RADIO FREQUENCY TRANSMITTER ENCAPSULANT MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The global radio frequency transmitter encapsulant market size is projected to reach US$ 3.68 billion by 2030, from US$ 2.53 billion in 2023, at a CAGR of 5.5% during the forecast period.

The increasing demand for radio frequency (RF) transmitters in various applications, such as wireless communication, medical, and industrial, is driving the growth of the RF transmitter encapsulant market. RF transmitters are used to transmit and receive radio waves. They are used in a variety of applications, such as wireless communication, medical, and industrial. The increasing demand for these applications is driving the growth of the RF transmitter encapsulant market. 

Radio Frequency Transmitter Encapsulant Market Regional Insights

• North America is expected to dominate the market in the forecast period. The increasing demand for radio frequency transmitters in the automotive, healthcare, and industrial sectors is driving the growth of the market in this region. It holds 35% market share.
• Europe is another major market for radio frequency transmitter encapsulants. The growing demand for these encapsulants in the telecommunications and aerospace & defense sectors is driving the growth of the market in this region. It holds 25% market share.
• Asia Pacific is expected to be the fastest-growing market for radio frequency transmitter encapsulants during the forecast period. The increasing demand for these encapsulants in the consumer electronics, automotive, and industrial sectors is driving the growth of the market in this region. It holds 20% market share.

Figure 1. Global Radio Frequency Transmitter Encapsulant Market Share (%), by Region, 2023

Radio Frequency Transmitter Encapsulant Market Drivers

• Technological Advancements: As technological advancements in communication and electronics take place, the demand for higher frequency, smaller size, and more efficient RF transmitters grows, necessitating the use of better encapsulants.
• Growth in Wireless Communication: An increase in the use of mobile devices, IoT (Internet of Things), and wireless communication systems leads to a rise in the demand for RF transmitters, subsequently driving the market for their encapsulants.
• Defense and Aerospace Applications: Modern defense and aerospace systems use advanced communication systems requiring RF transmitters. These transmitters need to function under harsh conditions, emphasizing the need for high-quality encapsulants.
• Increase in Consumer Electronics: The surge in consumer electronics, such as wearables, smartphones, and smart devices, which utilize wireless communication, can bolster the demand for RF encapsulants.

Radio Frequency Transmitter Encapsulant Market Opportunities

• 5G Network Expansion: With the rapid global rollout of 5G networks, there's a significant demand for RF transmitters, and consequently, for advanced encapsulants that can cater to 5G's requirements.
• IoT Growth: The continued proliferation of the Internet of Things (IoT) devices ensures a steady demand for RF transmitters, and hence the encapsulants that protect them.
• Space Exploration & Satellites: As space exploration and satellite deployment grow, so does the need for RF transmitters that can withstand extreme space conditions. High-quality encapsulants are crucial in these scenarios.
• Automotive Innovations: The evolution of connected cars, smart transportation systems, and vehicle-to-everything (V2X) communication offers opportunities for encapsulant providers.

Radio Frequency Transmitter Encapsulant Market Trends

• Miniaturization: As RF transmitter components continue to get smaller to cater to compact devices, encapsulants must evolve to protect these miniaturized components effectively.
• Advanced Material Development: Research into encapsulant materials that offer better thermal management, moisture resistance, and protection against other environmental factors is gaining traction.
• Sustainability Focus: The push towards greener technologies means encapsulants that are biodegradable or have less environmental impact are becoming preferable.
• Integration with Smart Systems: With the rise of IoT and smart devices, encapsulants might need to cater to components that offer multiple functionalities, beyond just RF transmission.

Radio Frequency Transmitter Encapsulant Market Restraints

• High Production Costs: Advanced encapsulant materials that cater to specific needs can be expensive to produce, potentially restricting their widespread adoption.
• Technical Limitations: Some encapsulants may introduce dielectric losses at certain frequencies, affecting the performance of RF transmitters.
• Supply Chain Disruptions: Global events like pandemics, geopolitical tensions, or natural disasters can disrupt supply chains, affecting the availability of raw materials or finished encapsulants.
• Stringent Regulatory Standards: Meeting industry-specific standards or regulatory approvals for certain applications (like aerospace or medical devices) can be challenging and time-consuming.

Recent Developments

New product launches

• In June 2023, Dow Corning launched its new Sylgard 184 RF Encapsulant, which is designed to provide high performance and reliability for radio frequency (RF) transmitters. The encapsulant is said to be resistant to moisture, chemicals, and heat, and it can be used in a variety of applications, including industrial, medical, and automotive.
• In May 2023, Momentive Performance Materials launched its new 9100 Series RF Encapsulants, which are said to offer superior performance and reliability for a wide range of RF applications. The encapsulants are said to be moisture-resistant, have good thermal conductivity, and be able to withstand high temperatures.
• In April 2023, BASF launched its new Elastosil 8050 RF Encapsulant, which is designed for use in high-frequency applications. The encapsulant is said to be highly transparent and have good thermal conductivity, making it ideal for use in applications where heat dissipation is important.

Acquisition and partnerships

• In 2022, Laird Technologies acquired Encapso, a provider of high-performance RF encapsulants. This acquisition will help Laird to expand its product portfolio and offer a wider range of solutions for RF transmitter applications.
• In 2021, DowDuPont acquired Hexion, a provider of epoxy resins. This acquisition will help DowDuPont to expand its offering of RF encapsulants and meet the growing demand for these products.
• In 2020, Momentive Performance Materials acquired Cytec Industries, a provider of specialty chemicals. This acquisition will help Momentive to expand its product portfolio and offer a wider range of solutions for RF transmitter applications.

Figure 2. Global Radio Frequency Transmitter Encapsulant Market Share (%), By Material Type, 2023

Top companies in Radio Frequency Transmitter Encapsulant Market

• Dow
• Henkel
• BASF
• Nordson
• LORD Corporation
• B. Fuller
• Siltech Corporation
• Qualcomm
• Broadcom
• Skyworks Solutions
• Qorvo

*Definition: The Radio Frequency Transmitter Encapsulant market refers to the sector focused on the production, distribution, and sale of materials used to encapsulate or coat RF transmitters. Encapsulants protect RF transmitters from environmental factors, mechanical stresses, and potential signal interference, thereby ensuring optimal performance and longevity of the device.