How Economic Prosperity is Contributing in Growth of RF Transceiver Market?

RF Transceiver Market

RF Transceiver Market
The global radio frequency transceiver Market market was valued at $9.8 billion in 2018 and is further
predicted to grow with a CAGR of 11.6% during the forecast period (2019–2024). The various factors
positively affecting the growth of the market include the rising adoption of internet of things (IoT)
and growing demand for mobile devices.
On the basis of application, the RF transceiver market is categorized into embedded modules,
routers, mobile devices, add-on cards, and others (customized devices and gaming). The application
of mobile devices held the largest share of the market during the historical period (2014–2018) and is
expected to dominate the market during the forecast period as well.
A transceiver is a device, in which both transmitter and receiver are combined on an integrated circuit
board, to enable wireless communication. This is attributed to the rising population around the world,
which is becoming increasingly dependent on mobile communication technology. This category is
also predicted to grow at the fastest pace during the forecast period.
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The growing demand for mobile devices is also a key driving factor of the RF transceiver market.
The usage of smartphones has increased significantly since 2016–2017 due to advanced multimedia
features, fast 3G/4G LTE multimode connectivity, and enhanced location awareness.
Furthermore, digitalization and the increasing internet penetration are also leading to the rising
adoption of smartphones, which is further expected to increase in the coming years with the
upcoming roll-out of the 5G network. Therefore, the demand for RF transceivers is predicted to
increase with the rising production of mobile devices.
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
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