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According to a new report Global Radio Frequency Components Market, published by KBV Research, The Global Radio Frequency (RF) Components Market size is expected to reach $43.1 billion by 2025, rising at a market growth of 14.1% CAGR during the forecast period. Increasing demand for high bandwidth coverage and fast speed on mobile Internet connectivity is driving technological developments in cellular data and wireless communications. These also include the development and deployment of 5G networks. However, the 5G network has a greater reach and a lower latency than that of the previous generations, like most new generations of mobile Internet access.
In 2018, the segment of power amplifiers retained a large market share. The segment is projected to continue this trend over the forecast period also. Increasing power amplifier applications in HDTV, Radar, GSM, Point-to-Point Microwave, LTE & 5G signal amplification, and so on are expected to drive segment progress over the forecast period. The filters segment is projected to grow at the highest CAGR over the forecast years.
In the application segment, the consumer electronics sub segment achieved a larger market share in 2018. The category is expected to experience significant growth during the forecast period. The Radio Frequency Components in Automotive Market is expected to witness a CAGR of 14.8% during (2019 - 2025).
This regional growth in North America is attributed to an increase in disposable income and the resultant increase in the use of consumer electronics with connectivity features. Also expected to drive the market is growing demand for better connectivity and accessibility solutions along with increasing numbers of internet users in the area. The Europe market would grow at a CAGR of 13.5% during (2019 - 2025). Additionally, The Asia Pacific market is anticipated to witness a CAGR of 15.4% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Fujitsu Limited, Rohm Semiconductors Co., Ltd., Broadcom, Inc., Texas Instruments, Inc., NXP Semiconductors N.V., Murata Manufacturing Co., Ltd., Renesas Electronics Corporation, Toshiba Corporation, Qualcomm, Inc. and Mitsubishi Electric Corporation.
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