With the proliferation of IoT devices and wireless communication technology adoption, radio frequency transmitters encapsulants are increasingly being used to protect electronic components that transmit radio frequencies in various devices from damage caused by moisture, chemicals, dust and thermal stresses. Radio frequency transmitters encapsulants form a protective barrier around electronic components to ensure optimal performance of devices in harsh operating conditions.
The global Radio Frequency Transmitter Encapsulant Market is estimated to be valued at US$ 2.92 Bn in 2024 and is expected to exhibit a CAGR of 8.3% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
With increasing deployment of wireless infrastructure for technologies such as 5G, WiFi 6 and Bluetooth, there is a need to protect radio frequency components transmitting data wirelessly from external environmental interference and damage. Radio frequency transmitter encapsulants play a critical role in ensuring uninterrupted and optimal performance of wireless modules by providing protection at the component level itself. This is driving increased consumption of radio frequency encapsulants by wireless equipment manufacturers.
Strength: The radio frequency transmitter encapsulant market has high growth potential due to rising demand for medical devices requiring RF encapsulation. This encapsulation helps provide protection to electronic components from harsh environments.
Weakness: High costs associated with research and development for new radio frequency transmitter encapsulant materials. Stringent regulatory approvals procedures also increases time to market new products.
Opportunity: Growing demand for implantable medical devices will boost sales opportunities in the forecast period. Also, increasing acceptance of 3D printing for medical device encapsulation offers new growth prospects.
Threats: Competition from alternative encapsulation technologies and availability of substitutes poses threat to market players. Stringent environmental regulations around material disposal could also impact revenue streams.
The Global Radio Frequency Transmitter Encapsulant Market Size is expected to witness high growth at a CAGR of 8.3% during the forecast period of 2024 to 2031. Rising installation of RFID tracking systems in the healthcare sector will drive the demand. The market size is projected to reach US$ 2.92 Bn by 2024.
Regional analysis – North America dominates currently due to technological advancements and presence of major players in the region. However, Asia Pacific is expected to show fastest growth due to increasing medical tourism, rising healthcare spending and growing consumer awareness.
Key players – Key players operating in the radio frequency transmitter encapsulant market are Medtronic Plc, Johnson & Johnson, SMI, Advanced Medical Solutions Group plc, GMD Group (General Medical Disposable), Bentley Healthcare Pvt. Ltd., Lotus Sutures, Teleflex Incorporated, Sutumed, Lux Sutures, CliniSut, Smith & Nephew Plc, B. Braun Melsungen AG, CONMED Corporation, Unilene, Riverpoint Medical, Unisur Lifecare Pvt. Ltd., Orion Sutures India Pvt Ltd, Dolphin Sutures, Peters Surgical, Meril Life Sciences Pvt. Ltd., Corza Medical, Healthium Medtech Limited, Surgical Sutures Private Limited, DemeTECH Corporation, and Vitrex Medical A/S.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it