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Radio Frequency Integrated Circuits (RFIC) Market Is Growing at a CAGR of 6.7% During 2018 – 2022; Radio Frequency Integrated Circuits (RFIC) Market Opportunities and Demand by 2022
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The Wi-Fi product segment is expected to witness a considerable growth during the forecast period. The growing demand for combo RFIC in consumer electronics, including Wi-Fi, NFC, Bluetooth and GPS, is expected to boost the growth of the global market during the forecast period. The demand for standalone Bluetooth is mainly expected from automotive, printers, and wireless headsets, owing to the low cost of Bluetooth along with low power consumption of the standalone Bluetooth.
Despite the slow growth, the NFC market has grown over the past few years, owing to their increasing market penetration in Asia-Pacific. Moreover, with the growing smartphone shipments, the NFC market is expected to witness considerable growth during the forecast period. In spite of its technical benefits, the ZigBee technology has not grown as per the market requirement, owing to the non-user friendly design in addition to cost-effective and power efficient substitutes of ZigBee, such as Bluetooth. However, the ZigBee technology is expected to witness growth in the security and surveillance sector during the forecast period.
The RF Micro-Electro-Mechanical Systems (MEMS) segment accounted for small share in the global RFIC market; however, it has grown significantly during the past few years, owing to their wide adoption in the automotive infotainment applications. The growing demand of RFIC in the consumer electronics has led to high volume production of RFICs in the recent years.
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Some of the major companies operating in the global radio frequency integrated circuits (RFIC) market include, Infineon Technologies AG, Qualcomm Technologies Inc., Renesas Electronics Corporation, Silicon Laboratories, STMicroelectronics N.V., TriQuint Semiconductor, Avango Technologies, and Skyworks Solutions Inc.
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