The global radio frequency integrated circuit (RF IC) market is growing rapidly. Rising adoption and use of portable devices like cellphones, wireless stations & routers, Wi-Fi devices, telephones, microwave equipment, and satellite transceivers drive the market growth. Besides, growing uses of RFICs in various industry verticals, including automotive, consumer electronics, government, and defense, boost the market size.
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Rapid advances in wireless communication technologies define the growing market landscape. In this regard, Market Research Future (MRFR) asserts that the Radio Frequency Integrated Circuit Market Growth is expected to grow exponentially by 2027, growing at an impressive CAGR during the forecast period (2020-2027). The increasing adoption of consumer electronics is a major driving force behind the market growth.
Moreover, growing mobile telecommunications system networks escalates the market growth. The proliferation of LTE networks is mandating the wide integration of RFICs in semiconductor and electronic devices, providing a huge impetus to the already growing RFIC market. Furthermore, increasing deployments of next-generation Long-Term Evolution (LTE) wireless networks influence market growth.
Radio Frequency Integrated Circuit (RFIC) Market – Segments
The report is segmented into applications, verticals, and regions. The application segment is sub-segmented into global positioning system (GPS), radio frequency microelectromechanical system (RF MEMs), near-field communication (NFC), Bluetooth, Wi-Fi, ZigBee, Wi-max, GPS, power amplifier, NFC, transceiver, wireless USB, and others.
The vertical segment is sub-segmented into consumer electronics, automotive, government, defense, and others. The region segment is sub-segmented into Europe, North America, Asia Pacific, and Rest-of-the-World.
Global RFIC Market – Geographical Analysis
North America leads the global radio frequency integrated circuit market. Factors such as large advances and early uptake of advanced technologies boost the RFIC market size in the region. Besides, the strong presence of well-established industry players and technology development centers fosters the region’s RFIC market shares.
Large defense sectors drive the regional market growth, creating significant opportunities. The North American RFIC market is estimated to retain its dominance throughout the projected period.
Global Radio Frequency IC Market – Competitive Landscape
Highly competitive, the RFIC market appears fragmented, with several well-established players forming a competitive landscape. Payers adopt strategies such as collaborations, mergers & acquisitions, and innovations to gain a larger competitive share. They make substantial investments in developing low-cost, compact components, emphasizing improved aftersales services to end-users.
Key service providers incorporate strategic alliances with local dealers and component manufacturers to expand their business in rapidly developing countries. Matured players in the market raise the entry barriers for new entrants. Many suppliers focus on developing advanced RFCs that can help them keep at the forefront of the competition.
Major Players
Players active in the RFIC market are Cree, Inc. (US), Silicon Laboratories (US), Qualcomm Technologies Inc. (US), STMicroelectronics (Switzerland), Qorvo, Inc. (US), Infineon Technologies AG (Germany), Peak RF (UK), Skyworks Solutions Inc. (US), OctoTech Inc. (US), NXP Semiconductors (US), Broadcom Inc. (US), and Analog Devices, Inc. (US), among others.
Industry/Innovation/Related News:
July 28, 2021 — Mobix Labs Inc., a fabless RF (radio frequency) component company, introduced MBX10 True5G mmWave beam former AIP (antenna-in-package) and its MIC600 single-chip, single-die beamformer IC (integrated circuit), delivering ultra-wideband performance ranging between 24.25 – 43.5 GHz. Mobix Labs is focused on next-generation wireless technologies.
The MBX10 is a complete 16-channel RF front-end, including all power amplifiers, phase shifters, low noise amplifiers, variable gain amplifiers, switches, and matching circuits that provide unprecedented levels of integration and scalability in a cost-effective, Bulk CMOS-based solution.
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