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Radio Frequency (RF) Components Market to Reach a Market Size of $43.1 Billion by 2025 - KBV Research
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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). It is expected that high demand for devices that establish direct wireless Internet connectivity, like tablets, smartphones, drones, smart watch, smart TV and smart home devices, will fuel the market over the forecast period. Technological developments in the area of wireless communication and materials used in RF component production, like Gallium Arsenide (GaAs) and Silicon Germanium (SiGe), are also expected to increase market growth.
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).
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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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