LONDON, Dec. 7, 2016 /PRNewswire/ -- The microelectronics industry has experienced exponential growth in the packaging and fabrication technology over the past few years. The performance requirement, complexity and speed of RFICs have increased tremendously in past few years. Moreover, the price of the critical components used in RFICs manufacturing such as memory, logic functions, and central processing units (CPUs) has dropped considerably.
The increasing demand for optical, wireless, and other high frequency consumer electronic products has fuelled the growth of the global RF integrated circuits (RFIC) market in the recent years. The advancement in IC fabrication technology has boosted the cost and performance of RF integrated circuits in consumer electronics. Power amplifiers, in addition with transceivers are expected to grasp more than 40% of the total RFIC market share in mobile phones in 2020. The growing demand for connected mobile platforms, along with the increasing internet penetration has boosted the growth of RF IC in mobile phones. The 28 nanometer transceivers have higher penetration in consumer electronics, owing to small multichip packaging for sinking size requirement in consumer electronics along with the cost benefits
The growing internet usage has led service providers to provide higher bandwidth and high-speed internet. The advancement in internet of things (IoT) has significantly contributed to the growth of high bandwidth wireless communication market globally. The increasing penetration of IoT in industries and healthcare sector in the developing countries is expected to drive the growth of the RFIC market in motion control industry, during the forecast period. The expansion of 4G wireless communication in Western Europe has grown significantly in the past few years. 4G penetration in Western Europe countries has reached around 75% of the total population, as of 3rd quarter of the 2015. Moreover, the significant growth in 4G wireless communication standard is also expected from the developing countries of Asia-pacific. The wireless spectrum prices in India and China has decreased significantly over the past few years, which in turn is driving the high band width wireless communication market in the region
The overall RFIC market in developed countries is heading towards maturity, and is expected to witness an average growth rate, during the forecast period. The maturing market of RFIC in developed countries is due to the mature wireless communication market. Therefore, the high price sensitivity and competition is expected in the North American Radio Frequency Integrated Circuit market, during the forecast period. Asia-Pacific is expected to be the fastest growing RFIC market during the forecast period
Asia-Pacific accounted for the largest market share in the global RFIC market in 2015. The growing market of consumer electronics product in the region has increased the market penetration of RFIC. The Rest of the World market is expected to be the fastest growing regional market during the forecast period, owing to high demand of RFIC from Africa and Latin America. In Europe, Germany, France, and the U.K. are the major markets. The U.S. and Canada are the largest markets in North America
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 NV, TriQuint Semiconductor, Avango Technologies, and Skyworks Solutions, Inc.
Download the full report: https://www.reportbuyer.com/product/4402342/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-radio-frequency-integrated-circuits-market-size-share-development-growth-and-demand-forecast-to-2022---industry-insights-by-product-300375041.html