Surging Launches of 5G Services To Boost 5G RF Transceiver Market Growth

A number of factors, such as the increasing penetration of smartphones, surging adoption of internet of things (IoT), rising sales of mobile devices, and growing telecom industry, are expected to drive the growth of the 5G RF transceiver market at a CAGR of 30.4% in the foreseeable period (2020–2030). According to P&S Intelligence, the market generated $112.0 million revenue in 2019.
 
Moreover, the market is witnessing a key trend of surging adoption of wideband transceivers, due to technological developments and rise in focus on reliable, seamless, and secure communication. One of the prime factors aiding the market growth is the increasing demand for 5G RF transceivers from the growing telecom sector.
 
5G RF Transceiver Market Size, Status, Top Players, Trends in Upcoming Years

The surging launches of 5G services in the U.S., the U.K., China, and South Korea are driving the installation of such devices in base stations and telecom exchanges. For instance, since the launch of such networks in 2019, over 86,000 base stations have been set up in 50 Chinese cities, thereby increasing the need for these transceivers. Similarly, Ericsson installed base stations in March 2020 in the U.S., to accelerate 5G deployment.

The vertical segment of the 5G RF transceiver market is categorized into telecommunications, consumer electronics, cable/broadcasting, military & defense, aerospace, healthcare, and others. Among these, the consumer electronics category is expected to witness the fastest growth during the forecast period.

This can be ascribed to the surging incorporation of these transceivers in smartphones due to the increasing launches of 5G services by telecom companies. Further, according to the Global System for Mobile Communications Association (GSMA), over 50% subscribers of this technology demand higher data speed.

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