Radio Frequency Integrated Circuits (RFICs)

Global Radio Frequency Integrated Circuits (RFICs) Market to Reach US$34.8 Billion by 2030

The global market for Radio Frequency Integrated Circuits (RFICs) estimated at US$24.4 Billion in the year 2024, is expected to reach US$34.8 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2024-2030. RF Switches, one of the segments analyzed in the report, is expected to record a 7.4% CAGR and reach US$12.3 Billion by the end of the analysis period. Growth in the RF Transceivers segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.6 Billion While China is Forecast to Grow at 10.0% CAGR

The Radio Frequency Integrated Circuits (RFICs) market in the U.S. is estimated at US$6.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.5 Billion by the year 2030 trailing a CAGR of 10.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Radio Frequency Integrated Circuits (RFICs) Market - Key Trends & Drivers Summarized

Why Are RFICs Integral to Wireless Communication Technologies?
Radio Frequency Integrated Circuits (RFICs) are fundamental to the rapidly growing world of wireless communications. They form the basis of modern communication devices by enabling signal transmission and reception over radio frequencies. With the increasing adoption of technologies like 5G, RFICs have become indispensable in supporting the infrastructure for high-speed, low-latency connectivity. RFICs are also essential in satellite communications, military radar systems, and consumer electronics, where the transmission of high-frequency signals is critical. Their integration into devices such as smartphones, Wi-Fi routers, and GPS units illustrates their growing importance in the connectivity landscape.

How Is the Transition to 5G Impacting the RFIC Market?
The transition to 5G technology is one of the most significant factors influencing the RFIC market. 5G requires a substantial increase in bandwidth and frequency range, demanding advanced RFICs capable of handling the enhanced performance requirements. In addition to higher data rates, the need for wider coverage, improved power efficiency, and multiple-input multiple-output (MIMO) antenna technologies is pushing manufacturers to innovate and develop new RFIC designs. This evolution is also driven by the rise in demand for smart devices, including home automation, connected vehicles, and wearable electronics, all of which depend heavily on RFIC technology for efficient and stable connectivity.

What Innovations Are Reshaping the Development of RFICs?
RFICs have undergone significant advancements to keep up with the evolving communication standards and consumer demands. Innovations include the development of CMOS-based RFICs, which allow for the integration of digital and analog components on the same chip, providing cost-effective, high-performance solutions for modern devices. Advances in semiconductor materials like gallium nitride (GaN) are further enhancing RFIC performance, allowing for better power output and higher efficiency, particularly for high-frequency applications. Additionally, ongoing research into ultra-wideband (UWB) technology is expanding the capabilities of RFICs, particularly in providing precise indoor positioning and enhanced wireless data transmission rates.

What Drives the Growth in the RFIC Market?
The growth in the RFIC market is driven by several factors, including the rapid adoption of 5G technology, the proliferation of IoT devices, and the increasing need for high-frequency signal processing in modern communication networks. The expansion of smart cities and the deployment of connected infrastructure have also increased the demand for RFICs that can provide seamless, efficient communication across a wide area. Additionally, the military and aerospace sectors are embracing RFICs to support advanced radar systems and secure communication channels. The growing consumer preference for wireless solutions in personal and industrial applications further propels the market, pushing the development of cost-effective and highly integrated RFIC solutions to meet these demands.

SCOPE OF STUDY:

The report analyzes the Radio Frequency Integrated Circuits (RFICs) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (RF Switches, RF Transceivers, RF Modulators / Demodulators, RF Amplifiers, RF Mixers / Multipliers, Other Product Types); Application (Consumer Electronics Application, Telecommunications Application, Automotive Application, Media & Broadcasting Application, Industrial Electronics Application, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 52 Featured) -

• Analog Devices, Inc.
• Broadcom, Inc.
• Infineon Technologies AG
• Microchip Technology, Inc.
• Mouser Electronics, Inc.
• Murata Manufacturing Co., Ltd.
• NXP Semiconductors NV
• Qorvo, Inc.
• Renesas Electronics Corporation
• RFIC Solutions

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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