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Jan. 21, 2020, 7:42 a.m. EST

RFIC Market 2020 SWOT Analysis and Competitive Landscape By 2023| Worldwide Overview By Global Leaders, Drivers-Restraints, Emerging Technologies, Major Segments and Regional Trends

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Jan 21, 2020 (AB Digital via COMTEX) -- Global RFIC Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Cree, Inc. (US), Qualcomm Technologies Inc. (US), Infineon Technologies AG (Germany), Silicon Laboratories (US), Qorvo, Inc. (US), STMicroelectronics (Switzerland), OctoTech Inc. (US), Skyworks Solutions Inc. (US), Peak RF (UK), NXP Semiconductors (US), Analog Devices, Inc. (US), and Broadcom Inc. (US), Renesas Electronics Corporation (Japan), Kangxi Communication Technology Co. Ltd. (China), Samsung Electronics Co (South Korea), and others are some renowned RFIC market key players.

These companies were identified by MRFR, on the basis of origin and franchisees across different regions. Key developments and ongoing trends are also discussed in the report. The report cites contributions of these well-established companies that aid them make better business decisions.

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Market Research Future (MRFR), in its latest “Radio Frequency Integrated Circuit (RFIC) Market” report, states major propellers and growth inhibitors of the market. Market players and their contributions are also discussed in the report. MRFR findings reveal that the global radio frequency integrated circuit market is expected to strike a 10.4% CAGR in the review period (2018 to 2023). RFICs offer functions, such as signal filtering, amplification, and frequency conversation that are extensively deployed in smart gadgets. In addition, sales of consumer electronics is also high. Thus, the worldwide market of radio frequency integrated circuit is expected to experience a surge in its valuation by 2023. The ongoing trend of autonomous vehicle can promote the RFIC market growth in the foreseeable future.

Intended Audience

  • Government Agencies

  • RFIC Service/Solution Providers

  • RFIC manufacturing companies

  • Semiconductor manufacturers

  • Electronic device manufacturers

  • System Integrators

  • Research Institutes and Organizations

  • Technology Standards Organizations

  • Venture capitalist/angel investors

Segmental Outline

The segmental study of global RFIC market is based on vertical and application.

By application, the segments of the global RFIC market are transceiver, power amplifier, Bluetooth, ZigBee, Wi-Fi, Wi-max, Near-field communication (NFC), radio frequency microelectromechanical system (RF Mems), Global Positioning System (GPS), and others. In recent times, GPS is being extensively used across sectors, such as aviation and e-commerce, for reliable navigation and active tracking, respectively. Wireless connectivity, such as WiFi and Bluetooth, are gaining high popularity among people due to the benefit of convenience. NFC has the ability to bootstrap wireless connections, thus their demand is surging. RF mems bid high isolation and low insertion that make them ideal for portable wireless systems. Hence, these factors explain how the application segment of the market is making significant contribution to the global RFIC market.

By vertical, the segments of the global RFIC market are automotive, government and defense, consumer electronics, and others. The demand for smart infotainment systems in modern car models is surging. Thus, RFIC is application in the automotive industry is rising, which is likely to impact the global market. RFICs are extensively used in communication gadgets. High smartphone and laptop ownership can cause the electronics segment to generate high profits for the global market.

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