The global RF transceiver market is expected to reach $18.5 billion by 2024, registering a CAGR of 11.6% during the forecast period. The market is buoyed by several factors, predominantly by increasing demand for mobile devices, and the rising adoption of the Internet of Things (IoT), according to P&S Intelligence.
RF transceivers are employed in numerous application areas, in varied industries. Growing digitization; massive smartphone adoption; dependence of customers on technology in their daily routines; surging deployment of advanced devices in telecommunications, defense, automotive, transportation, among other industries, are leading to the huge market potential for RF transceivers, across the globe. The rapid adoption of wireless communication devices, emerging IoT technology, automated means of marketing and socializing, and video streaming, along with several other factors are resulting in the noticeable RF transceiver market growth.
Insights on market segments
Based on the design, the RF transceiver market is categorized into a single chip transceiver and a standalone chip transceiver. Out of these, the single chip transceiver category accounted for a larger revenue share in 2018. Single chip transceivers offer low power consumption and low voltage operations in wireless systems. Further, the single chip transceivers are increasingly used in the healthcare industry for wireless body area network (WBAN) and telemetry communication.
The RF transceiver market on the basis of type has been classified into 5G, 4G, 3G, and 2G transceivers. Among these, the market for 4G transceiver category held the largest revenue share in the year 2018. The market opportunities for 5G technology are paramount, several industries and enterprises offering technology related services or products are bound to adopt and demand for 5G intensive networks. Regions such as North America and Europe to witness vast presence of 5G in the coming years, owing to increasing government initiatives and investments on deploying 5G technology in a number of application areas. Additionally, the industry players in developing countries in Asia-Pacific (APAC), such as China and India, also find a potential opportunity in 5G technology; where telecommunications and consumer electronics industries plan to invest heavily in the same.
Advancement of 5G communication technology to create opportunities
The 4G cellular technology is poised to be replaced by 5G technology in the coming years. 5G wireless technology supports various frequency bands and can be used for cellular as well as IoT applications. With continuous technological advancements and growing demand for high-performance, area efficient transceivers, the advancement of 5G communication technology is expected to create huge opportunities for RF transceiver market players across the globe.
Countries such as Japan, China, and U.S. are increasingly focusing on introducing and expanding 5G network services in the coming years. For instance, Japan is investing in 5G technology, and is ready to deploy this technology ahead of the Tokyo 2020 Paralympic and Olympic games, for better network coverage and connectivity. Hence, with increasing focus of countries toward the launch of 5G communication technology, the market for 5G RF transceiver is expected to create wide opportunities for the market players over the forecast period.
Browse report overview with detailed TOC on "RF Transceiver Market Research Report: By Design (Single Chip, Standalone Chip), Type (5G, 4G, 3G, 2G), Application (Mobile Devices, Networking Equipment, Add-on-Cards, Embedded Modules), Vertical (Consumer Electronics, Telecommunications, Cable/Broadcasting, Aerospace, Military & Defense, Healthcare), Regional Insight (U.S., Canada, Germany, U.K., France, Russia, Italy, China, Japan, South Korea, India, Australia, Turkey, South Africa, U.A.E., Saudi Arabia, Brazil, Mexico) – Global Industry Analysis and Forecast to 2024" at:https://www.psmarketresearch.com/market-analysis/rf-transceiver-market
RF Transceiver Market Competitiveness
The RF transceiver market is a highly competitive market with the presence of several global players. However, the market is primarily characterized by four companies namely Qualcomm Incorporated, Broadcom Inc., STMicroelectronics N.V., and MediaTek Inc. These companies hold major share of the market as they are the foremost choice of consumers due to reputation, and quality of their RF transceivers.
Qualcomm Incorporated accounted for highest market revenue share in 2018 in the RF transceiver market. This is due to its brand reputation and increasing deployment of its RF transceivers by reputed smartphone vendors. Some of the other key players in the RF transceiver market includes Semtech Corporation, Analog Devices Inc, Texas Instruments Incorporated, Infineon Technologies AG, Silicon Motion Technology Corporation, and GCT Semiconductor Inc.
RF Transceiver Market Segmentation
Market Segmentation by Design
Market Segmentation by Type
Market Segmentation by Application
Market Segmentation by Vertical
Market Segmentation by Region