UK RF components market is expected to grow at a CAGR of approximately 11.9% during the forecast period. UK is the third-largest economy in Europe after Germany and France, majorly owing to its trading power and financial businesses. The manufacturing industry of UK has seen a decline in recent years, accounting for around 10% of the decline in economic output due to the rise in service-based industries in the country. The country has an extensive trade relationship with other European members, owing to its single market membership. The country has well-developed ICT (Information and Communication Technology) infrastructure, with continuous development in the electronics industry.
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UK is considered as one of the major contributors in the European RF component market owing to the significant potential of the automotive industry. Other than the automotive industry, consumer goods, and military and defence industry, also have substantial opportunities in the RF component market. A significant number of mobile-cellular subscriptions in UK has fueled the growth of RF component market. In 2014, the total mobile-cellular subscriptions in the UK was 78.5 million which reached to 78.9 million in 2018. Additionally, the increasing demand for smartphones creates demand for RF component as these components are basic components which include power amplifiers (PAs), low noise amplifiers (LNAs), switches, duplexers, filters, and other passive devices.
Moreover, UK automobile industry is more than $110 billion and providing employment to more than 170,000 people in the nation directly in manufacturing. The automotive sector accounts for about 12% of the country’s total export. There are more than 30 OEMs (original equipment manufacturers) in the region backed by more than 2,500 component providers. Some major car manufacturers of UK include Aston Martin, Bentley, Caterham Cars, Jaguar, Land Rover, McLaren, Mini, and Rolls-Royce. A downfall in the sales of vehicles in 2017 has been registered compared to 2016. In 2017, the UK has registered 2.54 million new passenger cars as compared to 2.7 million in 2016. Similarly, it has registered only 415,000 commercial vehicles in 2017 as compared to 430,000 in 2016. Significant sales and production of vehicles have significantly contributed to the growth of the market.
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UK RF Component Market Segmentation
By Product Type
· Antenna Switches
· Filters
· Amplifiers
· Duplexer
· Others (Modulators)
By Application
· Consumer Electronics
· Automotive
· Military & Defence
· IT & Telecom
