The RF front-end chip market is projected to reach $47.10 billion by 2030

From Globe Newswire: 2024-12-12 10:51:00

The global RF front-end chip market is seeing significant growth due to IoT device proliferation and 5G technology emergence. A report by The Insight Partners states a market value of $18.52 billion in 2022, with a projected 12.4% CAGR from 2022 to 2030. Technological innovations drive the miniaturization of RF front-end modules and semiconductor devices, meeting the demand for compact wireless chips in devices like smartphones, wearables, and IoT applications. The rising popularity of smartphones and connected devices fuels the demand for RF front-end chips, with Asia Pacific leading the market in 2022. Key players in the market include Broadcom Corporation, Infineon Technologies AG, and Skyworks Solutions, Inc. Qorvo has introduced the QPQ3509, a BAW band pass filter for 5G C-band, and the QPB9850, a front-end switch/LNA module for 5G base stations. These modules cater to the rising demand for RF front-end chips due to increased use of smartphones, tablets, and 5G networks, driving market growth in wireless communication technologies. The RF front-end chip market is projected to reach $47.10 billion by 2030, offering significant opportunities for raw material providers, component providers, manufacturers, and end-users. Staying updated on market trends, embracing innovation, and focusing on quality and performance can help companies succeed in this dynamic market landscape. 1. The stock market hit a record high today, with the Dow Jones Industrial Average closing at 35,000 for the first time. This milestone comes amid strong corporate earnings and optimism about economic recovery.

2. In other news, a new study found that the COVID-19 vaccine is 95% effective at preventing severe illness and hospitalization. This is great news for public health efforts to combat the pandemic.

3. On the political front, President Biden signed a $1.2 trillion infrastructure bill into law, promising to create millions of jobs and improve the country’s infrastructure. The bill includes funding for roads, bridges, public transit, and broadband expansion.

4. In international news, tensions are escalating between Russia and NATO as Russian troops mass near the Ukrainian border. The US and its allies are closely monitoring the situation and calling for de-escalation to avoid a potential conflict.

5. Lastly, the latest unemployment report shows a decrease in jobless claims, signaling a strengthening labor market. Economists are optimistic about the recovery as more businesses reopen and hiring picks up.



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