
Published On: Oct 2024
Published On: Oct 2024
At 9.6% CAGR, Middle East & Africa RF Front-End Chip Market is Projected to be Worth US$ 1,556.72 million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa RF front-end chip market was valued at US$ 746.51 million in 2022 and is projected to reach US$ 1,556.72 million by 2030, registering a CAGR of 9.6% from 2022 to 2030. Increasing adoption of wireless network infrastructure and rising adoption of smartphones, tablets, and other consumer electronics products are among the critical factors attributed to drive the Middle East & Africa RF front-end chip market growth.
In today's technologically advanced world, wireless network infrastructure has become an indispensable part of daily life. Wireless networks allow for smooth connection and data transmission, from accessing the internet to using cloud-based applications, which is fueling the adoption of wireless networks. According to Nokia, in the next 10 years, 14 million industrial sites worldwide may need private wireless access. Moreover, the Global Mobile Suppliers Association reports that as of August 2022, 889 businesses globally were known to be implementing private networks, a 68% surge from 528 in September 2021. In August 2022, over 38% of those networks were either 5G or a combination of 5G and LTE, an increase from 25% in November 2021. The increasing investment in wireless networks creates the need for RF front-end chips.
Wireless network infrastructure includes various physical devices and components that make up a computer network. This includes switches, routers, firewalls, and other networking equipment. RF front-end chips enable networks to accommodate more users and data flow at once. Improved user experience includes quicker data speeds, lower latency, and wider coverage. RF solutions are scalable and adaptive to meet a variety of network requirements and deployments, enhancing network flexibility. Advanced RF front-end chips are extremely efficient, consuming little power yet providing the necessary performance. This lowers operational expenses and environmental impact. Moreover, various players across the globe are indulging in the launch of RF front-end chips for the wireless network infrastructure. For example, in June 2023, Broadcom Inc. launched four RF front-end chips for powering routers that use Wi-Fi 7, a new wireless networking standard. Thus, the increasing adoption of wireless network infrastructure drives the RF front-end chip market.
On the contrary, the high manufacturing cost of RF front-end chips hampers the growth of the Middle East & Africa RF front-end chip market.
Based on component, the Middle East & Africa RF front-end chip market is segmented into power amplifier, radio frequency filter, low noise amplifier, RF switch, and others. The power amplifier segment held 33.6% market share in 2022, amassing US$ 250.92 million. It is projected to garner US$ 568.25 million by 2030 to register 10.8% CAGR during 2022-2030.
Based on application, the Middle East & Africa RF front-end chip market is segmented into consumer electronics, wireless communication, and others. The consumer electronics segment held 66.7% market share in 2022, amassing US$ 497.59 million. It is projected to garner US$ 1,022.17 million by 2030 to register 9.4% CAGR during 2022-2030.
Based on country, the Middle East & Africa RF front-end chip market is categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 39.9% share of Middle East & Africa RF front-end chip market in 2022. It was assessed at US$ 297.48 million in 2022 and is likely to hit US$ 659.86 million by 2030, registering a CAGR of 10.5% during 2022-2030.
Key players operating in the Middle East & Africa RF front-end chip market are Broadcom Inc, Infineon Technologies AG, NXP Semiconductors NV, Qorvo Inc, Skyworks Solutions Inc, STMicroelectronics NV, TDK Corp, and Texas Instruments Inc, among others.
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