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The global radio frequency components market size is expected to reach USD 45.05 billion by 2025 registering a CAGR of 14%NEW YORK, July 1, 2019 /PRNewswire/ -- The trend, showing a steady rise in the number of subscribers of internet andmobile cellular telephone across the globe, is likely to have a positive impact on the growth prospects of the market in near future. Escalating demand for wireless communication solutions, including 5G, to enable wider channel bandwidths and greater data capacity than current or previous generation networks has resulted in the increased need for advanced RF solutions, such as switches, integrated modules, phase shifters, and other high-performance RF solutions. Furthermore, operating frequency of 5G ranges from 24 GHz to 95 GHz, providing high-data-rate wireless connections, such as 4K/8K ultra High-Definition (HD) TV streaming.Due to this, there is an increased demand for RF components in wireless devices to offer greater coverage area and reduced latency of 5G networks. On the other hand, rise in the prices of raw materials is expected to negatively hamper the market growth.Based on competitive dynamics, the vendor landscape of the RF components market is highly fragmented in nature, resulting in intense competition by key companies and causing variation in price margins. Prominent companies in the market include Taiwan Semiconductor Manufacturing Co. Ltd.; Texas Instruments, Inc.; Renesas Electronics Corp.; and NXP Semiconductors N.V. Further key findings from the study suggest: • The power amplifiers product segment accounted for over 30% of the overall share in 2018 and will expand further over the forecast period due to increased demand for 4G handsets • Filters segment is also likely to grow significantly due to wide usage of mobile computing devices and need to support various network spectrums for efficient coordination of wireless communication devices • Consumer electronics application accounted over 60% of the overall share in 2018 and will attain a substantial growth from 2019 to 2025 • Increased consumer spending on smartphones, tablets, smart homes, and several other portable electronic devices is anticipated to be the key factor driving the consumer electronics segment • North America accounted for around 28% of the global revenue in 2018. High demand for better mobility solutions is anticipated to drive the regional market further • Asia Pacific is expected to be the fastest-growing RF components market from 2019 to 2025 due to increasing adoption of improved connectivity solutions and growing number of internet users in the region • Key companies in this industry include Aixtron SE, NXP Semiconductors; Avago Technologies Ltd.; RF Axis; Texas Instruments, Inc.; STMicroelectronics Fujitsu Ltd.; Freescale Semiconductor, Inc.; and Renesas Electronics Corporation • Industry participants compete on the basis of development of efficient components that offer faster access to high performance, mobile data, cost effectiveness, and flexibility to support the corresponding solution Download the full report: https://www.reportbuyer.com/product/5785339/?utm_source=PRN About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-global-radio-frequency-components-market-size-is-expected-to-reach-usd-45-05-billion-by-2025-registering-a-cagr-of-14-300878603.html SOURCE ReportBuyer |