OREGAON, PORTLAND, UNITED STATES, November 17, 2021 /EINPresswire.com/ —
A lead analyst at AMR highlighted the RF power dividers market in Asia-Pacific is anticipated to cite the fastest CAGR during the forecast period.
Allied Market Research published a research report on the RF power dividers market. The findings of the report states that the global market for RF power dividers generated $0.99 billion in 2020, and is projected to reach $1.50 billion by 2030, witnessing a CAGR of 4.6% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
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The report provides insights on drivers, restrains, and opportunities to help market players in devising growth strategies and capitalizing on opportunities. Rise in demand for improved communication services and surge in defense expenditure drive the growth of the global RF power dividers market. On the other hand, low R&D investments for technological development impede the market to some extent. However, surge in adoption of RF power devices in the healthcare industry presents new opportunities in the upcoming years.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the RF power dividers market globally. It is helpful for market players, new entrants, and investors in terms of determining new strategies as per the current scenario and improvising the business model for the next few years. A sharp decline was experienced in the sales of end products during the pandemic, and the global market for RF power dividers was impacted negatively, especially in the initial phase. Also, low R&D investments for technological development acts as a major restrain for the growth of the market. However, as the global situation is getting better, the market is projected to revive soon.
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“The global RF power dividers market share is expected to witness a steady growth, owing to increasing digitalization that resulted in development of internet of things. Besides, increase in demand for consumer consumers further accelerates the market growth substantially.” said Ruchal Humbare, Lead Analyst, Semeconductor and Electronics at Allied Market Research.
The report offers detailed segmentation of the global RF power dividers market based on type, configuration, application, industry vertical, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.
By type, the reactive segment accounted for the highest market share in 2020, accounting for nearly three-fifths of the total market share, and is expected to continue its leadership status throughout the forecast period. The same segment is also estimated to register the highest CAGR of 4.9% from 2021 to 2030.
By configuration, the less than 6-way segment contributed to the largest market share in 2020, generating more than half of the total market share. At the same time, the 6 way – 10 way segment is projected to grow at the fastest CAGR of 5.6% from 2021 to 2030.
By region, North America held the major share in terms of revenue in 2020, garnering more than two-fifths of the total share, and is anticipated to retain its dominant share by 2030. Simultaneously, the market across Asia-Pacific is expected to showcase the fastest CAGR of 6.1% during the forecast period.
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Leading players of the global RF power dividers market that are analysed in the research include Analog Microwave Design (France), ARRA Inc. (U.S.), AtlanTecRF (UK), L3 Narda-MITEQ (U.S.), M2 Global Technology (U.S.), Marki Microwave (U.S.), API Technologies (U.S.), TTM Technologies (U.S.)., Microot Microwave (China), and Microwave Devices Inc. (U.S.).
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Source: EIN Presswire