Indian RF component market is expected to grow at a CAGR of approximately 13.6% during the forecast period. Globally, India is the 2nd most populous country after China, with more than 1.3 billion inhabitants as per the UN. The major factors for the surging RF components demand in the country include increasing automobile production, growing demand for consumer electronics, and increasing focus on military and defense. As per the Indian Brand Equity Foundation (IBEF), India is the 2nd largest telecommunications market across the globe with a subscriber base of more than 1.1 billion in 2016. Indian mobile economy is growing rapidly and is the 4th largest mobile-phone application country across the globe. 

As per NITI (National Institution for Transforming India) Aayog, there were more than 220 million smartphone users in India in 2016, which is further expected to increase to 350 million in 2020. The mobile phone penetration is still untapped in India as there were 84 subscriptions over 100 inhabitant which is quite low as compared to a developed economy. The less penetration of mobile phones reflects a huge opportunity for the RF components market in near future. The huge investment in the telecom sector is expected to increase the mobile phone and its accessories market in near future.

Moreover, India has one of the largest automotive markets across the globe. According to IBEF (India Brand Equity Foundation), the Indian auto industry became the 4th largest across the globe, with sales increasing 9.5% year-on-year to 4.02 million units (excluding two wheelers) in 2017. According to Society of Indian Automotive Manufacturer, in 2017, the sales of the passenger vehicle have been increased by 9.2%, year-on-year basis. It is one of the preferred destinations for global automotive players and OEMs for manufacturing the automotive parts such as speakers, electronics parts, navigation systems and so forth. This contributes to the growth of the RF components market in India.

Research Methodology

The market study of India 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. India RF Component Market Research and Analysis by Product Type
2. India RF Component Market Research and Analysis by End-users

The Report Covers

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