PUBLISHER: The Insight Partners | PRODUCT CODE: 1597135
PUBLISHER: The Insight Partners | PRODUCT CODE: 1597135
The South & Central America RF front-end chip market was valued at US$ 402.46 million in 2022 and is expected to reach US$ 792.28 million by 2030; it is estimated to register a CAGR of 8.8% from 2022 to 2030.
Proliferation of Internet of Things (IoT) Devices Fuels South & Central America RF Front-End Chip Market
With the continuous expansion of high-speed internet technologies, the backbone network has seen substantial improvements in both speed and bandwidth. These mature technologies have provided a solid foundation for the growth of the Internet of Things (IoT). Also, there is an increase in IoT devices to make operations more efficient and deliver enhanced customer service. According to Symmetry Electronics, in 2023, there were ~14.76 billion connected IoT devices. IoT devices require different communication options (Bluetooth, Wi-Fi, cellular, etc.). This drives the demand for RF front-end chips that meet specified frequency, protocol, and power requirements. The radio frequency (RF) front-end circuit's commendable attributes of low power consumption and wideband characteristics make it highly suitable for integration into front-end circuits used in Internet of Things (IoT) sensor node communication or for awakening receivers. Advanced chip functionalities are necessary for characteristics such as low latency, large data rates, and long-range communication, leading to market expansion through innovation. Smaller and more integrated RF front-end chips are essential for tiny IoT devices. As the number of IoT devices grows, lowering device power consumption has become a key area of research in the IoT arena. The Internet of Things (IoT) is simple wireless communication between sensors and the internet. The integration of RF/microwave functionality in highly integrated front-end modules paves the way for smaller, lower-power, cost-effective IoT solutions for a wide range of applications. The radio frequency (RF) front-end circuit's commendable attributes of low power consumption and wideband characteristics make it highly suitable for integration into front-end circuits used in Internet of Things (IoT) sensor node communication or for awakening receivers. Thus, the growing adoption of IoT devices is anticipated to create growth opportunities for the RF front-end chip market.
South & Central America RF Front-End Chip Market Overview
The South & Central America RF front-end chip market is segmented into Brazil, Argentina, and the Rest of South & Central America. As audiences in SAM countries increasingly turn to Netflix, Disney, or Warner Media for their entertainment at home or on the go, the demand for high-quality, uninterrupted streaming experiences has upsurged. Thus, the population across the region demanding high-end Wi-Fi connections so as to experience high end streaming experience. Moreover, according to Atlantico, the average daily time spent by Internet users aged between 16 and 64, among the countries evaluated, was highest in Brazil (9.3 hours), 58% of which was spent on cell phones and 42% on computers, Colombia (8.8 hours), Chile and Argentina (8.7 hours) and Mexico (7.8 hours). Such a huge time spent on cell phones and computers requires a strong internet connection which the wireless network can fulfil. Thus, the growing demand for the wireless network is driving the RF front-end chip market.
The region has made significant progress in Internet connectivity. As of October 2022, the Republic of Chile opened up the full 6 GHz spectrum to Wi-Fi. Chile became the first South and Latin American country to open the 6 GHz band to Wi-Fi and the third to open the entire 1.2 GHz band, following the FCC's decision in April. Also, as of October 2022, Subtel, the telecom regulator of the Republic of Chile, formally released the full 6 GHz band to Wi-Fi. Thus, such adoption of wireless networks drives the growth of the RF front-end chip market.
South & Central America RF Front-End Chip Market Revenue and Forecast to 2030 (US$ Million)
South & Central America RF Front-End Chip Market Segmentation
The South & Central America RF front-end chip market is categorized into component, application, and country.
Based on component, the South & Central America 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 the largest market share in 2022.
Based on application, the South & Central America RF front-end chip market is segmented into consumer electronics, wireless communication, and others. The consumer electronics segment held the largest market share in 2022.
By country, the South & Central America RF front-end chip market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America RF front-end chip market share in 2022.
Broadcom Inc, Infineon Technologies AG, Microchip Technology Inc, Murata Manufacturing Co Ltd, NXP Semiconductors NV, Qorvo Inc, Skyworks Solutions Inc, STMicroelectronics NV, TDK Corp, and Texas Instruments Inc are some of the leading companies operating in the South & Central America RF front-end chip market.