March 20, 2020
— 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.
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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.
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North American RF Components Market Segmentation
By Product Type
• Antenna Switches
• Others (Modulators)
• Consumer Electronics
• Military & Defense
• IT & Telecom
• United States
• Amphenol Corp.
• AVX Corp.
• Broadcom Inc.
• Cree, Inc.
• ETL Systems Ltd.
• Fujitsu Ltd.
• Honeywell International Inc.
• NXP Semiconductors N.V.
• Qorvo Inc.
• Texas Instruments, Inc.
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