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:
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: