RFIC Market

RFIC Market Research Report By Forecast
2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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RFIC Market Forecast To 2023
RFIC Market Forecast To 2023
Among the vertical segments – consumer elctronics, automotive, government and defense, and others; the market
for consumer electronics segment is expected to have highest market share throughout the forecast period. The RFIC
chips also have a potential market in the automotive industry. The vehicle-to-vehicle connection, security
technologies and automated driving technology, all comprise of RFIC based electronic devices. The concept of
autonomous vehicles, such as smart cars, connected cars and driverless cars is gaining ground and thus, the
application of RFIC is expected to grow in the future. The automotive segment is expected to grow with the highest
CAGR.

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RFIC Market Forecast To 2023
“Taste the market data and market information presented through more than 50 market data tables
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• The RFIC chips also have a potential market in the automotive industry. The vehicle-to-vehicle connection,
security technologies and automated driving technology, all comprise of RFIC based electronic devices. The
concept of autonomous vehicles, such as smart cars, connected cars and driverless cars is gaining ground and
thus, the application of RFIC is expected to grow in the future. The automotive segment is expected to grow with
the highest CAGR.

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RFIC Market Forecast To 2023
Global RFIC Market Segmented on the basis of
In the past few years, the RFIC market has experienced a high growth. Various RFIC manufacturers are
present in Japan and China, which boost the market share. China is expected to grow at the highest CAGR
in APAC region while Japan is projected to show single digit growth rate during the forecast period. The
market size of APAC is estimated to grow at the highest CAGR from 2018-2023, followed by Europe.

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RFIC Market Forecast To 2023
Global RFIC Market - Geographical Analysis
The global RFIC market is expected to grow at a CAGR of 10.4% during the forecast period. The geographical
analysis of RFIC market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the
Middle East, Africa, and Latin America).
North America holds the largest market share and is expected to continue this dominance during the forecast
period. North America has one of the most highly developed Consumer electronics and semiconductor sectors in
countries like the US and Canada, and thus has greater adoption of RFIC. Further to this, APAC closely following
North America in terms of revenue generation considering APAC to be advancing in terms of technology and its
adoption. Also, APAC has large customer base and rapidly growing electronics and semiconductor industry.
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RFIC Market Forecast To 2023
Global RFIC Market - Competitive Analysis
• The key players in the RFIC market are identified across all the major regions based on their country of origin,
presence across different regions, recent key developments, product diversification, and industry expertise. Some
of them are— Qualcomm Technologies Inc. (US), Cree, Inc. (US), Silicon Laboratories (US), Infineon Technologies
AG (Germany), STMicroelectronics (Switzerland), Qorvo, Inc. (US), OctoTech Inc. (US), Peak RF (UK), Skyworks
Solutions Inc. (US), Analog Devices, Inc. (US), NXP Semiconductors (US), Broadcom Inc. (US). The key strategies
adopted by most of the players are partnerships and agreements, collaborations, and new product releases.
• Apart from the companies mentioned above, other companies from APAC are the key players in this market.
These include Samsung Electronics Co (South Korea), Renesas Electronics Corporation (Japan), Kangxi
Communication Technology Co. Ltd. (China) and others.
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