The global Radio Frequency Transmitter Encapsulant Market is estimated to be valued at US$ 2.53 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Radio frequency transmitter encapsulants are protective coatings used to encapsulate and protect active electronic components such as RF power transistors from harsh operating conditions. They provide electrical insulation and environmental protection from exposure to moisture, dust, vibration, and thermal and mechanical shock.
Market key trends:
One of the major trends that is expected to gain traction in the radio frequency transmitter encapsulant market during the forecast period is the growing demand for 5G technology. 5G services require dense antenna arrays with transmitters operating at millimeter-wave frequencies to accommodate massive connectivity and higher bandwidth demands. The higher frequencies used in 5G networks are more susceptible to signal loss and degradation from moisture, heat and other environmental factors. This is increasing the demand for durable and protective radio frequency encapsulants to shield electronic components from these damaging elements.
Here is the sample analysis for the given details:
Segment Analysis
The global radio frequency transmitter encapsulant market is segmented by resin type, wafer size, application, and region. Based on resin type, the epoxy resin segment dominated the market in 2022 and accounted for the largest market share. Epoxy resin protects components against moisture, vibration, cracks and chemical damages, and provides high thermal and electrical conductivity. This makes it a preferred material for encapsulating radio frequency components.
Key Takeaways
The global Radio Frequency Transmitter Encapsulant Market Size is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing demand for electronic devices such as smartphones, tablets and other wireless communication equipment.
Regional analysis
The Asia Pacific region is expected to dominate the global radio frequency transmitter encapsulant market during the forecast period. This region exhibits fastest growth due to rapid industrialization, growing electronics industry and presence of major consumer electronic companies in countries such as China, Taiwan and South Korea. North America and Europe are also significant markets owing to presence of key electronics players.
Key players
Key players operating in the radio frequency transmitter encapsulant market are Dow, Henkel, BASF, Nordson, LORD Corporation, H.B. Fuller, Siltech Corporation, Qualcomm, Broadcom, Skyworks Solutions, Qorvo. Dow and Henkel capture over 35% of the total market share due to their early entry and continuous innovation in the encapsulation materials market.
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