These instruments are heavily used for sending and receiving signals for 5G communication in base stations, mobile devices, embedded modules, and radar systems. The surging need for these instruments in the telecom sector is one of the major 5G RF transceiver market growth drivers. The launch of 5G services in China, South Korea, the U.K., and the U.S., is fueling the deployment of these instruments in base stations and telecom exchanges. 

 

 

For example, in 50 Chinese cities, more than 86,000 base stations have been set up since the launch of the 5G network in the country in 2019, which subsequently pushed up the demand for transceivers. Furthermore, the Ministry of Industry and Information Technology announced its plans of establishing 500,000 5G base stations in the country in 2020 itself in April 2020.

Likewise, Ericsson, which is a Swedish telecom company, deployed base stations in the U.S. in March 2020 in order to fuel 5G adoption. Depending on design, the market is divided into standalone-chip transceiver and single-chip transceiver categories. Of these, the standalone-chip transceiver category contributed higher revenue to the market in the past, owing to the low-power consumption ability of these devices.