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. 

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.

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.

Research Methodology

The market study of Asia-Pacific RF Component market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for medical device manufacturing companies, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific RF Component Market Research and Analysis by Product Type
2. Asia-Pacific RF Component Market Research and Analysis by End-users

The Report Covers

• Comprehensive research methodology of Asia-Pacific RF Component market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Asia-Pacific RF Component market.
• Insights about market determinants which are stimulating Asia-Pacific RF Component market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.