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RF Components Market 2019Description: -
The RF components market is expected to reach 23.7 billion dollars by 2026. The CAGR of the RF components market is approximately 13.8% between 2017 and 2026. RF components or Radio Frequency components are used in electrical circuits and devices. These are components that make use of electromagnetic radiations and waves to allow circuits in electrical devices to communicate.
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Key Players
NXP Semiconductors n.v
Toshiba Corporation
Freescale Semiconductor, Inc.
Renesas Electronic Corporation
Skyworks Inc.
Taiwan Semiconductors Manufacturing Co Limited
Fujitsu Limited
RDA Microelectronics, Inc.
The RF component market is expected to witness a rapid growth because of the increased demand and use of electrical goods by consumers. The increased use of cell phones, tablets, TVs, laptops, set-top boxes, and other mobile devices means more demand of these products which in turn rely on the functioning of RF components. The increase in consumer disposable income is also considered to be a driving force behind the growth of the RF component market.
Devices that work on high frequency ranges also require RF components as these components have the ability to transmit electromagnetic signals across a wide range. These devices are made use of in military and for security purposes and with growing security concerns, this market is expected to grow at a rapid pace.
Market Segmentation
The RF components market on the basis of the type of component used is segmented into antennae switches, duplexers, filters, modulators, and demodulators. Antennae switches are expected to witness great expansion because of the growing experimentation in their use in 3G and 4G mobile devices. The duplexer share in the components market may diminish because of the decreased popularity of 2G. Power amplifiers are expected to show an upward trend.
On the basis of the application of RF components, the consumer electronics share was about 40% of the total market share and is expected to grow. This is mainly because the consumers with more disposable income can spend more on buying more advanced consumer electronics.
The automobile sector is expected to dominate the share of the RF component market because of the increased use of technologies like GPS navigation, Bluetooth, audio systems, and area trackers in the automobiles. Military establishments will also drive the increased share of this market because of the need for more wireless and secure communication.
Regional Analysis
North America led the RF component market share in 2017 mainly because of the early adoption of media transmission technologies and other electrical devices. Asia Pacific is expected to develop significantly in the use of RF component-based devices. This is mainly because of increased use of electronic devices for better network connectivity and better internet capabilities.
There are several companies that are contributing to the growth of the RF component market. Of these, Taiwan Semiconductor Manufacturing, Freescale Semiconductor, Inc., Fujitsu Limited, RF Micro Devices, Inc., etc. are major players in the market.
Industry News
The increasing government investments and mandates related to utilising radio frequency signals are driving factors for the increased growth of this market. The increased need for wireless correspondence in military applications will also lead to the increase in demand of RF components. The rising advancements in electronic gadgets and circuitry like 4G to get remote radio signals will also lead to expansion of the RF components market.
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Some of Major Key Points Included In This Report:
• Overview and Scope
• Executive Summary
• RF components Market Insights
• RF components Market Size and Forecast by Product Type
• RF components Market Size and Forecast by Application Type
• RF components Market Size and Forecast by Regions
• Company Profiles
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