Tuning Into the Future: Trends and Insights in the Radio Frequency Components Market
The global radio frequency components market size is expected to reach USD 89.73 billion by 2030 and it is expected to expand at 13.5% CAGR from 2024 to 2030, according to a new study by Grand View Research, Inc. The growth is expected to be driven by the high demand for devices that can establish direct wireless connectivity with the internet, including tablets, smartphones, smartwatches, drones, smart televisions, and smart home devices. Radiofrequency (RF) components industry’s growth is also anticipated to be aided by technological advancements in the field of wireless communication and advancements in materials utilized in the production of RF components, such as gallium arsenide (GaAs) and silicon germanium (SiGe). These materials make it possible to combine analog and digital circuits onto a single chip, reducing the cost of producing the component. These parts are used in a variety of sectors, including consumer electronics, automotive, and mi...