RF Transceiver Market Regional Outlook Opportunity Assessment and Potential of the Market by 2027 | Impact of COVID-19
Market Overview:
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.
Market Highlights
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.
Key Players:
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.
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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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