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Status : Published Published On : Jan, 2024 Report Code : VRSME9021 Industry : Semiconductor & Electronics Available Format : Page : 130
2025
2030

Global Radio Frequency Integrated Circuits (RFIC) Market – Analysis and Forecast (2025 – 2030)

Industry Insights by Product (Transceivers, Wireless USB, Wi-Fi, ZigBee, Near Field Communication (NFC), Bluetooth, RF MEMS, Wi-MAX, Power Amplifiers, Mobile TV, GPS and Others), by Application (Mobile, Tablet, Others)

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Industry Overview

The Radio Frequency Integrated Circuits (RFIC) Market is projected to experience substantial growth in the coming years. By 2030, it is anticipated to reach a remarkable valuation of USD 68.6 billion, with an estimated revenue of USD 48.3 billion in 2023. Renesas Electronics Corporation is expected to witness a robust compound annual growth rate (CAGR) of 6.8% during this forecast period. This growth can be attributed to several factors, including the rising demand from emerging economies, the increasing adoption of Internet of Things (IoT) solutions, and the expanding internet penetration worldwide. RFIC circuits play a crucial role in various operations such as signal filtering, frequency conversion, and amplification, contributing to their extensive usage across industries.

Radio Frequency Integrated Circuits (RFIC) Market

Market Segmentation

Insight by Product

On the basis of product, the RFIC market is segmented into transceivers, wireless USB, Wi-Fi, ZigBee, NFC, bluetooth, RF MEMS, Wi-MAX, power amplifiers, mobile TV, GPS, and others. Among all of these segments, power amplifiers hold the largest share in the market. Moreover, it has been observed that transceivers are expected to witness significant demand during the forecast period due to increasing requirement of small multichip packaging for small electronic devices.

Insight by Application

Based on application, the market is categorized into mobile, tablet and others, of which the mobile category is the largest contributor and also predicted to witness the highest growth during the forecast period. The high demand for RFIC in mobile devices is primarily due to the increasing internet penetration and number of smart phone users, and increasing adoption of connected devices.

Global Radio Frequency Integrated Circuits (RFIC) Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  48.3 Billion

Revenue Forecast in 2030

U.S.D.  68.6 Billion

Growth Rate

6.8%

Segments Covered in the Report

By Product and By Application

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Growth Drivers

Increasing utilization of latest technology such as internet of things (IoT) in emerging economies is the key factor that is driving the growth of the RFIC market. The increasing utilization of internet has stimulated the service providers across the globe to provide internet with high speed and higher bandwidth. The increasing growth of wireless communication market is also supporting the growth of the RFIC market. The excessive adoption of wireless systems in healthcare industry is performing a significant role in transferring of information in an effective manner. Additionally, prices of wireless spectrum in China and India is driving the demand of high bandwidth wireless communication systems, thus driving the growth of the RFIC market.

Challenges

The lack of international standardization is the major factor hampering the growth of the RFIC market, across the globe. Moreover, high initial cost pertaining to the setting of RFIC system also restrains the RFIC market growth.

Industry Ecosystem

Globally industry players are leveraging market growth through the establishment of long-term contracts with business partners. This is helping the business organizations to develop new innovation strategies and increase their overall revenue, thus, enabling the vendors to expand their market base across the globe.

Geographic Overview

Geographically, Asia-Pacific is the largest RFIC market across the globe and is also predicted to witness significant growth during the forecast period. The presence of large number of OEMs in the region, increasing internet penetration, and increasing automation in supply chain management are leading to the high demand for RFIC technology in the region. The RFIC market in Latin America and Middle East and Africa will also witness significant growth in the coming years owing to the large unexplored territories and developing information and communication technology infrastructure in the region.

Competitive Insight

Some of the major players operating in the global RFIC market include Infineon Technologies AG, TriQuint Semiconductor, Qualcomm Technologies, Inc., Skyworks Solutions, Inc., NXP Semiconductors N.V., Silicon Laboratories Inc., Avango Technologies, STMicroelectronics NV, and Renesas Electronics Corporation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.

The Radio Frequency Integrated Circuits (RFIC) Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Product
    • Transceivers
    • Wireless USB
    • Wi-Fi
    • ZigBee
    • Near Field Communication (NFC)
    • Bluetooth
    • RF MEMS
    • Wi-MAX
    • Power Amplifiers
    • Mobile TV
    • GPS
    • Others
  • By Application
    • Mobile
    • Tablet
    • Others

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

Radio Frequency Integrated Circuits (RFIC) Market Size

Source: VynZ Research

Radio Frequency Integrated Circuits (RFIC) Market Analysis

Source: VynZ Research

Frequently Asked Questions

What is the growth rate of the Radio Frequency Integrated Circuits (RFIC) Market?

The global RFIC market is growing at a CAGR of 6.8% during the forecast period due to the increasing demand from emerging economies, increasing adoption of IoT solutions and increasing internet penetration across the globe.

Which are the major Application for this market?

Based on application, the market is categorized into mobile, tablet and others, of which the mobile category is the largest contributor and also predicted to witness the highest growth during the forecast period.

Which are the major companies operating the market?

The key players operating in the RFIC market include Infineon Technologies AG, TriQuint Semiconductor, Qualcomm Technologies, Inc., Skyworks Solutions, Inc., NXP Semiconductors N.V., Silicon Laboratories Inc., Avango Technologies, STMicroelectronics NV, and Renesas Electronics Corporation.

What are the major strategies opted by the leading players in this market?

Globally industry players are leveraging market growth through establishment of long-term contracts with business partners.

Which region offers greater investment opportunities in the near future?

The RFIC market in Latin America and Middle East and Africa will also witness significant growth in the coming years owing to the large unexplored territories and developing information and communication technology infrastructure in the region.

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