Global Radio Frequency Integrated Circuits (RFIC) Market to Witness 7% CAGR During 2016 - 2022: P&S Market Research

17 May, 2016, 10:30 ET from P&S Market Research

NEW YORK, May 17, 2016 /PRNewswire/ --

According to market research "Global Radio Frequency Integrated Circuits (RFIC) Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product (Power Amplifiers, Wireless USB, Transceivers, Mobile TV, Wi-Fi, ZigBee, Bluetooth, RF MEMS, NFC, Wi-MAX, GPS, Others)" by P&S Market Research, the global radio frequency integrated circuits market is expected to grow at a CAGR of 6.7% during 2016-2022.

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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. 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.

Explore the Potentials of RFIC Market at: https://www.psmarketresearch.com/market-analysis/frequency-integrated-circuits-market

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. The devices, such as smartphone, smart wrist wears and other smart wearable devices have very limited space for surface area and height. Thus, the small and thin package size of RFICs is placed at higher priority by market obligation.  .

Some of the major companies operating in the global radio frequency integrated circuits (RFIC) market include NXP Semiconductors, 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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SOURCE P&S Market Research