Radio Frequency Integrated Circuit (RFIC) Market Trends, Emerging Technologies, Size and Market Segments by Forecast to 2027 | Impact of COVID-19

Research Reports

Jan 20, 2022

The Radio Frequency Integrated Circuit Market Share  is garnering substantial traction across the globe. Radio frequency integrated circuit (RFIC) is a chip that transmits and receives radio waves. RFIC chips are used in portable devices such as cellphones, Wi-Fi devices, wireless stations & routers, telephones, satellite transceivers, microwave equipment, and many others. The market growth attributes to the rising uses of RFICs in various industry verticals, including consumer electronics, automotive, government, and defense. 

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Besides, rapid technological advances in wireless communication and the increasing adoption of consumer electronics are the major driving forces behind the growing market landscape. Moreover, the growing network of the universal mobile telecommunications system escalates the market growth. According to the well-known research firm – Market Research Future (MRFR), the global radio frequency integrated circuit market Industry is poised to grow at 10.4?GR throughout the forecast period (2018-2023). 

The increasing proliferation of LTE networks has forced the semiconductor and electronic device manufacturers to integrate more RFICs. This adoption of RFIC is expected to increase in the future, which would provide a huge impetus to the growth of the market. Another trend observed during the market analysis is the increasing deployment of next-generation Long-Term Evolution (LTE) wireless networks that would influence market growth.

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Radio Frequency Integrated Circuit Market – Segments

The report is segmented into three dynamics;  

By Application: Global Positioning System (GPS), Near-field Communication (NFC), Radio Frequency Microelectromechanical System (RF Mems), Bluetooth, Wi-Fi, Wi-max, ZigBee, GPS, NFC, Power Amplifier, Transceiver, Wireless USB, and others. 

By Vertical: Consumer Electronics, Automotive, Government, Defense, and others. 

By Regions:  Europe, North America, Asia Pacific, and Rest-of-the-World.

Radio Frequency Integrated Circuit (RFIC) Market – Regional Analysis 

North America dominates the global radio frequency integrated circuit market. The largest market share attributes to the strong presence of notable industry players and well-established technology development centers in the region. Besides, considerable developments and early uptake of advanced technologies foster the growth of the region’s market.  

Moreover, large defense sectors in this region create opportunities for the radio frequency integrated circuit market to grow significantly. The North American RFIC market is estimated to retain its dominance throughout the projected period. 

Europe stands second in the global radio frequency integrated circuit market. The market growth is driven by the vast demand from the consumer electronics, automotive, government, and defense sectors. Additionally, the increasing use of electronic devices for industrial, commercial, and residential purposes boosts the regional market growth. 

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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