Radio Frequency Integrated Circuits (RFIC) refers to the integrated electrical circuit operating in a frequency range suitable for wireless transmission. The increasing demand for optical, wireless and other high frequency consumer electronic products has fuelled the growth of global RFIC market in the recent years. The advancement in IC fabrication technology has boosted the cost and performance of RFIC in consumer electronics. Power amplifiers combined with transceivers are expected to grasp more than 40% share of the total RFIC market in mobile phones by 2020. The growing demand for connected mobile platforms, along with the increasing internet penetration has boosted the growth in demand of RFIC 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 offer 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 overall RFIC market in developed countries is heading towards maturity and is expected to witness an average growth rate, in the coming years. The maturing market of RFIC in developed countries is due to the mature wireless communication market. Therefore, high price sensitivity and competition is expected in the North American RFIC market during the forecast period. RFIC market is expected to be witness the fastest growth in Asia-Pacific during the forecast period.
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.
