Geographically, APAC accounted for the largest share in the RF transceiver market in 2019, and it is expected to maintain its dominance throughout the forecast period. This can be attributed to the growing adoption of wireless communication devices, accelerating demand for video streaming, and surging advancements in IoT technology in the region.
Moreover, the increasing deployment of 5G in China, owing to the Made in China 2025 plan of the government, is also driving the market growth in APAC. Additionally, the rising use of cloud computing and AI technologies will support the market growth in the region, in the coming years. Whereas, the Latin American (LATAM) RF transceiver market is projected to demonstrate the fastest growth during the forecast period, due to the soaring internet penetration and increasing adoption of 4G and 5G and smartphones in the region.
Besides, the mounting investments being made by mobile operators in their content and media capabilities, 5G services, and IoT applications will also contribute to the market growth in the region. Moreover, the upgradation of large and ultra-large data centers from 10 G transceivers to 100 G and 40 G transceivers, for obtaining higher digital signal transmission speed, will also drive the market growth in LATAM.
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Categories under the application segment of the RF transceiver market are mobile devices, embedded modules, add-on cards, routers, and others, such as gaming and customized devices. Under this segment, the mobile devices category generated the highest revenue in 2019, due to the burgeoning reliance of people on wireless communication networks. Moreover, the rapid adoption of mobile phones in Asia-Pacific (APAC) countries, such as Japan, India, and China, is also facilitating the growth of this category.
Therefore, the booming smartphone sales and surging internet penetration will steer the market growth in the coming years. This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
