One of the prominent trends currently being observed in the 5G RF transceiver market is the increasing adoption of wideband transceivers, mainly because of the rising preference for reliable, secure, and seamless communication and technological developments in communications systems. In addition to this, the wideband transceivers have various advantages over the conventionally used variants such as their ability to eradicate the requirement of redesigning and provide long-range wireless connectivity and are thus, being increasingly used in the telecom sector, especially for deploying 5G services.
The global 5G radio frequency (RF) transceiver market generated a revenue of $112.0 million in 2019 and is expected to demonstrate a CAGR of 30.4% during the forecast period (2020—2030). The major factors fuelling the growth of the market are the ballooning requirement of 5G RF transceivers in the telecommunications sector, increasing adoption of advanced technologies such as internet of things (IoT), and the soaring usage of smartphones across the world.
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Globally, the 5G RF transceiver market is expected to surge in the Asia-Pacific (APAC) region during the forecast period, mainly because of the presence of a flourishing consumer electronics industry in the region. The other important factors expected to cause the boom of the market in the region in the years ahead are the rising popularity of video streaming, increasing utilization of wireless communication devices, swift digitization, and development of advanced technologies such as internet of things (IoT) in the region.
This market research report provides a comprehensive overview of the 5G RF transceiver market
- Historical and the present size of the 5G RF transceiver 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