Radio Frequency Components Market Analysis by Application
The global radio frequency (RF) components market was valued at USD 41,934.4 million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 13.7% from 2025 to 2030. Ongoing innovations and developments in mobile handset technologies, driven by the shift from 2G and 3G to 4G/LTE, LTE-Advanced, LTE-Advanced Pro, and 5G, are increasing the demand for enhanced power efficiency and broader spectrum capabilities in mobile devices. This trend is expected to significantly boost the demand for RF components throughout the forecast period. According to The World Bank Group, as of 2023, approximately one-third of the global population still lacks internet access. As internet penetration continues to rise, the RF components market is poised for substantial growth. In July 2024, Smiths Interconnect introduced the "Mini-Lock Connector," designed for mission-critical applications requiring dependable high-frequency connectivity. Capable of operating up to 11...