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RF switches are utilized for routing of high-frequency signals through methods of transmission. They are perfect for instrumentation, communications, and military & aerospace applications. The incorporation of a switch into a switch matrix device assists to route signals to single or multiple DUTs from various instruments. This permits the application of several tests with a similar setup, eradicating the requirement for recurrent connections and disconnections. Additionally, Radio Frequency (RF) switches are capable of automating the whole testing method, thus raising the output in high-volume production situations. Furthermore, the market is also facing substantial growth and will continue to develop in the coming few years.
Business Research Insights stated that the global RF switches market size was USD 4,021.5 million in 2020 and is projected to reach USD 8,562.2 million by 2027, exhibiting a CAGR of 11.4% during the forecast period.
COVID-19 Scenario Analysis
The market for RF switches has been notably affected by the COVID-19 outbreak. Novel projects across the globe have stalled which, in turn, hampered the demand for RF switches. Factories throughout the world have resisted incorporating new RF switches as employees have remained in their homes and this has interrupted the global supply chain operations.
The effect of COVID-19 on this market is momentary as just the manufacturing and supply chains were delayed. Once the condition enhances, manufacturing activities, supply chains, and the need for these RF switches will eventually rise. The COVID-19 lockdown helped corporations to consider using advanced RF switches to improve effectiveness.
Below mentioned are the top 8 players operating dynamically in the market.
- Skyworks Solutions, Inc. (U.S.)
Skyworks Solutions, Inc. is a semiconductor company headquartered in Irvine, California, U.S.
Skyworks produces semiconductors for utilization in radio frequency and mobile communication systems. The product portfolio of this company comprises front-end modules, power amplifiers, and radio frequency products for handsets and wireless infrastructure equipment.
- NXP Semiconductors (Netherlands)
NXP Semiconductors Netherlands B.V. produces and supplies semiconductors. The company provides processors, microcontrollers, wireless connectivity, safety & power management, radio frequency, vehicle networks, analog, identification and security, media and audio, sensors, and other products. NXP Semiconductors Netherlands caters to clients and users across the globe.
- Infineon Technologies AG (Germany)
Infineon Technologies AG is a semiconductor player located in Germany and was founded in 1999, when the semiconductor functions of the prior parent corporation Siemens AG were spun off.
- Qorvo Inc. (U.S.)
Qorvo Inc. develops, produces, designs, and advertises accessible and inventive RF solutions for infrastructure, mobile, and defense applications. The company provides amplifiers, integrated modules, discrete transistors, oscillators, duplexers, control products, optical components, internal circuits, filters, frequency converters as well as switches.
- Honeywell International Inc. (U.S.)
Honeywell International Inc. is an American publicly traded, multinational and international corporation located in Charlotte, North Carolina. It principally functions in four spaces of business such as aerospace, Performance Materials and Technologies (PMT), building technologies, and Safety and Productivity Solutions (SPS).
- Mini-Circuits Lab Inc. (U.S.)
Mini-Circuits Lab, Inc. functions as an electronic component manufacturing incorporation. This company structures and produces radio frequency, millimeter-wave components, microwaves, and systems. Mini-Circuits Lab Inc. caters to the requirements of customers across the world.
- Pasternack (U.S.)
Pasternack is headquartered in Irvine, California. As a technology hub, it provides the industry's biggest assortment of radio frequency and microwave fragments and assemblies accessible for same-day delivery. Pasternack is a global vendor of radio frequency, microwave and millimeter wave components involving cable assemblies, amplifiers, adapters, connectors, and several other active and passive RF/MW/MMW fragments.
- JFW, Inc. (U.S.)
JFW, Inc. is a dominating project management service corporation devoted to offering value to its client base. Right from its inauguration in 1992, JFW has supplied over USD 3 billion in project management experience operating with schools, country clubs, non-profits, religious establishments, universities, and hotels.
Growth Prospects of the Market
Along with the rise in production competency, it is predicted that the raw material costs of RF switch will be steady in the coming years. Enhancing electricity, shipping charges, and labor costs, anyhow, will carry out a prime part in surging the charges of RF switch. There are corporations that struggle to bolster competition regarding cost and quality leadership. Simultaneously, businesses are majorly focusing on technical improvements, infrastructure enhancements, and process alterations, reducing costs and rising proficiency. The usual cost of the switch will deteriorate due to augmented mature production technology, raw material charges as well as the risk of replacement.