Here at Navian, we have published “RF Devices / Modules For Cellular 2019-2020”, a market research report that covers market size forecasts of high-frequency components and modules that are used in cellular devices like smartphones.
This report forecasts that shipment volume of cellular devices like smartphones in 2024 would reach 2,907 million units, and of those, 1,553 million units would be 5G devices.
Total market size of high-frequency components and modules in 2024 is expected to reach 3,950 million dollars.
CAGR from 2020 to 2024 would be high, with 16.5%.
Triggered by popularization of 5G, demand expansion for existing frequencies can also be expected in addition to FEM for Sub 6GHz and mmWave, due to diversification of send-receive circuits.