How is Growing Usage of Smartphones Driving 5G RF Transceivers Market?

The penetration of smartphones is rising rapidly all across the globe. In addition to this, the penetration of internet is also growing day-by-day. Owing to technological advancements, people can now easily use internet on their phones. Furthermore, today, the demand for faster internet services is increasing as well, which can be fulfilled by the advent of 5G technology.

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With the use of 5G, a person can download or upload content at a much faster speed than 4G. In addition to this, the time devices take to communicate with other wireless networks is also predicted to decrease with the emergence of 5G.

Because of this, the demand for 5G radio frequency (RF) transceivers is also growing at a rapid pace. RF transceivers are a blend of transmitter and receiver, and while transmitting, the receiver is silenced. Both transmitter and receiver are allied with the same antenna, which is enabled by an electronic switch.

This device allows wireless device to be connected to the internet for receiving and transmitting data. Attributed to these reasons, the global 5G RF transceiver market generated a revenue of $112.0 million in 2019 and is predicted to progress at a 30.4% CAGR during the forecast period (2020-2030).

Two types of 5G RF transceivers according to design are standalone-chip transceiver and single-chip transceiver. Between these two, the demand for standalone-chip transceivers was higher in the past, which is because of the fact that these devices are able to operate in a wireless system with low voltage and utilize less power.

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Different applications of 5G RF transceivers are embedded modules, base stations, radar systems, and mobile devices. Among these, the largest demand for 5G RF transceivers was created for base station applications in the past, since enhanced RF front end (RFFE) design is needed for supporting 5G in mobile phones.

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This release was published on openPR.