Overview of the global radio frequency integrated circuit (RFIC) market
The raw materials used to manufacture RF devices such as power amplifiers are expensive which incurs huge costs for vendors. This induces companies to focus on new materials that can reduce production costs. Technavio’s research analysis on the global radio frequency integrated circuit (RFIC) market has identified the increasing usage of new materials to manufacture RF devices as one of the major factors that will have a positive impact on the growth of this market. There is an increase in the production of RF power amplifiers due to the development of new materials such as GaAs and indium phosphide (InP). Since the usage of these materials displays a superior level of integration with other electronic components, their popularity will increase in the coming years. According to Technavio’s market research analysts, this market will grow at a CAGR of close to 12% by 2021.
The consumer electronics sector in APAC region is witnessing an increasing demand for RFICs. This will boost the growth of the radio frequency integrated circuit (RFIC) market in this region. The production of radio frequency integrated circuits will continue to increase in the region throughout the estimated period due to the growing need for logic and multipoint control units (MCUs) in the automotive sector.
Competitive landscape and key vendors
The radio frequency integrated circuit (RFIC) market is highly competitive. Vendors in the radio frequency integrated circuits market are increasingly competing against each other based on factors such as price, innovation, quality and performance, and support services. The growing awareness about the new technologies such as IoT is driving the growth opportunity for new vendors, which will result in the entry of new vendors. This in turn, will further intensify the market’s competitive environment.
Key vendors in this market are -
- Infineon Technologies
- Qualcomm
- Broadcom (Avago Technologies)
- Qorvo
- Skyworks Solutions
- NXP Semiconductors
- STMicroelectronics
- Renesas Electronics
Segmentation by product and analysis of the RFIC market
- Transceivers
- Power amplifiers
- Wi-Fi
- Bluetooth
The demand for LTE-based tablets is increasing across the globe due to the deployment of next-generation LTE wireless networks. This in turn, has resulted in an increased adoption of RF power amplifiers. These amplifiers are used to support high-performance multimedia content delivery in consumer electronics. The increasing demand for radio frequency amplifier will drive the growth prospects for the RFIC market in this segment.
Segmentation by end-user and analysis of the RFIC market
- Mobile devices
- Wireless communications
The rising adoption of communication devices such as smartphones and tablets is driving the demand for RFICs in the mobile devices segment. The adoption of RFICs will increase in the forthcoming years due to the rising consumption of data through wireless networks via mobile phones. This will have a positive influence on growth of the radio frequency integrated circuits market.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global radio frequency integrated circuit (RFIC) market?
- What are the key market trends impacting the growth of the global radio frequency integrated circuit (RFIC) market?
- What are the challenges to market growth?
- Who are the key vendors in the global radio frequency integrated circuit (RFIC) market?
- What are the market opportunities and threats faced by the vendors in the global radio frequency integrated circuit (RFIC) market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global radio frequency integrated circuit (RFIC) market?
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