Radio Frequency Integrated Circuit (RFIC) Market Highlights Growth Overview and Estimates Market Size by 2028

Albany, USA, 2019-Jan-17 — /EPR Network/ —Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled Radio Frequency Integrated Circuit (RFIC) Market: RF Amplifier Projected to be the Most Attractive Product Type During the Forecast Period: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028) offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Oil & Gas Data Management Market have been elaborated upon in the research report.

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Radio-Frequency Integrated Circuits (RFICs) allow for the integration of multiple electronic circuits on a chip to provide distributed antenna system functionalities. Radio frequency integrated circuits are employed in the central unit and remote unit components. They help reduce component cost & size and increase performance & reliability while reducing power consumption. These components are also easier to manufacture. In addition, radio frequency integrated circuits can be employed in distributed antenna systems and components that support RF communication services and/or digital data services.

In this report, MRRSE has segmented the global radio frequency integrated circuit market on the basis of product type, vertical and region. By product type, the market is sub-segmented into transceivers, power amplifiers, wireless chips, Bluetooth chips and others. The transceivers sub-segment is surging the growth of global radio frequency integrated circuit market because high-speed serial transceivers form the backbone of networks. Communications, servers and many other electronic systems depend upon high-speed serial transceivers. Moreover, the global adoption of the Internet is rapidly driving the usage of advanced radio frequency integrated circuits. However, the growth of the power amplifier sub-segment can be attributed to the growth of consumer electronic goods such as smartphones, smart televisions, consumer wearables and other electronics goods. It has been observed that the growth of consumer electronic goods is high. Owning to these factors, the power amplifier segment is projected to register a double-digit market share at the end of 2028 in the global radio frequency integrated circuit market. In addition, the wireless chip segment is expected to register a high Y-o-Y growth rate during the forecast period due to advancements in satellite and radio base stations. Moreover, the Bluetooth chip segment is also witnessing high growth due to increasing consumer wearable devices in developed and developing nations.

Based on vertical, the radio frequency integrated circuit market is sub-segmented into consumer electronics, telecommunication, media & broadcasting, automotive, government and others. Rising demand for consumer electronic products and the emergence of next-generation wireless devices are among major factors that promote the growth of the consumer electronics sub-segment. The telecommunication sub-segment is anticipated to create potential opportunities for radio frequency integrated circuit manufacturers due to the presence of next-generation wireless networks and the deployment of 5G networks across the globe. To cater to potential opportunities in the telecommunication market, Samsung Electronics Co., Ltd. unveiled advanced 5G-capable radio frequency integrated circuits in the market in 2017. The automotive segment has witnessed several technological advancements in recent years. In the automotive industry, autonomous vehicles, such as smart cars, connected cars and driverless cars, are in the testing and deployment stages. These key factors are boosting the automotive sub-segment across the globe.

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Furthermore, on the basis of geography, the North America radio frequency integrated circuitmarket is expected to dominate the global radio frequency integrated circuitmarket due to advancements in next-generation technologies in the country. The provision of enhanced mobile broadband is expected to propel the radio frequency integrated circuitmarket in North America. Moreover, the region has witnessed the widespread deployment of IoT and ultra-reliable, low-latency communications technologies in past couple of years. These such factors are fuelling the growth of radio frequency market in North America.  The radio frequency integrated circuitmarket has huge potential in China owing to major technological advancements in the telecommunication industry and increasing smart city projects in the country. The SEA and Others of APAC radio frequency integrated circuitmarket is expected to be among target markets for market participants. In SEA and Others of APAC, wireless connected devices have gained exponential growth in recent years and expected grow at a double-digit rate in next couple of years. Latin America is estimated to grow at a moderate CAGR over the forecast period in global radio frequency integrated circuit market. Due to increasing penetration of smartphones the MEA region is projected to grow with a moderate growth in radio frequency integrated circuit market.

According to MRRSE analysis, long-term contracts with business partners are likely to increase revenue and new innovation strategies are estimated to enable radio frequency integrated circuitvendors to reach new growth markets. Some of the market participants in the global radio frequency integrated circuitmarket report include Texas Instruments Incorporated; NXP Semiconductors; STMicroelectronics; Analog Devices, Inc.; Samsung Electronics Co., Ltd.; QUALCOMM Incorporated; Skyworks Solutions; SILICON LABORATORIES INC.; Maxim Integrated; Cree, Inc. and TriQuint Semiconductor (Qorvo, Inc.).

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