Global Radio Frequency Integrated Circuit Market to Achieve CAGR of 9.7 By 2031 | CBI
Category : Semiconductor And Electronics | Published Date : Oct 2024 | Type : Press Release
Radio Frequency Integrated Circuit Market Scope & Overview:
Consegic Business Intelligence reports that the Global Radio Frequency Integrated Circuit Market was valued at USD 23,955.07 Million in 2022 and is expected to grow at a CAGR of 9.7%, reaching USD 54,158.05 Million by 2031. Radio Frequency Integrated Circuits (RFICs) are essential electronic components designed to handle radio frequency signals. These circuits operate at high frequencies ranging from several hundred MHz to GHz, offering advantages like high data transfer rates, efficient signal processing, and wide coverage.
The report comprises the Radio Frequency Integrated Circuit Market Share, Size & Industry Analysis, By Component (Amplifiers, Filters, Modulators/Demodulators, Switch, and Others), By Application (Wireless Communication and Connectivity, Radar System, Satellite Communication, and Others), By End-User (Telecommunication, Aerospace & Defense, Consumer Electronics, Automotive, Healthcare, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
The report contains detailed information on the Radio Frequency Integrated Circuit Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The rising demand for 5G infrastructure and advanced wireless communication technologies is a major driver of the RFIC market. Moreover, the increasing deployment of RFICs in automotive radar systems for collision avoidance and parking assistance is also spurring market growth.
Segmental Analysis :
Based on the components, the market is segmented into amplifiers, filters, modulators/demodulators, switches, and others.
- The amplifiers segment held the largest market share in 2022, driven by their use in improving signal quality, extending coverage, and enhancing reception.
- The filters segment is expected to grow at the fastest rate, fueled by their role in protecting circuits, reducing electromagnetic interference, and improving performance in consumer electronics and automotive applications.
Based on the application, the market is divided into wireless communication and connectivity, radar systems, satellite communication, and others.
- Wireless communication and connectivity accounted for the largest market share in 2022, driven by the growing adoption of RFICs in mobile phones, IoT devices, and network base stations.
- The radar system segment is anticipated to grow at the fastest rate, supported by the increasing use of RFICs in automotive and defense radar applications.
Based on the end-user, the market is divided into telecommunication, aerospace & defense, consumer electronics, automotive, healthcare, and others.
- The telecommunication segment held the largest market share in 2022, driven by the increasing deployment of 5G networks and advanced communication devices.
- The automotive sector is projected to grow at the fastest rate, supported by the rising adoption of RFICs in advanced driver assistance systems (ADAS) and autonomous driving technologies.
Based on regions, the global market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
- North America accounted for the largest market share in 2022, driven by the presence of key industry players and the deployment of RFICs in the telecommunication and aerospace sectors.
- Asia Pacific is expected to witness the fastest growth due to rapid industrialization, growth in consumer electronics, and increasing investments in the telecommunications and automotive sectors.
| Report Attributes | Report Details |
| Study Timeline | 2017-2031 |
| Market Size in 2031 | USD 54,158.05 Million |
| CAGR (2024-2031) | 9.7% |
| By Component | Amplifiers, Filters, Modulators/Demodulators, Switch, Others |
| By Application | Wireless Communication and Connectivity, Radar Systems, Satellite Communication, Others |
| By End-User | Telecommunication, Aerospace & Defense, Consumer Electronics, Automotive, Healthcare, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Radio Frequency Integrated Circuit Industry:
- Taiwan Semiconductor Manufacturing Company Limited
- Tokyo Electron Limited
- Intel Corporation
- Lam Research Corporation
- Motorola Solutions Inc.
- Applied Materials Inc.
- KLA Corporation
- STMicroelectronics
- SOITEC
- Samsung
Recent Industry Developments :
- In October 2021, Qualcomm Technologies Inc. launched its ultraBAW RF filter technology optimized for frequency bands up to 7 GHz, enhancing 5G and wireless communication systems.
