RF Transceiver Market Demand and Revenue by 2023; Key Players - Intel Corporation, Qualcomm, Broadcom Inc., Renesas Electronics, TriQuint Semiconductor (now Qorvo, Inc.), STMicroelectronics and Texas Instruments

The cumulative demand for wireless, optical and other high frequency connected consumer electronic devices has driven the growth of the global RF transceiver market in the recent years. The innovation in the integrated circuit fabrication process has increased the cost and performance of RF integrated circuits in consumer electronics applications. The transceivers accounted for second largest share in the radio frequency integrated circuit (RFIC) market.

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The growing consumer demand for connected mobile platforms, along with the increasing internet penetration in the developing counties of Asia-Pacific has boosted the growth of the mobile phones in the application segment of the market.

The 4G transceiver segment is expected to witness sizeable growth. The growing demand for standalone chip in consumer electronics, which includes smart phones, feature phones and tablets, is likely to drive the growth of the global market during the coming years. The demand of standalone chips is highly anticipated from printers, automotive, and wireless headsets, owing to its cost advantage, along with low power consumption and higher efficiency of standalone transceiver.

The growth of the tablet market in the application segment of the RF transceiver market in has slowed down over the past few years, owing to their average unit shipment. However, with the ever-increasing smartphone shipments, owing to their increasing demand from the developing countries of Asia-pacific, the market is expected to grow during the forecast period.

Asia-Pacific accounted for the largest market share in the global market of RF transceiver. The growing end users industry, such as consumer electronics, automotive and cold chain logistics in India, China, and Japan has increased the market growth of RF transceiver in the region. In Europe, Germany, Italy, and the U.K. are the major markets. The U.S. and Canada are the largest markets of RF transceiver in North America.

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Some of the competitors in the RF transceiver market are Intel Corp, RF Micro Devices Inc., Qualcomm Inc., Broadcom Corp., Renesas Electronics Corp., TriQuint Semiconductor Inc., ST-Microelectronics Inc. and Texas Instruments Inc.

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