European RF component market is expected to grow approximately at a CAGR of 11.6% during the forecast period. According to the World Bank, the GDP of the EU (European Union) was valued at $18.7 trillion in 2018, making it one of the largest economies across the globe in nominal terms and PPP (purchasing power parity). Germany, UK, and France generate over half of the EU’s GDP. According to the European Commission, Germany is the leading EU economy with a total GDP of $4.0 trillion in 2018, accounting for around 21.5% of the EU GDP. Germany is followed by the UK ($2.8 trillion), contributing around 15.0% of the EU GDP, France (14.9%), Italy (11.1%) and Spain (7.6%). Growing GDP in major European economies has a significant impact on the affordability of consumers. Advancement in tele communication networks, significance of 4G and potential of 5G will further create demand for RF component market. Cellular Telephone subscriptions have been increasing across the EU region. These have a significant impact on the penetration of mobile phones within the region. 

The growth in active mobile cellular subscriptions has been much stronger in France, with penetration rates increasing from 101.9 subscriptions per 100 inhabitants in 2014, to 108.4 in 2018. Further, Italy has the highest number of active mobile cellular telephone subscriptions with 137.4 subscriptions per 100 inhabitants in 2018. This high penetration of mobile cellular within the region is significantly driving the growth of RF component market since RF components of the mobile phone is one of the crucial areas of the cellphone design that contains all the transmitter and receiver circuits. 

Further, RF component market has been positively influenced by the rising demand from automotive industries. Various components such as Wifi, Bluetooth, motion sensors, infotainment, radio receiver, LIDAR (Light Imaging Detection and Ranging) SONAR (sound navigation ranging) and so on are increasingly used in automotive domain. Europe is home to various major automotive companies and represents a significant share of the global automotive industry which has significantly contributed to the RF component market growth.

Research Methodology

The market study of European 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

1. Financial reports of companies involved in the market.
2. Whitepapers, research-papers, and news blogs.
3. 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. European RF Component Market Research and Analysis by Product Type
2. European RF Component Market Research and Analysis by End-users

The Report Covers

• Comprehensive research methodology of European 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 European RF Component market.
• Insights about market determinants which are stimulating European RF Component market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.