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Is the IC and RFIC designing services Market Gaining Worth Worldwide? | CoreHW, Evatronix SA, RADLogic

11-29-2023 12:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Is the IC and RFIC designing services Market Gaining Worth

Market Overview:

The IC and RFIC designing services market involves designing of integrated circuits (ICs) and radio frequency integrated circuits (RFICs) used in various electronic devices. ICs and RFICs are designed to perform digital and analog functions.

Market Dynamics:

The IC and RFIC designing services market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, the growing adoption of smart electronic devices such as smartphones, laptops, tablets, smart home devices and wearables is fueling the demand for ICs and RFICs. Semiconductor firms are developing more advanced ICs and RFICs to enhance the functionality of these devices. Secondly, advances in wireless communication technologies such as 5G networks require sophisticated RFIC designs to achieve higher bandwidth and low latency. IC and RFIC design firms are focusing on developing RFICs that support these latest wireless communication standards.

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The growing demand for smartphones and other mobile devices drives the IC and RFIC Designing Services Market

The demand for integrated circuits and radio frequency integrated circuits is experiencing significant growth due to the rising sales of smartphones, tablets and other mobile computing devices globally. Mobile devices require complex IC designs to support multiple wireless communication technologies as well as advanced processor and graphics capabilities. IC designers help electronic product companies design specialized chips that meet the precise technical requirements for their devices while delivering optimal performance and power efficiency. As the capabilities and functionality of mobile devices continue evolving rapidly, it will spur more demand for customized IC design services from firms in this industry.

Increasing integration of wireless technologies into various products boosts the IC and RFIC Designing Services Market

Wireless connectivity is becoming integrated into a wider range of products beyond just mobile devices. Applications such as WiFi, Bluetooth, GPS and cellular radios are now commonly found in consumer electronics, home/building automation systems, industrial equipment and automotive. This increased usage of wireless radio frequencies necessitates RFIC designs that can support compact and power-efficient integration of various wireless standards. IC design service providers play a key role in helping product manufacturers add wireless functionality without comprising size or battery life. The proliferation of wireless technologies across industries ensures growing need for RFIC design expertise, which benefits the overall market.

Supply chain disruptions pose a challenge for the IC and RFIC Designing Services Market

The IC and RFIC design industry remains heavily dependent on a complex global supply chain for sourcing raw materials, manufacturing chips as well as assembly and testing. Any major disruptions or instability in this supply chain can adversely impact the delivery of IC design services. In recent times, issues such as the ongoing semiconductor chip shortage, geopolitical tensions and trade policies have caused suppliers to reallocate resources, resulting in delays and shortages. Moreover, public health crises like the Covid-19 pandemic can suddenly halt cross-border movement of people and goods. This increases uncertainties and operational challenges for IC design firms reliant on a smooth supply chain. Maintaining supply chain resilience is a key restrain that needs addressing for sustainable long term market growth.

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Focus on advanced process technologies presents a major opportunity for the IC and RFIC Designing Services Market

Semiconductor foundries and integrated device manufacturers are heavily investing in R&D to develop more advanced fabrication process technologies like 5G, 7nm and below, that can enable even higher performance ICs. Shifting to newer nodes allows producing chips with many billions of transistors in a small silicon area. It also improves power efficiency and wireless capabilities. However, designing ICs targeted for advanced process technologies requires highly specialized skills and software tools. This technical expertise gap provides a big opportunity for IC design service providers to support chipmakers and products companies through the transition. Collaborating with foundries and device manufacturers during technology development similarly benefits IC designers through early access and refined skillsets.

Growing adoption of AI/ML applications drives the trend towards specialized IC designs

Artificial intelligence and machine learning have emerged as major long term technology trends greatly impacting many industries. However, training complex AI models requires specialized hardware accelerators to achieve high performance with reasonable power budgets. This is driving companies to increasingly outsource their AI/ML chip design needs. Specialized IC designs focused on emerging AI workloads like computer vision, speech recognition etc are well positioned to benefit. IC design service providers specializing in domains like neuromorphic engineering, in-memory computing and AI processor architecture will see more opportunities. Moreover, AI chips integrated into consumer devices like smartphones also augments the requirement for customized RFIC design expertise in this market.

The major players operating in the market include:

➱ AnSem
➱ Australian Microwave Components
➱ Cadence Design Systems Inc.
➱ Cirtec Medical
➱ CoreHW
➱ Custom MMIC
➱ Evatronix SA
➱ IC Mask Design Ltd
➱ Mentor
➱ a Siemens Business
➱ Plan 9
➱ RADLogic
➱ RFIC Solutions
➱ Signal Processing Group Inc.
➱ SM Technologies Pvt. Ltd
➱ TES Corporation.

These companies are focusing on new product development, partnerships, collaborations, and mergers and acquisitions to increase their market share and maintain their position in the market.

Global IC and RFIC Designing Services Market Segmentation:

On the basis of product type, the global IC and RFIC designing services market is segmented into

◘ Digital Design
◘ Analog and Mixed Design

On the basis of application, the global IC and RFIC designing services market is segmented into

◘ Circuit Design
◘ Layout Design
◘ Package Design
◘ Others

On the basis of end user, the global IC and RFIC designing services market is segmented into

◘ Consumer Electronics
◘ Data Centers
◘ Automotive
◘ Smart Devices
◘ Others

Market segment by Region/Country including:

- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America (Brazil, Argentina and Colombia etc.)
- Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

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Frequently Asked Questions (FAQs):

➱ What are the key factors hampering growth of the IC and RFIC Designing Services market?
➱ What are the major factors driving the global IC and RFIC Designing Services market growth?
➱ Which is the leading component segment in the IC and RFIC Designing Services market?
➱ Which are the major players operating in the IC and RFIC Designing Services market?
➱ Which region will lead the IC and RFIC Designing Services market?
➱ What will be the CAGR of IC and RFIC Designing Services market?
➱ What are the drivers of the IC and RFIC Designing Services market?

Contact Us:

Mr. Shah
US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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