The World Telecommunication/ Information and Communications Technology (ICT) Indicators Database released by the International Telecommunication Union (ITU) states that 7.98 billion mobile cellular subscriptions were recorded in the world in 2019. The soaring number of mobile phone users across the world can be credited to the mounting disposable income of people and surging public awareness of new technologies.

As radio frequency (RF) transceivers enable wireless communication between multiple devices, the growing penetration of mobile phones is fueling their demand across the world. Additionally, the booming demand for wideband transceivers, owing to the rising technological advancements and escalating demand for secure, seamless, and reliable communication, will also help the RF transceiver market exhibit a CAGR of 0.8% during 2020–2030. The market was valued at $3,892.1 million in 2019 and it is projected to generate $3,384.5 million revenue by 2030.

Wideband transceivers provide long-range wireless connectivity and prevent architecture redesigning issues. For instance, with the launch of the ADRV9009 wideband RF transceiver in 2018, Analog Devices Inc. aims at accelerating the deployment of 5G and providing 4G, 3G, and 2G coverage. The module is compatible with line rates that can transmit bandwidths of as much as 48 terabits per second (Tbps) on a single fiber.

In recent years, RF transceiver manufacturers, such as Infineon Technologies AG, ON Semiconductor Corporation, Texas Instruments Incorporated, Samsung Electronics Co. Ltd., Analog Devices Inc., Nokia Corporation, Huawei Technologies Co. Ltd., Broadcom Inc., Murata Manufacturing Co. Ltd., and Skyworks Solutions Inc., have been focusing on product innovations to offer new and improved products to their clientele. For instance, Huawei Technologies Co. Ltd. introduced the 800 G tunable ultra-high-speed optical module in February 2020.

This market research report provides a comprehensive overview of the market

* The 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