The radio frequency integrated circuit market is garnering substantial traction across the globe. Radio frequency integrated circuit (RFIC) is a chip that transmits and receives radio waves. RFIC chips are used in portable devices such as cellphones, Wi-Fi devices, wireless stations routers, telephones, satellite transceivers, microwave equipment, and many others. The market growth attributes to the rising uses of RFICs in various industry verticals, including consumer electronics, automotive, government, and defense.
Besides, rapid technological advances in wireless communication and the increasing adoption of consumer electronics are the major driving forces behind the growing market landscape. Moreover, the growing network of the universal mobile telecommunications system escalates the market growth. According to the well-known research firm - Market Research Future (MRFR), the global radio frequency integrated circuit market is poised to grow at 10.4% CAGR throughout the forecast period (2018-2023).
The increasing proliferation of LTE networks has forced the semiconductor and electronic device manufacturers to integrate more RFICs. This adoption of RFIC is expected to increase in the future, which would provide a huge impetus to the growth of the market. Another trend observed during the market analysis is the increasing deployment of next-generation Long-Term Evolution (LTE) wireless networks that would influence market growth.
Read more@ https://www.marketresearchfuture.com/reports/radio-frequency-integrated-circuit-market-7420
Radio Frequency Integrated Circuit Market – Segments
The report is segmented into three dynamics;
By Application: Global Positioning System (GPS), Near-field Communication (NFC), Radio Frequency Microelectromechanical System (RF Mems), Bluetooth, Wi-Fi, Wi-max, ZigBee, GPS, NFC, Power Amplifier, Transceiver, Wireless USB, and others.
By Vertical : Consumer Electronics, Automotive, Government, Defense, and others.
By Regions : Europe, North America, Asia Pacific, and Rest-of-the-World.
