Global Radio Frequency Integrated Circuit Market growing at a CAGR of 9.7% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Dec 2023
Key Market Overview
The Global Radio Frequency Integrated Circuit Market was valued at USD 23,955.07 Million in 2022, projected to grow by USD 25,733.97 Million in 2023, and is expected to register a compound annual growth rate of 9.7% to reach USD 54,158.05 Million in 2031.
The report highlights the increasing adoption of radio frequency integrated circuit in telecommunication, automotive, healthcare, other sectors. Consegic Business Intelligence provides an inclusive research report on the radio frequency integrated circuit market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Radio Frequency Integrated Circuit Market By Overview
The report analyses significant segments such as component, application, end-user, and region, to identify emerging trends and potential opportunities. The component segment is expected to grow due to the increasing adoption of RF amplifiers in telecommunication, aerospace & defense, consumer electronics, healthcare, and other industries. Moreover, the rising advancements related to RF filters and increasing deployment of RF filters in automotive, telecommunication, consumer electronics, and other industrial applications is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of radio frequency integrated circuit in telecommunication industry is driving the market growth.
- Growing automotive sector is spurring the market growth.
Restraints:
- Limitations and operational challenges associated with radio frequency integrated circuit are restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| 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 |
Competitive Landscape :
The global radio frequency integrated circuit market is highly competitive due to the presence of major players such as Qorvo Inc., NXP Semiconductors, Qualcomm Technologies Inc., Broadcom, Infineon Technologies AG, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in radio frequency integrated circuit market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Qorvo Inc.
- NXP Semiconductors
- Qualcomm Technologies Inc.
- Broadcom
- Infineon Technologies AG
- Microchip Technology Inc.
- Renesas Electronics Corporation
- STMicroelectronics
- Silicon Laboratories
- Texas Instruments Incorporated