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Millimeter Wave RFIC Market Trends

  • Report ID: 6778
  • Published Date: Dec 04, 2024
  • Report Format: PDF, PPT

Global Millimeter Wave RFIC Market

  1. Introduction
    1. Study Objective
    2. Scope of the report
    3. Market Taxonomy
  2. Study Assumptions and Abbreviations
    1. Research Methodology
    2. Secondary Research
    3. Primary Research
    4. SPSS Approach
    5. Data Triangulation
  3. Executive Summary
  4. Global Industry Overview Market
    1. Market Overview
    2. Regional Synopsis
    3. Industry Supply Chain Analysis
    4. DROTs
      1. Driver
      2. Restraint
      3. Opportunities
      4. Threat
    5. Government Regulation
    6. Competitive Landscape
      1. Analog Devices, Inc.
      2. Sivers Semiconductors AB.
      3. RF Integration Inc.
      4. RFIC Solutions Inc.
      5. Anokiwave, Inc.
      6. MMTRON
      7. TUSK IC
      8. Altum RF
      9. Akronic, P.C.
    7. Trends & Strategic Analysis of Key RFIC Manufacturers for Satcom Industry
    8. Ongoing Technological Advancements
    9. Price Benchmarking
    10. Annual RFIC Demand (in Thousand Units) by Frequency Band
    11. (2023-2035)
    12. Market Value Forecast for RFIC by Frequency Band
    13. (2023-2035)
    14. SWOT Analysis
    15. Component Analysis
    16. Block Diagram Analysis - Transceiver
    17. End-User Analysis
    18. Root Cause Analysis for Millimeter Wave RFIC Market
    19. Industry Risk Assessment
  5. Gobal Outlook and Projections
    1. Global Overview
      1. Market Value (USD Million), Current and Future Projections, 2023-2035
      2. Increment $ Opportunity Assessment, 2023-2035
      3. Year-on-Year Growth Forecast (%)
    2. Global Segmentation (USD Million), 2023-2035, By
      1. Frequency Band, Value (USD Million)
        1. Ka-Band
        2. V-Band
        3. W-Band
      2. Component, Value (USD Million), Volume (Thousand Units)
        1. Transceivers
        2. Power Amplifiers
        3. Mixers
        4. Oscillators
        5. Filters
        6. Switches
        7. Others
      3. Satellite Type, Value (USD Million)
        1. GEO Satellite
        2. LEO Satellite
        3. Others
      4. End User, Value (USD Million)
        1. Commercial
        2. Military & Defense
        3. Aerospace & Aviation
        4. Telecommunication
        5. Research & Academic Institutes
      5. Regional Synopsis (USD Million), 2023-2035
        1. North America, Value (USD Million)
        2. Europe, Value (USD Million)
        3. Asia Pacific, Value (USD Million)
        4. Latin America, Value (USD Million)
        5. Middle East and Africa, Value (USD Million)
  6. North America Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2023-2035
      2. Increment $ Opportunity Assessment, 2023-2035
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2023-2035, By
      1. Frequency Band, Value (USD Million)
        1. Ka-Band
        2. V-Band
        3. W-Band
      2. Component, Value (USD Million), Volume (Thousand Units)
        1. Transceivers
        2. Power Amplifiers
        3. Mixers
        4. Oscillators
        5. Filters
        6. Switches
        7. Others
      3. Satellite Type, Value (USD Million)
        1. GEO Satellite
        2. LEO Satellite
        3. Others
      4. End User, Value (USD Million)
        1. Commercial
        2. Military & Defense
        3. Aerospace & Aviation
        4. Telecommunication
        5. Research & Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. U.S.
        2. Canada
  7. Europe Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2023-2035
      2. Increment $ Opportunity Assessment, 2023-2035
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2023-2035, By
      1. Frequency Band, Value (USD Million)
        1. Ka-Band
        2. V-Band
        3. W-Band
      2. Component, Value (USD Million), Volume (Thousand Units)
        1. Transceivers
        2. Power Amplifiers
        3. Mixers
        4. Oscillators
        5. Filters
        6. Switches
        7. Others
      3. Satellite Type, Value (USD Million)
        1. GEO Satellite
        2. LEO Satellite
        3. Others
      4. End User, Value (USD Million)
        1. Commercial
        2. Military & Defense
        3. Aerospace & Aviation
        4. Telecommunication
        5. Research & Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. NORDIC
        7. Russia
        8. Rest of Europe
  8. Asia Pacific Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2023-2035
      2. Increment $ Opportunity Assessment, 2023-2035
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2023-2035, By
      1. Frequency Band, Value (USD Million)
        1. Ka-Band
        2. V-Band
        3. W-Band
      2. Component, Value (USD Million), Volume (Thousand Units)
        1. Transceivers
        2. Power Amplifiers
        3. Mixers
        4. Oscillators
        5. Filters
        6. Switches
        7. Others
      3. Satellite Type, Value (USD Million)
        1. GEO Satellite
        2. LEO Satellite
        3. Others
      4. End User, Value (USD Million)
        1. Commercial
        2. Military & Defense
        3. Aerospace & Aviation
        4. Telecommunication
        5. Research & Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. China
        2. Japan
        3. India
        4. Indonesia
        5. Malaysia
        6. Australia
        7. Thailand
        8. Vietnam
        9. South Korea
        10. Rest of Asia Pacific
  9. Latin America Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2023-2035
      2. Increment $ Opportunity Assessment, 2023-2035
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2023-2035, By
      1. Frequency Band, Value (USD Million)
        1. Ka-Band
        2. V-Band
        3. W-Band
      2. Component, Value (USD Million), Volume (Thousand Units)
        1. Transceivers
        2. Power Amplifiers
        3. Mixers
        4. Oscillators
        5. Filters
        6. Switches
        7. Others
      3. Satellite Type, Value (USD Million)
        1. GEO Satellite
        2. LEO Satellite
        3. Others
      4. End User, Value (USD Million)
        1. Commercial
        2. Military & Defense
        3. Aerospace & Aviation
        4. Telecommunication
        5. Research & Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  10. Middle East & Africa Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2023-2035
      2. Increment $ Opportunity Assessment, 2023-2035
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2023-2035, By
      1. Frequency Band, Value (USD Million)
        1. Ka-Band
        2. V-Band
        3. W-Band
      2. Component, Value (USD Million), Volume (Thousand Units)
        1. Transceivers
        2. Power Amplifiers
        3. Mixers
        4. Oscillators
        5. Filters
        6. Switches
        7. Others
      3. Satellite Type, Value (USD Million)
        1. GEO Satellite
        2. LEO Satellite
        3. Others
      4. End User, Value (USD Million)
        1. Commercial
        2. Military & Defense
        3. Aerospace & Aviation
        4. Telecommunication
        5. Research & Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  11. World Economic Outlook
  12. About Research Nester
    1. Our Global Clientele
    2. We Serve Clients Across World

Millimeter Wave RFIC Market Trends

Growth Drivers

  • Increasing 5G networks: The proliferation of 5G networks across different countries drives the demand for RFICs in millimeter waves, which are becoming important in high-frequency band utilization. These materials assist in transmitting data quickly and with better connectivity, which is a feature that is sought in modern communication systems. In February 2023, Cisco teamed up with NEC Corporation for better 5G xHaul and private 5G networking. These partnerships point toward the significant importance of RFICs for new-generation communication infrastructure. This points out the increasing adoption of mmWave technologies in mobile and enterprise networks, indicating their growing relevance in the 5G era. 
  • Technological advances in mmWave solutions: Continuous innovation in millimeter wave RFICs is enabling the adoption of next-generation wireless technologies by industries. Advanced design efficiencies and integration capabilities are driving the evolution of 5G and beyond. In July 2024, Qualcomm unveiled advanced mmWave solutions that would further improve 5G network performance, enabling the transfer of more data at faster speeds and boosting overall network capacity. Such improvements are compelling wider adoption in applications like autonomous cars, healthcare systems, and high-speed communication networks. 
  • Increasing adoption of IoT and smart devices: Growing adoption of IoT and smart devices is increasing the demand for millimeter wave RFICs, which smoothly enable wireless communication. Such components are in high demand to provide reliable and rapid connectivity in dense ecosystems created by IoT. In August 2023, Fujitsu Limited announced a 5G mmWave chip with four-beam multiplexing for efficiency in IoT network improvement. This development is in line with the growing connectivity requirements in smart cities and industrial automation, underlining the rise in RFICs as a part of future technologies. 

Challenges

  • Technical challenges in design and fabrication: The development of mmWave RFICs faces some serious technical challenges, requiring advanced design precision and rich manufacturing experience. These components need to operate efficiently at very high frequencies, which requires sophisticated circuit designs and strict testing processes to ensure reliability and performance. Equally important challenges are thermal management and power efficiency of mmWave RFICs during operation. Besides, specialized materials and the complex fabrication technique that comes along with increased production costs also limit the scalability. These complexities restrict entry to the millimeter wave RFIC market for new players while simultaneously pressuring already existing players to innovate continuously in their lines of production processes. 
  • Limited penetration in developing markets: The underdeveloped infrastructure and huge costs associated with the deployment of mmWave RFICs in emerging markets could hinder adoption. Most of these countries still need an effective telecommunication network from which they can avail these types of frequencies. Therefore, most of them utilize their previously used frequency bands to connect via mobile, landlines, or both. In addition to this, in emerging millimeter wave RFIC markets, hardly any manufacturing and deployment capabilities for millimeter-wave technology are available. As a result, the limited awareness of mmWave solution advantages further slows down this technology's adoption in these places.

Millimeter Wave RFIC Market: Key Insights

Base Year

2023

Forecast Year

2023-2035

CAGR

6.5%

Base Year Market Size (2023)

USD 313.4 million

Forecast Year Market Size (2035)

USD 659.6 million

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 6778
  • Published Date: Dec 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2023, the industry size of millimeter wave RFIC was USD 313.4 million.

The global millimeter wave RFIC market size was USD 313.4 million in 2023 and is expected to reach USD 659.6 million by the end of 2035, expanding at a CAGR of 6.5% during the forecast period, i.e., 2023-2035. In 2024, the industry size of millimeter wave RFIC will be valued at USD 329.5 million.

Key players in the market are Analog Devices, Inc., Sivers Semiconductors AB, RF Integration Inc., RFIC Solutions Inc., Anokiwave, Inc., MMTRON, TUSK IC, Altum RF, Akronic, P.C.

The Ka-Band segment is projected to dominate the millimeter wave RFIC market during the forecast period.

North America is likely to present lucrative prospects to the companies in the millimeter wave RFIC market during the forecast period.
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