China RF components market is expected to grow approximately at a CAGR of 13.1% during the forecast period. International Trade Union Federation (ITUF) estimates that China will be the largest producer of the world’s electronic and electronic components across the globe. The abundance of economic labor has made the country an attractive destination for investment considering the low-cost labor, improved infrastructure and so forth. As a result, the manufactured products constitute a significant share of the country’s trade. A substantial amount of China’s imports is comprised of parts and components that are assembled into finished products, such as consumer electronic products and computers, and then exported. Owing to these facts, the nation is expected to share the largest market share of RF components in Asia-Pacific region.
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Furthermore, along with the high customer base in China, the country is manufacturing and exporting a larger number of smartphones across the globe. China has a significant market share among all the key economies such as India, the US, UK and so on. Due to this, the companies and research institute are investing considerable resources in the R&D program in mobile technology. China’s mobile phone subscription has grown rapidly in recent years, owing to changing lifestyle and increasing disposable income of the people. Continuous R&D and new launch provides advanced features in smartphones and tablets due to which smartphone makers are striving to fulfill consumers’ needs by developing innovative technology. Majority of the smartphone and tablet manufacturers in the country are using connected products such as RF amplifiers and modulators to enhance the properties and features of smart devices. According to the International Telecommunication Union, in 2017, there were more than 1.4 billion mobile phone subscriptions in China, and an internet penetration rate of 54.3% was observed in the country. These facts and figures reflect the surging demand for mobile phones in the country which is expected to fuel the RF components demand in the country.
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Market Segmentation
China RF Component Market by Product Type
- Antenna Switches
- Filters
- Amplifiers
- Duplexer
- Others (Modulators)
China RF Components Market by Application
- Consumer Electronics
- Automotive
- Military & Defense
- IT & Telecom
Company Profiles
- Amphenol Corp.
- AVX Corp.
- Broadcom Inc.
- Cree, Inc.
- Fujitsu Ltd.
- Honeywell International Inc.
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors N.V.
- Qorvo, Inc
- Radiall SA
- Taiwan Semiconductors Manufacturing Co Ltd.
- TDK Corp.
- Toshiba Corp.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
