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SAN FRANCISCO, CA--(Marketwired - Jan 18, 2016) - The global Radio Frequency (RF) components market is expected to reach USD 17.54 billion by 2022, according to a new study by Grand View Research, Inc. Growing adoption of consumer electronics including smartphones, tablets, notebooks, set top boxes and smart televisions is estimated to fuel industry growth over the next few years. Rising consumer disposable income, particularly in developing countries like India and Brazil, paired with overall improvement in global economy, may elevate demand significantly. Technological advancements in the field of wireless communication and development in materials used for manufacturing RF components, such as Silicon Germanium (SiGe) and Gallium Arsenide (GaAs), are also expected to drive industry growth.
Browse full research report with TOC on "Radio Frequency (RF) Components Market Analysis By Product (Filters, Duplexer, Power amplifiers, Antenna Switches, Modulators & Demodulators), By Application (Consumer Electronics, Automotive, Military, Wireless Communication) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/radio-frequency-rf-components-market
Increasing popularity and adoption of high speed networks, such as 3G and 4G, have significantly impacted demand for RF components. Technological advancement enhancing antenna efficiency, by replacing traditional filters with advanced tunable filter, may escalate demand over the next seven years. The industry is poised for growth owing to increasing demand across the automotive industry. Increasing efforts for development of advanced and innovative wireless infrastructure may also propel product demand.
Further key findings from the report suggest:
Grand View Research has segmented the global radio frequency components market on the basis of product, application and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.