The RF components market is expected to witness robust growth by 2028 owing to a strong demand from automotive applications. With the rising sophistication of in-vehicle infotainment systems the demand for RF components has seen a notable jump in the industry over the past years.

With technology permeating into every facet of the automotive experience, industry players have increasingly been innovating to stand apart in the space. In January 2022, Texas Instruments announced that it has expanded its automotive offerings to allow automakers to enhance the way their advanced driving assistance systems detect objects, enabling them to better monitor blind areas and handle curves and corners to avoid collisions.

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The company's new 77-GHz AWR2944 radar sensor can allow automakers to meet rigorous road safety regulations and offers the best in class radio frequency functioning in a minor form factor - nearly 30% more compact than radar sensors currently on the market.

The RF components market has further been segregated on the basis of component type, application, and region.

The component type segment of the market has further been divided into power amplifier, transistors & diodes, antenna, modulator & demodulator, switches, filter, multiplexer, and others.

Among these, transistors & diodes component segment is expected to grow at a notable pace during the forecast period. The segment held an industry share of more than 10% in 2021 owing to the increasing adoption of RF transistors and diodes in television monitors, radio transmitters, and stereo amplifiers.

In terms of application, the RF components market has been categorized into consumer electronics, medical & healthcare, automotive, telecommunication, industrial, aerospace & defense, and others.

The automotive application segment is expected to grow considerably by 2028 on the back of the increasing adoption of RF components in telematics, and in-vehicle infotainment (IVI) systems among others. In 2021, the segment held a steady market share of 10%.

The market is also slated to register momentous gains from aerospace & defense applications. Several global governments have been spending a considerable amount of their budget on defense capabilities. Perceiving the demand, numerous market players have been making strategic acquisitions as a means to tap into the business. Taking embedded solutions company, Microchip Technology, for instance, which acquired, Iconic RF, in December 2021 to expand its GaN MMIC line.

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Iconic RF is a prominent Belfast, Northern Ireland-based manufacturer of gallium arsenide and GaN MMICs, which are typically used in aerospace a defense related applications such as satellite communications, electronic warfare, defense and commercial radar systems as well as test equipment.

From the regional point of view, The Latin America RF components market is slated to show promising growth due to the rising government efforts to establish public hotspots in the region. in 2021, the regional segment held an industry share of approximately 5%.

Table of Contents (ToC) of the report:

Chapter 3   RF Components Industry Insights

3.1    Industry segmentation

3.2    Impact analysis of corona virus (COVID-19) pandemic on RF components market

3.2.1    Global outlook

3.2.2    Impact by region

3.2.2.1    North America

3.2.2.2    Europe

3.2.2.3    Asia Pacific

3.2.2.4    Latin America

3.2.2.5    MEA

3.2.3    Industry value chain

3.2.3.1    Research and development

3.2.3.2    Manufacturing

3.2.3.3    Marketing

3.2.3.4    Supply

3.2.4    Competitive landscape

3.2.4.1    Strategy

3.2.4.2    Distribution network

3.2.4.3    Business growth

3.3    Industry ecosystem analysis

3.3.1    Supplier

3.3.2    Manufacturers

3.3.3    Distribution channel

3.3.4    End-user

3.3.5    Vendor matrix

3.4    Technology & innovation landscape

3.4.1    UltraBAW RF filter technology (Qualcomm)

3.4.2    Technology advancement in wideband RF electronics

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    MEA

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Rising trend towards smart home devices

3.6.1.2    Increasing investment towards deployment of 5G infrastructure

3.6.1.3    Emphasis towards connected vehicle technology

3.6.1.4    Growing trend of industrial automation in Asia Pacific

3.6.1.5    Rising implementation of IoT in European healthcare sector

3.6.2    Industry pitfalls and challenges

3.6.2.1    Technical issues associated with RF components

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Industry rivalry

3.8.2    Threat of new entrants

3.8.3    Buyer power

3.8.4    Supplier power

3.8.5    Threat of substitutes

3.9    PESTEL analysis

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