Global RadioFrequency Integrated Circuits Market Overview
Radio-frequency integrated circuits are commonly used in mobile phones and wireless devices. Radio frequency integrated circuits generally run in between frequency range 300 MHz to 30 GHz. Radio frequency integrated circuits are widely used by electronic industry and telecommunication industry.
Increasing growth of smaller and power sensitive wireless communication devices is major factor driving growth of the global radio-frequency integrated circuits market. In addition, increasing technological advancements in radio-frequency integrated circuits such as nonlinearity, sensitivity, and dynamic range are factor propelling growth of the target market. Furthermore, growing internet of things penetration across the globe is boosting demand for electronic industry and in turn supporting growth of the target market. Moreover, technological advancement in radio-frequency integrated circuits such as improving superior linear performance, low loss and high power capability are factors expected to boost growth of the global market in near future. Furthermore, increasing research and development activities by major players, along with growing mergers and acquisitions among regional and international players are expected to boost demand for radio-frequency integrated circuits is an opportunity for global radio-frequency integrated circuits market in near future.
Global radio-frequency integrated circuits market has been segmented on the basis of product type, end-use industry, and region.
On the basis of product type, the target market classified into transceivers, power amplifier, wireless chips, and bluetooth chips. Based on end-use industry, the target market bifurcated into consumer electronics, telecommunication, media and broadcasting, automotive, and government. Among types, wireless chips hold largest market share in terms of revenue as compare to other types and expected to significance growth rate over the forecast period. This is attributed to increasing demand for wireless devices such as wireless headphones, wireless loudspeakers and many more.
On the basis of region, the global radio-frequency integrated circuits market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The 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. This is attributed to rising demand from telecommunication industry in this region. The market in Europe expected to contribute lucrative revenue share to the global radio-frequency integrated market. The market in Asia Pacific is also expected to register significant revenue share growth, owing to rising demand from electronic sector in this region.
Key players in the global radio-frequency integrated circuits market include NXP Semiconductors; STMicroelectronics; Analog Devices, Inc.; Samsung Electronics Co., Ltd.; QUALCOMM Incorporated; Skyworks Solutions; SILICON LABORATORIES INC.; Maxim Integrated; Cree, Inc. and TriQuint Semiconductor Qorvo, Inc.
FAQs
The Radio-Frequency Integrated Circuits Market is segmented into product type, end-use industry, and region.
Factors include the demand for wireless communication, advancements in 5G technology, and the proliferation of IoT devices, driving global growth in the radio-frequency integrated circuits market.
Challenges include design complexity, potential interference issues, and competition from alternative technologies, posing restraints on the global market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, NXP Semiconductors; STMicroelectronics; Analog Devices, Inc.; Samsung Electronics Co., Ltd.; QUALCOMM Incorporated; Skyworks Solutions; SILICON LABORATORIES INC.; Maxim Integrated; Cree, Inc. and TriQuint Semiconductor Qorvo, Inc.