The US RF component market is expected to grow at a CAGR of around 12.1% during the forecast period. The US is one of the significant contributors in the North America RF components market due to high mobile subscription, high internet users and demand of connected cars in the country. Automotive and consumer electronics such as smartphone are the significant industries using the RF components and contributing to the growth of the market in the country. The well-established economy of the country laid the ground for the growth of the RF components market. The individual in the country relies on digital devices, thus, it has raised the number of laptops, smartphones and computer users in the region. As per the ITU, the total number of mobile cellular in the US was estimated to be 404 million in 2018 as compared to 400 million in 2017. The number of smartphone users in the US has increased significantly over the past few years and the numbers are estimated to further rise in the future. 

As per ITU, the growth in active mobile cellular telephone subscriptions has been much stronger in the US, with penetration rates increasing from 111.6 subscriptions per 100 inhabitants in 2014 to 123.7 in 2018. The high penetration of mobile cellular within the region is significantly driving the growth of RF component market as RF components of the mobile phone is one of the crucial areas of the cellphone design, contains all the RF transmitter and receiver circuits for the wireless connectivity. Moreover, technological advancement in the telecom sector such as the introduction of 5G spectrum contributes to the RF components market in the country. In the US, sub-6 5G technologies will likely be deployed in existing microcell networks and infrastructure through existing LTE spectrum. This would give modest improvements to RF system performance in the country.

Moreover, the technological advancement in sensor and RF components technology in the region results in the increasing consumer preferences for autonomous self-driving cars, which is resulting in the increased market share of RF components in the region.

Research Methodology

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

The Report Covers

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