Press release
Radio Frequency Integrated Circuit Market Growth, and Forecast to 2027
Radio Frequency Integrated Circuit market
The global radio frequency integrated circuit market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
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Radio Frequency Integrated Circuits (RFIC) is used in electrical integrated circuit operating in a frequency range suitable for wireless transmission. Radio Frequency Integrated Circuits (RFIC) normally operates in between frequency range 300 MHz to 30 GHz.
Increasing R&D activities by major players for development of advanced electronic devices, growing Internet of Things (IoT) penetration in developing countries, and growing demand from consumer electronic industry are major factors driving growth of the global radio frequency integrated circuit market.
The market in Europe is expected to contribute significant revenue share to the global radio frequency integrated circuit market.
The market in Asia Pacific is expected to register faster growth, owing to increasing demand from consumer electronic sector in countries such as India and China. According to Indian Brand Equity Foundation Report Indian appliance and consumer electronics (ACE) market reached US$ 31.48 billion in 2017.
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