European RF Component Market Segmentation, Forecast, Analysis, Size By 2025Posted by shibaomrglobal on March 19th, 2020 European RF component market is expected to grow approximately at a CAGR of 11.6% during the forecast period. According to the World Bank, the GDP of the EU (European Union) was valued at .7 trillion in 2018, making it one of the largest economies across the globe in nominal terms and PPP (purchasing power parity). Germany, UK, and France generate over half of the EU’s GDP. According to the European Commission, Germany is the leading EU economy with a total GDP of .0 trillion in 2018, accounting for around 21.5% of the EU GDP. Request a Free Sample of our Report on European RF Component Market: https://www.omrglobal.com/request-sample/european-rf-component-market Germany is followed by the UK (.8 trillion), contributing around 15.0% of the EU GDP, France (14.9%), Italy (11.1%) and Spain (7.6%). Growing GDP in major European economies has a significant impact on the affordability of consumers. Advancement in tele communication networks, significance of 4G and potential of 5G will further create demand for RF component market. Cellular Telephone subscriptions have been increasing across the EU region. These have a significant impact on the penetration of mobile phones within the region. The growth in active mobile cellular subscriptions has been much stronger in France, with penetration rates increasing from 101.9 subscriptions per 100 inhabitants in 2014, to 108.4 in 2018. Further, Italy has the highest number of active mobile cellular telephone subscriptions with 137.4 subscriptions per 100 inhabitants in 2018. This high penetration of mobile cellular within the region is significantly driving the growth of RF component market since RF components of the mobile phone is one of the crucial areas of the cellphone design that contains all the transmitter and receiver circuits. Further, RF component market has been positively influenced by the rising demand from automotive industries. Various components such as Wifi, Bluetooth, motion sensors, infotainment, radio receiver, LIDAR (Light Imaging Detection and Ranging) SONAR (sound navigation ranging) and so on are increasingly used in automotive domain. Europe is home to various major automotive companies and represents a significant share of the global automotive industry which has significantly contributed to the RF component market growth. A Full Report of European RF Component Market is Available athttps://www.omrglobal.com/industry-reports/european-rf-component-market European RF Component Market By Product Type
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