Asia-Pacific RF Component Market Growth Analysis, Business Opportunities and Future Scope Till 2025

Asia-Pacific region creates significant scope for RF components market growing approximately at a CAGR of 12.7% during the forecast period. 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 RF component market.

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Top Key Players - 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, Renesas Electronic Corp., Toshiba Corp.

After China, Japan and India, the major economies that contributes to the growth of the RF components market includes Australia, South Korea, Thailand, and Indonesia. Australia and South Korea are the developed economies in the Asia-Pacific region; hence, a considerable investment can be expected in these nations. Whereas, a large population base creates a significant mobile subscription base in Thailand and Indonesia. All these four economies are showing growth in the mobile cellular subscription from recent years. In 2016, South Korea had shown a growth rate of 3.3%, similarly, Australia, Thailand, and Indonesia have shown 6.0%, 13.7%, and 13.0% respectively. Increasing mobile phone subscription in this region represents that users of smartphone and other mobile devices are increasing significantly, which in turn, is offering opportunistic growth for the Asia-Pacific RF components market.

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Furthermore, the 2018, Defense Industrial Capability Plan (the Plan) summarizes the long-term vision of the government for building and developing a strong, robust, and globally competitive Australian defense industry base that is better able to meet defense capability requirements. Under the plan, the government is investing in the defense industry and supports to encourage the delivery of the Integrated Investment Program in near future. This will build the country's defense capabilities along with technology, intellectual property, expertise, and infrastructure. This will provide significant opportunity to advance military and defense that will further propel the demand for RF components systems in the country. South Korean military systems are primarily focused on maintenance and modernization of military organizations. The government plans for mobilization and resource management which is intended to manage the armed forces and maintain the capabilities of the country during wartime. In this context, the country focuses on replacing outdated fighter aircraft and naval vessel with advanced models, which, in turn, neutralize the threat of North Korea's modern weapon systems.

Asia-Pacific RF Component Market Segmentation

Asia-Pacific RF Component Market by Product Type

o Antenna Switches
o Filters
o Amplifiers
o Duplexer
o Others (Modulators)

Asia-Pacific RF Components Market by Application

o Consumer Electronics
o Automotive
o Military & Defense
o IT & Telecom

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