RF Transceiver Market to Display 0.8% CAGR during 2020–2030

The 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.

The vertical segment of the RF transceiver market is categorized into aerospace, cable/broadcasting, consumer electronics, healthcare, military and defense, telecommunications, and others, such as automotive, construction, manufacturing, research, transportation and logistics, and water management.

Under this segment, the consumer electronics category accounted for the largest market share in 2019 due to the large-scale adoption of gaming consoles, IoT, laptops, networking equipment, surveillance systems, smartphones and tablets and rapid infrastructural development. Thus, the burgeoning demand for mobile communication devices is a key contributor to the market growth worldwide.

Comments

Post a Comment

Popular posts from this blog

Increasing Smartphone Usage Driving Enterprise Mobility Management Market Surge

Image
Owing to the increasing penetration of the internet, mushrooming use of smartphones, and growing enactment of the bring-your-own-device (BYOD) policy at workplaces in several countries, the global enterprise mobility management (EMM) market is expanding rapidly. According to the forecast of the market research company, P&S Intelligence, the value of the market reached $16 billion in 2020. The market is also expected to exhibit explosive growth during 2021–2030 (forecast period). In recent years, the penetration of the internet has surged sharply in several countries. According to the World Bank, around 49.0% of people all over the world were using the internet in 2017. This is fueling the demand for enterprise mobility management solutions and services. In addition, the rapid advancements being made in technologies, such as artificial intelligence (AI), and the surging number of smartphone users across the world are also propelling the requirement for EMM solutions. This is because...
Read more

Increasing Construction Activities Driving CAD Software Demand in India

Image
The expansion of the construction sector, on account of factors, such as the implementation of initiatives by the government for facilitating infrastructure development and increasing foreign direct investment (FDI), is fueling the demand for CAD software in India . According to the India Brand Equity Foundation (IBEF), India will be home to the third largest construction industry in the world by 2022. The organization also reported that the government allocated Rs. 111 lakh crore or USD 1.4 trillion under the National Infrastructure Pipeline (NIP) for FY2019–2025. The CAD software is being increasingly required in the construction industry for facilitating accurate designs and precise measurements, carry out advanced analysis of the designs, and spot flaws in the designs. Moreover, the CAD software enables construction managers to get a better insight into designs, reduce chances of error, achieve faster project completions, and higher project accuracy and efficiency. Therefore, with ...
Read more

Surging Deployment of Unified Communication Systems Driving Corporate Telephony Market

Image
A number of factors, such as the surging deployment of unified communication systems, increasing investments in corporate telephony, and rising need to improve productivity and reduce operational cost and time, are expected to drive the growth of the corporate telephony market during the foreseeable period (2021–2030). Moreover, the market is witnessing the increasing incorporation of the internet of things (IoT) with communication systems. IoT improves mobility and enables access to data virtually, by allowing data exchange among various divisions over a wireless network. This leads to better work scheduling and improved communication. The surging deployment of unified communication systems is one of the main factors boosting the growth of the corporate telephony market .   Organizations are rapidly adopting these systems to improve their communications and reduce their operational costs. Moreover, unified communication systems help organizations in improving the user experience,...
Read more