RFIC Market Is Estimated To Expand At A Healthy CAGR In The Upcoming Forecast Period 2018-2023

The global radio frequency integrated circuits market is expected to grow at a CAGR of 6.7% during 2016-2022. Among the various products, the transceiver segment accounted for largest share in the global radio frequency integrated circuits (RFIC) market in 2015.

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.

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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.

From technical point of view, the improvement in sensing capacity, along with reduction in the average cost and package size of the RFICs has led to their wide adoption in the consumer electronics market.

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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.

Global Radio Frequency Integrated Circuits (RFIC) Market Segmentation
By Product

• Power Amplifier
• Wireless USB
• Transceiver
• Mobile TV
• Wi-Fi
• ZigBee
• Bluetooth
• RF MEMS
• NFC
• Wi-MAX
• GPS
• Others

Global Power Amplifier Market Segmentation
By Application

• Mobile Phone
• Tablet
• Add-on Card
• Others

By Module

• GSM (GPRS/EDGE)
• UMTS
• LTE
• CDMA 2000
• TD SCDMA
• Others