QYResearch: The global market for RF switches is expected to reach about 4189.50 Million USD by 2022

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QYResearch RF switches are used extensively in wireless systems for signal routing finding wide use in switching signals from antennas to the transmit and receive chains. They are one of the highest volume RF devices in use today as several devices are typically contained in a block diagram. RF switches fall into the two main categories of electromechanical and solid-state switches.

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QYResearch

RF switches industry is relatively concentrated, manufacturers are mostly in the North America, Europe and Asia-Pacific. Among them, Asia-Pacific output value accounted for more than 62.12% of the total output value of global RF switches in 2016. Skyworks is the world leading manufacturers in global RF switches market with the market share of 22.56%, in terms of revenue.

Compared to 2015, RF switches market managed to increase sales by 18.02 percent to 2565.03 million USD worldwide in 2016 from 2173.37 million USD in 2015. Overall, the RF switches market performance is positive, despite the weak economic environment.

According to QYResearch, The global RF switches market is expected to reach $ 4189.50 million by 2022 from $ 2950.94 million in 2017, growing at a CAGR of 7.26% from 2017 to 2022. And China market is expected to be the biggest market with $979.51 million of revenue in 2022, followed by Japan and India .

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QYResearch

With the increasing in production capacity, expected that the RF switches raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of RF switches.

There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

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QYResearch The average price of RF switches will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology, cost of raw materials, as well as the substitute threat.

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