Radio Frequency Integrated Circuit Market Synopsis

Among the vertical segments – consumer electronics, automotive, government and defense, and others; the market for consumer electronics segment is expected to have highest market share throughout the forecast period. The Radio Frequency Integrated Circuit Market chips also have a potential market in the automotive industry. The vehicle-to-vehicle connection, security technologies and automated driving technology, all comprise of RFIC based electronic devices. The concept of autonomous vehicles, such as smart cars, connected cars and driverless cars is gaining ground and thus, the application of Radio Frequency Integrated Circuit Market is expected to grow in the future. The automotive segment is expected to grow with the highest CAGR.

The Radio Frequency Integrated Circuit Market is enjoying wide-scale demand from several sectors like automotive, defense, consumer electronics and others. In automotive sector, security technologies, vehicle-to-vehicle connection, and automated driving technology are segments that call for wider percolation of the RFIC technology. The advent of smart cars is expected to further fuel the market. Other than this, the power amplifiers, Wi-Fi, and transceivers are expected to drive the market further. It would further get bolstered by the growing intake of smartphones and tablets. In addition, the inclusion of IoT is expected to contribute much to the progress of RFIC market Countries such as China, the U.K., Japan, and the U.S. can further ease the path of progress for the market.

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Key Players

The key players in the Radio Frequency Integrated Circuit Market market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Qualcomm Technologies Inc. (US), Cree, Inc. (US), Silicon Laboratories (US), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Qorvo, Inc. (US), Octo Tech Inc. (US), Peak RF (UK), Skyworks Solutions Inc. (US), Analog Devices, Inc. (US), NXP Semiconductors (US), Broadcom Inc. (US). The key strategies adopted by most of the players are partnerships and agreements, collaborations, and new product releases.

Apart from the companies mentioned above, other companies from APAC are the key players in this market. These include Samsung Electronics Co (South Korea), Renesas Electronics Corporation (Japan), Kangxi Communication Technology Co. Ltd. (China) and others.

Segmentation:

MRFR’s take on the global Radio Frequency Integrated Circuit Market includes application and vertical for a segmentation-wise study. This has been strengthened by the data both volume-wise and value-wise.

Based on the application, the global Radio Frequency Integrated Circuit Market includes transceiver, power amplifier, Bluetooth, wireless USB, Wi-max, Wi-Fi, Global Positioning System (GPS), ZigBee, radio frequency microelectromechanical system (RF Mems), Near-field communication (NFC), and others. The Wi-Fi segment and GPS system are gaining substantial mileage owing to their increasing utility by commoners. The increasing number of smartphone users is also helping the global market earn better backup for growth.

Based on the vertical, the global radio frequency integrated circuit market integrates consumer electronics, automotive, government & defense, and others. The global electronics segment is gaining good grounds and is expected to bolster the market prospect during the forecast period.

Regional Analysis

The global Radio Frequency Integrated Circuit Market market is expected to grow at a CAGR of 10.4% during the forecast period. The geographical analysis of RFIC market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

North America holds the largest market share and is expected to continue this dominance during the forecast period. North America has one of the most highly developed Consumer electronics and semiconductor sectors in countries like the US and Canada, and thus has greater adoption of RFIC. Further to this, APAC closely following North America in terms of revenue generation considering APAC to be advancing in terms of technology and its adoption. Also, APAC has large customer base and rapidly growing electronics and semiconductor industry. In the past few years, the Radio Frequency Integrated Circuit Market market has experienced a high growth. Various RFIC manufacturers are present in Japan and China, which boost the market share. China is expected to grow at the highest CAGR in APAC region while Japan is projected to show single digit growth rate during the forecast period. The market size of APAC is estimated to grow at the highest CAGR from 2018-2023, followed by Europe.

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Intended Audience

Government Agencies
RFIC Service/Solution Providers
RFIC manufacturing companies
Semiconductor manufacturers
Electronic device manufacturers
System Integrators
Research Institutes and Organizations
Technology Standards Organizations
Venture capitalist/angel investors
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