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Global 5G RF Transceiver Market Size to grow USD 682.66 million by 2028

The 5G RF Transceiver Market is projected to grow from USD 183.33 million in 2020 to USD 682.66 million by 2028 at a CAGR of 30.4 % during the forecast period.

Global 5G RF Transceiver Market Size to grow USD 682.66 million by 2028

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The primary factors driving the growth of the 5G transceiver market are rising IoT expansion and increased demands from the telecommunications sector. Furthermore, the consumer electronics sector's rapid growth and the growing number of mobile phone users are boosting market demand for 5G optical transceivers. Increased demand for enhanced mobile broadband services, as well as virtual networking architecture in the telecom industry, growing investment in the development of 5G, data transmission, and machine-to-machine communication solutions, are all driving market expansion. Aside from that, rising IoT use and growing demand for a better digital ecosystem would propel the market forward. In addition, demand for high-speed connections, and access to real-time information boost the market growth during the forecast period.

Global 5G RF Transceiver Market Size

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The COVID-19 pandemic has had an influence on the 5G RF transceiver market, with significant economies such as United States, India, China, and European countries seeing a temporary shutdown of industries due to government lockdowns. The pandemic has also had an impact on the supply chain of electronic components for original equipment manufacturers (OEMs), which has had an impact on RF transceiver manufacturing and market growth. The largest manufacturers of RF transceivers are Asia-Pacific countries, which include Vietnam, China, South Korea, Japan, Taiwan, and India. Intermittent lockdowns in these countries have significantly hampered manufacturing and trade.


Increasing Adoption of Wideband Transceivers Propel Market Growth


The use of wideband transceivers is one of the current important trends in the 5G RF transceiver industry, due to the technological improvements and a growing focus on smooth, reliable, and secure communication. Wideband transceivers not only provide long-range wireless connectivity, but also they reduce the need for redesigning. Manufacturers of these items are offering enhanced wideband variations in response to the growing demand for such solutions. For instance, Analog Devices Inc., released the ADRV9009 wideband RF transceiver in 2018 to provide designers with a single radio platform for launching 5G services. The ADRV9009 is designed to support the 24–86 gigahertz (GHz) millimeter band and the 600 megahertz (MHz)–6GHz frequency range, with twice the bandwidth of earlier models. Thus, the adoption of these advanced wideband RF transceivers propel the 5G RF transceivers market during the forecast period.


Raising Demand in Telecom Sector Drives Market Growth


The increased demand for 5G RF transceivers in the telecom sector is the strongest driving factor for the 5G RF transceiver market. The rapid rollout of 5G services in the United Kingdom, South Korea, United States, and China is driving the use of such devices in telecom exchanges and base stations. Since the 5G network was launched in China in 2019, more than 86,000 base stations have been built in 50 cities, resulting in increased transceiver adoption. In addition, China's Ministry of Industry and Information Technology announced intentions in April 2020 to build 500,000 5G base stations in 2020 alone. In March 2020, Ericsson, a Swedish telecom company, built base stations in the United States to speed up 5G deployment.


The Asia Pacific is the largest market for 5G RF transceivers, due to the presence of major market manufactures and the increasing deployment of RF transceivers in end-user applications such as consumer electronics and the Consumer Electronics market. Furthermore, the growing number of mobile phones in the region, and prevalence of wireless communication devices, as well as the expansion of the consumer electronics industry in the region, are driving the overall growth of the RF transceiver market in the Asia-Pacific region.

Global 5G RF Transceiver Market Size

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North America is the second-largest market for 5G RF transceivers, owing to the growing number of smartphone users in North America. The United States will have over 290 million smartphone users by 2020, making it one of the world's largest smartphone users. Furthermore, developments in the telecommunications market and rising disposable income across the region are two significant factors influencing the RF transceiver market's overall growth.


KEY INDUSTRY DEVELOPMENTS:


In February 2020, Marvell and Analog Devices, Inc. announced a technical partnership to provide completely optimised solutions for 5G base stations. Marvell's 5G digital platform was combined with ADI's wideband RF transceiver expertise in this cooperation. This will aid enterprises in developing fully integrated 5G digital front end systems with tightly coupled RF transceivers, resulting in the creation of next-generation radio unit solutions.


In February 2019, MaxLinear Inc. announced launch of the MxL1500 and MxL1600 quad RF transceivers for 5G wireless infrastructure. These transceivers contribute to strong system integration, a large bandwidth range, great performance, and system flexibility. Both transceivers create large deployments in wireless infrastructure radios due to their lower power consumption capabilities.


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