Digital Radio Frequency Memory (DRFM)

Digital Radio Frequency Memory (DRFM)

Global Digital Radio Frequency Memory (DRFM) Market to Reach $1.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Digital Radio Frequency Memory (DRFM) estimated at US$846.1 Million in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2027, growing at a CAGR of 11.5% over the analysis period 2020-2027. Processor, one of the segments analyzed in the report, is projected to record a 13.2% CAGR and reach US$778 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Modulator segment is readjusted to a revised 10.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $249.8 Million, While China is Forecast to Grow at 11% CAGR

The Digital Radio Frequency Memory (DRFM) market in the U.S. is estimated at US$249.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$316.3 Million by the year 2027 trailing a CAGR of 11% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 9.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.

Converter Segment to Record 11.7% CAGR

In the global Converter segment, USA, Canada, Japan, China and Europe will drive the 11.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$116.7 Million in the year 2020 will reach a projected size of US$250.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$212.7 Million by the year 2027.

Select Competitors (Total 38 Featured) -

• Airbus Group
• BAE Systems PLC
• Curtiss-Wright Corporation
• Elbit Systems Ltd.
• Israel Aerospace Industries (IAI)
• Leonardo SpA
• Northrop Grumman Corporation
• Raytheon Company
• Rohde & Schwarz GmbH & Co. KG
• Thales Group

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