Global Radio Frequency Front End Market to Generate $69,926.4 Million by 2031, Owing to an Increase in the Adoption of Smart Consumer Electronics Products

A radio frequency front end, also called RF front end, is an all-encompassing term used to refer the complete circuitry from the mixer stage to the receiver antenna of the radio receiver circuit. A typical RF front end consists of a band-pass filter to cut down image response, an RF amplifier for amplifying weak incoming signals at the receiver, a local oscillator to generate a radio frequency signal, and a mixer to combine the incoming signal and the signal from the local oscillator. RF front end systems are mostly used in wireless consumer electronics goods and smart devices.

Forecast Analysis of Radio Frequency Front End Market

According to the report published by Research Dive, the global radio frequency front end market is expected to gather a revenue of $69,926.4 million by 2031 and grow at 14.2% CAGR in the 2022–2031 timeframe.

In recent years, there has been a steady increase in the adoption of smart consumer electronics products which is predicted to be the primary growth driver of the radio frequency front end market in the forecast period. Additionally, increasing prevalence of next generation wireless networks is anticipated to push the market forward. Along with this, increasing use of radio frequency front end in 3G and 4G technology is projected to offer numerous growth and investment opportunities to the market in the analysis timeframe. However, the complex nature of RF antenna designs is estimated to create hurdles in the full-fledged growth of the radio frequency front end market in the coming period.

Regionally, the radio frequency front end market in the Asia-Pacific region is expected to be the most dominant by 2031. Growing demand for RF front end systems from the consumer electronics manufacturing industries of developing economies like India and China is expected to be the leading factor behind the growth of the market in this region.

Some prominent market players include Broadcom Inc., Qorvo Inc., Taiyo Yuden Co., Infineon Technologies AG., Skyworks Solutions, Inc., Murata Manufacturing Co., Ltd., Murata Manufacturing Co. Ltd., STMicroelectronics N.V., Analog Devices, Inc., NXP Semiconductors N.V., and many others.

Covid-19 Impact on the Radio Frequency Front End Market

The outbreak of the Covid-19 pandemic has had a massive negative effect on almost all industries and businesses across the world. The radio frequency front end market, too, faced a negative impact of the pandemic. The disruptions in the global supply chains immensely affected the consumer electronics manufacturing industries which led to a decline in demand for RF front end systems. At the same time, the supply of RF front end systems was also hampered due to lack of availability of raw materials. All these factors collectively brought down the growth rate of the market.

Significant Market Developments

The significant companies operating in the industry are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the radio frequency front end market to flourish. For instance:

• In August 2021, Knowles, a precision device solutions provider, announced the acquisition of Integrated Microwave Corporation, an RF filter manufacturing company. This acquisition is expected to play a huge role in helping Knowles to achieve its aim of expanding its global business.
   
• In September 2021, Linwave Technology, an RF technology specialist, announced a collaboration with Marki Microwave, a global leader in the RF and microwave industry. This collaboration is aimed at developing switched filter bank solutions specifically designed for defense contractors. The collaboration is anticipated to help both the companies to increase their footprint in the radio frequency front end market in the near future.
   
• In October 2021, Akoustis, a BAW RF solutions provider, announced the acquisition of RFM Integrated Device, Inc., a leading manufacturer of radio frequency (RF) components. This acquisition is expected to boost the market share of the acquiring company, i.e., Akoustis significantly.