The Global RF Die Products Market, By Type (Power Amplifiers, Filters, Frequency Multiplier, and Others), By Application (Communications industry, Medical Industry, Automotive, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Global Forecast to 2027, is expected to be valued at US$ 63.9 Billion by 2027, exhibiting a CAGR of 13.7% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
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 recent technological developments in the automotive radar sensor system. For instance, in October 2018, NXP Semiconductors launched RDK-S32R274 Development Kit to evaluate the automotive radar sensors. This development kit allows rapid prototyping of high-performance radar sensors application. These automotive radar sensor systems consist RF die products such as RF transmitter, receiver and power amplifier. These RF sensors helps in emergency breaking and collision avoidance. Due to these factors, the RF die products market is expected to show a significant growth during the forecast period.
Moreover, strategic collaborations between electronic companies to cater to the increasing demand for RF components is expected to drive the growth of the market during the forecast period. For instance, in April 2019, MACOM Technology Solutions Holdings, Inc. entered a joint venture with the Goertek Inc. The joint venture is aimed at meeting the increasing demand for GaN-on-Si based RF power components from the China market. Owing to these factors, the market is expected to witness significant growth during the forecast period.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/rf-die-products-market-3814
Browse 150 market data tables* and 90 figures* on “Global RF die products” - Global forecast to 2027
Key Trends and Analysis of the Global RF Die Products Market:
- North America held the dominant position in the global RF die products market in 2019, and is expected to retain its dominance throughout the forecast period. This is owing to technological developments in the electronic warfare technology. For instance, Lockheed-Martin, an American defense company developed the specially designed EW technology for the F-35 Fighter. These EW systems use RF die products such as low noise amplifiers.
- Asia Pacific is expected to witness significant growth during the forecast period owing to the increasing demand for consumer electronic products in this region.
- Europe, Middle East, and Africa are also expected to witness significant growth during the forecast period owing to the increasing number of cellphone users in this region.
- Among type, the power amplifier segment held dominant position in the market in 2019, and it is expected to retain its dominance during the forecast period. This is owing to the increasing revenue generated by the Smart TV market. For instance, According to Coherent Market Insights’ analysis, the global smart TV market was valued at US$ 197.3 billion in 2019 and is expected to register a CAGR of 8.9% during forecast period.
- Major players operating in the global RF die products market include 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.
