adoption of mmWave technology, particularly in high-density urban areas and for applications requiring ultra-high-speed and low-latency connectivity, has driven its market growth. Countries like the United States, Japan, and South Korea have led mmWave 5G deployments. However, mmWave offers superior data speeds and network performance, its limited range and higher deployment costs have constrained its widespread adoption compared to the sub-6 GHz band. However, as demand for high-bandwidth applications such as AR/VR, autonomous vehicles, and smart cities grows, mmWave adoption is expected to accelerate in the coming years.
The Radio Frequency Integrated Circuits (RFICs) segment is leading the Global 5G Radio Frequency Chip (RF Chip) Market by Type of Chip in 2023; thereby, achieving a market value of $76.4 billion by 2031. RFICs enable seamless 5G connectivity by handling signal processing, frequency conversion, and amplification. The dominance of RFICs is attributed to their widespread use in sub-6 GHz frequency bands, which are extensively deployed for global 5G rollouts. RFICs offer high efficiency, integration capabilities, and cost-effectiveness, making them a preferred choice for smartphones, base stations, and IoT devices.
The Base Stations segment is generating a CAGR of 19.7% during (2024 - 2031). As telecom operators accelerate the deployment of 5G infrastructure globally, the demand for RF chips in base stations has surged. These chips are essential for enabling high-speed wireless communication, optimizing signal transmission, and managing network traffic. The expansion of small cell networks and the rising investment in mmWave 5G deployment have further contributed to the strong market presence of RF chips in base stations. As 5G coverage continues to expand, particularly in urban and industrial areas, the demand for RF chips in base station applications is expected to grow significantly.
Full Report: https://www.kbvresearch.com/5g-radio-frequency-chip-market/
The Asia Pacific market dominated the Global 5G Radio Frequency Chip (RF Chip) Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $43.8 billion by 2031. The North America market is experiencing a CAGR of 18.3% during (2024 - 2031). Additionally, The Europe market would exhibit a CAGR of 18.7% during (2024 - 2031).
By Frequency Band
By Application
By Type of Chipr
Unique Offerings 
