Radio Frequency Transmitter Encapsulant Market is Estimated to Witness High Growth Owing to Growing Adoption of IoT Devices
Radio frequency encapsulants are materials used to protect electronic components and circuitry of devices operating at radio frequencies from environmental hazards such as moisture, dust, and mechanical stress. RF encapsulants provide physical, chemical, and electrical protection to circuit boards and discrete components installed in telecom base stations, mobile devices, and other electronic devices. The growing proliferation of IoT devices is driving the demand for connectivity solutions such as wireless communication equipment. Moreover, increasing investments in 5G infrastructure is necessitating high-performing RF encapsulants to protect components from interference.
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 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for growth of the radio frequency transmitter encapsulant market is the growing adoption of IoT devices. IoT connects physical devices over the internet and enables devices to collect and exchange data. This is driving the need for wireless communication equipment which require RF encapsulants for protection. According to IoT Analytics, the number of IoT connected devices is estimated to grow at a CAGR of 12.9% from 2022 to 2025. RF encapsulants find application in base stations, routers, and other networking devices that form the backbone of wireless infrastructure enabling IoT connectivity. Additionally, increasing investments in 5G networks worldwide is also propelling the demand for high-quality RF encapsulants that can withstand high frequencies without interference, temperature fluctuations, and signal attenuation.
SWOT Analysis
Strength: Radio frequency transmitter encapsulant provides protection to electronic components against moisture, dust, vibration and shock. It also improves longevity of components by preventing corrosion. Its thermal conductivity helps dissipate heat generated by components.
Weakness: Development of new encapsulant materials requires extensive research and testing.Stringent environmental regulations related to VOC emissions during production pose compliance challenges.
Opportunity: Growing adoption of 5G technology and increasing number of connected devices will drive demand for compact and efficient transmission modules. Rising investments in communication infrastructure in developing nations creates new markets.
Threats: Competition from alternatives like potting compounds limits market share. Fluctuations in raw material prices increase encapsulant production costs.
Key Takeaways
The Global Radio Frequency Transmitter Encapsulant Market is expected to witness high growth.
Regional Analysis: The market in Asia Pacific region is estimated to witness the fastest growth owing to increasing investments in 5G network rollout in major countries like China and India. Countries like China, South Korea and Japan already have nationwide 5G coverage and hold the largest share of the regional market currently.
Key players operating in the radio frequency transmitter encapsulant market are NeuroSky Inc., Posit Science Corporation, BrainHQ, Synaptitude Brain Health, Mindmaze SA, NeuroVigil Inc., Lumosity, Neuronetics, Inc., CogniFit, BrainCo, BrainHQ, Neuroscape, Neuroplast BV, Reha Technology AG, Virtualware Group, Nexeon Medsystems Inc. The rapid technological advancements has led to new product launches by these players.For instance, BrainHQ launched updated brain training platform with personalized plans in 2023. Lumosity partnered with healthcare providers to offer digital brain health programs.
Get more insights on this topic: https://www.ukwebwire.com/radio-frequency-transmitter-encapsulant-market-share-analysis/
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