Millimeter Wave RFIC Market Segmentation:
Frequency Band Segment Analysis
Ka-Band segment is likely to hold over 60.5% millimeter wave RFIC market share by the end of 2035, due to its usage in advanced communication systems. Furthermore, the growth in dependency of the aerospace and telecommunications industries on the Ka-Band frequency has also garnered significant demand. In March 2024, Pharrowtech secured USD 18.4 million in funding to advance 60 GHz RFICs, emphasizing the rising investment in this frequency band. Moreover, Ka-Band’s ability to deliver enhanced bandwidth efficiency ensures its expanding adoption, propelling the market growth through 2035.
Component Segment Analysis
By 2035, transceivers segment is predicted to hold more than 27.7% millimeter wave RFIC market share, due to their indispensability in connecting communication systems for continuous data flow. These components integrate transmit and receive functions, enabling savings in space and performance for high-frequency applications. The integration into 5G devices, IoT systems, and satellite communication proves the versatility of these components and their importance in such systems. In April 2023, Semtech Corporation released a new IC featuring advanced RF control for 5G devices that demonstrated the evolution in transceiver technology. Transceivers continue to remain central to developing advanced RFIC solutions with the growing demand for high-speed connectivity.
Our in-depth analysis of the global market includes the following segments:
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Frequency Band |
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Component |
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Satellite Type |
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End user |
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