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 (RF) transmitter encapsulants are epoxy-based materials that are used for protecting radio frequency components and circuits from various environmental factors such as moisture, thermal stress, and contamination. RF transmitter encapsulants provide robust sealing and shielding for radio frequency components and printed circuit boards.
Market key trends:
One of the key trends in the radio frequency transmitter encapsulant market is the growing demand for miniaturized and multifunctional electronic components. To keep pace with the continual miniaturization of electronic devices and components, there is an increasing need for high-performance encapsulants that offer miniaturization capabilities along with environmental protection. Conventional encapsulants are unable to meet the stringent requirements of advanced miniaturized electronics. Thus, manufacturers are developing new encapsulant formulations with enhanced properties such as smaller cure sizes, higher filler loadings, and improved moisture resistance to facilitate miniaturization in the electronics industry.
SWOT Analysis
Strength: Protects electronics from moisture, thermal stress and provides electrical insulation. Weakness: Complex manufacturing process increases costs. Opportunities: Growing 5G infrastructure and adoption of IoT devices. Threats: Stringent regulations around material compositions and volatile raw material prices.
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 deployment of 5G networks. The market size for radio frequency transmitter encapsulant was valued at US$ 2.53 Bn in 2023.
The Asia Pacific region is expected to dominate the market over the forecast period. Countries like China, India and Japan are witnessing significant investments in 5G infrastructure which is driving the demand for radio frequency encapsulants in the region.
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 captured over 50% of the total market share in 2023.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
