The RF transceivers consist of a transmitter and receiver embedded on a single chip. They are capable of transmitting data efficiently with lower power consumption. Therefore they are highly utilized in the applications such as cell phones, cordless telephones, and other wireless mediums. The advent of 5G transceivers is impacting the overall growth of RF transceivers owing to the increasing adoption of 5G technology worldwide. Moreover, the government initiatives and plans are extremely favorable for the growth of 5G transceivers. Some of the key factors such as the increasing prevalence of smart communication devices and rapid growth of telecommunication, combined with the increasing proliferation of IoT technologies are impacting the RF transceiver market growth.
The RF transceivers are utilized in the health care sectors, especially in the blood analysis devices, in the residential sectors; they are used in the motion-detecting sensors. Therefore the expanse of end-user industries of the RF transceiver is considered as the major growth-stimulating factor for the RF transceiver market.
The COVID 19 widespread has significantly impacted the growth of the RF Transceiver market, due to the reduced adoption in the consumer electronics and automotive market which are considered as the major end-user industries of the RF transceivers market. The restrictions imposed by the government and the reduced manufacturing and production rate across several industrial verticals have reduced the demand for the utilization of the RF transceivers. Additionally, the restrictions imposed by the government also restricted the supply chain of electronic components. Moreover, the major manufacturers of RF Transceivers such as China, South Korea, and Vietnam were intensively affected by the pandemic and were under lockdown for a longer period. Such factors have negatively affected the growth of the RF Transceiver industry.
The advancing multimedia features which include, internet connectivity at higher speed, efficient location detection capabilities, and other significant features are impacting the RF transceiver market growth. Moreover, smartphones deploy the RF transceivers in a smaller size, however, they are capable of operating at higher frequencies and consume very little power. Such potential benefits of the RF transceivers are driving the RF Transceiver market growth.
The increasing industrialization and urbanization have propelled the demand for a reliable, seamless, and secure way for communication. Online businesses, digital marketing, e-commerce, and other internet-based applications showcase higher demand for reliable communication. The RF transceiver is considered as the suitable option for reliable communication over Infra-red communication. Therefore the utilization of the RF transceivers has increased in the applications such as space communication and other crucial areas.
The demand for Single-chip Transceivers was rapidly gaining momentum due to the wide adoption of mobile devices, routers, modems, and other communication devices which are capable of operating with lower power.
The increasing utilization of the RF Transceivers in smart devices for the efficient transfer of data at higher speed is expected to present lucrative opportunities for the overall growth of RF transceivers. Additionally, smart devices like smartphones, tablets, and other communication devices are adopting RF transceiver chips for efficient data transfer.
The privacy and security-related issues that arise due to the vulnerability of the RF transmission are hindering the growth of the RF transceiver industry.
The regulations imposed on the Radio spectrum bands by organizations such as NTIA and FCC are expected to hinder the overall growth of the RF transceiver market.
The deployment of the RF transceivers and the related consumer electronics were restricted for usage in some regions due to the uncontrolled radiation of the RF affects the vulnerable population like pregnant women, children, patients with pacemakers and impacts environmental stability by interrupting the lives of small insects, small birds, flora and fauna.
Some of the recent researchers have found that the area where the RF towers were built are more prone to get affected by lightning compared to other areas, which restricts the installation of the towers in the cities. Such factors are considered as the major challenge for the overall growth of the RF Transceiver market.
Cumulative Growth Analysis:
The growth of the RF transceivers market is highly influenced by the growth of consumer electronics, smartphones, wireless communication devices, and the rising demand for efficient communication. The rising demand for smart devices and the rapid demand for social media are considered as the primary growth stimulating factors for the RF transceiver market growth. The increasing prevalence of 5G technology across the Asia-pacific region due to government initiatives such as Made in China 2025 is bolstering the overall growth of the RF Transceiver market.
The potential benefits of the RF transceiver over Infra-Red radiations such as traveling through longer distances which are extremely important for some crucial applications are increasing the demand for the RF transceivers. Also, the RF transmission is considered as reliable and strong communication, whereas the IR signals are often interrupted by other IR emitting nodes.
Value Chain Analysis:
Some of the potential end-user industries of the RF transceiver market include Telecommunication, Military, defense, consumer electronics, aerospace, healthcare, and others. Since 2019, the consumer electronics segment is generating a higher market share concerning the RF transceiver market, primarily because of the increasing prevalence of smart devices such as Laptops, smartphones, tablets, gaming consoles, networking equipment, IoT devices, and surveillance equipment. The increasing number of smart cities and smart factories which are highly reliant on efficient data transmission is impacting the overall growth of the RF Transceiver market.
In recent times, the telecommunication market and the consumer electronics segment are gaining momentum with the integration of advanced technologies in these sectors. On the other hand, the penetration of the internet and social media usage is rapidly increasing, which demands efficient transmission of music, videos, streaming videos, gaming, and other applications. Such factors are augmenting the RF transceiver market growth.
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Among other regions, the Asia-pacific region is expected to hold a larger market share owing to the presence of leading market players across the region and increasing deployment of the RF transceivers in the end-user applications such as consumer electronics, automotive market. Moreover, the increasing number of mobile phones across the region and the prevalence of wireless communication devices, and the expansion of the consumer electronic sectors across the region are propelling the overall growth of the RF transceiver market across the Asia-pacific region. On the other hand, North America is also expected to showcase a higher market share during the forecast period owing to the increasing number of smartphone users in the region. According to the latest report, the U.S is considered as one of the world’s largest smartphone users which contains over 290 million smartphone users in the year 2020. Moreover, the advancements in the telecommunication market and increasing disposable income across the region are some of the key factors that impact the overall growth of the RF transceiver market.
In the year 2018, one of the leading market players, Samsung Electronics has launched a smartphone, Samsung S9 Plus which is equipped with an RF transceiver called Shannon 965 and features that help in the power optimization for every transmission.
In the year 2020, one of the leading market players, Qualcomm corporation has launched the 212 LTE IoT modem that includes a fully integrated RF transceiver, NB2 IoT connectivity, and ARM Cortex M3 processor, and other significant components such as memory and power management units. This modem is considered to be more suitable for IoT applications that require efficient connectivity within the buildings and for applications with lower power usage.
This report has covered:
The APAC region will dominate the RF transceiver market.
Demand for high data speeds and increasing use in automotive applications are driving the RF transceiver market growth.
Embedded modules, routers, add-on cards, tablets, mobile phones, are others are the key applications of the RF transceiver.
Regulations of radio spectrum bands by the NTIA and FCC may limit the RF transceiver market growth.
Key players profiled in the RF transceiver market include Intel Corporation (U.S.), RF Micro Devices Inc. (U.S.), Qualcomm Inc. (U.S.), Broadcom Corp. (U.S.), Renesas Electronics Corp. (Japan), TriQuint Semiconductor Inc. (U.S.), ST-Microelectronics Inc. (Switzerland), Texas Instruments Inc. (U.S.) and others. Leading innovators include Skyworks (U.S.), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (the Netherlands), Integrated Device Technology, Inc. (U.S.), Maxim Integrated (U.S.), Toshiba Electronic Devices & Storage Corporation (Japan) and others.