According to a new report, published by KBV research, The Global Radio Frequency Components Market size is expected to reach $90.2 billion by 2031, rising at a market growth of 13.3% CAGR during the forecast period.
The Consumer Electronics segment is leading the Global Radio Frequency Components Market by Application in 2023; thereby, achieving a market value of $55.1 billion by 2031. Consumer electronics manufacturers constantly strive to make devices smaller, lighter, and more power-efficient. As a result of this development, radio frequency (RF) components have become more compact and seamless to integrate, becoming suitable for a vast array of portable and wearable devices. As per Invest India, the nation’s electronics production will be $300 Bn by FY26. The domestic production of electronics is valued at $101 Bn in FY23 and is segmented (based on FY22 data) as Mobile Phones (43%), IT Hardware (5%), and Consumer Electronics (12%). Therefore, these factors will lead to enhanced demand in the segment.
The Filters segment is anticipating a CAGR of 13% during (2024 - 2031). There’s a growing trend towards miniaturization and integration of RF components, driven by the need for smaller form factors and increased device functionality. This has led to the development of compact and integrated RF filter solutions catering to the requirements of modern electronic devices. Hence, these aspects will boost the demand in the segment.
Full Report: https://www.kbvresearch.com/radio-frequency-components-market/
The Asia Pacific region dominated the Global Radio Frequency Components Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36.5 billion by 2031. The North America region is experiencing a CAGR of 12.6% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 13.1% during (2024 - 2031).
By Application
By Product
By Geography
Unique Offerings 
