Radio Frequency Integrated Circuits (RFICs) Market Growth Size Estimated to Expand at Incredible CAGR through 2030 Crypto Briefing

“Radio Frequency ICs are the building blocks of components that enable long-range connectivity like LTE networks and short-range connectivity like Bluetooth and Wi-Fi in computing devices. Radio frequency integrated circuits are mainly used in devices that perform functions such as amplification, frequency conversion and signal filtering.

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Rising demand for optical, wireless, and other high-frequency consumer electronics has fueled the growth of the global RF Integrated Circuit (RFIC) market in recent years. Advancement in IC manufacturing technology has increased the cost and performance of RF ICs in consumer electronics.

In this report, the global Radio Frequency Integrated Circuits market is segmented 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 transceiver sub-segment is accelerating the growth of the global radio frequency IC market as high-speed serial transceivers form the backbone of networks. Communications, servers, and many other electronic systems depend on high-speed serial transceivers. Additionally, the global adoption of the Internet is rapidly driving the use of advanced radio frequency integrated circuits.

Based on the vertical, the radio frequency IC market is sub-segmented into consumer electronics, telecommunications, media and broadcasting, automotive, government, and others. Due to the growing demand from consumer electronics manufacturers, the consumer electronics segment is expected to register a high growth CAGR of 7.1% during the forecast period.

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Based on geography, the North American radio frequency IC market is expected to dominate the global radio frequency IC market owing to the advent of next-generation technological advancements in the country. The radio frequency IC market has enormous potential in China owing to major technological advancements in the telecommunications industry and the increase in smart city projects in the country. In recent years, China has seen strong growth in the radio frequency integrated circuit market. Japan is expected to post a single-digit growth rate over the forecast period.

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Some prominent key players in the market are Texas Instruments Incorporated; NXP Semiconductors; STMicroelectronics; Analog Devices, Inc.; Samsung Electronics Co., Ltd. ; QUALCOMM incorporated; Skyworks Solutions; SILICON LABORATORIES INC. ; Integrated Maxim; Cree, Inc. and TriQuint Semiconductor (Qorvo, Inc.).

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