NEW
YORK, June 6, 2024 /PRNewswire/ -- The
global millimeter wave and microwave RF transceiver
market size is estimated to grow by USD
4.30 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of about 10.49%
during the forecast period. The IoT market's expansion is
driving the demand for RF transceivers in millimeter wave and
microwave frequencies. With an estimated 34 billion connected
devices by 2023, generating 50 trillion GB of data, RF technology
plays a crucial role in IoT communication. Transceivers, such as
Analog Devices' ADF7030-1, offer
superior interference immunity and low power modes, making them
ideal for IoT devices. This trend is expected to boost the market
growth for RF transceivers during the forecast period.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Mobile
phones, Tablets, PCs and laptops, Smart TVs, and Set-top boxes) and
Geography (APAC, North America, Europe, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Analog Devices Inc.,
Broadcom Inc., Cisco Systems Inc., GCT Semiconductor Inc., Lime
Microsystems Ltd., MediaTek Inc., Microchip Technology Inc.,
Millimeter Wave Products Inc., Norden Millimeter Inc., NVIDIA
Corp., NXP Semiconductors NV, Phi Microtech Co. Ltd., Qorvo Inc.,
Qualcomm Inc., Renaissance Electronics and Communication LLC,
Renesas Electronics Corp., RF Microtech srl, Silicon Motion
Technology Corp., Skyworks Solutions Inc., and STMicroelectronics
International N.V.
|
Key Market Trends Fueling Growth
The Millimeter Wave and Microwave RF Transceiver Market is
experiencing significant growth due to the increasing demand for
high-speed wireless communications. Technology trends include the
use of 5G technology, which requires advanced transceivers to
support high data rates and low latency. Common applications
include autonomous vehicles, IoT devices, and military
communications.
The market is competitive with key players offering advanced
features such as high linearity, low power consumption, and wide
bandwidth. The use of advanced semiconductor technologies and the
integration of artificial intelligence and machine learning are
also driving innovation in this market. The future looks bright for
this industry as the demand for faster and more reliable wireless
communications continues to grow.
Market Challenges
- The miniaturization trend in electronic devices has driven up
transistor integration on ICs, complicating transceiver chip design
and manufacturing. Vendors must invest heavily in new tools and
processes to keep up with evolving device standards. Design
challenges, such as clock frequency limitations, add to development
costs.
- However, OEMs push for lower component costs, creating a market
growth hurdle. Keywords: miniaturized electronic devices,
transistor integration, transceiver chips, design complexity,
manufacturing process, high-performance, power-efficient, evolving
device standards, development costs, OEMs.
- The Millimeter Wave and Microwave RF Transceiver Market
face several challenges. Technology requirements include high data
rates, low power consumption, and small form factors. Complexity
arises from the need for integration of multiple functions such as
antenna arrays, power amplifiers, and filters.
- Cost is a significant challenge due to the high manufacturing
costs of millimeter wave components. Regulatory hurdles, including
spectrum availability and licensing, add to the complexity.
Additionally, ensuring reliable performance in various environments
and applications is essential. Overall, the market requires
innovative solutions to address these challenges and drive
growth.
Research report provides comprehensive data on
impact of trend, driver and challenges - Download a
Sample Report
Segment Overview
- Application
- 1.1 Mobile phones
- 1.2 Tablets
- 1.3 PCs and laptops
- 1.4 Smart TVs
- 1.5 Set-top boxes
- Geography
- 2.1 APAC
- 2.2 North America
- 2.3 Europe
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 Mobile phones- The millimeter wave and microwave
RF transceiver market for mobile phones is projected to experience
a gradual decline in Year-over-Year growth during the forecast
period. This trend is primarily due to the decreasing Average
Selling Price (ASP) of transceivers in smartphones and intense
price competition among vendors. The global smartphone market has
seen an influx of new entrants, leading to lower smartphone prices
and a subsequent decrease in transceiver ASP. Despite this, the
demand for transceivers is anticipated to increase with the
expanding mobile phones market, driving market growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Millimeter Wave and Microwave RF Transceiver Market
encompasses advanced wireless technologies, including mobile
phones, tablets, Smart TVs, PCs, laptops, set-top boxes, sensors,
actuators, and 5G communication systems. These transceivers operate
in the millimeter wave band and radio frequencies, enabling
high-bandwidth applications such as imaging, sensing, and
atmospheric absorption.
The essential enabler of 5G networks, these transceivers are
crucial for low-latency communication in various sectors, including
autonomous vehicles, augmented reality, and telecommunication
infrastructure. TG certified transceivers are increasingly being
adopted for their ability to deliver lower latency and superior
performance in video streaming applications. Millimeter wave and
microwave RF transceivers are the backbone of wireless
technologies, driving innovation and growth in the 5G era.
Market Research Overview
The Millimeter Wave and Microwave RF Transceiver Market
encompasses technologies and solutions that enable wireless
communication through the transmission and reception of radio
frequency signals. These transceivers operate in the microwave and
millimeter wave frequency bands, supporting applications such as
telecommunications, radar systems, satellite communications, and
automotive sensing.
The market is driven by factors like increasing demand for
high-speed wireless connectivity, growing adoption of IoT devices,
and advancements in semiconductor technology. Transceivers in this
market offer features like high data rates, low power consumption,
and compact form factors, catering to various industries and
applications. The market is expected to grow significantly due to
the ongoing development of 5G networks and the increasing demand
for advanced sensing technologies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Mobile Phones
- Tablets
- PCs And Laptops
- Smart TVs
- Set-top Boxes
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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