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The RF components market is expected to witness robust growth by 2028 owing to a strong demand from automotive applications. With the rising sophistication of in-vehicle infotainment systems the demand for RF components has seen a notable jump in the industry over the past years.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3829<br>
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Key Insights from RF Components Market : • In terms of application, the market has been categorized into consumer electronics, medical & healthcare, automotive, telecommunication, industrial, aerospace & defense, and others. • The automotive application segment is expected to grow considerably by 2028 on the back of the increasing adoption of RF components in telematics, and in-vehicle infotainment (IVI) systems among others. In 2021, the segment held a steady market share of 10%. • The market is also slated to register momentous gains from aerospace & defense applications. Several global governments have been spending a considerable amount of their budget on defense capabilities. Perceiving the demand, numerous market players have been making strategic acquisitions as a means to tap into the business. Taking embedded solutions company, Microchip Technology, for instance, which acquired, Iconic RF, in December 2021 to expand its GaN MMIC line.
Regional Insights in RF Components Market : • From the regional point of view, The Latin America RF components market is slated to show promising growth due to the rising government efforts to establish public hotspots in the region. in 2021, the regional segment held an industry share of approximately 5%.
Latest Research Report On RF Components Market @ https://www.gminsights.com/industry-analysis/rf-components-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3829
Major Companies in RF Components Market : • Analog Devices Inc • Infineon Technologies AG • Broadcom, Inc. • NXP Semiconductors N.V.
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