The radiofrequency (RF) transceiver market revenue is expected to decline from $3,892.1 million in 2019 to $3,384.5 million by 2030, because of the falling costs of RF transceivers, due to rise in economies of scale. Moreover, the surging adoption of mobile communication technologies, such as 5G and 4G, burgeoning demand for mobile devices, and increasing adoption of internet of things (IoT) technology will help the market exhibit a CAGR of 0.8% during the forecast period (2020–2030).
Currently, the booming demand for wideband transceivers, on account of the rapid technological advancements and escalating demand for seamless, reliable, and secure communication, is becoming a key market trend. The mounting demand for mobile devices in developed and developing countries, owing to the surging need to stay connected and increasing internet penetration, is a prominent growth driver of the market.
The International Telecommunication Union’s (ITU) World Telecommunication Database reveals that 7.98 people around the world were mobile phone users in 2019. In recent years, there has been a rapid surge in the number of mobile phone users in developing countries due to the rising disposable income of people. According to P&S Intelligence, the Asia-Pacific (APAC) RF transceiver market generates the highest revenue due to the escalating demand for wireless communication devices, such as smartphones, and the rising penetration of 5G in South Korea, Japan, and China.
Moreover, the escalating use of AI and cloud computing technologies, soaring demand for video streaming platforms, and advancements in the IoT technology will also propel the demand for RF transceivers in the region. Additionally, the accelerating digitization rate in APAC countries is also a key contributor to the market growth. Whereas, the LATAM RF transceiver market is expected to display the fastest growth throughout the forecast period, owing to the growing internet penetration and rising adoption of smartphones, 5G, and 4G in the region.
Besides, the hefty investments being made by mobile operators in 5G services, IoT applications, and content and media capabilities will also augment the RF transceiver demand in LATAM. In addition, the mounting focus of large and ultra-large data centers to upgrade from 10 G transceivers to 40 G and 100 G transceivers to obtain higher digital signal transmission speeds will also fuel the market growth in the region.
Thus, the burgeoning demand for mobile communication devices is a key contributor to the market growth worldwide.
Currently, the booming demand for wideband transceivers, on account of the rapid technological advancements and escalating demand for seamless, reliable, and secure communication, is becoming a key market trend. The mounting demand for mobile devices in developed and developing countries, owing to the surging need to stay connected and increasing internet penetration, is a prominent growth driver of the market.
The International Telecommunication Union’s (ITU) World Telecommunication Database reveals that 7.98 people around the world were mobile phone users in 2019. In recent years, there has been a rapid surge in the number of mobile phone users in developing countries due to the rising disposable income of people. According to P&S Intelligence, the Asia-Pacific (APAC) RF transceiver market generates the highest revenue due to the escalating demand for wireless communication devices, such as smartphones, and the rising penetration of 5G in South Korea, Japan, and China.
Moreover, the escalating use of AI and cloud computing technologies, soaring demand for video streaming platforms, and advancements in the IoT technology will also propel the demand for RF transceivers in the region. Additionally, the accelerating digitization rate in APAC countries is also a key contributor to the market growth. Whereas, the LATAM RF transceiver market is expected to display the fastest growth throughout the forecast period, owing to the growing internet penetration and rising adoption of smartphones, 5G, and 4G in the region.
Besides, the hefty investments being made by mobile operators in 5G services, IoT applications, and content and media capabilities will also augment the RF transceiver demand in LATAM. In addition, the mounting focus of large and ultra-large data centers to upgrade from 10 G transceivers to 40 G and 100 G transceivers to obtain higher digital signal transmission speeds will also fuel the market growth in the region.
Thus, the burgeoning demand for mobile communication devices is a key contributor to the market growth worldwide.
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