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India RF Components Market By Product, By Material, By Module, By Application, Forecast 2024

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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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” 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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