Market Research Future published a research report on “RF Transceiver Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
In its research study, Market Research Future (MRFR), emphasizes that over the forecast period, the global RF transceiver market 2020 is projected to develop exponentially, achieving a significant market valuation and a healthy CAGR.
According to P&S Intelligence, the market is boosted by several factors, mainly by rising demand for mobile devices, and the increasing adoption of the Internet of Things ( IoT). RF transceivers are used in a wide variety of applications, in diverse industries. -- digitization; massive adoption of smartphones; consumer reliance on technology in their daily routines; increased deployment of advanced devices in telecommunications, security, automotive, transportation, among other industries, lead to enormous market opportunities for RF transceivers worldwide. Rapid adoption of wireless communication devices, emerging IoT technology, automated marketing and socializing means, and video streaming along with several other factors result in noticeable market growth for RF transceivers. Increasing demand for stand-alone chipsets in communications devices such as cell phones, laptops, and others is driving the RF Transceiver Market. The Internet of Things ( IoT) is the big trend for the market for RF transceivers. It is estimated that all devices will be able to connect to the Internet by 2023 and will provide an opportunity for the independent RF transceiver market. The The deployment of LTE networks of the next generation and the demand for high data speeds are fuelling market growth. In addition, 5 G wireless technology embraces various frequency bands, and can be used for both cellular and IoT applications. The continuous technical developments and rising demand for high-performance, area-efficient transceivers, the advent of 5 G communication technology is expected to generate huge opportunities for market players on the RF transceiver worldwide. Consequently, with countries increasingly focusing on the implementation of 5 G communication technologies, the demand for 5 G RF transceivers is expected to generate large opportunities for market players over the forecast period.
RF Transceiver Market key players are Intel Corporation (Ticker: INTC) (U.S.), RF Micro Devices Inc. (U.S.), Qualcomm Inc. (Ticker: QCOM) (U.S.), Broadcom Corp. (Ticker: AVGO) (U.S.), Renesas Electronics Corp. (Japan), TriQuint Semiconductor Inc. (U.S.), ST-Microelectronics Inc. (Switzerland), Texas Instruments Inc. (U.S.) and others. The key players are constantly innovating and involving in research and development activities to generate a cost-effective product portfolio.
Some of the key innovators in the global RF transceivers market are Skyworks (U.S.), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (the Netherlands), Integrated Device Technology, Inc. (U.S.), Maxim Integrated (U.S.), Toshiba Electronic Devices & Storage Corporation (Japan) and others.
RF Transceiver Global Market - Segmentation
The global RF transceiver market is segmented into design, type, application, industry, and region. On the basis of design the segment is further classified into single chip transceiver and standalone transceiver. On the basis of type, the segment is further classified into the 5G transceiver, 4G transceiver, 3G transceiver and 2G transceiver. On the basis of application, the segment is further classified into mobile phones, tablets, add-on cards, routers, embedded modules and others. The RF transceivers are used in various industries such as consumer electronics, telecommunications, military & defense, healthcare, and others.
RF Transceiver Global Market - Regional Analysis
The global RF transceiver market is observed for North America, Europe, Asia Pacific and Rest of the world. Asia Pacific holds the major market share for the global RF transceiver market and is expected to continue through the forecast period. The presence of major players in the region, deployment of transceivers in consumer electronics and automotive solutions are supporting the market growth. North America holds a significant market share through the forecast period. The U.S. and Canada are the major sources for the global RF transceiver market. The increase in usage of mobile devices and growing demand for better wireless communication devices are promoting the market growth in this region. Europe shows decent growth through the forecast period. The Germany and U.K were the main contributors to the market. Deployment of RF transceivers in automotive applications is fuelling the market growth.
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