Global 5G RF Transceiver Market to Witness a CAGR of 30.4% Between 2020 and 2030
DUBLIN, July 23, 2020 /PRNewswire/ -- The "5G RF Transceiver Market Research Report: By Design, Application, Vertical - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Due to the rising preference for advanced multimedia features, high-speed internet connectivity, and enhanced location detection capabilities, the uptake of smartphones is increasing around the world. Moreover, the launch of 5G services in Japan, China, South Korea, and many other nations is expected to further fuel smartphone sales.
However, the Rest of the World region is expected to witness the fastest advance in the industry, due to the increasing usage of the virtual networking architecture by the telecom sector, rising mobile data traffic, rapid adoption of IoT, and growing uptake of smartphones, especially in Mexico, Brazil, and Turkey.
New Products Being Launched by Market Players to Consolidate their Position
Companies in the market are rapidly introducing new and enhanced transceivers to target a wider customer base, as the products are designed to:
The key players in the global 5G RF transceiver market include Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments Incorporated, Broadcom Inc., Qorvo Inc., Analog Devices Inc., Qualcomm Incorporated, Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Fujitsu Limited, NXP Semiconductors N.V., On Semiconductor Corporation, Skyworks Solutions Inc.,Nokia Corporation, ZTE Corporation, and Murata Manufacturing Co. Ltd.
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SOURCE Research and Markets