The mushrooming utilization of smartphones is one of the major factors fueling the demand for radiofrequency (RF) transceivers across the globe. In the recent years, the penetration of smartphones has grown massively both in the developed and developing countries. As per the State of Mobile Internet Connectivity Report 2019 published by the Global System for Mobile Communications Association (GSMA), 3.5 billion people all over the world use smartphones currently, and these devices are the primary medium for accessing the internet.

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Apart from the above-mentioned factor, the growing adoption of the internet of things (IoT) and advanced mobile communication technologies such as 5G and 4G are also propelling the demand for RF transceivers. This is, in turn, fueling the growth of the global RF transceiver industry. According to the estimates of the market research firm, P&S Intelligence, the market value will fall from $3,892.1 million in 2019 to $3,384.5 million by 2030, due to the declining prices of RF transceivers.

Additionally, the falling demand for 2G and 3G technologies is also contributing toward the reduction in the market value. Furthermore, the market will exhibit a CAGR of 0.8% between 2020 and 2030. 5G, 4G, 3G, and 2G transceivers are the most commonly used RF transceivers across the world. Out of these, the demand for the 4G transceivers was found to be the highest in 2019, due to the replacement of the 3G technology with the 4G one in various countries.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings