Rf Components Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The RF components market is expected to grow at a CAGR of 13% over the forecast period (2021-2026). Radio Frequency (RF) technology is vital to many sides of modern electronics. RF engineering is incorporated into almost everything helping to transmit or receiving a radio wave across the complete RF spectrum (3 kHz to 300 GHz) that includes cellular phones, radios, Bluetooth, and Wi-Fi technology. With the advent of the Internet of Things (IoT) and even greater wireless connectivity, there will be increased demand for RF components.
Key HighlightsThe RF components market is fragmented in nature resulting in intense competition by key companies and causing variation in price margins. Further major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Key players are TDK Corporation, NXP Semiconductors, etc. Recent developments in the market are -
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