The global Radio frequency component market is expected to grow from USD ~6 Billion in 2016 to USD~ 16 Billion by 2022, at an estimated CAGR of ~16%. The growth of this market can be constrained by factors such as the growing installed base of the barcode system in several industries and low awareness of radio frequency components. The growth is also restrained because of comparatively higher expenditures as compared to the barcode systems.
The prominent players in the market of radio frequency component market are – Qorvo Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Tsinghua Unigroup (China), Skyworks Solutions, Inc. (U.S.), Broadcom Limited (U.S.), Vectron International, Inc. (U.S.), Danaher Corp. (U.S.), WIN Semiconductors Corp. (Taiwan) and Mitsubishi Electric Corporation (Japan) among others.
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The global radio frequency component market has been segmented on the basis of components, material and end-users. Components comprises of filters, amplifiers, duplexer, antenna switches and modulators & demodulators. Materials consist of silicon, gallium arsenide, indium phosphide, nitride and others. The end-users are consumer electronics, automotive, telecommunication and military among others.
The regional analysis of Radio frequency component market is being studied for areas such as Asia Pacific, North America, Europe and rest of the world. North America is expected to dominate the radio frequency component market owing to huge number of early technology adopters and the highly established telecom sector in the North American region. Asia-Pacific is expected to experience a growth owing to the rise in consumer disposable income which is projected to lead to increase in adoption of consumer electronic products with connectivity features. Europe is expected to experience huge demand of radio frequency component market with increasing use of electronic devices for industrial, commercial and residential purposes.
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global IOT- Identity Access Management market.
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