What’s driving the Growth of RF Transceiver Market | Prominent Players: Qualcomm, Broadcom Inc., STMicroelectronics, MediaTek, Semtech

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).

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.

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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.

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.

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.

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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

• Single Chip Transceiver
• Standalone Chip Transceiver

Market Segmentation by Type

• 5G Transceiver
• 4G Transceiver
• 3G Transceiver
• 2G Transceiver

Market Segmentation by Application

• Mobile Devices
• Networking Equipment
• Add-on-Cards
• Embedded Modules
• Others

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This release was published on openPR.