ALLPCB
Market outlook
According to Yole data, the RF front-end market was $15.2 billion in 2019 and is expected to reach $25.4 billion by 2025, with a 2020–2025 CAGR of 11%.
2022 global RF front-end revenue
Based on annual reports from major companies, and estimating where vendors did not disclose RF front-end revenue separately, the 2022 global RF front-end market is estimated at approximately $22.0 billion.
| Company | Revenue (unit: $100M) |
|---|---|
| Qualcomm | 38 |
| Skyworks | 51 |
| Qorvo | 46 |
| Broadcom | 30 |
| Murata | 35 |
| Other foreign RF companies | 8 |
| Zhuosheng Micro | 4.5 |
| Weijie Chuangxin | 2.6 |
| Other Chinese RF companies | 4.5 |
| Total | 220 |
China mainland RF front-end market
The global RF front-end market is large, but Chinese RF chip companies primarily address the Chinese mainland market; this trend is likely to become more pronounced. The Chinese mainland market is roughly $7.0 billion.
For 2022, the Chinese mainland RF front-end product-line market totals 441 (100 million RMB), approximately 44.1 billion RMB, which is close to $7.0 billion.
| Product | Revenue (unit: 100 million RMB) |
|---|---|
| 2G PA + 3G PA | 6 |
| Phase2 + Phase5N | 55 |
| PAMiF | 50 |
| PAMiD | 60 |
| DiFEM + LFEM | 40 |
| Switch + LNA | 30 |
| WiFi FEM | 30 |
| Base-station PA | 50 |
| Filters | 110 |
| Other | 10 |
| Total | 441 |
Within this breakdown, SAW filters account for about 100 (100 million RMB) and BAW/FBAR about 10 (100 million RMB). The filter segment includes estimated revenues such as Murata $700M, Qualcomm $300M (SAW+BAW), Wisol $200M, Taiyou $200M, Broadcom $100M (FBAR), and Chinese filter vendors $200M.
Forecast for Chinese mainland product lines
Based on the above data, the forecast for the Chinese mainland RF front-end product-line market indicates the top three segments will be PAMiD, DiFEM+LFEM, and PAMiF, with projected market sizes of 15 billion RMB, 8 billion RMB, and 7 billion RMB, respectively. Most discrete filters are expected to be integrated into PAMiD and DiFEM/LFEM products, making the discrete filter segment a smaller niche.
