By the end of 2031, the global market for radio frequency integrated circuits (RFIC) is projected to be worth US$ 45 billion, growing at an estimated 8% CAGR from 2021 to 2031.

With the rising need for optical, wireless, and other high frequency consumer electronics devices during the past ten years, there has been a growth in the need for RFIC products.

In the frequency range of 900 MHz to 2.4 GHz, radio frequency integrated circuits are offered. Due to their capacity to function as application-specific integrated circuits (ASICs) and be configured for a variety of applications, RFICs are rapidly gaining favour in technological applications (ASICs).

Several semiconductor manufacturers are drawn to the infrastructure expansion occurring in both emerging and developed economies’ telecommunications sectors. A contemporary development in the telecom sector is the rollout of 5G and next-generation LTE networks. The launch of 5G networks by telecom providers was anticipated for 2018. It has been noted that semiconductor producers have started updating their product lines for infrastructure capable of supporting 5G.

Samsung Electronics Co., Ltd. has introduced 5G-capable RFICs in an effort to meet demand from the telecom sector. According to FMI study, RFIC makers have a lot of potential thanks to 5G-capable processors. As a result, RFIC producers can improve their product line and invest in the 5G market.

Key Takeaways: Radio Frequency Integrated Circuit Market

• Demand for RF amplifiers IC is estimated to surge. However, the RF switch IC segment is estimated to continue to hold a significant market share through 2031.
• The market for consumer electronics segment is expected to account for dominant share of 29% by 2031. Rising demand for consumer electronic products and the emergence of next-generation wireless devices are among major factors driving growth in the segment.
• While China is expected to remain dominant in East Asia, the demand in South Korea and Japan will rise at a higher pace.
• The market for radio frequency integrated circuit in GCC countries and the U.K. is expected to surge remarkably, exhibiting growth at around 13% and 8% CAGR, respectively.
• Radio frequency integrated circuit demand in Canada is anticipated to witness strong growth at over 7% CAGR between 2021 and 2031.
• The Mexico market for radio frequency integrated circuit is projected to grow at a remarkable CAGR of over 9% through 2031.

COVID-19 Impact Analysis on Radio Frequency Integrated Circuit Market

Public corporations faced challenges from a rapid drop in consumer demand, a continuing halt or reduction in onsite activity, and problems with the global supply chain while still prioritising employee safety and business continuity.

Manufacturers were forced to embrace technologies that would enable remote production capabilities without the need for investment in huge areas due to disruptions encountered by the supply chain around the world. As a result, market growth slowed down in 2020, but it is predicted to pick up again by the second half of 2021.

So, from 2019 to 2021, the radio frequency integrated circuit market is anticipated to increase by 4% to 5% YoY.

Advanced Packaging Technologies for RFIC

Competitive challenges in the present wireless market are pushing RF integrated circuit device electrical performance to new heights. At the same time, additional resources are being concentrated on finding solutions due to the packaging requirements for these RFICs.

As a result, a variety of wireless telecommunications applications require low cost, thermally efficient, miniaturised devices, which high frequency packaging is now called upon to deliver.

A variety of technologies are used in RFIC packaging, with some showing promise for future advancements. Multiple chip modules (MCM) in various forms, leadless array packaging, and thermally enhanced packaging in ceramic and laminate substrate materials are examples of advanced package technologies. For the worldwide RFIC market, these packaging tools have been opening up profitable new growth opportunities.

Who is Winning?

Some of the leading companies operating in the market are Infineon Technologies AG, Analog Devices, Inc., Texas Instruments, NXP Semiconductors, STMicroelectronics, Microchip Technology Inc., among others. In order to gain competitive advantage, some of the leading market players are focusing on business expansion to maintain their global presence.

• For instance, in May 2020, Murata started Kanazawa Murata Manufacturing Sendai Plant and established a new group company with the name of Sendai Murata Manufacturing Co., Ltd. The company aims to enhance the high-frequency electronic component business and ties to the local community as a production subsidiary of the Murata Manufacturing Group.

Radio Frequency Integrated Circuit Market by Category

By Product

• RF Transceivers IC
• RF Amplifiers IC
• RF Modulators/Demodulators IC
• RF Mixers/Multipliers IC
• RF Switch IC
• Others

By Application

• Consumer Electronics
• Telecommunication
• Automotive
• Media & Broadcasting
• Medical Devices
• Industrial Electronics
• Others

By Region

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

Information Source:
https://www.futuremarketinsights.com/reports/radio-frequency-integrated-circuit-market