Radio Frequency Integrated Circuits Market To Grow To 8% CAGR Helped By Global Deployment Of LTE And 5G Networks: Future Market Insights Survey

DUBAI, United Arab Emirates, July 13, 2021 / PRNewswire / – IMF Presents Impressive radiofrequency integrated circuits market growth prospects for the assessment period 2021 to 2031. According to the study, the radio frequency integrated circuits (RFIC) market is expected to exceed an assessment of $ 20.7 billion by 2021, increasing to a CARG of over 8% over the forecast period in the comparison above 5.2% CARG recorded from 2016 to 2020.

The growing deployment of next generation wireless networks such as Long Term Evolution Networks (LTE) and 5G is one of the major factors driving demand for RFICs. The increasing adoption of LTE networks around the world has forced manufacturers of electronic devices and semiconductors to use new RFICs to make their products compatible with these networks. This will create opportunities for the growth of the RFIC market in the years to come.

The demand for RFICs will increase at a rapid rate due to the proliferation of consumer electronics devices such as laptops, personal desktops, cell phones, and data communication systems, among others. Since RFICs play an important role in improving efficiency and high frequency rectification, the increasing number of telecommunication devices and internet users will create lucrative sales opportunities for RFICs in the world. during the forecast period.

The consumer electronics industry is likely to dominate the application segment, accounting for 29% of RFIC demand in 2031. In addition, applications in medical devices will continue to grow at a CAGR of 9.4% between 2021 and 2031.

“To take advantage of the growing demand for connected devices and wireless products, major market players are focusing on strategic collaboration and acquisition with electronic device manufacturers. “ said the IMF analyst.

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Key points to remember from Radio frequency integrated circuit Market analysis

  • The United States dominates the market in North America, representing a market share of over 74% in the region until 2031.
  • Due to the development of information technology, UK RFIC demand is expected to increase at a CAGR of 8% during the forecast period.
  • GCC countries are expected to show growth at a CAGR of around 13.2%, helped by the increase in the number of telecommunications base stations and communications satellites.
  • China dominate the East Asia Pacific and is expected to have a market share of over 43% by 2031.
  • The IC radio frequency switch is expected to dominate the product segment, accounting for over 31% of the market by the end of 2021.

Key factors

  • Growing demand for wireless products and connected devices is driving sales of RFICs.
  • Massive adoption of LTE and 5G technologies is driving demand for RFIC products.
  • The continuous advancements of the automotive industry are driving the growth of the market.
  • The increase in applications in the consumer electronics industry is boosting sales of RFICs.

Key restrictions

  • The volatility of the cost of raw materials is slowing the growth of the RFIC market.
  • The COVID-19 outbreak has negatively impacted sales of RFICs amid the lockdown.
  • The growing demand for small-sized RFIC products poses a challenge for the growth of the market.

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Competitive landscape

Leading players operating in the RFIC market aim to establish strategic collaboration and acquisition with other market players to expand their market share and meet the growing demand of an expanding customer base. For example,

  • In October 2020, STMicroelectronics, a Franco-Italian multinational electronics and semiconductor company, has announced the acquisition of SOMOS Semiconductor, a specialist in power amplifiers and RF front-end modules. With this acquisition, STMicroelectronics strengthens its specialist staff, roadmaps and IP front-end modules for the Internet of Things (IoT) and 5G markets.
  • In May 2020, Murata, a Japanese company, announced the creation of a new group company, Sendai Murata Manufacturing Co., Ltd. The company aims to improve the high-frequency electronic components industry in the region.

Some of the major players operating in the Radio Frequency Integrated Circuits Market presented by FMI are:

  • Infineon Technologies AG
  • Analog devices, Inc.
  • Texas instruments
  • NXP semiconductors
  • STMicroelectronics
  • Renesas electronics
  • Microchip Technology Inc.
  • Silicon laboratories
  • Skyworks Solutions, Inc.
  • Samsung
  • Broadcom, Inc.
  • Cypress Semiconductor
  • AnSem SA
  • Maxim integrated
  • Murata Manufacturing Co., Ltd.

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More valuable information on Radio frequency integrated circuit Marlet

IMF in its new report offers an unbiased analysis of the global radio frequency integrated circuits market, analyzing the forecast statistics to 2021 and beyond. The survey reveals growth projections in the Radio Frequency Integrated Circuits market with detailed segmentation:

By product

  • RF IC transceivers
  • RF Amplifier ICs
  • RF Modulators / IC Demodulators
  • IC RF mixers / multipliers
  • RF switching integrated circuit
  • Others

By application

  • Consumer electronics
  • Telecommunication
  • Automotive
  • Media and dissemination
  • Medical equipement
  • Industrial electronics
  • Others

By region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (AEM)

Key questions addressed in the report

  • The report provides insight into the demand outlook of the Fiber Radio Frequency Integrated Circuit market for the forecast period 2021-2031
  • The market research also highlights the expected sales growth for the Radio Frequency Integrated Circuits market between 2021 and 2031.
  • The Radio Frequency Integrated Circuits market research identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluating the current market size and forecast and technological advancement within Of the industry
  • Analysis of radio frequency integrated circuits market shares, covering key companies in the sector and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

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