Germany RF components market is expected to grow at a CAGR of approximately 12.1% during the forecast period. Germany is the fourth-largest economy around the globe and accounts for more than one-fifth of the EU’s GDP. Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the US. The country is estimated to be one of the leading countries in the European RF component market. The dominance of Germany in the market is mainly attributed to the growing penetration towards smart consumer electronics such as smartphones, laptops, and TV. Moreover, the rising healthcare expenditure and growing adoption of R&D outsourcing services will further boost the RF component market in Germany. According to Germany Trade & Invest (GTAI), Germany’s electronics and electrical companies manufacture over 100,000 different electronic products and systems; ranging from automation systems, electronic medical equipment, automotive electronics, and microelectronic components.
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Germany has a huge potential to emerge as significant contributor into the growth of RF component market. The availability of an array of public and private research organizations, including the Max Planck Institutes and the Fraunhofer Gesellschaft backed by the Ministry of Education and Research, further increases the innovation of electronic products. Further, a significant number of mobile-cellular subscriptions in Germany is also driving the growth of RF component market.
The Germany economy has a significant market of automotive with approximately 15-20% of the total economy. The consumption of the vehicle is 4% only, however, the country is known for its quality products and brands. The major automotive manufacturer which are headquartered in Germany includes Audi, BMW, MAN, Daimler AG, Opel, Porsche, and Volkswagen. Along with original equipment, the country has a well-renowned supplier base which supplies its products across the globe. Some major auto-ancillary companies having headquarter in Germany includes Bosch, Continental, ZF TRW, Mahle GmbH, Thyssen Krupp and so on. Growing automotive industry is also contributing to the increasing demand for RF component owing to increasing demand for smart cars/ connected cars and ADAS (Advanced Driver-Assistance Systems).
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Germany RF Component Market Segmentation
By Product Type
· Antenna Switches
· Filters
· Amplifiers
· Duplexer
· Others (Modulators)
By Application
· Consumer Electronics
· Automotive
· Military & Defence
· IT & Telecom
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
