The global 5G radio frequency (RF) transceiver market generated a revenue of $112.0 million in 2019. According to the estimates of P&S Intelligence, a market research company based in India, the market will advance at a CAGR of 30.4% between 2020 and 2030. The factors driving the advancement of the market are the soaring requirement for 5G RF transceivers in the telecommunications sector, the growing usage of smartphones, and the rising demand for the internet of things (IoT).
With the growing popularity of 5G services in the U.S., the U.K., China, and South Korea, the requirement for 5G RF transceivers is surging sharply in base stations and telecom exchanges. For example, more than 86,000 base stations have been established in as many as 50 Chinese cities since the launch of the 5G network in the country in 2019. Furthermore, in China, the Ministry of Industry and Information Technology proposed plans of building 500,000 5G base stations in 2020.
Browse detailed - 5G RF Transceiver Market Revenue Estimation and Growth Forecast Report
Similarly, in March 2020, several base stations were set up by Ericsson, which is a Swedish telecom company, in the U.S. for accelerating 5G deployment in the country. Besides these factors, the increasing usage of smartphones is also fueling the expansion of the 5G RF transceiver market across the world. Depending on application, the market is divided into mobile devices, base stations, radar systems, embedded modules, customized devices, and gaming devices.
Out of these, the base stations category recorded the highest growth in the market during the past few years. This was because of the requirement for an improved and advanced RF front end (RFFE) design for supporting the adoption of the 5G technology in mobile phones. Furthermore, the complex designs of the RFFE of innovative and advanced smartphones, because of the existence of various advanced long-term evolution-unlicensed (LTE-U) functionalities, are fueling the integration of 5G RF transceivers in base stations.
