5G RF Transceiver Market Share, Size, Future Demand, and Emerging Trends
According to a research conducted by P&S Intelligence, the global 5G radio frequency (RF) market generated a revenue of $112.0 million in 2019, progressing at a strong CAGR of 30.4% CAGR. The surging demand for mobile devices, increasing adoption of IoT, and rising demand for these devices from the telecom industry are the key factors leading to the growth of the market. In terms of design, the market is divided into standalone-chip transceiver and single-chip transceiver.
Between these two, the standalone-chip transceiver division accounted for the larger share of the market in 2019 and is predicted to dominate the market during the forecast period as well. These variants have the capability to work in a wireless system and with low voltage. Standalone-chip transceivers further consumer less power, which is why, the preference for these devices is higher in the 5G network infrastructure. On the basis of vertical, the market is categorized into healthcare, aerospace, telecommunications, consumer electronics, cable/broadcasting, and military & defense.
Out of these, the consumer electronic industry is predicted to register the fastest growth during the forecast period in the 5G RF transceiver market. Owing to the swift launching of 5G services, the integration of RF transceivers is increasing widely in smartphones and other consumer electronic devices. For example, AT&T Inc. and Verizon Communications Inc. are providing 5G cellular plans on a monthly basis for $75 and $70. This is predicted to lead to the growth of the market in the coming years.
The increasing adoption of wideband transceivers is a key trend being witnessed in the 5G RF transceivers market. Technological advancements are the major reason for the increasing uptake of these devices. In addition to this, the rising focus on reliable, seamless, and secure communication are also driving the adoption of wideband transceivers. Wideband transceivers provide long-range wireless connectivity and also eliminate the requirement for redesigning.
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Hence, the market is being driven by the rising demand for 5G RF transceivers from the telecom industry and increasing adoption of wideband transceivers.