Integrated circuit, also called as monolithic electronic circuit, is an electronic circuit build on a flat semiconductor material, mostly silicon. Radio frequency integrated circuit is also an electronic circuit, which includes radar and communication circuits that are majorly used for wireless transmission. IC and RFIC designing is a part of electronics engineering, which focuses on designing of logic and circuit design of integrated circuit. These ICs are made by connecting small electronic components into an electrical network on a monolithic semiconductor substrate using a patterning process called photolithography.
Increasing Demand for Power-Sensitive Wireless-Communication Products Has Fueled Demand for IC and RFIC Designing Services
In the recent past, electronic devices market exhibited an exponential growth. This is owing to increasing demand for wireless communication devices such as mobile phones, Wi-Fi, satellites, and televisions among others, which resulted in increasing development of new generation IC and RFIC products. Moreover, companies operating in the electronic devices industry are focusing on designing small IC and RFIC to reduce the size of electronic products and reduce the cost by integrating number of components on single chip. These factors are expected to drive growth of the IC and RFIC designing services market during the forecast period (2019-27). For instance, according to Coherent Market Insights’ analysis, the consumer electronic market, wherein IC and RFIC designing services are mostly used, is expected to exhibit a CAGR of around 16% during 2019-2022.
Moreover, conventional RF devices face many problems related to designing of single-chip transceivers, active, and passive devices on an IC. Owing to such challenges, electronic device manufacturers are focusing on design, simulation, and layout of wireless-communication RFIC chips. Moreover, the manufacturers are using on-chip components over off-chip components by modifying the architecture of IC and RFIC, which will propel demand for IC and RFIC designing services, as it will help to solve the issues related to integration of transceiver components on to a chip and to fulfill the rising demand for communication devices.
Regional Analysis of Global IC and RFIC Designing Services Market
On the basis of region, the global IC and RFIC designing services market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Asia Pacific region held dominant position in the global IC and RFIC designing services market in 2018 and is projected to retain its dominance throughout the forecast period. This is owing to presence of large number of electronic component manufacturers such as Arrow Group and TDK Corporation among others in this region, which uses designing services for manufacturing IC and RFIC.
Global IC and RFIC Designing Services Market Taxonomy
On the basis of product type, the global IC and RFIC designing services market is segmented into
- Digital Design
- Analog and Mixed Design
On the basis of application, the global IC and RFIC designing services market is segmented into
- Circuit Design
- Layout Design
- Package Design
On the basis of end user, the global IC and RFIC designing services market is segmented into
- Consumer Electronics
- Data Centers
- Smart Devices
On the basis of region, the global IC and RFIC designing services market is segmented into
- North America
- Asia Pacific
- Latin America
- Middle East
Major players operating in the global IC and RFIC designing services market include AnSem, Australian Microwave Components, Cadence Design Systems, Inc., Cirtec Medical, CoreHW, Custom MMIC, Evatronix SA, IC Mask Design Ltd, Mentor, a Siemens Business, Plan 9, RADLogic, RFIC Solutions, Signal Processing Group Inc., SM Technologies Pvt. Ltd, and TES Corporation.