Consumer Electronics to Dominate India RF Components Market During Forecast Period
Growing population coupled
with increasing disposable income to drive India RF components market through
2024
According
to TechSci Research report, “India RF Components Market By Product, By Material, By Module, By
Application, Competition, Forecast & Opportunities, 2024”, the India RF components market is expected to grow
at a CAGR of around 15% during the forecast period owing to the increasing
demand for wireless communication solutions, such as 4G and 5G. Additionally,
increasing sales of smartphones owing to constant product development offering
improved performance, biosensors, long battery life, and more AI features and
increasing popularity of low-end smartphones is further driving the RF
components market across India. Further, the requirement of low-power ICs for
maximizing battery life and to reduce charging time in smartphones is spurring
the demand of RF components. However, shortage of raw materials is likely to
hamper the growth of the market. Increasing prices of raw materials and delays
in delivery would further obstruct the growth of India RF components market.
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The India RF components market is segmented based on product, material,
module, application, region and company. Based on type, the market can be
categorized into filters, duplexer, power amplifier, antenna switches,
modulators & demodulators and others. Of all, Antenna switches are expected
to register the highest CAGR during forecast period owing to the growing
experimentation with switch designs particularly in expanding number of 3G and
4G handsets. Based on application, the market can be fragmented into consumer
electronics, automotive, military, wireless communication and others. The
consumer electronics segment dominates the market during forecast period owing
to the rising customer spending on electronic devices, such as tablets,
personal computers, laptops, smartphones, among others. Additionally, the advancements
in RF components offer products with a dynamic power range, higher frequencies,
and lower noise parameters, enabling design of next-generation electronic
components.
Fujitsu India Pvt. Ltd., Broadcom
Ltd., TDK India Pvt. Ltd., NXP Semiconductors N.V., Murata Electronics India
Pvt. Ltd., Unisoc Communication India Pvt. Ltd., Renesas Electronics India Pvt.
Ltd., ROHM Semiconductor India Pvt. Ltd., Texas Instruments (India) Pvt. Ltd.,
Mitsubishi Electric India Pvt. Ltd., are some of the leading players
operating in India RF components market. The companies operating in the market
are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“India
is anticipated to be one of the fastest growing markets for RF components in
the APAC region during forecast period, owing to the increasing demand for
better connectivity and mobility solutions coupled with increasing number of
internet users in the country. Additionally, stringent regulations by the
government of India will play a significant role in propelling the market as it
has made the deployment of set-top box compulsory.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India RF Components Market By Product, By Material, By Module, By
Application, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India RF
components market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India RF components market.
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