North American RF components market is expected to grow at a CAGR of around 12.2% during the forecast period. The US and Canada are significantly contributing in the market growth due to various factors such as high penetration of smartphones, developed ICT industry and adoption of the advanced communication technologies such as 5G, rising demand of connected cars and others in these countries. Moreover, high internet penetration is one of the major factors that is augmenting the market growth in North America. According to the ITU database in 2018, around 69.6 individuals using the internet per 100 inhabitants in North America. The RF components have a significant application in a wireless internet connection for transmitting and receiving data between two devices.  Thus, the high internet penetration in the region encourages the adoption of wireless devices such as smartphone and other devices that raise the demand for RF components in the region.  

Moreover, with the demand for autonomous and connected vehicles, the need for wireless connectivity electronic components has to be increased significantly. The Canadian government is committed to developing a national strategy by 2018 end to support the growth in the number of electric connected vehicles. According to the Pembina institute, companies such as Chevy Volt, Nissan, and Tesla have achieved sales in this region. These companies have more than 50% of market share in the electric vehicle sector which will give thrust to an electric vehicle in the Canadian region. The government is keen on the policies in order to bring maximum of green vehicles to the consumers. Thus, contributing to the growth of the market.

Research Methodology

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

The Report Covers

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