RF IC: Key market research findings
- Deployment of next-gen LTE networks drives market growth
- Transceivers account for a majority of the market’s revenue
- Key vendors – Infineon Technologies, Qualcomm, Avago Technologies, Qorvo, Skyworks Solutions, NXP Semiconductors, STMicroelectronics, and Renesas Electronics
Technavio’s market research analysts predict the global market for RF IC to grow at a CAGR of around 12% between 2016 and 2020. The deployment of next-generation LTE networks is the primary driving force behind the growth of this market. LTE-based computing devices allow consumers to upload and download music and photographs, play games online with minimum signal interference, and watch online TV shows uninterrupted. This has created an opportunity for manufacturers of transceiver chips to offer solutions that address the consumer needs for faster and smoother access to mobile data. Currently, the global RF IC market is dominated by the APAC region by accounting for almost 70% of the overall market share. Factors such as growing demand for RF IC’s in the consumer electronics segment and increasing need for logic and multipoint control units (MCUs) in the automotive segment in the region will fuel further growth of the RF IC market in APAC by 2020.
The new market research report from Technavio presents a breakdown and analysis of the RF IC segments based on the product.
“Government organizations worldwide are investing heavily in the development of smart cities or connected cities. They require public Wi-Fi networks to provide various services to consumers such as access to education, safety and security, and water management, traffic management, infrastructure management, and healthcare. The resultant upsurge in the demand for Wi-Fi routers will create demand for high powered transceiver chips for transmitting and receiving data signals from various connected smart devices,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
At present, the transceiver segment dominates the global RF IC market by accounting for more than 30% of the overall market revenue. Transceiver chips are a crucial component for any electronic device. Hence, with the growing demand for new age electronic devices such as smartphones, smart TVs, set-top boxes, and laptops, the requirement for transceiver chips will show an upward trend in the forecast period. According to our research analysts, it will be also be a major revenue contributor during the forecast period.
The key vendors in the global RF IC market comprise of Infineon Technologies, Qualcomm, Avago Technologies, Qorvo, Skyworks Solutions, NXP Semiconductors, STMicroelectronics, and Renesas Electronics. Vendors compete on the basis of innovation, price, quality and performance, and support services. However, buyers of RF IC chips, such as consumer electronics manufacturers and automobile manufacturers across developed and emerging regions, have a different set of priorities based on the region’s buying criteria of consumers. For instance, in APAC, consumers are price-sensitive, while in the Americas, innovation and the performance benefits of such products are the prime factors influencing the buying decisions of the consumers.
A more detailed analysis is available in the Technavio report, Global RF IC Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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