Valley Cottage, NY -- (SBWIRE) -- 09/20/2018 -- Passive Tunable Integrated Circuits Market: Market Overview

Passive tunable integrated circuits is one of the fastest developing IC technology that is used in mobile handsets and other portable radio applications. The passive tunable integrated circuits market is one of the greatly increasing markets, due to the increasing demand for energy efficient electronic and radio devices. For passive tunable integrated circuits retail sector is becoming the key source of demand due to adaptation of advanced RF solutions in supply chain management. Furthermore, the rise in use of RF solutions and systems by various companies to implement intelligent distributed order management systems and also facilitates accurate inventory tracking is one of the major factors which is fuelling the growth of the passive tunable integrated circuits market.

Passive tunable integrated circuit have excellent radio frequency performance and power consumption, making mobile handset, radio application, and active antennas more reliable and flexible. Passive tunable integrated circuit helps to increase performance of tunable RF filters and multi-band network. Furthermore, the rise in use of RF solutions and systems by various companies to implement intelligent distributed order management systems is one of the major factors which is fuelling the growth of the passive tunable integrated circuits market.

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Passive Tunable Integrated Circuits Market: Drivers and Challenges

The major growth drivers of the passive tunable integrated circuits market include the rise in the demand for energy-efficient electronic products, growing demand for high power density, and increase in various industrial applications. Furthermore, the increasing demand for multi-band networking antennas, coupled with demand of tunable antennas are expected to propel the growth of the global passive tunable integrated circuits market during the forecast period. In addition, the increase in usage of consumer electronic devices is projected to drive the growth of the passive tunable integrated circuits market, globally.

Also, the increasing number of supply chain and retail companies in various countries is leading to the increasing demand for RF solutions. So, increasing deployment of RF solutions is creating potential growth opportunities for the passive tunable integrated circuits market. Moreover, companies are increasingly adopting automated item identification systems for supply chain management for improving inventory allocation efficiencies. Thus, due to these factors, the passive tunable integrated circuits market is growing at a rapid pace.

Major challenges of the passive tunable integrated circuits market are higher costs and thickness of device in comparison to other modules. The passive tunable integrated circuits market is expected to experience a shrink and fluctuation in growth rates because of the demand for the smaller, thinner smartphone devices. In addition to this, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of the passive tunable integrated circuits market.

Passive Tunable Integrated Circuits Market: Segmentation

The global Passive Tunable Integrated Circuits market can be segmented as:

Passive Tunable Integrated Circuits Market Segmentation by Product Type:

Wireless Communication
RFID
Mobile Phone
WiMAX
Filter Network
Matching Network
Tunable Antenna
Others
Passive Tunable Integrated Circuits Market Segmentation by Industry:

Consumer Electronics
Healthcare
IT & ITES
Automotive
Telecommunication
Government
Other
Due to the increasing demand for consumer electronic goods, mobile phone sub-segment is expected to experience more than 20% market share for the passive tunable integrated circuit market in 2018. Moreover, the wireless communication sub-segment is expected to grow with more than 9.0% CAGR for the passive tunable integrated circuit market during the forecast period.

The consumer electronics sub-segment is expected to experience high growth in the global passive tunable integrated circuits market, due to the increasing demand for energy-efficient consumer electronic goods. Moreover, with the rising deployment of passive tunable integrated circuits in telecommunication application, the telecommunication sub-segment is expected to experience a high CAGR in the global passive tunable integrated circuits market.

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Competition Landscape

Key Players

Some of the major players in global Passive Tunable Integrated Circuits market include Analog Devices, ON Semiconductor, Texas Instruments, Inc., Seiko Epson Corporation, SEOUL Semiconductors, Renesas electronic corporation, and other manufacturers of passive tunable integrated circuits.

Regional Overview

Presently, the passive tunable integrated circuits market in North America has shown significant growth rate, due to increasing advancements in public infrastructure. Due to the growing demand for energy-efficient electronic devices, coupled with technological advancements in the region, the passive tunable integrated circuits market in North America is projected to experience a high growth CAGR. Asia Pacific (APEC) is holding the largest market share in the passive tunable integrated circuits market, due the increasing demand from various industries and quantitative increase in smartphone devices. Moreover, Europe is the fastest growing market for passive tunable integrated circuits, due to an increase in the usage of consumer electronics devices. The demand for passive tunable integrated circuits has risen dramatically over the past 12 months, globally.