The Asia-Pacific RF component market is anticipated to reach around $17.5 billion by 2027, growing at a CAGR of 12.6% during the forecast period (2021-2027). The market in the region is primarily captured by major economies that include India, China, Japan, and South Korea. China held the highest market share of 46.0% in the Asia-Pacific RF component market in 2020. Asia-Pacific region creates significant scope for the global RF components market, owing to the rising consumer electronic industries, increasing adoption of smartphones and tablets, growing automotive sector, and increasing focus on military and space explorations. The advancement in consumer electronics, growing automotive sales, and the significant growth of major emerging economies, such as China, India, and South Korea will further boost the demand for the RF component market.
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China to lead the Asia-Pacific Radio Frequency Components Market
International Trade Union Federation (ITUF) estimates that China is 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 the Asia-Pacific region.
Scope of the Asia-Pacific Radio Frequency (RF) Components Market
Market Coverage
- The Market Number Available – 2020-2027
- Base Year- 2020
- Forecast Period- 2021-2027
- Segment Covered- By Product Type, By Application
- Competitive Landscape- Toshiba Corp., Sanmina Corp., Silicon Laboratories, Inc. Skyworks Solutions Inc., Fujitsu Ltd., TDK Corp.
Recent Strategic Initiatives in the Asia-Pacific Radio Frequency (RF) Components Market
- In July 2019, Fujitsu Ltd. announced the supply of a complete set of 5G base station products to NTT DOCOMO for commercial 5G services, via a proprietary software design from the company using software-defined radio technology. This enables to quickly deploy 5G networks faster and at low costs enabling the company to gain significant market share.
- In February 2018, TDK Corp. with Qualcomm formed a joint venture RF360 Holdings Singapore PTE. Ltd. to deliver RF modules and filters for various applications in automotive, IoT, drones, and electronics.
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Asia-Pacific Radio Frequency (RF) Components Market-Segmentation
By Product Type
- Antenna Switches
- Filters
- Amplifiers
- Duplexer
- Others (Modulators)
By Application
- Consumer Electronics
- Automotive
- Military & Defense
- IT & Telecom
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
