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The millimeter wave and microwave RF transceiver market size is estimated to decline at a CAGR of 7.37% between 2022 and 2027. The market size is forecast to increase by USD 2,609.14 million. The growth of the market depends on several factors, including the increasing use of smartphones, the deployment of next-generation LTE wireless networks, and the advent of carrier aggregation. A transceiver chip is an IC present within a transceiver module. It helps in transmitting and receiving signal frequencies in electronic devices. Different transceivers are available for radio, video, Ethernet, or wireless devices.
This millimeter wave and microwave rf transceiver market report extensively cover market segmentation by application (mobile phones, tablets, PCs and laptops, smart TVs, and set-top boxes) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The advent of carrier aggregation is one of the key drivers in the global millimeter wave and microwave RF transceiver market. Carrier aggregation combines two or more bands to increase upload and download speeds. Transceiver chips in mobile devices and cellular network infrastructure are required to support carrier aggregation technology in upcoming LTE and 5G networks. Carrier aggregation pioneered the introduction of LTE technology.
Furthermore, RF signals are transmitted and received using transceiver chips embedded in RF modules. The advent of carrier aggregation has forced transceiver chip producers to improve and upgrade their offerings to meet original equipment manufacturers' requirements. Hence, the advent of carrier aggregation is expected to drive the growth of the market during the forecast period.
The introduction of the coax transceiver chip is the primary trend in the global millimeter wave and microwave RF transceiver market. Microchip Technology, a supplier in the global transceiver chip market, has introduced a new coaxial transceiver chip called OS82150. It is also working to expand its portfolio of MOST150 networking solutions. This chip will facilitate the transition from using fiber to coax. It includes the integration of the coaxial cable driver and coaxes receiver in a quad-flat wireless low profile (QFN) package.
Additionally, the new offer is made according to the needs of the automotive industry market. These transceivers are used in automotive infotainment systems including navigation devices, antenna modules, amplifiers, tuners, Blu-ray players, entertainment systems, and the camera. The receiver also includes equalization assuring customers of a strong and reliable network connection and easily adapting to different cables, minimizing the impact of cable loss in the long run. Thus, new supply is expected to have a positive impact on the market during the forecast period.
Millimeter wave signal distortion due to atmospheric conditions is the challenge that affects the growth of the market. Millimeter waves are prone to distortion because of atmospheric conditions that affect their throughput rates. 60 GHz waves are also affected by oxygen molecules. Rainfall, humidity, and atmospheric oxygen uptake are some of the factors that affect the millimeter wave range. In addition, effective millimeter wave communication requires a line of sight between the transmitter and receiver. The line of sight between the two proposed antenna locations will be affected if the millimeter-wave link is expected to operate over a very long path.
Moreover, it may also be affected by other wireless technologies and weather conditions, such as rain and fog. This can affect the effective communication between sender and receiver. Signal distortion is a major challenge for players because millimeter wave technology relies on strong signal reception. Thus, distortion of millimeter wave signals due to atmospheric conditions is a challenge that will impede market growth during the forecast period.
The market share growth by the mobile phones segment will be significant during the forecast period. Raised use of the Internet across the globe drives the growth of the segment. Internet-connected smartphones can be used for a number of purposes, including reading news, accessing social media applications, surfing the web, and checking email. The growth of IoT is also a major factor driving the growth of the market. The majority of IoT devices are controlled by apps installed on smartphones and tablets. Transceivers play an important role in transmitting and receiving signals. They are essential components of mobile phones and IoT devices.
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The mobile phones segment showed a gradual increase in the market share of USD 2,326.66 million in 2017 and continued to grow by 2021. The mobile phone microwave and millimeter wave RF transceiver market is expected to witness a declining YoY growth during the forecast period. One of the main reasons for the decline in sales was the decrease in the average selling price (ASP) of transceivers in smartphones and the high price war between the market players. The global smartphone market has seen a large number of new entrants. Demand for transceivers is expected to grow along with more players entering the mobile phone market. Hence, this will drive the growth of the market during the forecast period.
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APAC is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The presence of many consumer electronics manufacturers, including SAMSUNG, LG Electronics, Sony, Micromax, MI, and other Chinese manufacturers, creates a strong demand for transceiver chips in APAC. Rapid economic growth in China and India is one of the key factors behind the strong demand for consumer electronics in these countries. China's electronics demand exceeds domestic production. The growing semiconductor and consumer electronics industries in the region are expected to provide significant growth opportunities for the thriving global millimeter wave and microwave RF transceiver market during the period. forecast.
In 2020, due to the COVID-19 outbreak, the regional market was negatively impacted, which led to a decline in demand for millimeter wave and microwave RF transceivers. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the resumption of electrical components manufacturing industries. The instllation of 5G technologies and the emergence of the semiconductors industry boosted the demand for transceivers in the region. Thus, such factors are expected to fuel the growth of the global millimeter wave and microwave RF transceiver market in the region during the forecast period.
The Millimeter Wave and Microwave RF Transceiver Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Millimeter Wave and Microwave RF Transceiver Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The millimeter wave and microwave rf transceiver market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Millimeter Wave And Microwave RF Transceiver Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Decelerate at a CAGR of 7.37% |
Market growth 2023-2027 |
USD 2,609.14 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.74 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 56% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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