RF Die Products Market Analysis 2020: By Keyplayers Benelli, BMW, Broadcom, Inc., Custom Wolf, Ducati, Fujitsu Limited, Harley-Davidson, Honda, Husqvarna Motorcycles, International Quantum Epitaxy Plc, Kawasaki, Murata Manufacturing Co. Limited, NXP Semic

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RF die products are electronic devices which are used to receive and transmit signals between two devices. There are different types of RF die products such as power amplifiers, filters, frequency multiplier and attenuator. Power amplifiers are the most common type of RF die products which are used to increase the magnitude of power of input signals. RF die products are used in wireless data transmissions, digital video/audio transmission, digital home automation such as remote light/switch, wireless home security systems and wireless fire protection systems.

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Major players operating in the global RF die products market are Benelli, BMW, Broadcom, Inc., Custom Wolf, Ducati, Fujitsu Limited, Harley-Davidson, Honda, Husqvarna Motorcycles, International Quantum Epitaxy Plc, Kawasaki, Murata Manufacturing Co. Limited, NXP Semiconductors N.V., and Renesas Electronics Corporation.

The  global RF die products market is expected to witness significant growth during the forecast period (2020-2027). The market growth is majorly attributed to the increasing sale of smart phones around the globe. In recent years, the smart phone market has shown significant growth in terms of revenue due to constant product developments by manufacturers to offer improved performance, long battery life and more AI features. According to the Coherent Market Insights analysis, number of smart phones users in 2019 were 3.3 Billion across the globe. The number of smart phone users are also expected to grow at a CAGR of 7.9% during the forecast period. RF die products such as low power Integrated Circuits are used to improve the battery life. These factors are expected to aid positive growth of the RD die products market during the forecast period.    

Rise in the cost of raw materials required for production of RF die products are expected to restrain the market growth during the forecast period. Raw materials required in the production of the RF die products include silicon wafers, chemicals, and photoresist materials. For instance, according to Coherent Market Insights' 2020 analysis, the price of the silicon wafers is expected to increase at a CAGR of 4.8% during the forecast period owing to the increasing demand of RF die products from smart phone manufactures.

Statistics:

North America held dominant position in the global RF die products market in 2019, accounting for 34.7% share in terms of value, followed by Europe and Asia Pacific, respectively.

The increasing number of Internet users is expected to show a significant market growth during the forecast period.

North America held a dominant position in the global RF die products market in 2019, and is expected to retain its dominance over the forecast period. This is attributed to the increasing number of internet users in the North America region. In 2017, according to the International Telecommunication Union (ITU), the percentage of people using internet in the U.S. and Canada was 76.1% and 91.6% respectively. This percentage is expected to increase during the forecast period. People access the internet from smart phones and WIFI routers. Wi-Fi is a registered name for RF communication. In Wi-Fi connections, RF die products such as RF transmitters and receiver are used to send or receive signals.

Asia Pacific is expected to witness the highest growth rate during the forecast period due to the growing consumer electronics industry in this region. According Coherent Market Insight analysis, Consumer Electronics Industry is Asia Pacific accounted for US$ 207, 155 Million by revenue in 2019 and expected to grow at a CAGR of 3.8% during the forecast period. RF Die Products are widely used in the electronic products such as Laptop, Cellphone and Microwaves.

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Increasing demand of the Power amplifiers owing to its wide applications in the Consumer Electronics is expected to show a significant growth during the forecast period

Among type, the power amplifier segment accounted for 27.3% of the market share in 2019. Moreover, the filters segment is expected to be the fastest growing segment exhibiting the highest CAGR of around 21.3% during the forecast period.
Power amplifiers are used in electronics products such as smart TVs, Global Systems Mobile Communications and microwaves. According to the Coherent Market Insights analysis, global smart TV market was valued at US$ 197.3 Billion in 2019 and expected to register a CAGR of 8.9% during forecast period. The growth of the smart TV market is attributed to the improving standard of living around the globe. The RF die products used in the manufacture of smart TVs are antenna switches, filters, and power amplifiers.

The global RF die products market was valued at US$ 22.8 Bn in 2019 and is expected to reach US$ 63.9 Bn by 2027 at a CAGR of 13.7% between 2020 and 2027.

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This release was published on openPR.