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5G RF Transceiver Market Competitive Landscape, Insights by Geography, and Growth Opportunity

08-19-2021 04:54 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

5G RF Transceiver Market Competitive Landscape, Insights

The global 5G radio frequency (RF) transceiver market generated a revenue of $112.0 million in 2019. According to the estimates of P&S Intelligence, a market research company based in India, the market will advance at a CAGR of 30.4% between 2020 and 2030. The factors driving the advancement of the market are the soaring requirement for 5G RF transceivers in the telecommunications sector, the growing usage of smartphones, and the rising demand for the internet of things (IoT).

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With the growing popularity of 5G services in the U.S., the U.K., China, and South Korea, the requirement for 5G RF transceivers is surging sharply in base stations and telecom exchanges. For example, more than 86,000 base stations have been established in as many as 50 Chinese cities since the launch of the 5G network in the country in 2019. Furthermore, in China, the Ministry of Industry and Information Technology proposed plans of building 500,000 5G base stations in 2020.

When vertical is taken into consideration, the market is classified into consumer electronics, telecommunications, cable/broadcasting, military and defense, aerospace, healthcare, construction, manufacturing, water management, research institutes, automotive, and transportation and logistics categories. Amongst these, the consumer electronics category is predicted to demonstrate the fastest growth in the market in the forthcoming years. This is ascribed to the rapid launch of 5G services by various telecom operating firms all over the world.

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Geographically, the 5G RF transceiver market is predicted to exhibit huge expansion in Europe in the future. This will be because of the increasing procurement rate of various radar and air defense systems by the governments of the regional countries, on account of the rising political unrest and conflicts in the region. In addition to this, the increasing installation of the 5G infrastructure and the expansion of the telecom sector are propelling the advancement of the market in this region.

Hence, it can be said with surety that the market will grow substantially across the world in the upcoming years, mainly because of the rising adoption of 5G services and the increasing usage of smartphones all over the world.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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