Global Radio Frequency Integrated Circuit Market Trends, Applications, Analysis, Growth, and Forecast to 2027

Global Radio Frequency Integrated Circuit Market Overview

"The Radio Frequency Integrated Circuit Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact to make informed forecasts about the scenarios in the future.

Radio Frequency Integrated Circuits (RFIC) is used in electrical integrated circuit operating in a frequency range suitable for wireless transmission. Radio Frequency Integrated Circuits (RFIC) normally operates in between frequency range 300 MHz to 30 GHz.

Increasing R&D activities by major players for development of advanced electronic devices, growing Internet of Things (IoT) penetration in developing countries, and growing demand from consumer electronic industry are major factors driving growth of the global radio frequency integrated circuit market.

In addition, wide applicability of radio frequency integrated circuit in various industries such as telecommunication, automotive, and media and broadcast is another factor expected to support growth of the global radio frequency integrated circuit market. Moreover, growing trend for wireless communication devices in developing countries resulting in increasing adoption from electronic devices manufacturers, is further expected to support growth of the global radio frequency integrated circuit market

However, design complexity resulting in weak signal or signal loss, which is a major factor expected to hamper growth of the global radio frequency integrated circuit market to certain extent.

Increasing R&D activities by major players and growing mergers and acquisitions among regional and international players are expected to create new opportunities in terms of revenue for players operating in the global radio frequency integrated circuit market over the forecast period.

The market in North America is expected to dominate the global radio frequency integrated circuit market in terms of revenue and is expected to continue its dominance over the forecast period. The dominance can be attributed to growing demand from telecommunication sector and presence of prominent players operating in economies in this region.

The European market is expected to contribute significant revenue share to the global radio frequency integrated circuit market. The market in Asia Pacific is expected to register faster growth, owing to increasing demand from consumer electronic sector in countries such as India and China. According to Indian Brand Equity Foundation Report Indian appliance and consumer electronics (ACE) market reached US$ 31.48 billion in 2017.

Global Radio Frequency Integrated Circuit (RFIC) Market Segmentation:

By Product Type:

• Transceivers
• Power Amplifier
• Wireless Chips
• Bluetooth Chip

By End-use Industry:

• Consumer Electronics
• Telecommunication
• Media and Broadcasting
• Automotive
• Government

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa