Grand View Research, Inc. – Market Research And Consulting.GrandViewResearch.com has announced the addition of “Radio Frequency (RF) Components Market Analysis And Segment Forecasts To 2022” Market Research report to their DatabaseThe worldwide radio frequency components market was estimated at USD 17 billion by 2020. Smart proliferation is anticipated to augment the product demand over the forecast period. Expanding disposable income especially in emerging economies like India and Brazil have resulted in augmented adoption of consumer electronic devices with connectivity features. On addition, rising need for rapid success to mobile data may also boost the growth over the coming years.
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Development in wireless materials used for manufacturing the components like Gallium Arsenide and Silicon Germanium coupled with technological advancements in wireless communication sector is anticipated to drive the market.
Based on product, the market is segmented into antenna switches, duplexer, power amplifiers and modulators & demodulators. Antenna switches are expected to exhibit significant growth over the forecast period owing to rising experimentation with switch architectures mainly in augmenting figure of 3G and 4G handsets. Furthermore, Duplexer segment contributed over 25% of the total revenue in 2014 which may decline further owing to descending trend of 2G handsets.
The worldwide market is segmented into antenna switches, filters, power amplifiers. Modulators & demodulators. In 2014, power amplifiers segment contributed over 30% of the total market share. This is mainly attributed to assimilation of these components offering the support to augment occurrence of mixed mode- high end handsets.
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Wireless communication, consumer electronics military and automotive are the major segments in the radio frequency components market. Additionally, Consumer electronics contributed over 60% of the overall share and is expected to grow over the coming years.
North America radio frequency components market led the regional segment in 2014, contributing over 30% of the total share. Furthermore, Asia Pacific is also projected to undergo substantial growth further owing to increasing consumer disposable income in the region.
Increasing consumer disposable income resulting in escalating adoption of consumer electronic products along with connectivity features is projected to develop the overall market for radio frequency components. Furthermore, rising demand for improved mobility solution coupled with better connectivity features will augment the regional demand.
NXP Semiconductors n.v, RF Axis, Epcos and Texas Instruments are some of the major firms operating in the market.
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